Carlsberg Brewery Malaysia BhdXKLS:2836 83 PB Ratio is 11.87 as of Jun. 28, 2026, which is 57% below its 10-year median of 27.56. GuruFocus rates XKLS:2836 with a GF Score™ of 83/100 and a GF Value™ of RM19.32 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 205 Beverages - Alcoholic companies, Carlsberg Brewery Malaysia Bhd ranks worse than 96.59% on this metric.
Carlsberg Brewery Malaysia Bhd stock PB Ratio (=11.87) is close to 10-year low of 11.35.
The historical rank and industry rank for Carlsberg Brewery Malaysia Bhd's PB Ratio or its related term are showing as below:
XKLS:2836'
s PB Ratio Range Over the Past 10 Years
Min: 11.35 Med: 27.56 Max: 80.12
Current: 11.87
During the past 13 years, Carlsberg Brewery Malaysia Bhd's highest PB Ratio was 80.12. The lowest was 11.35. And the median was 27.56.
XKLS:2836's PB Ratio is ranked worse than 96.59% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 1.66
vs XKLS:2836: 11.87
During the past 12 months, Carlsberg Brewery Malaysia Bhd's average Book Value Per Share Growth Rate was 13.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 29.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Carlsberg Brewery Malaysia Bhd was 29.60% per year. The lowest was -22.70% per year. And the median was 2.60% per year.
Back to Basics: PB Ratio
Carlsberg Brewery Malaysia Bhd (XKLS:2836) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Carlsberg Brewery Malaysia Bhd PB Ratio Related Terms
Carlsberg Brewery Malaysia Bhd PB Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Brewers subindustry, Carlsberg Brewery Malaysia Bhd's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carlsberg Brewery Malaysia Bhd PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's PB Ratio distribution charts can be found below:
* The bar in red indicates where Carlsberg Brewery Malaysia Bhd's PB Ratio falls into.
Carlsberg Brewery Malaysia Bhd PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a PB Ratio of 11.87 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. This is 57% below median its historical median of 27.56. Over the past decade, Carlsberg Brewery Malaysia Bhd's PB Ratio has ranged from 11.35 to 80.12. According to the industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #198 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 96.6%.
Is Carlsberg Brewery Malaysia Bhd's PB Ratio too high?
Carlsberg Brewery Malaysia Bhd's current PB Ratio of 11.87 is 57% below median its 10-year median of 27.56. Over the past 10 years, this metric has ranged from a low of 11.35 to a high of 80.12. The Beverages - Alcoholic industry median PB Ratio is 1.66. Carlsberg Brewery Malaysia Bhd's value of 11.87 is 615.1% above this industry median. Based on the distribution chart, Carlsberg Brewery Malaysia Bhd ranks #198 out of 205 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Carlsberg Brewery Malaysia Bhd has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg Brewery Malaysia Bhd's PB Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #198 out of 205 companies for PB Ratio. This places Carlsberg Brewery Malaysia Bhd in the lower half of its industry. The industry median PB Ratio is 1.66. Carlsberg Brewery Malaysia Bhd's value of 11.87 is 615.1% above this benchmark. Historically, Carlsberg Brewery Malaysia Bhd's own PB Ratio has ranged from 11.35 to 80.12 over the past decade. While the company's 10-year median is 27.56 vs. the industry median of 1.66, Carlsberg Brewery Malaysia Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.66, based on 205 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg Brewery Malaysia Bhd's current PB Ratio of 11.87 is 615.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg Brewery Malaysia Bhd's current PB Ratio is 11.87, which is 57% below median its own 10-year median of 27.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg Brewery Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd (XKLS:2836) is currently considered Modestly Undervalued. The stock's GF Value™ is RM19.32, compared to a current price of RM16.26 — trading 15.8% below its estimated fair value. The current PB Ratio is 11.87, which is 57% below median its 10-year median of 27.56 and 615.1% above the Beverages - Alcoholic industry median of 1.66. Carlsberg Brewery Malaysia Bhd's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current PB Ratio is 11.87 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carlsberg Brewery Malaysia Bhd (XKLS:2836) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd stock appears to be undervalued.
The current stock price of RM16.26 is trading 15.8% below its estimated GF Value™ of RM19.32.
GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2836:
PB Ratio: 11.87 (57% below median its 10-year median of 27.56)
GF Value™: RM19.32 vs. price of RM16.26 (15.8% below fair value)
Industry Position: 615.1% above the Beverages - Alcoholic median (#198 of 205)
No single metric tells the full story. See the XKLS:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlsberg Brewery Malaysia Bhd Business Description
Carlsberg Brewery Malaysia Bhd produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. The company also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra. The company has three segments: Malaysia, Singapore, and Others. It generates the majority of its revenue from the Malaysia segment, which includes manufacturing, marketing, and distribution of both alcoholic and non-alcoholic beverages by entities in Malaysia.
83GF Score
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