Price to Sales (P/S)
since 2005
Calculation
PepsiCo Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 4, 2025 | 2.14 | = | 143.49 | ÷ | 66.97 | 66.97 | = | 91,854 | ÷ | 1,371,499,838 | |
| Feb 9, 2024 | 2.52 | = | 167.67 | ÷ | 66.55 | 66.55 | = | 91,471 | ÷ | 1,374,429,271 | |
| Feb 9, 2023 | 2.75 | = | 172.78 | ÷ | 62.73 | 62.73 | = | 86,392 | ÷ | 1,377,251,316 | |
| Feb 10, 2022 | 2.93 | = | 168.37 | ÷ | 57.45 | 57.45 | = | 79,474 | ÷ | 1,383,451,400 | |
| Feb 11, 2021 | 2.65 | = | 134.97 | ÷ | 51.01 | 51.01 | = | 70,372 | ÷ | 1,379,608,641 | |
| Feb 13, 2020 | 3.03 | = | 146.47 | ÷ | 48.33 | 48.33 | = | 67,161 | ÷ | 1,389,544,618 | |
| Feb 15, 2019 | 2.52 | = | 115.91 | ÷ | 46.03 | 46.03 | = | 64,661 | ÷ | 1,404,686,108 | |
| Feb 13, 2018 | 2.51 | = | 112.14 | ÷ | 44.74 | 44.74 | = | 63,525 | ÷ | 1,419,908,267 | |
| Feb 15, 2017 | 2.43 | = | 106.73 | ÷ | 44.00 | 44.00 | = | 62,799 | ÷ | 1,427,214,232 | |
| Feb 11, 2016 | 2.22 | = | 96.90 | ÷ | 43.62 | 43.62 | = | 63,056 | ÷ | 1,445,412,743 | |
| Feb 12, 2015 | 2.23 | = | 100.27 | ÷ | 44.98 | 44.98 | = | 66,683 | ÷ | 1,482,368,514 | |
| Feb 14, 2014 | 1.79 | = | 78.09 | ÷ | 43.62 | 43.62 | = | 66,415 | ÷ | 1,522,465,786 | |
| Feb 21, 2013 | 1.78 | = | 75.36 | ÷ | 42.45 | 42.45 | = | 65,492 | ÷ | 1,542,782,724 | |
| Feb 27, 2012 | 1.50 | = | 63.32 | ÷ | 42.34 | 42.34 | = | 66,504 | ÷ | 1,570,641,730 | |
| Feb 18, 2011 | 1.74 | = | 63.41 | ÷ | 36.46 | 36.46 | = | 57,838 | ÷ | 1,586,503,366 | |
| Feb 22, 2010 | 2.27 | = | 62.41 | ÷ | 27.54 | 27.54 | = | 43,232 | ÷ | 1,569,900,714 | |
| Feb 19, 2009 | 1.88 | = | 52.20 | ÷ | 27.79 | 27.79 | = | 43,251 | ÷ | 1,556,291,773 | |
| Feb 15, 2008 | 2.91 | = | 71.73 | ÷ | 24.64 | 24.64 | = | 39,474 | ÷ | 1,601,789,456 | |
| Feb 20, 2007 | 3.01 | = | 64.61 | ÷ | 21.45 | 21.45 | = | 35,137 | ÷ | 1,637,764,939 | |
| Feb 27, 2006 | 3.03 | = | 59.51 | ÷ | 19.65 | 19.65 | = | 32,562 | ÷ | 1,656,763,169 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 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 PepsiCo Inc. Annual Report.
- Share Price Trend
- The share price exhibited overall growth from 2006 through 2025, rising from $59.51 to a peak of $172.78 in 2023 before declining to $143.49 in 2025. Notable fluctuations include a decline in 2009 to $52.20, followed by a generally upward trajectory reaching a high in 2020 at $146.47. The most recent two years show a correction with a decrease of approximately 17% from the 2023 high.
- Sales Per Share Trend
- Sales per share showed a consistent upward trend across the analyzed period, increasing steadily from $19.65 in 2006 to $66.97 in 2025. There is no evident decline in sales per share in any year, indicating stable growth in revenue generated on a per-share basis over the long term.
- Price-to-Sales Ratio (P/S) Trend
- The P/S ratio demonstrated variability with a general declining trend during the period 2006 to 2012, moving from 3.03 down to 1.50. After 2012, the ratio showed a recovery and upward movement, reaching a peak of 3.03 again in 2020. The ratio then declined moderately to 2.14 by 2025. This fluctuation suggests varying market valuation sentiments relative to sales, with the highest market optimism recorded around 2020.
- Relationship Between Metrics
- While sales per share grew consistently, the share price’s more volatile pattern influenced the P/S ratio. The ratio’s low points correspond with periods of depressed share prices relative to sales, such as in 2009 and 2012, whereas high P/S ratios in 2020 coincide with peak share prices. The recent decrease in the P/S ratio indicates a relative decline in market valuation compared to sales, possibly reflecting market adjustments or investor caution despite ongoing growth in sales.
