Price to Earnings (P/E)
since 2005
Calculation
Coca-Cola Co., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to shareowners of The Coca-Cola Company1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 20, 2024 | 24.43 | = | 60.70 | ÷ | 2.48 | 2.48 | = | 10,714 | ÷ | 4,312,456,168 | |
| Feb 21, 2023 | 27.12 | = | 59.80 | ÷ | 2.21 | 2.21 | = | 9,542 | ÷ | 4,326,691,783 | |
| Feb 22, 2022 | 27.63 | = | 62.28 | ÷ | 2.25 | 2.25 | = | 9,771 | ÷ | 4,335,473,308 | |
| Feb 25, 2021 | 27.91 | = | 50.17 | ÷ | 1.80 | 1.80 | = | 7,747 | ÷ | 4,309,311,676 | |
| Feb 24, 2020 | 28.21 | = | 58.65 | ÷ | 2.08 | 2.08 | = | 8,920 | ÷ | 4,290,276,067 | |
| Feb 21, 2019 | 30.47 | = | 45.86 | ÷ | 1.50 | 1.50 | = | 6,434 | ÷ | 4,275,340,031 | |
| Feb 23, 2018 | 150.54 | = | 44.04 | ÷ | 0.29 | 0.29 | = | 1,248 | ÷ | 4,265,906,533 | |
| Feb 24, 2017 | 27.48 | = | 41.78 | ÷ | 1.52 | 1.52 | = | 6,527 | ÷ | 4,293,461,702 | |
| Feb 25, 2016 | 26.01 | = | 44.16 | ÷ | 1.70 | 1.70 | = | 7,351 | ÷ | 4,329,497,778 | |
| Feb 25, 2015 | 25.87 | = | 42.05 | ÷ | 1.63 | 1.63 | = | 7,098 | ÷ | 4,366,243,616 | |
| Feb 27, 2014 | 19.54 | = | 38.07 | ÷ | 1.95 | 1.95 | = | 8,584 | ÷ | 4,405,893,150 | |
| Feb 27, 2013 | 19.00 | = | 38.45 | ÷ | 2.02 | 2.02 | = | 9,019 | ÷ | 4,456,717,996 | |
| Feb 23, 2012 | 18.27 | = | 34.59 | ÷ | 1.89 | 1.89 | = | 8,572 | ÷ | 4,526,408,442 | |
| Feb 28, 2011 | 12.42 | = | 31.96 | ÷ | 2.57 | 2.57 | = | 11,809 | ÷ | 4,588,633,662 | |
| Feb 26, 2010 | 17.81 | = | 26.36 | ÷ | 1.48 | 1.48 | = | 6,824 | ÷ | 4,610,247,876 | |
| Feb 26, 2009 | 16.37 | = | 20.54 | ÷ | 1.25 | 1.25 | = | 5,807 | ÷ | 4,629,316,324 | |
| Feb 28, 2008 | 23.10 | = | 29.73 | ÷ | 1.29 | 1.29 | = | 5,981 | ÷ | 4,648,024,084 | |
| Feb 21, 2007 | 21.69 | = | 23.79 | ÷ | 1.10 | 1.10 | = | 5,080 | ÷ | 4,630,577,016 | |
| Feb 28, 2006 | 20.40 | = | 20.99 | ÷ | 1.03 | 1.03 | = | 4,872 | ÷ | 4,735,766,494 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Coca-Cola Co. Annual Report.
Comparison to Competitors
Coca-Cola Co., P/E, long-term trends, comparison to competitors
| Coca-Cola Co. | Altria Group Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Feb 20, 2024 | 24.43 | 8.87 | 25.40 | 17.69 |
| Feb 21, 2023 | 27.12 | 14.42 | 26.71 | 17.54 |
| Feb 22, 2022 | 27.63 | 37.80 | 30.58 | 18.37 |
| Feb 25, 2021 | 27.91 | 18.14 | 26.15 | 16.55 |
| Feb 24, 2020 | 28.21 | — | 27.83 | 18.94 |
| Feb 21, 2019 | 30.47 | 14.03 | 13.01 | 15.08 |
| Feb 23, 2018 | 150.54 | 11.90 | 32.81 | 26.52 |
| Feb 24, 2017 | 27.48 | 10.16 | 24.09 | 22.84 |
| Feb 25, 2016 | 26.01 | 23.30 | 25.72 | 20.57 |
| Feb 25, 2015 | 25.87 | 21.61 | 22.86 | 17.14 |
| Feb 27, 2014 | 19.54 | 15.57 | 17.66 | 14.60 |
| Feb 27, 2013 | 19.00 | 16.38 | 18.84 | 17.49 |
| Feb 23, 2012 | 18.27 | 17.83 | 15.45 | 16.64 |
| Feb 28, 2011 | 12.42 | 13.36 | 15.93 | 15.41 |
| Feb 26, 2010 | 17.81 | 13.15 | 16.49 | 14.53 |
| Feb 26, 2009 | 16.37 | 6.47 | 15.82 | 9.95 |
| Feb 28, 2008 | 23.10 | 15.90 | 20.35 | — |
| Feb 21, 2007 | 21.69 | 14.72 | 18.79 | — |
| Feb 28, 2006 | 20.40 | 14.77 | 24.28 | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Coca-Cola Co., P/E, long-term trends, comparison to sector (food, beverage & tobacco)
| Coca-Cola Co. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 20, 2024 | 24.43 | 19.66 |
| Feb 21, 2023 | 27.12 | 22.20 |
| Feb 22, 2022 | 27.63 | 26.36 |
| Feb 25, 2021 | 27.91 | 22.52 |
| Feb 24, 2020 | 28.21 | 30.29 |
| Feb 21, 2019 | 30.47 | 17.03 |
| Feb 23, 2018 | 150.54 | 28.12 |
| Feb 24, 2017 | 27.48 | 18.66 |
| Feb 25, 2016 | 26.01 | 23.87 |
| Feb 25, 2015 | 25.87 | 21.80 |
| Feb 27, 2014 | 19.54 | 16.97 |
| Feb 27, 2013 | 19.00 | 18.11 |
| Feb 23, 2012 | 18.27 | 17.02 |
| Feb 28, 2011 | 12.42 | 14.04 |
| Feb 26, 2010 | 17.81 | 15.86 |
| Feb 26, 2009 | 16.37 | 12.16 |
| Feb 28, 2008 | 23.10 | 19.08 |
| Feb 21, 2007 | 21.69 | 17.29 |
| Feb 28, 2006 | 20.40 | 18.18 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Coca-Cola Co., P/E, long-term trends, comparison to industry (consumer staples)
| Coca-Cola Co. | Consumer Staples | |
|---|---|---|
| Feb 20, 2024 | 24.43 | 24.77 |
| Feb 21, 2023 | 27.12 | 24.15 |
| Feb 22, 2022 | 27.63 | 26.41 |
| Feb 25, 2021 | 27.91 | 23.72 |
| Feb 24, 2020 | 28.21 | 35.36 |
| Feb 21, 2019 | 30.47 | 19.78 |
| Feb 23, 2018 | 150.54 | 20.76 |
| Feb 24, 2017 | 27.48 | 18.52 |
| Feb 25, 2016 | 26.01 | 24.05 |
| Feb 25, 2015 | 25.87 | 19.53 |
| Feb 27, 2014 | 19.54 | 17.05 |
| Feb 27, 2013 | 19.00 | 16.69 |
| Feb 23, 2012 | 18.27 | 14.76 |
| Feb 28, 2011 | 12.42 | 14.38 |
| Feb 26, 2010 | 17.81 | 14.57 |
| Feb 26, 2009 | 16.37 | 14.88 |
| Feb 28, 2008 | 23.10 | 18.95 |
| Feb 21, 2007 | 21.69 | 18.63 |
| Feb 28, 2006 | 20.40 | 18.75 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).