Carlsberg A/S banner

Carlsberg A/S
CSE:CARL B

Watchlist Manager
Carlsberg A/S Logo
Carlsberg A/S
CSE:CARL B
Watchlist
Price: 812.8 DKK 0.89% Market Closed
Market Cap: kr107.8B

EV/S

1.8
Current
5%
Cheaper
vs 3-y average of 1.9

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.8
=
Enterprise Value
kr181.7B
/
Revenue
kr89.1B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.8
=
Enterprise Value
kr181.7B
/
Revenue
kr89.1B

Valuation Scenarios

Carlsberg A/S is trading below its 3-year average

If EV/S returns to its 3-Year Average (1.9), the stock would be worth kr859.5 (6% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+15%
Average Upside
11%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.8 kr812.8
0%
3-Year Average 1.9 kr859.5
+6%
5-Year Average 2 kr893.52
+10%
Industry Average 2.1 kr935.82
+15%
Country Average 2.1 kr935.82
+15%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
kr181.7B
/
Jan 2026
kr89.1B
=
1.8
Current
kr181.7B
/
Dec 2026
kr93.7B
=
1.9
Forward
kr181.7B
/
Dec 2027
kr97B
=
1.9
Forward
kr181.7B
/
Dec 2028
kr100.5B
=
1.8
Forward
kr181.7B
/
Dec 2029
kr106.1B
=
1.7
Forward
kr181.7B
/
Dec 2030
kr111.1B
=
1.6
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Denmark
Percentile
44th
Based on 439 companies
44th percentile
1.8
Low
0.1 — 0.8
Typical Range
0.8 — 3.5
High
3.5 —
Distribution Statistics
Denmark
Min 0.1
30th Percentile 0.8
Median 2.1
70th Percentile 3.5
Max 36.6

Carlsberg A/S
Glance View

Nestled in the heart of Copenhagen since 1847, Carlsberg A/S has traversed a storied path from its humble beginnings as a local brewery to becoming one of the globe's leading brewing enterprises. Founded by J.C. Jacobsen, the company's quest was not merely about producing beer but crafting a legacy of passion, precision, and innovation. Guided by a scientific approach to brewing, Carlsberg pioneered advancements that altered the industry's trajectory—including the development of purified yeast in the late 19th century. This relentless drive for excellence and modernization propelled Carlsberg beyond Danish borders, carving its name into the international scene. Today, Carlsberg continues to operate with a dynamic blend of tradition and modern business acumen. Its portfolio boasts well-known brands such as Tuborg and Kronenbourg, alongside its flagship Carlsberg beer. The company generates revenue predominantly through the production, distribution, and marketing of a diverse range of beer and beverage offerings. With strategic acquisitions and the expansion of its operations into emerging markets across Asia and Eastern Europe, Carlsberg leverages its global distribution network to penetrate competitive beer markets. In balancing cost management with sustainable practices, Carlsberg has carved a unique niche, aligning its business operations with the growing demand for environmentally responsible and high-quality beverages. Through these thoughtful strategies, Carlsberg maintains its venerable status in the ever-competitive brewing industry.

CARL B Intrinsic Value
1 393.63 DKK
Undervaluation 42%
Intrinsic Value
Price kr812.8
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett