Carlsberg

CARL.B · Nasdaq Copenhagen · DKK

kr 851.80Change from previous close: +0.42%Absolute change: +kr 3.60

Close · September 30, 2026

Valuation

Data as of October 2, 2026

Valuation multiples

Market cap
kr 111.29B
Enterprise value
kr 164.67B
P/E (trailing 12 months)
17.5
Forward P/E
12.1
PEG
3.59
Price/book
3.91
Price/sales
1.23
EV/EBITDA
8.95
EV/revenue
1.82

Profitability and growth

Gross margin
45.0%
Operating margin
14.6%
Net margin
7.1%
ROE
20.4%
ROA
5.3%
Revenue growth (year over year)
2.6%
Earnings growth (year over year)
13.0%

Financial health

Total cash
kr 9.65B
Total debt
kr 60.11B
Debt/equity
1.34
Current ratio
0.66
Quick ratio
0.51

Dividends

Annual dividend per share
kr 29.00
Dividend yield
3.4%
Payout ratio
60.2%
Ex-dividend date
March 17, 2026

Analysts and estimates

Average price target
kr 1,049.64
Median price target
kr 1,055.00
High price target
kr 1,520.00
Low price target
kr 792.00
Analysts with a price target
22
Consensus
Buy
Forward EPS
kr 69.65
EPS estimate, current year
kr 64.65

Shares and trading

Beta
0.66
Average volume
204.45K
Shares outstanding
98.47M
Float
92.4M
Institutional ownership
53.3%
Insider ownership
6.8%