Stock Analysis on Net

PepsiCo Inc. (NASDAQ:PEP)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

Calculation

PepsiCo Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-27), 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.


The price-to-sales (P/S) ratio for the period examined exhibits fluctuations, generally trending downwards from the mid-2000s before increasing again in the late 2010s and then decreasing into the mid-2020s. Initial values are relatively stable, followed by a period of increased volatility and then a more recent stabilization at a lower level.

Initial Period (2006-2008)
The P/S ratio begins around 3.03 and demonstrates a slight decrease to 2.91 over the first three years. This suggests a relatively consistent valuation based on sales during this timeframe.
Decline and Recovery (2009-2011)
A significant drop is observed in 2009, with the P/S ratio falling to 1.88. This decline is followed by a partial recovery, reaching 2.27 in 2010, but then decreasing again to 1.74 in 2011. This period indicates potential market concerns or a shift in investor sentiment impacting the valuation relative to sales.
Stabilization and Gradual Increase (2012-2018)
From 2012 to 2018, the P/S ratio shows a gradual upward trend, moving from 1.50 to 2.51. This suggests increasing investor confidence or improved market perception of the company’s ability to generate value from its sales. The increase is not linear, with some minor fluctuations, but the overall direction is positive.
Recent Trends (2019-2026)
The P/S ratio peaked at 3.03 in 2019 before declining to 2.14 in 2021. It experienced a slight recovery to 2.37 in 2023, but then decreased to 2.14 in 2024. The most recent value, 2.37 in 2026, suggests a potential stabilization at a level lower than the peak observed in 2019. This recent decline could be attributed to various factors, including changing market conditions or company-specific performance concerns.

Overall, the P/S ratio demonstrates a cyclical pattern over the examined period. While there were periods of growth, the ratio has generally trended downwards from its earlier highs, indicating a changing valuation relative to sales revenue.


Comparison to Competitors

PepsiCo Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-27), 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)


Comparison to Industry (Consumer Staples)