Carlsberg A/S (VIE:CARL)

Carlsberg Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	16,388	15,243	12,780	16,472	17,960	21,943
Market Cap Growth	26.84%	19.27%	-22.41%	-8.29%	-18.15%	14.47%
Enterprise Value	25,321	24,178	16,630	19,959	21,151	25,445
Last Close Price	118.20	111.45	90.84	107.19	113.65	135.87
PE Ratio	13.68	19.12	10.46	-	-	23.83
PS Ratio	1.49	1.28	1.27	1.67	1.90	2.72
PB Ratio	4.40	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	9.40	9.16	7.02	11.57	8.97	13.29
EV/Sales Ratio	2.30	2.03	1.65	2.02	2.24	3.15
EV/EBITDA Ratio	11.16	9.96	8.62	10.69	11.27	13.87
EV/EBIT Ratio	15.45	14.22	11.64	14.32	15.12	19.65
EV/FCF Ratio	23.62	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	0.67	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)	5.94%	5.94%	5.92%	5.71%	5.38%	4.91%
Return on Invested Capital (ROIC)	10.67%	13.15%	16.05%	16.13%	13.73%	11.34%
Return on Capital Employed (ROCE)	12.00%	12.00%	15.80%	16.10%	15.60%	11.60%
Earnings Yield	7.31%	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	3.17%	-	3.98%	3.38%	3.19%	2.38%
Payout Ratio	39.93%	-	39.50%	-	-	46.55%
Buyback Yield / Dilution	2.04%	0.22%	2.59%	2.67%	2.84%	1.67%
Total Shareholder Return	5.21%	0.22%	6.57%	6.05%	6.03%	4.05%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.