Question 1

What is PepsiCo's P/S ratio?

Accepted Answer

PepsiCo (PEP) P/S ratio is 1.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for PepsiCo?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For PepsiCo specifically, the relevant sector benchmark is the current sector median of 1.4×.

Question 5

Is PepsiCo's P/S ratio high or low?

Accepted Answer

PepsiCo's P/S ratio of 1.9× is below its own 5-year average of 2.5× and above the sector median of 1.4×. That places the current reading at the 0th 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 PepsiCo's historical P/S ratio range?

Accepted Answer

In the available daily series, PepsiCo (PEP) P/S ratio has ranged from a low of 1.5× in 2012 to a high of 3.7× in 2002. The 5-year average is 2.5× and the 5-year median is 2.6×.

Question 7

What was PepsiCo's P/S ratio in 2025?

Accepted Answer

PepsiCo (PEP) P/S ratio at the end of 2025 was 2.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does PepsiCo's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$197B	$93.9B	2.1×	-0.2×	Dec 27, 2025
2024	$209B	$91.9B	2.3×	-0.3×	Dec 31, 2024
2023	$233B	$91.5B	2.6×	-0.3×	Dec 31, 2023
2022	$249B	$86.4B	2.9×	-0.1×	Dec 31, 2022
2021	$240B	$79.5B	3.0×	+0.1×	Dec 31, 2021
2020	$205B	$70.4B	2.9×	+0.1×	Dec 31, 2020
2019	$190B	$67.2B	2.8×	+0.4×	Dec 31, 2019
2018	$156B	$64.7B	2.4×	-0.3×	Dec 31, 2018
2017	$170B	$63.5B	2.7×	+0.3×	Dec 31, 2017
2016	$149B	$62.8B	2.4×	+0.1×	Dec 31, 2016
2015	$145B	$63.1B	2.3×	+0.2×	Dec 31, 2015
2014	$141B	$66.7B	2.1×	+0.2×	Dec 31, 2014
2013	$127B	$66.4B	1.9×	+0.3×	Dec 31, 2013
2012	$106B	$65.5B	1.6×	+0.0×	Dec 31, 2012
2011	$105B	$66.5B	1.6×	-0.2×	Dec 31, 2011
2010	$103B	$57.8B	1.8×	-0.4×	Dec 31, 2010
2009	$94.9B	$43.2B	2.2×	+0.2×	Dec 31, 2009
2008	$84.7B	$43.3B	2.0×	-1.1×	Dec 31, 2008
2007	$122B	$39.5B	3.1×	+0.2×	Dec 31, 2007
2006	$102B	$35B	2.9×	-0.1×	Dec 31, 2006
2005	$99B	$32.6B	3.0×	+0.1×	Dec 31, 2005
2004	$86.9B	$29.3B	3.0×	+0.0×	Dec 31, 2004
2003	$79.4B	$27B	2.9×	+0.0×	Dec 31, 2003
2002	$73B	$25.2B	2.9×	—	Dec 31, 2002


Clorox (CLX)	1.9×
Estée Lauder Companies (EL)	1.8×
McCormick & Company (MKC)	1.7×
Costco (COST)	1.5×
Walmart (WMT)	1.4×
J. M. Smucker (SJM)	1.2×
Kraft Heinz (KHC)	1.0×
Lamb Weston (LW)	1.0×
General Mills (GIS)	1.0×
Hormel Foods (HRL)	1.0×
Dollar Tree (DLTR)	0.9×
Coca-Cola Europacific Partners (CCEP)	0.9×
Molson Coors Beverage (TAP)	0.7×
Campbell Soup (CPB)	0.6×
Dollar General (DG)	0.6×
Conagra Brands (CAG)	0.6×
Target (TGT)	0.5×
Sysco (SYY)	0.5×
Universal Corporation (UVV)	0.5×
Archer-Daniels-Midland (ADM)	0.4×
Tyson Foods (TSN)	0.4×
Bunge Global S.A. (BG)	0.3×
Kroger (KR)	0.3×
Performance Food Group (PFGC)	0.2×
Albertsons Companies (ACI)	0.1×

P/S Ratio for PepsiCo (PEP) 2002-2026

P/S Ratio daily chart for PepsiCo (PEP)

Historical P/S Ratio for PepsiCo (PEP) from 2002 to 2025

About P/S Ratio at PepsiCo (PEP)

PepsiCo P/S Ratio by Year

PepsiCo P/S Ratio 2025: 2.1×

PepsiCo P/S Ratio 2024: 2.3×

PepsiCo P/S Ratio 2023: 2.6×

PepsiCo P/S Ratio 2022: 2.9×

PepsiCo P/S Ratio 2021: 3.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

PepsiCo (PEP) Key Financials