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Carlsberg Brewery Malaysia BhdXKLS:2836 +0.50%81 3-Year ROIIC % is 18.86 as of Dec. 2025, which is 12% below its 10-year median of 21.52. GuruFocus rates XKLS:2836 with a GF Score™ of 81/100 and a GF Value™ of RM19.38 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 198 Beverages - Alcoholic companies, Carlsberg Brewery Malaysia Bhd ranks better than 76.26% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Carlsberg Brewery Malaysia Bhd's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 18.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
XKLS:2836's 3-Year ROIIC % is ranked better than 76.26% of 198
companies
in the Beverages - Alcoholic industry
Industry Median: -0.1
vs XKLS:2836: 18.86
Carlsberg Brewery Malaysia Bhd (XKLS:2836) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Carlsberg Brewery Malaysia Bhd 3-Year ROIIC % Related Terms
Carlsberg Brewery Malaysia Bhd 3-Year ROIIC % 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.
Carlsberg Brewery Malaysia Bhd 3-Year ROIIC % Chart
XKLS:2836 vs BUD, STZ, TAP: 3-Year ROIIC % Comparison
For the Beverages - Brewers subindustry, Carlsberg Brewery Malaysia Bhd's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Carlsberg Brewery Malaysia Bhd's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a 3-Year ROIIC % of 18.86 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. This is 12% below median its historical median of 21.52. According to the industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #47 out of 198 companies in the Beverages - Alcoholic industry, placing it in the top 23.7%.
Is Carlsberg Brewery Malaysia Bhd's 3-Year ROIIC % too high?
Carlsberg Brewery Malaysia Bhd's current 3-Year ROIIC % of 18.86 is 12% below median its 10-year median of 21.52. Based on the distribution chart, Carlsberg Brewery Malaysia Bhd ranks #47 out of 198 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 3-Year ROIIC % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #47 out of 198 companies for 3-Year ROIIC %. This places Carlsberg Brewery Malaysia Bhd in the top 24% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Beverages - Alcoholic company?
A good 3-Year ROIIC % depends on the Beverages - Alcoholic industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. Carlsberg Brewery Malaysia Bhd's current 3-Year ROIIC % is 18.86, which is 12% below median its own 10-year median of 21.52. 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 RM19.38, compared to a current price of RM16.10 — trading 16.9% below its estimated fair value. The current 3-Year ROIIC % is 18.86, which is 12% below median its 10-year median of 21.52. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current 3-Year ROIIC % is 18.86 as of Dec. 2025. 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 16.9% below its estimated GF Value™ of RM19.38.
GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2836:
3-Year ROIIC %: 18.86 (12% below median its 10-year median of 21.52)
GF Value™: RM19.38 vs. price of RM16.10 (16.9% below fair value)
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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