The Coca-Cola Company Ratios | P/E, ROE & Valuation

On the Key Ratios page for The Coca-Cola Company (KO), the latest P/E of 25.6 frames valuation, while ROE 43.62% and ROIC 13.88% indicates profitability and capital efficiency. Together with the current ratio of 1.36 and debt-to-equity 1.30, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

KO Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$11.46$10.92$10.58$9.94$8.96$7.69$8.72$8.05$8.48$9.70
Net Income per Share$3.18$2.47$2.48$2.20$2.26$1.80$2.09$1.51$0.29$1.51
Operating Cash Flow per Share$3.40$1.58$2.68$2.55$2.93$2.29$2.45$1.79$1.66$2.04
Free Cash Flow per Share$2.92$1.10$2.25$2.20$2.61$2.02$1.97$1.43$1.27$1.51
Cash per Share$2.58$3.38$3.16$2.69$2.93$2.54$2.61$3.78$4.84$5.14
Book Value per Share$8.31$6.12$6.36$5.97$5.76$4.96$4.93$4.47$4.44$5.38
Tangible Book Value per Share$1.83$-1.18$-1.33$-1.80$-2.26$-1.69$-1.33$-0.59$0.55$0.48
Interest Debt per Share$10.58$11.00$10.40$9.59$10.62$10.68$10.55$10.60$11.36$10.76
CAPEX per Share$0.48$0.48$0.43$0.34$0.32$0.27$0.48$0.36$0.39$0.52

KO Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)25.5725.2423.7828.8526.1530.426.5331.34157.0527.42
Price to Book (P/B)10.4310.799.8211.4211.1112.212.4711.8811.487.76
Price to Sales (P/S)7.125.75.576.46.617.136.355.885.414.28
Enterprise Value to EBITDA19.9719.1718.5122.1618.7421.4720.9523.0826.420.28
EV to Sales7.86.446.317.127.58.277.366.96.565.16
EV to Operating Cash Flow26.2644.5524.927.8122.9727.7526.231.0533.4524.57
EV to Free Cash Flow30.5963.9529.6332.1425.7631.5232.5938.9543.7633.08
Enterprise Value$384.23B$303.19B$288.81B$306.39B$290.04B$273.16B$274.35B$236.80B$237.68B$216.14B

KO Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)43.62%42.77%41.30%39.59%42.48%40.14%46.99%37.89%7.31%28.30%
Return on Invested Capital (ROIC)13.88%10.46%11.54%11.73%10.25%9.47%11.21%9.83%1.87%9.08%
Return on Tangible Assets17.95%15.38%16.62%16.14%16.36%13.19%14.96%10.44%1.75%9.87%
Earnings Yield3.90%3.96%4.21%3.47%3.82%3.29%3.77%3.19%0.64%3.65%
Free Cash Flow Yield3.58%1.77%3.83%3.46%4.41%3.68%3.56%3.01%2.77%3.65%
Dividend Yield2.55%3.12%3.12%2.77%2.84%2.99%2.89%3.29%3.22%3.38%

KO Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio1.361.031.131.151.131.320.760.871.341.28
Interest Coverage8.816.037.4112.376.456.2610.669.639.0911.81
Income Quality1.070.641.081.151.291.271.171.186.011.34
Debt to Equity1.31.841.671.681.922.32.332.62.791.98
Debt to Assets42.11%45.49%44.45%43.77%46.88%50.88%51.12%53.13%54.25%52.38%
Net Debt to EBITDA1.732.212.182.252.232.962.883.424.633.49

KO Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover13.4113.1913.4212.3311.0110.59.389.319.8810.86
Payables Turnover1.313.353.313.393.343.823.844.8166.14
Inventory Turnover3.993.884.194.254.54.114.334.255.176.16
Days Sales Outstanding27.2227.6827.229.633.1634.7638.8939.2136.9633.62
Days Payables Outstanding278.95108.92110.17107.61109.3895.5694.9875.9560.8659.46
Days of Inventory on Hand91.5794.1887.1985.8481.1488.7484.3785.7870.6359.3

KO Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA19.9719.1718.5122.1618.7421.4720.9523.0826.420.28
Market Cap$350.91B$268.28B$254.75B$275.30B$255.49B$235.54B$236.68B$201.66B$196.00B$178.98B
Enterprise Value$384.23B$303.19B$288.81B$306.39B$290.04B$273.16B$274.35B$236.80B$237.68B$216.14B
Dividend Yield2.55%3.12%3.12%2.77%2.84%2.99%2.89%3.29%3.22%3.38%
Payout Ratio80.07%78.63%74.22%79.82%74.22%90.96%76.74%103.26%506.41%92.58%

Frequently Asked Questions

Is The Coca-Cola Company stock overvalued based on its P/E ratio?

On this page, KO's current P/E is 25.6, compared with a multi-year average around 40.2. A lower P/E versus its own history is often interpreted as relatively cheaper valuation (all else equal). In practice, the "why" matters: check whether the lower multiple is supported by profitability and earnings quality (for example, ROE/ROIC and income quality in the table), or whether it reflects weaker fundamentals.

What is The Coca-Cola Company market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $350.91B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for The Coca-Cola Company compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to The Coca-Cola Company's own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does The Coca-Cola Company compare to its competitors in key financial ratios?

The fastest way to compare The Coca-Cola Company with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see The Coca-Cola Company outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is The Coca-Cola Company financially strong based on its ratios?

To assess whether The Coca-Cola Company is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 1.36, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 8.81, implying a stronger ability to cover interest expenses. Debt-to-equity is about 1.30, suggesting leverage is more moderate relative to a high-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do The Coca-Cola Company's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If The Coca-Cola Company is sustaining strong returns (for example ROE at 43.62% and ROIC at 13.88%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.