Carlsberg A/S (CPH:CARL.B)
Denmark · Delayed Price · Currency is DKK 933.00
+32.40 (3.60%)
Oct 15, 2026, 4:59 PM CET
Carlsberg Ratios and Metrics
Market cap in millions DKK. Fiscal year is January - December.
Millions DKK. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 15, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 129,231 | 113,844 | 95,313 | 122,775 | 133,594 | 163,149 | |
Market Cap Growth | 21.40% | 19.44% | -22.37% | -8.10% | -18.12% | 14.35% |
Enterprise Value | 182,556 | 180,572 | 124,023 | 148,762 | 157,324 | 189,192 |
Last Close Price | 900.60 | 807.89 | 647.72 | 772.09 | 819.11 | 972.61 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 15, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 18.69 | 19.12 | 10.46 | - | - | 23.83 |
Forward PE | 13.41 | 13.49 | 11.88 | 15.09 | 16.83 | 21.73 |
PS Ratio | 1.38 | 1.28 | 1.27 | 1.67 | 1.90 | 2.72 |
PB Ratio | 2.78 | 3.71 | 3.11 | 4.77 | 3.85 | 3.35 |
P/FCF Ratio | 15.29 | 15.17 | 10.71 | 18.25 | 12.28 | 19.48 |
P/OCF Ratio | 8.95 | 9.16 | 7.02 | 11.57 | 8.97 | 13.29 |
PEG Ratio | 1.31 | 1.40 | 1.31 | 1.78 | 2.24 | 1.92 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 15, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
EV/Sales Ratio | 1.97 | 2.03 | 1.65 | 2.02 | 2.24 | 3.15 |
EV/EBITDA Ratio | 9.08 | 10.33 | 8.62 | 10.69 | 11.27 | 13.87 |
EV/EBIT Ratio | 12.72 | 14.37 | 11.64 | 14.32 | 15.12 | 19.65 |
EV/FCF Ratio | 21.82 | 24.05 | 13.93 | 22.12 | 14.46 | 22.59 |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 15, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Debt / Equity Ratio | 1.34 | 2.30 | 1.25 | 1.52 | 0.83 | 0.59 |
Debt / EBITDA Ratio | 3.16 | 3.90 | 2.55 | 2.72 | 2.00 | 2.06 |
Debt / FCF Ratio | 7.37 | 9.41 | 4.28 | 5.81 | 2.63 | 3.45 |
Net Debt / Equity Ratio | 1.13 | 1.99 | 0.87 | 0.91 | 0.59 | 0.42 |
Net Debt / EBITDA Ratio | 2.74 | 3.49 | 1.85 | 1.69 | 1.47 | 1.51 |
Net Debt / FCF Ratio | 6.18 | 8.13 | 2.98 | 3.49 | 1.88 | 2.46 |
Asset Turnover | 0.57 | 0.67 | 0.66 | 0.65 | 0.58 | 0.49 |
Inventory Turnover | 6.24 | 7.48 | 6.91 | 7.07 | 6.88 | 6.30 |
Quick Ratio | 0.51 | 0.43 | 0.42 | 0.50 | 0.33 | 0.38 |
Current Ratio | 0.66 | 0.60 | 0.57 | 0.64 | 0.70 | 0.53 |
Return on Equity (ROE) | 20.44% | 22.77% | 28.41% | 26.36% | 19.61% | 18.00% |
Return on Assets (ROA) | 5.27% | 5.86% | 5.90% | 5.71% | 5.38% | 4.91% |
Return on Invested Capital (ROIC) | 10.85% | 13.02% | 16.05% | 16.13% | 13.73% | 11.34% |
Return on Capital Employed (ROCE) | 12.30% | 11.90% | 15.70% | 16.10% | 15.60% | 11.60% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 15, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Earnings Yield | 5.13% | 5.23% | 9.56% | -33.22% | -0.80% | 4.20% |
FCF Yield | 6.54% | 6.59% | 9.34% | 5.48% | 8.15% | 5.13% |
Dividend Yield | 3.11% | 3.37% | 3.74% | 2.95% | 2.78% | 2.09% |
Payout Ratio | 60.11% | 59.93% | 39.50% | - | - | 46.55% |
Buyback Yield / Dilution | 0.06% | 0.29% | 2.59% | 2.67% | 2.84% | 1.67% |
Total Shareholder Return | 3.20% | 3.65% | 6.33% | 5.62% | 5.62% | 3.76% |