Question 1

What is Coca-Cola's P/FCF ratio?

Accepted Answer

Coca-Cola (KO) P/FCF ratio is 27.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Coca-Cola?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Coca-Cola specifically, the relevant sector benchmark is the current sector median of 16.8×.

Question 5

Is Coca-Cola's P/FCF ratio high or low?

Accepted Answer

Coca-Cola's P/FCF ratio of 27.3× is below its own 5-year average of 34.1× and above the sector median of 16.8×. That places the current reading at the 53th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Coca-Cola's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Coca-Cola (KO) P/FCF ratio has ranged from a low of 16.6× in 2010 to a high of 88.8× in 2025. The 5-year average is 34.1× and the 5-year median is 26.9×.

Question 7

What was Coca-Cola's P/FCF ratio in 2025?

Accepted Answer

Coca-Cola (KO) P/FCF ratio at the end of 2025 was 56.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Coca-Cola's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$300.75B	$5.30B	56.8×	+0.2×	Dec 31, 2025
2024	$268.28B	$4.74B	56.6×	+30.5×	Dec 31, 2024
2023	$254.40B	$9.75B	26.1×	-2.8×	Dec 31, 2023
2022	$275.18B	$9.53B	28.9×	+6.1×	Dec 31, 2022
2021	$255.85B	$11.26B	22.7×	-4.5×	Dec 31, 2021
2020	$235.81B	$8.67B	27.2×	-1.0×	Dec 31, 2020
2019	$237.01B	$8.42B	28.2×	-4.0×	Dec 31, 2019
2018	$201.81B	$6.28B	32.1×	-3.9×	Dec 31, 2018
2017	$195.49B	$5.43B	36.0×	+8.7×	Dec 31, 2017
2016	$178.40B	$6.53B	27.3×	+3.9×	Dec 31, 2016
2015	$186.27B	$7.97B	23.4×	+0.9×	Dec 31, 2015
2014	$184.71B	$8.21B	22.5×	-0.3×	Dec 31, 2014
2013	$182.18B	$7.99B	22.8×	+2.2×	Dec 31, 2013
2012	$162.36B	$7.87B	20.6×	-3.6×	Dec 31, 2012
2011	$158.68B	$6.55B	24.2×	+3.4×	Dec 31, 2011
2010	$152.02B	$7.32B	20.8×	-0.5×	Dec 31, 2010
2009	$131.90B	$6.19B	21.3×	+2.6×	Dec 31, 2009
2008	$104.69B	$5.60B	18.7×	-7.2×	Dec 31, 2008
2007	$142.16B	$5.50B	25.8×	+1.2×	Dec 31, 2007
2006	$112.01B	$4.55B	24.6×	+7.4×	Dec 31, 2006
2005	$95.36B	$5.52B	17.3×	-2.0×	Dec 31, 2005
2004	$100.31B	$5.21B	19.2×	-7.4×	Dec 31, 2004
2003	$123.85B	$4.64B	26.7×	-1.1×	Dec 31, 2003
2002	$108.24B	$3.89B	27.8×	-7.2×	Dec 31, 2002
2001	$117.14B	$3.34B	35.1×	—	Dec 31, 2001


Tyson Foods (TSN)	18.4×
Colgate-Palmolive (CL)	18.2×
Kenvue (KVUE)	18.1×
Hormel Foods (HRL)	17.1×
Universal Corporation (UVV)	16.5×
Marzetti (MZTI)	15.3×
Constellation Brands (STZ)	15.3×
General Mills (GIS)	14.9×
Target (TGT)	14.1×
Brown-Forman (BF-B)	13.2×
Altria Group (MO)	12.8×
Performance Food Group (PFGC)	12.7×
Kimberly-Clark (KMB)	12.4×
Dollar Tree (DLTR)	12.0×
J. M. Smucker (SJM)	11.5×
Kroger (KR)	11.2×
Conagra Brands (CAG)	10.7×
Lamb Weston (LW)	10.3×
Campbell Soup (CPB)	8.9×
Dollar General (DG)	8.7×
Coca-Cola Europacific Partners (CCEP)	8.3×
Archer-Daniels-Midland (ADM)	7.3×
Molson Coors Beverage (TAP)	7.0×
Kraft Heinz (KHC)	6.6×
Albertsons Companies (ACI)	4.4×

P/FCF Ratio for Coca-Cola (KO)

P/FCF Ratio daily chart for Coca-Cola (KO)

Historical P/FCF Ratio for Coca-Cola (KO) from 2001 to 2025

About P/FCF Ratio at Coca-Cola (KO)

Coca-Cola P/FCF Ratio by Year

Coca-Cola P/FCF Ratio 2025: 56.8×

Coca-Cola P/FCF Ratio 2024: 56.6×

Coca-Cola P/FCF Ratio 2023: 26.1×

Coca-Cola P/FCF Ratio 2022: 28.9×

Coca-Cola P/FCF Ratio 2021: 22.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Coca-Cola (KO) Key Financials

P/FCF Ratio daily chart for Coca-Cola (KO)

Historical P/FCF Ratio for Coca-Cola (KO) from 2001 to 2025

About P/FCF Ratio at Coca-Cola (KO)

Coca-Cola P/FCF Ratio by Year

Coca-Cola P/FCF Ratio 2025: 56.8×

Coca-Cola P/FCF Ratio 2024: 56.6×

Coca-Cola P/FCF Ratio 2023: 26.1×

Coca-Cola P/FCF Ratio 2022: 28.9×

Coca-Cola P/FCF Ratio 2021: 22.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Coca-Cola's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Coca-Cola?

+Is Coca-Cola's P/FCF ratio high or low?

+What is Coca-Cola's historical P/FCF ratio range?

+What was Coca-Cola's P/FCF ratio in 2025?

+Why does Coca-Cola's P/FCF ratio change over time?

Coca-Cola (KO) Key Financials