Comparison to Competitors
PepsiCo Inc., P/S, long-term trends, comparison to competitors
| PepsiCo Inc. | Coca-Cola Co. | Mondelēz International Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Feb 4, 2025 | 2.14 | 6.40 | 2.04 | 5.97 |
| Feb 9, 2024 | 2.52 | 5.72 | 2.87 | 3.93 |
| Feb 9, 2023 | 2.75 | 6.02 | 2.85 | 5.00 |
| Feb 10, 2022 | 2.93 | 6.99 | 3.24 | 5.33 |
| Feb 11, 2021 | 2.65 | 6.55 | 2.99 | 4.65 |
| Feb 13, 2020 | 3.03 | 6.75 | 3.25 | 4.57 |
| Feb 15, 2019 | 2.52 | 6.15 | 2.61 | 4.03 |
| Feb 13, 2018 | 2.51 | 5.31 | 2.42 | 5.57 |
| Feb 15, 2017 | 2.43 | 4.28 | 2.67 | 5.96 |
| Feb 11, 2016 | 2.22 | 4.32 | 2.11 | 5.28 |
| Feb 12, 2015 | 2.23 | 3.99 | 1.78 | 4.32 |
| Feb 14, 2014 | 1.79 | 3.58 | 1.63 | 4.01 |
| Feb 21, 2013 | 1.78 | 3.57 | 1.35 | 4.91 |
| Feb 27, 2012 | 1.50 | 3.36 | 1.23 | 4.60 |
| Feb 18, 2011 | 1.74 | 4.18 | 1.13 | 4.11 |
| Feb 22, 2010 | 2.27 | 3.92 | 1.06 | 3.68 |
| Feb 19, 2009 | 1.88 | 2.98 | 0.79 | 2.67 |
| Feb 15, 2008 | 2.91 | 4.79 | 1.30 | — |
| Feb 20, 2007 | 3.01 | 4.57 | 1.55 | — |
| Feb 27, 2006 | 3.03 | 4.30 | 1.50 | — |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
PepsiCo Inc., P/S, long-term trends, comparison to sector (food, beverage & tobacco)
| PepsiCo Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 4, 2025 | 2.14 | 3.74 |
| Feb 9, 2024 | 2.52 | 3.52 |
| Feb 9, 2023 | 2.75 | 3.87 |
| Feb 10, 2022 | 2.93 | 4.28 |
| Feb 11, 2021 | 2.65 | 3.88 |
| Feb 13, 2020 | 3.03 | 4.22 |
| Feb 15, 2019 | 2.52 | 3.59 |
| Feb 13, 2018 | 2.51 | 3.71 |
| Feb 15, 2017 | 2.43 | 3.56 |
| Feb 11, 2016 | 2.22 | 3.27 |
| Feb 12, 2015 | 2.23 | 2.95 |
| Feb 14, 2014 | 1.79 | 2.61 |
| Feb 21, 2013 | 1.78 | 2.72 |
| Feb 27, 2012 | 1.50 | 2.35 |
| Feb 18, 2011 | 1.74 | 2.45 |
| Feb 22, 2010 | 2.27 | 2.54 |
| Feb 19, 2009 | 1.88 | 1.95 |
| Feb 15, 2008 | 2.91 | 2.86 |
| Feb 20, 2007 | 3.01 | 2.88 |
| Feb 27, 2006 | 3.03 | 2.77 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
PepsiCo Inc., P/S, long-term trends, comparison to industry (consumer staples)
| PepsiCo Inc. | Consumer Staples | |
|---|---|---|
| Feb 4, 2025 | 2.14 | 1.67 |
| Feb 9, 2024 | 2.52 | 1.45 |
| Feb 9, 2023 | 2.75 | 1.54 |
| Feb 10, 2022 | 2.93 | 1.61 |
| Feb 11, 2021 | 2.65 | 1.49 |
| Feb 13, 2020 | 3.03 | 1.47 |
| Feb 15, 2019 | 2.52 | 1.24 |
| Feb 13, 2018 | 2.51 | 1.25 |
| Feb 15, 2017 | 2.43 | 1.26 |
| Feb 11, 2016 | 2.22 | 1.23 |
| Feb 12, 2015 | 2.23 | 1.18 |
| Feb 14, 2014 | 1.79 | 1.14 |
| Feb 21, 2013 | 1.78 | 1.10 |
| Feb 27, 2012 | 1.50 | 1.03 |
| Feb 18, 2011 | 1.74 | 1.08 |
| Feb 22, 2010 | 2.27 | 1.01 |
| Feb 19, 2009 | 1.88 | 1.04 |
| Feb 15, 2008 | 2.91 | 1.20 |
| Feb 20, 2007 | 3.01 | 1.25 |
| Feb 27, 2006 | 3.03 | 1.26 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).