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Carlsberg ASLTS:0AI3 -1.16%80 Shiller PE Ratio is 273.14 as of Sep. 08, 2026, which is 756% above its 10-year median of 31.90. GuruFocus rates LTS:0AI3 with a GF Score™ of 80/100 and a GF Value™ of kr1,279.45 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 126 Beverages - Alcoholic companies, Carlsberg AS ranks worse than 96.83% on this metric.
As of today (2026-09-08), Carlsberg AS's current share price is kr1062.50. Carlsberg AS's E10 for the fiscal year that ended in Dec25 was kr3.89. Carlsberg AS's Shiller PE Ratio for today is 273.14.
The historical rank and industry rank for Carlsberg AS's Shiller PE Ratio or its related term are showing as below:
LTS:0AI3'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 22.67 Med: 31.9 Max: 282.44
Current: 247.67
During the past 13 years, Carlsberg AS's highest Shiller PE Ratio was 282.44. The lowest was 22.67. And the median was 31.90.
LTS:0AI3's Shiller PE Ratio is ranked worse than 96.83% of 126
companies
in the Beverages - Alcoholic industry
Industry Median: 16.625
vs LTS:0AI3: 247.67
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Carlsberg AS's adjusted earnings per share data of for the fiscal year that ended in Dec25 was kr44.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is kr3.89 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Carlsberg AS (LTS:0AI3) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Carlsberg AS Shiller PE Ratio Related Terms
Carlsberg AS Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Carlsberg AS's Shiller PE 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 Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Carlsberg AS's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Carlsberg AS's Shiller PE Ratio for today is calculated as
* 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 AS's E10 for the fiscal year that ended in Dec25 is calculated as:
For example, Carlsberg AS's adjusted earnings per share data for the fiscal year that ended in Dec25 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Carlsberg AS (LTS:0AI3) has a Shiller PE Ratio of 273.14 as of Sep. 08, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Carlsberg AS and its competitors. This is 756% above median its historical median of 31.90. Over the past decade, Carlsberg AS's Shiller PE Ratio has ranged from 22.67 to 282.44. According to the industry distribution chart, Carlsberg AS ranks #122 out of 126 companies in the Beverages - Alcoholic industry, placing it in the top 96.8%.
Is Carlsberg AS's Shiller PE Ratio too high?
Carlsberg AS's current Shiller PE Ratio of 273.14 is 756% above median its 10-year median of 31.90. Over the past 10 years, this metric has ranged from a low of 22.67 to a high of 282.44. The Beverages - Alcoholic industry median Shiller PE Ratio is 16.63. Carlsberg AS's value of 273.14 is 1542.9% above this industry median. Based on the distribution chart, Carlsberg AS ranks #122 out of 126 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Carlsberg AS has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg AS's Shiller PE Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg AS ranks #122 out of 126 companies for Shiller PE Ratio. This places Carlsberg AS in the lower half of its industry. The industry median Shiller PE Ratio is 16.63. Carlsberg AS's value of 273.14 is 1542.9% above this benchmark. Historically, Carlsberg AS's own Shiller PE Ratio has ranged from 22.67 to 282.44 over the past decade. While the company's 10-year median is 31.90 vs. the industry median of 16.63, Carlsberg AS 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 Shiller PE Ratio for a Beverages - Alcoholic company?
The median Shiller PE Ratio among Beverages - Alcoholic companies is 16.63, based on 126 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg AS's current Shiller PE Ratio of 273.14 is 1542.9% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Carlsberg AS and its competitors. For the Beverages - Alcoholic industry, the median Shiller PE Ratio is 16.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg AS's current Shiller PE Ratio is 273.14, which is 756% above median its own 10-year median of 31.90. 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:0AI3) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,279.45, compared to a current price of kr1,062.50 — trading 17% below its estimated fair value. The current Shiller PE Ratio is 273.14, which is 756% above median its 10-year median of 31.90 and 1542.9% above the Beverages - Alcoholic industry median of 16.63. Carlsberg AS's overall GF Score™ is 80/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Carlsberg AS (LTS:0AI3), the current Shiller PE Ratio is 273.14 as of Sep. 08, 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:0AI3) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg AS stock appears to be undervalued.
The current stock price of kr1,062.50 is trading 17% below its estimated GF Value™ of kr1,279.45.
GuruFocus considers Carlsberg AS to be Modestly Undervalued.
Key valuation signals for LTS:0AI3:
Shiller PE Ratio: 273.14 (756% above median its 10-year median of 31.90)
GF Value™: kr1,279.45 vs. price of kr1,062.50 (17% below fair value)
Industry Position: 1542.9% above the Beverages - Alcoholic median (#122 of 126)
No single metric tells the full story. See the LTS:0AI3 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%).
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