US · USD

KO

The Coca-Cola Company

US$86.45-0.45% (-US$0.40)
Day's range
US$86.07 – US$87.52
Day's volume
US$1.3bn
52-week range
US$64.39 – US$91.44

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KO in numbers

Market cap
US$370.4bn
P/B
11.06
Dividend yield (12m)
2.43%

The 12-month dividend yield of KO is 2.43%, below its 5-year average of 2.95%.

KO price history

01/10/202501/10/2026
Compare with

KO risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+28.26%+66.12%+76.77%
Volatility (annualised)16.64%15.01%16.03%
Largest drawdown-6.11%-12.84%-12.84%
Positive months8/1224/3637/60

How much did investing in KO return?

US$1,000.00 invested on 01/10/2021 would be worth US$1,775.20 today.

Value today in KO
US$1,775.20
Return over the period
+77.52%
Return per year
+12.16%
In the S&P 500
US$1,655.67

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

KO fundamentals

Valuation

  • P/E
    —
  • P/B
    11.06
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    —
  • P/EBIT
    —
  • P/S
    —
  • P/OCF
    —
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    US$7.82

Debt

  • Net debt
    -US$10.3bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    -0.31
  • Debt/Equity
    0.01
  • Current ratio
    1.36
  • Quick ratio
    1.15
  • Cash ratio
    0.47

What is KO's fair price?

Two classic value formulas, with today's numbers. The current price is US$86.45.

Graham's fair price
—
KO's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$30.87
64.29% below the price

US$1.85 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

KO indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E22.9425.1923.7228.8426.2730.5126.6231.46
P/B9.3510.779.8011.4211.1612.2512.5111.92
EV/EBITDA19.7123.3223.0325.2324.8525.7624.5022.64
Dividend yield2.92%3.12%3.12%2.77%2.84%2.99%2.89%3.29%
Earnings per shareUS$3.05US$2.47US$2.48US$2.21US$2.25US$1.80US$2.08US$1.50
Book value per shareUS$7.48US$5.78US$6.02US$5.57US$5.30US$4.48US$4.42US$3.97
ROE40.74%42.77%41.30%39.59%42.48%40.14%46.99%37.89%
ROIC48.31%53.61%16.03%15.99%13.89%13.21%13.54%15.55%
Gross margin61.63%61.06%59.52%58.14%60.27%59.31%60.77%61.90%
EBITDA margin30.90%23.52%27.19%28.30%30.42%31.90%30.73%29.85%
Net margin27.34%22.59%23.42%22.19%25.28%23.47%23.94%18.76%
Net debt/EBITDA-0.59-0.882.602.613.023.323.762.87

KO financial statements

Line202520242023202220212020
Net revenueUS$47.9bnUS$47.1bnUS$45.8bnUS$43bnUS$38.7bnUS$33bn
Cost of sales-US$18.4bn-US$18.3bn-US$18.5bn-US$18bn-US$15.4bn-US$13.4bn
Gross profitUS$29.5bnUS$28.7bnUS$27.2bnUS$25bnUS$23.3bnUS$19.6bn
EBITDAUS$14.8bnUS$11.1bnUS$12.4bnUS$12.2bnUS$11.8bnUS$10.5bn
EBITUS$13.8bnUS$10bnUS$11.3bnUS$10.9bnUS$10.3bnUS$9bn
Net finance result——————
Profit before taxUS$16bnUS$13.1bnUS$13bnUS$11.7bnUS$12.4bnUS$9.7bn
Income tax-US$2.9bn-US$2.4bn-US$2.2bn-US$2.1bn-US$2.6bn-US$2bn
Net incomeUS$13.1bnUS$10.6bnUS$10.7bnUS$9.5bnUS$9.8bnUS$7.7bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does KO pay dividends?

Dividend yield per year

  • 3.23%2017
  • 3.29%2018
  • 2.89%2019
  • 2.99%2020
  • 2.84%2021
  • 2.77%2022
  • 3.12%2023
  • 3.12%2024
  • 2.92%2025
  • 1.85%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend14/09/202601/10/2026US$0.53
Dividend12/06/202601/07/2026US$0.53
Dividend12/03/202601/04/2026US$0.53
Dividend28/11/202515/12/2025US$0.51
Dividend12/09/202501/10/2025US$0.51
Dividend12/06/202501/07/2025US$0.51
Dividend13/03/202501/04/2025US$0.51
Dividend28/11/202416/12/2024US$0.49
Dividend12/09/202401/10/2024US$0.49
Dividend13/06/202401/07/2024US$0.49
Dividend13/03/202401/04/2024US$0.49
Dividend29/11/202315/12/2023US$0.46
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend13/09/202302/10/2023US$0.46
Dividend14/06/202303/07/2023US$0.46
Dividend15/03/202303/04/2023US$0.46
Dividend29/11/202215/12/2022US$0.44
Dividend14/09/202203/10/2022US$0.44
Dividend13/06/202201/07/2022US$0.44
Dividend11/03/202201/04/2022US$0.44
Dividend29/11/202115/12/2021US$0.42
Dividend13/09/202101/10/2021US$0.42
Dividend11/06/202101/07/2021US$0.42
Dividend11/03/202101/04/2021US$0.42
Dividend27/11/202015/12/2020US$0.41
Dividend11/09/202001/10/2020US$0.41
Dividend11/06/202001/07/2020US$0.41
Dividend12/03/202001/04/2020US$0.41
Dividend28/11/201916/12/2019US$0.40
Dividend12/09/201901/10/2019US$0.40
Dividend12/06/201901/07/2019US$0.40
Dividend13/03/201901/04/2019US$0.40
Dividend28/11/201814/12/2018US$0.39
Dividend12/09/201801/10/2018US$0.39
Dividend13/06/201802/07/2018US$0.39
Dividend13/03/201802/04/2018US$0.39
Dividend29/11/201715/12/2017US$0.37
Dividend13/09/201702/10/2017US$0.37
Dividend12/06/201703/07/2017US$0.37
Dividend10/03/201703/04/2017US$0.37
Dividend28/11/201615/12/2016US$0.35

About The Coca-Cola Company

Sector
Manufacturing

Questions about KO

How much is KO today?

KO is at US$86.45 (-0.45% on the day), last traded on 01/10/2026.

How much did KO pay in dividends in 2025?

KO paid US$2.04 per share in 2025, a dividend yield of 2.92%.

How much did KO return in 12 months?

KO returned 28.26% in 12 months, with annualised volatility of 16.64% and a largest drawdown of -6.11%.