Carlsberg ASLTS:0AI4 +0.75%81 PS Ratio is 1.29 as of Jul. 02, 2026, which is 30% below its 10-year median of 1.85. GuruFocus rates LTS:0AI4 with a GF Score™ of 81/100 and a GF Value™ of kr1,098.05 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Carlsberg AS ranks better than 57.82% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Carlsberg AS's share price is kr864.90.
Carlsberg AS's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was kr671.34. Hence, Carlsberg AS's PS Ratio for today is 1.29.
Good Sign:
Carlsberg AS stock PS Ratio (=1.29) is close to 10-year low of 1.18.
The historical rank and industry rank for Carlsberg AS's PS Ratio or its related term are showing as below:
LTS:0AI4'
s PS Ratio Range Over the Past 10 Years
Min: 1.18 Med: 1.85 Max: 2.95
Current: 1.3
During the past 13 years, Carlsberg AS's highest PS Ratio was 2.95. The lowest was 1.18. And the median was 1.85.
LTS:0AI4's PS Ratio is ranked better than 57.82% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 1.65
vs LTS:0AI4: 1.30
During the past 12 months, the average Revenue per Share Growth Rate of Carlsberg AS was 19.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 10.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.80% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 4.50% per year.
During the past 13 years, Carlsberg AS's highest 3-Year average Revenue per Share Growth Rate was 10.70% per year. The lowest was -6.20% per year. And the median was 0.50% per year.
Back to Basics: PS Ratio
Carlsberg AS (LTS:0AI4) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Carlsberg AS PS Ratio Related Terms
Carlsberg AS PS Ratio Historical Data
* Premium members only.
The historical data trend for Carlsberg AS's PS Ratio can be seen below:
* 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 AS's PS Ratio, along with its competitors' market caps and PS 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 AS PS Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's PS Ratio distribution charts can be found below:
* The bar in red indicates where Carlsberg AS's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Carlsberg AS's PS Ratio for today is calculated as
Carlsberg AS's Share Price of today is kr864.90.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Carlsberg AS's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was kr671.34.
* 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:
Carlsberg AS (LTS:0AI4) has a PS Ratio of 1.29 as of Jul. 02, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Carlsberg AS and its competitors. This is 30% below median its historical median of 1.85. Over the past decade, Carlsberg AS's PS Ratio has ranged from 1.18 to 2.95. According to the industry distribution chart, Carlsberg AS ranks #89 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 42.2%.
Is Carlsberg AS's PS Ratio too high?
Carlsberg AS's current PS Ratio of 1.29 is 30% below median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 2.95. The Beverages - Alcoholic industry median PS Ratio is 1.65. Carlsberg AS's value of 1.29 is 21.8% below this industry median. Based on the distribution chart, Carlsberg AS ranks #89 out of 211 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Carlsberg AS has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg AS's PS Ratio compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg AS ranks #89 out of 211 companies for PS Ratio. This puts Carlsberg AS in the upper half of its industry. The industry median PS Ratio is 1.65. Carlsberg AS's value of 1.29 is 21.8% below this benchmark. Historically, Carlsberg AS's own PS Ratio has ranged from 1.18 to 2.95 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 1.65, Carlsberg AS has consistently been below 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 PS Ratio for a Beverages - Alcoholic company?
The median PS Ratio among Beverages - Alcoholic companies is 1.65, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg AS's current PS Ratio of 1.29 is 21.8% below 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Carlsberg AS and its competitors. For the Beverages - Alcoholic industry, the median PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg AS's current PS Ratio is 1.29, which is 30% below median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg AS stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg AS (LTS:0AI4) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,098.05, compared to a current price of kr864.90 — trading 21.2% below its estimated fair value. The current PS Ratio is 1.29, which is 30% below median its 10-year median of 1.85 and 21.8% below the Beverages - Alcoholic industry median of 1.65. Carlsberg AS's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Carlsberg AS (LTS:0AI4), the current PS Ratio is 1.29 as of Jul. 02, 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 AS (LTS:0AI4) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg AS stock appears to be undervalued.
The current stock price of kr864.90 is trading 21.2% below its estimated GF Value™ of kr1,098.05.
GuruFocus considers Carlsberg AS to be Modestly Undervalued.
Key valuation signals for LTS:0AI4:
PS Ratio: 1.29 (30% below median its 10-year median of 1.85)
GF Value™: kr1,098.05 vs. price of kr864.90 (21.2% below fair value)
Industry Position: 21.8% below the Beverages - Alcoholic median (#89 of 211)
No single metric tells the full story. See the LTS:0AI4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlsberg is the third-largest brewer in the world after Anheuser-Busch InBev and Heineken. It holds leading share in Scandinavia, western China, and several other markets in Asia. Its key brands include Carlsberg, 1664, Tuborg, Holsten, and Somersby. The company's 2025 beverage volume was split among Western Europe (42%), Eastern Europe and India (28%), and Asia (30%).
81GF Score
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