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Carlsberg A/S
OTC:CABHF

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Carlsberg A/S
OTC:CABHF
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Price: 149.1 USD
Market Cap: $14.5B

EV/EBITDA

8.9
Current
6%
Cheaper
vs 3-y average of 9.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.9
=
Enterprise Value
$181.7B
/
EBITDA
kr18B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.9
=
Enterprise Value
$181.7B
/
EBITDA
kr18B

Valuation Scenarios

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

If EV/EBITDA returns to its 3-Year Average (9.4), the stock would be worth $158.2 (6% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+16%
Average Upside
12%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.9 $149.1
0%
3-Year Average 9.4 $158.2
+6%
5-Year Average 9.7 $162.6
+9%
Industry Average 10.3 $173.12
+16%
Country Average 10.3 $173.12
+16%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$181.7B
/
Jan 2026
kr18B
=
8.9
Current
$181.7B
/
Dec 2026
kr20.1B
=
9.1
Forward
$181.7B
/
Dec 2027
kr21.3B
=
8.5
Forward
$181.7B
/
Dec 2028
kr22.4B
=
8.1
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

Lower than 91% of companies in Denmark
Percentile
9th
Based on 396 companies
9th percentile
1.3
Low
0.6 — 5.1
Typical Range
5.1 — 16.4
High
16.4 —
Distribution Statistics
Denmark
Min 0.6
30th Percentile 5.1
Median 10.3
70th Percentile 16.4
Max 10 882.4

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.

CABHF Intrinsic Value
258.58 USD
Undervaluation 42%
Intrinsic Value
Price $149.1
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