Price to Operating Profit (P/OP)
since 2005
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Coca-Cola Co. pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Debt
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Calculation
Coca-Cola Co., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (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 trajectory from 20.99 USD in early 2006 to 70.04 USD by early 2025. There were notable fluctuations within this period, including a dip in 2009 to 20.54 USD coinciding with broader market conditions. From 2010 onwards, the share price generally increased, with some volatility between 2015 and 2017 when prices slightly declined before continuing to rise, reaching a peak in 2025.
- Operating profit per share (OPPS) development
- Operating profit per share showed a steady increase from 1.28 USD in 2006 to a peak of 2.62 USD in 2024, indicating improved operational profitability. There was consistent growth with minor declines during 2014 to 2017, where OPPS fell from 2.22 USD to 1.76 USD before recovering in subsequent years. The value slightly decreased to 2.32 USD in 2025, which might point to margin pressures or increased costs.
- Price to operating profit ratio (P/OP) movements
- The P/OP ratio showed variability across the years, reflecting changing market valuations relative to operating profit. It was relatively high in 2008 at 19.05 but dropped significantly to 11.26 during the market downturn in 2009. Following this, it trended upward, peaking at 30.15 in 2025. This increase suggests that despite the rise in earnings, the share price growth outpaced earnings growth, possibly due to investor optimism or expectations for future growth beyond immediate operating profits.
- Insights
- The data indicate solid growth in profitability over nearly two decades, with operating profit per share more than doubling. Share price growth generally aligned with profitability improvements but showed greater volatility, especially during market disruptions. The rising P/OP ratio in recent years implies increasing market confidence or premium valuation. However, the slight recent dip in operating profit per share alongside a high valuation ratio may warrant attention to underlying operational factors.
Comparison to Competitors
Coca-Cola Co., P/OP, 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).