Question 1

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

Accepted Answer

Coca-Cola (KO) P/B ratio is 10.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

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

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Coca-Cola specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

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

Accepted Answer

Coca-Cola's P/B ratio of 10.5× is above its own 5-year average of 10.5× and above the sector median of 3.4×. That places the current reading at the 46th 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/B ratio range?

Accepted Answer

In the available daily series, Coca-Cola (KO) P/B ratio has ranged from a low of 4.4× in 2011 to a high of 12.8× in 2025. The 5-year average is 10.5× and the 5-year median is 10.6×.

Question 7

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

Accepted Answer

Coca-Cola (KO) P/B ratio at the end of 2025 was 9.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$301B	$32.2B	9.3×	-1.4×	Dec 31, 2025
2024	$268B	$24.9B	10.8×	+1.0×	Dec 31, 2024
2023	$254B	$25.9B	9.8×	-1.6×	Dec 31, 2023
2022	$275B	$24.1B	11.4×	+0.3×	Dec 31, 2022
2021	$256B	$23B	11.1×	-1.1×	Dec 31, 2021
2020	$236B	$19.3B	12.2×	-0.3×	Dec 31, 2020
2019	$237B	$19B	12.5×	+0.6×	Dec 31, 2019
2018	$202B	$17B	11.9×	+0.4×	Dec 31, 2018
2017	$195B	$17.1B	11.5×	+3.7×	Dec 31, 2017
2016	$178B	$23.1B	7.7×	+0.4×	Dec 31, 2016
2015	$186B	$25.6B	7.3×	+1.2×	Dec 31, 2015
2014	$185B	$30.3B	6.1×	+0.6×	Dec 31, 2014
2013	$182B	$33.2B	5.5×	+0.5×	Dec 31, 2013
2012	$162B	$32.8B	5.0×	-0.1×	Dec 31, 2012
2011	$159B	$31.6B	5.0×	+0.1×	Dec 31, 2011
2010	$152B	$31B	4.9×	-0.4×	Dec 31, 2010
2009	$132B	$24.8B	5.3×	+0.2×	Dec 31, 2009
2008	$105B	$20.5B	5.1×	-1.4×	Dec 31, 2008
2007	$142B	$21.7B	6.5×	-0.1×	Dec 31, 2007
2006	$112B	$16.9B	6.6×	+0.8×	Dec 31, 2006
2005	$95.4B	$16.4B	5.8×	-0.5×	Dec 31, 2005
2004	$100B	$15.9B	6.3×	-2.5×	Dec 31, 2004
2003	$124B	$14.1B	8.8×	-0.4×	Dec 31, 2003
2002	$108B	$11.8B	9.2×	—	Dec 31, 2002


Albertsons Companies (ACI)	5.0×
Coca-Cola Europacific Partners (CCEP)	4.4×
Marzetti (MZTI)	3.6×
Lamb Weston (LW)	3.6×
Target (TGT)	3.6×
Tootsie Roll Industries (TR)	3.4×
Kenvue (KVUE)	3.1×
Brown-Forman (BF-B)	2.9×
Mondelez International (MDLZ)	2.9×
Dollar General (DG)	2.9×
Constellation Brands (STZ)	2.8×
Performance Food Group (PFGC)	2.7×
General Mills (GIS)	2.5×
J. M. Smucker (SJM)	1.9×
McCormick & Company (MKC)	1.8×
Archer-Daniels-Midland (ADM)	1.5×
Bunge Global S.A. (BG)	1.5×
Campbell Soup (CPB)	1.5×
Hormel Foods (HRL)	1.5×
Keurig Dr Pepper (KDP)	1.4×
Tyson Foods (TSN)	1.2×
Conagra Brands (CAG)	1.0×
Universal Corporation (UVV)	0.9×
Molson Coors Beverage (TAP)	0.8×
Kraft Heinz (KHC)	0.6×

P/B Ratio for Coca-Cola (KO) 2002-2026

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

Historical P/B Ratio for Coca-Cola (KO) from 2002 to 2025

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

Coca-Cola P/B Ratio by Year

Coca-Cola P/B Ratio 2025: 9.3×

Coca-Cola P/B Ratio 2024: 10.8×

Coca-Cola P/B Ratio 2023: 9.8×

Coca-Cola P/B Ratio 2022: 11.4×

Coca-Cola P/B Ratio 2021: 11.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Coca-Cola (KO) Key Financials