Price to Earnings (P/E)
since 2005
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Coca-Cola Co. pages available for free this week:
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
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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, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 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.
- Share Price Trends
- The share price exhibited an overall upward trend over the analyzed period. Starting from $20.99 in early 2006, it experienced fluctuations with notable declines and recoveries. The price peaked at $58.65 in early 2020 before a slight drop the following year. Subsequent years saw a renewed increase, reaching $70.04 by early 2025, indicating sustained investor confidence and growth prospects.
- Earnings per Share (EPS) Trends
- EPS displayed variability throughout the period, beginning at $1.03 in 2006 and generally increasing to a peak of $2.57 in 2011. A sharp decline occurred in 2018, falling to $0.29, which markedly deviates from prior years. However, EPS recovered significantly thereafter, stabilizing around the $2.2 to $2.5 range between 2019 and 2025. This pattern suggests temporary challenges affecting profitability in 2018, followed by recovery and strengthened earnings capacity.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio experienced notable fluctuations reflective of changes in both share price and EPS. From a moderate level of around 20 in 2006, it decreased to lows near 12.42 in 2011, corresponding with EPS growth outpacing share price increases. A significant spike to 150.54 in 2018 coincides with the EPS decline, indicating a period where share price remained relatively high despite lower earnings, possibly reflecting investor optimism or expectations of recovery. Post-2018, the P/E ratio normalized to levels in the mid to high 20s, suggesting a more balanced valuation relative to earnings in recent years.
- Overall Insights
- The data indicates a generally positive performance trend, with share price growth supported by increasing earnings, despite episodic volatility. The 2018 anomaly in EPS and P/E highlights a specific period of financial strain or extraordinary events impacting profitability. Recovery in subsequent years demonstrates resilience and an ability to regain market confidence. The company's valuation, as reflected by the P/E ratio, tends to oscillate in response to earnings changes, maintaining investor expectations consistent with earnings performance over the longer term.
Comparison to Competitors
Coca-Cola Co., P/E, long-term trends, comparison to competitors
| Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Feb 20, 2025 | ||||
| Feb 20, 2024 | ||||
| Feb 21, 2023 | ||||
| Feb 22, 2022 | ||||
| Feb 25, 2021 | ||||
| Feb 24, 2020 | ||||
| Feb 21, 2019 | ||||
| Feb 23, 2018 | ||||
| Feb 24, 2017 | ||||
| Feb 25, 2016 | ||||
| Feb 25, 2015 | ||||
| Feb 27, 2014 | ||||
| Feb 27, 2013 | ||||
| Feb 23, 2012 | ||||
| Feb 28, 2011 | ||||
| Feb 26, 2010 | ||||
| Feb 26, 2009 | ||||
| Feb 28, 2008 | ||||
| Feb 21, 2007 | ||||
| Feb 28, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 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, 2025 | ||
| Feb 20, 2024 | ||
| Feb 21, 2023 | ||
| Feb 22, 2022 | ||
| Feb 25, 2021 | ||
| Feb 24, 2020 | ||
| Feb 21, 2019 | ||
| Feb 23, 2018 | ||
| Feb 24, 2017 | ||
| Feb 25, 2016 | ||
| Feb 25, 2015 | ||
| Feb 27, 2014 | ||
| Feb 27, 2013 | ||
| Feb 23, 2012 | ||
| Feb 28, 2011 | ||
| Feb 26, 2010 | ||
| Feb 26, 2009 | ||
| Feb 28, 2008 | ||
| Feb 21, 2007 | ||
| Feb 28, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 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, 2025 | ||
| Feb 20, 2024 | ||
| Feb 21, 2023 | ||
| Feb 22, 2022 | ||
| Feb 25, 2021 | ||
| Feb 24, 2020 | ||
| Feb 21, 2019 | ||
| Feb 23, 2018 | ||
| Feb 24, 2017 | ||
| Feb 25, 2016 | ||
| Feb 25, 2015 | ||
| Feb 27, 2014 | ||
| Feb 27, 2013 | ||
| Feb 23, 2012 | ||
| Feb 28, 2011 | ||
| Feb 26, 2010 | ||
| Feb 26, 2009 | ||
| Feb 28, 2008 | ||
| Feb 21, 2007 | ||
| Feb 28, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 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).