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Carlsberg Brewery Malaysia BhdXKLS:2836 81 ROE % is 106.90% as of Mar. 2026, which is 12% below its 10-year median of 121.85. GuruFocus rates XKLS:2836 with a GF Score™ of 81/100 and a GF Value™ of RM19.39 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 206 Beverages - Alcoholic companies, Carlsberg Brewery Malaysia Bhd ranks better than 99.51% on this metric.
The historical rank and industry rank for Carlsberg Brewery Malaysia Bhd's ROE % or its related term are showing as below:
XKLS:2836'
s ROE % Range Over the Past 10 Years
Min: 62.37 Med: 121.85 Max: 183.26
Current: 112.78
During the past 13 years, Carlsberg Brewery Malaysia Bhd's highest ROE % was 183.26%. The lowest was 62.37%. And the median was 121.85%.
XKLS:2836's ROE % is ranked better than 99.51% of 206
companies
in the Beverages - Alcoholic industry
Industry Median: 5.235
vs XKLS:2836: 112.78
Carlsberg Brewery Malaysia Bhd (XKLS:2836) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Carlsberg Brewery Malaysia Bhd ROE % Related Terms
Carlsberg Brewery Malaysia Bhd ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's ROE % distribution charts can be found below:
* The bar in red indicates where Carlsberg Brewery Malaysia Bhd's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a ROE % of 106.90% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. This is 12% below median its historical median of 121.85. Over the past decade, Carlsberg Brewery Malaysia Bhd's ROE % has ranged from 62.37 to 183.26. According to the industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #1 out of 206 companies in the Beverages - Alcoholic industry, placing it in the top 0.5%.
Is Carlsberg Brewery Malaysia Bhd's ROE % too high?
Carlsberg Brewery Malaysia Bhd's current ROE % of 106.90% is 12% below median its 10-year median of 121.85. Over the past 10 years, this metric has ranged from a low of 62.37 to a high of 183.26. The Beverages - Alcoholic industry median ROE % is 5.24. Carlsberg Brewery Malaysia Bhd's value of 106.90% is 1942% above this industry median. Based on the distribution chart, Carlsberg Brewery Malaysia Bhd ranks #1 out of 206 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Carlsberg Brewery Malaysia Bhd 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 Brewery Malaysia Bhd's ROE % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #1 out of 206 companies for ROE %. This places Carlsberg Brewery Malaysia Bhd in the top 1% of its industry — outperforming the majority of peers. The industry median ROE % is 5.24. Carlsberg Brewery Malaysia Bhd's value of 106.90% is 1942% above this benchmark. Historically, Carlsberg Brewery Malaysia Bhd's own ROE % has ranged from 62.37 to 183.26 over the past decade. While the company's 10-year median is 121.85 vs. the industry median of 5.24, 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 ROE % for a Beverages - Alcoholic company?
The median ROE % among Beverages - Alcoholic companies is 5.24, based on 206 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg Brewery Malaysia Bhd's current ROE % of 106.90% is 1942% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. For the Beverages - Alcoholic industry, the median ROE % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg Brewery Malaysia Bhd's current ROE % is 106.90%, which is 12% below median its own 10-year median of 121.85. 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 RM19.39, compared to a current price of RM16.10 — trading 17% below its estimated fair value. The current ROE % is 106.90%, which is 12% below median its 10-year median of 121.85 and 1942% above the Beverages - Alcoholic industry median of 5.24. Carlsberg Brewery Malaysia Bhd's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current ROE % is 106.90% as of Mar. 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 RM16.10 is trading 17% below its estimated GF Value™ of RM19.39.
GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2836:
ROE %: 106.90% (12% below median its 10-year median of 121.85)
GF Value™: RM19.39 vs. price of RM16.10 (17% below fair value)
Industry Position: 1942% above the Beverages - Alcoholic median (#1 of 206)
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.
81GF Score
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