Valuation: Carlsberg A/S

Market Cap 118B 17.94B 15.8B 14.97B 13.52B 25.47B 1,720B 25.8B 179B 68.93B 880B 67.38B 65.91B 2,820B P/E 2026 *
13.9x
P/E 2027 * 12.8x
Enterprise Value 167B 25.3B 22.28B 21.11B 19.06B 35.92B 2,426B 36.38B 253B 97.2B 1,240B 95.01B 92.94B 3,976B EV / Sales 2026 *
1.8x
EV / Sales 2027 * 1.7x
Free-Float
69.6%
Yield 2026 *
3.68%
Yield 2027 * 3.98%
1 week-3.17%
Current month-7.09%
1 month-8.94%
3 months-2.48%
6 months+18.03%
Current year+10.44%
1 week 137.5
Extreme 137.5
142
1 month 137.5
Extreme 137.5
151
3 years 108
Extreme 108
177.5
Manager TitleAgeSince
Chief Executive Officer 49 01/09/2023
Director of Finance/CFO 53 01/01/2023
Chief Tech/Sci/R&D Officer - 03/06/2024
Director TitleAgeSince
Director/Board Member 62 01/01/2014
Director/Board Member 64 01/01/2019
Director/Board Member 67 01/01/2018
Change 5-day change 1-year change 3-year change Capi.($)
-1.79%-1.41%+15.55%-15.38% 17.97B
+4.18%+9.33%+125.30%+3,329.32% 311B
-0.12%-3.14%+28.58%+24.40% 146B
+0.59%+0.39%+27.05%+17.16% 44.96B
+0.49%-1.55%+5.12%-16.34% 43.07B
+0.15%-1.43%+12.00%-8.47% 20.44B
+0.26%-3.01%-16.05%-55.02% 19.26B
+0.42%-1.14%+15.30%-4.44% 17.97B
-0.69%-1.65%-11.22%-14.83% 14.67B
-1.16%-0.11%+31.04%+34.29% 14.24B
Average +0.44%-1.01%+23.27%+329.07% 70.23B
Weighted average by Cap. +2.09%+2.30%+69.83%+1,598.10%

Financials

2026 *2027 *
Net sales 92.36B 14.04B 12.36B 11.71B 10.57B 19.92B 1,346B 20.18B 140B 53.92B 688B 52.7B 51.55B 2,206B 95.83B 14.56B 12.82B 12.15B 10.97B 20.67B 1,396B 20.94B 145B 55.94B 714B 54.68B 53.49B 2,288B
Net income 7.89B 1.2B 1.06B 1B 903M 1.7B 115B 1.72B 11.97B 4.6B 58.76B 4.5B 4.4B 188B 8.57B 1.3B 1.15B 1.09B 981M 1.85B 125B 1.87B 13B 5B 63.81B 4.89B 4.78B 205B
Net Debt 48.42B 7.36B 6.48B 6.14B 5.54B 10.45B 706B 10.58B 73.45B 28.27B 361B 27.63B 27.03B 1,156B 44.56B 6.77B 5.96B 5.65B 5.1B 9.61B 649B 9.74B 67.59B 26.01B 332B 25.43B 24.87B 1,064B
Logo Carlsberg A/S
Carlsberg A/S is one of the world's leading beer producers. Net sales break down by activity as follows: - beer production and sales: 99 million hectoliters sold in 2025 primarily under the Carlsberg and Tuborg brands; - production, bottling, and distribution of non-alcoholic beverages: carbonated beverages, energy drinks, and mineral waters (49 million hectoliters sold in 2025). At the end of 2025, the group had 57 breweries located in Denmark, in Poland (3), in Germany (3), in the United Kingdom (2), in Western Europe (4), in China (27), in India (7), in Asia (3), and in Central/Eastern Europe (7). Net sales are distributed geographically as follows: Western Europe (58%), Asia (21.6%), and Eastern Europe/Central Europe/India (20.4%).
Employees
-
Sector
Brewers
Date Price Change
30/09/26 €137.50 -1.79%
29/09/26 €140.00 -.--%
28/09/26 €140.00 -0.71%
25/09/26 €141.00 -0.35%
24/09/26 €141.50 -0.35%
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
851.80DKK
Average target price
1,049.86DKK
Spread / Average Target
+23.25%

Quarterly revenue - Rate of surprise