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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Carlsberg AS's current 3-Year Share Buyback Ratio was 1.30%.
The historical rank and industry rank for Carlsberg AS's 3-Year Share Buyback Ratio or its related term are showing as below:
LTS:0AI4'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -49 Med: 0 Max: 27.1
Current: 1.3
During the past 13 years, Carlsberg AS's highest 3-Year Share Buyback Ratio was 27.10%. The lowest was -49.00%. And the median was 0.00%.
LTS:0AI4's 3-Year Share Buyback Ratio is ranked better than 88.66% of 97
companies
in the Beverages - Alcoholic industry
Industry Median: -0.4
vs LTS:0AI4: 1.30
Carlsberg AS (LTS:0AI4) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Carlsberg AS 3-Year Share Buyback Ratio Related Terms
LTS:0AI4 vs STZ, TAP: 3-Year Share Buyback Ratio Comparison
For the Beverages - Brewers subindustry, Carlsberg AS's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Carlsberg AS's 3-Year Share Buyback Ratio falls into.
Carlsberg AS 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 1.30 mean?
Carlsberg AS (LTS:0AI4) has a 3-Year Share Buyback Ratio of 1.30 as of Dec. 2025. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Carlsberg AS and its competitors. According to the industry distribution chart, Carlsberg AS ranks #11 out of 97 companies in the Beverages - Alcoholic industry, placing it in the top 11.3%.
Is Carlsberg AS's 3-Year Share Buyback Ratio too high?
Carlsberg AS's current 3-Year Share Buyback Ratio is 1.30. Based on the distribution chart, Carlsberg AS ranks #11 out of 97 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position 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 3-Year Share Buyback Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg AS ranks #11 out of 97 companies for 3-Year Share Buyback Ratio. This places Carlsberg AS in the top 11% 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 Share Buyback Ratio for a Beverages - Alcoholic company?
A good 3-Year Share Buyback Ratio depends on the Beverages - Alcoholic industry context. However, 3-Year Share Buyback Ratio 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 Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Carlsberg AS and its competitors. Carlsberg AS's current 3-Year Share Buyback Ratio is 1.30. 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 kr1,102.82, compared to a current price of kr910.70 — trading 17.4% below its estimated fair value. The current 3-Year Share Buyback Ratio is 1.30. Carlsberg AS's overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Carlsberg AS (LTS:0AI4), the current 3-Year Share Buyback Ratio is 1.30 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 AS (LTS:0AI4) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg AS stock appears to be undervalued.
The current stock price of kr910.70 is trading 17.4% below its estimated GF Value™ of kr1,102.82.
GuruFocus considers Carlsberg AS to be Modestly Undervalued.
Key valuation signals for LTS:0AI4:
3-Year Share Buyback Ratio: 1.30
GF Value™: kr1,102.82 vs. price of kr910.70 (17.4% below fair value)
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%).
80GF Score
Get the complete analysis for LTS:0AI4
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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