Carlsberg A/S (LON:0AI4)

Carlsberg Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	15,915	13,298	10,569	14,294	15,931	18,429
Market Cap Growth	39.85%	25.82%	-26.06%	-10.27%	-13.56%	7.31%
Enterprise Value	23,365	21,092	13,753	17,320	18,760	21,371
Last Close Price	117.77	97.56	74.26	93.00	100.35	114.60
PE Ratio	22.88	19.12	10.46	-	-	23.83
PS Ratio	1.53	1.28	1.27	1.67	1.90	2.72
PB Ratio	4.44	3.71	3.11	4.77	3.85	3.35
P/FCF Ratio	18.15	15.17	10.71	18.25	12.28	19.48
P/OCF Ratio	10.96	9.16	7.02	11.57	8.97	13.29
EV/Sales Ratio	2.25	2.03	1.65	2.02	2.24	3.15
EV/EBITDA Ratio	10.68	10.33	8.62	10.69	11.27	13.87
EV/EBIT Ratio	15.15	14.37	11.64	14.32	15.12	19.65
EV/FCF Ratio	26.65	24.05	13.93	22.12	14.46	22.59
Debt / Equity Ratio	2.30	2.30	1.25	1.52	0.83	0.59
Debt / EBITDA Ratio	3.90	3.90	2.55	2.72	2.00	2.06
Debt / FCF Ratio	9.41	9.41	4.28	5.81	2.63	3.45
Asset Turnover	0.67	0.67	0.66	0.65	0.58	0.49
Inventory Turnover	7.48	7.48	6.91	7.07	6.88	6.30
Quick Ratio	0.43	0.43	0.42	0.50	0.33	0.38
Current Ratio	0.60	0.60	0.57	0.64	0.70	0.53
Return on Equity (ROE)	22.77%	22.77%	28.41%	26.36%	19.61%	18.00%
Return on Assets (ROA)	5.86%	5.86%	5.90%	5.71%	5.38%	4.91%
Return on Invested Capital (ROIC)	10.56%	13.02%	16.05%	16.13%	13.73%	11.34%
Return on Capital Employed (ROCE)	11.90%	11.90%	15.70%	16.10%	15.60%	11.60%
Earnings Yield	4.37%	5.23%	9.56%	-33.22%	-0.80%	4.20%
FCF Yield	5.51%	6.59%	9.34%	5.48%	8.15%	5.13%
Dividend Yield	0.31%	3.47%	4.03%	3.38%	3.21%	2.37%
Payout Ratio	59.93%	59.93%	39.50%	-	-	46.55%
Buyback Yield / Dilution	1.28%	0.29%	2.59%	2.67%	2.84%	1.67%
Total Shareholder Return	1.59%	3.76%	6.62%	6.05%	6.05%	4.04%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.