Public Comps and Valuation Multiples for Food & Beverages

Benchmark revenue and EBITDA valuation multiples for public comps like
Coca-Cola, Nestlé, PepsiCo, AB InBev and Unilever.

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Food & Beverages

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$380B$409B$49B8.3x24.2x
$245B$315B$112B2.8x14.3x
$186B$229B$98B2.3x12.0x
$154B$227B$63B3.6x10.0x
$133B$166B$60B2.8x12.2x
$85B$82B$9.3B8.8x28.2x
$80B$100B$40B2.5x15.0x
$57B$55B$8.6B6.4x14.2x
$48B$47B$6.9B6.7x28.9x
$46B$46B---
$46B$56B$33B1.7x9.7x
$45B$58B$25B2.3x12.9x
$43B$80B$23B3.4x12.8x
$40B$53B$86B0.6x11.8x
$36B$42B$9.5B4.4x18.8x
$36B$44B$19B2.4x16.1x
$35B$40B$12B3.3x13.9x
$31B$33B$11B3.1x17.7x
$29B$25B$4.5B5.6x18.0x
$29B$46B$25B1.8x8.8x
$28B$28B$2.6B10.6x45.1x
$25B$33B$18B1.9x13.1x
$24B$26B$7.5B3.5x16.1x
$24B$27B$18B1.5x7.5x
$22B$24B$6.2B3.9x16.7x
$22B$14B
$21B$38B
$20B$15B
$19B$18B
$19B$56B
$17B$26B
$16B$12B
$15B$7.9B
$15B$2.6B
$14B$25B
$14B$7.7B
$13B$91B
$13B$22B
$13B$9B
$13B$7.2B
$13B$2.1B
$12B$6.2B
$12B$8.8B
$12B$9.6B
$12B$7.3B
$11B$12B
$11B$13B
$11B$1.7B
$11B$1.5B
$11B$28B
$10B$1.5B
$10B$2.3B
$10B$13B
$10B$5B
$9.5B$5B
$9.4B$7.6B
$9B$13B
$8.9B$12B
$8.7B$12B
$8B$16B
$7.7B$882M
$7.5B$6.8B
$7.5B$7.7B
$7.4B$15B
$7.2B$19B
$7.2B$2.1B
$7B$11B
$7B$1.5B
$6.9B$3B
$6.6B$6.6B
$6.5B$14B
$6.3B$7.2B
$6.3B$9.7B
$6.2B$3.5B
$6B$4.1B
$5.9B$9.8B
$5.5B$18B
$5.5B$6B
$5.5B$5.2B
$5.4B$4.9B
$5.3B$2.7B
$5.3B$1.8B
$5.2B$3.2B
$4.9B$8.8B
$4.8B$2.6B
$4.7B$4.5B
$4.7B$32B
$4.6B$4.9B
$4.6B$6.8B
$4.5B$4.5B
$4.5B$8.9B
$4.5B$4B
$4.3B-
$4.2B$3.6B
$4.2B$3.9B
$4.1B$4.8B
$4B$3.4B
$3.9B$4.5B
$3.8B$9.5B
$3.7B$5.6B
$3.6B$7.4B
$3.6B$4.1B
$3.5B$8.2B
$3.5B$1.9B
$3.5B$2.7B
$3.5B$1B
$3.5B$1.2B
$3.5B$2.8B
$3.3B$2.7B
$3.3B$3.5B
$3.1B$34B
$3.1B$9.7B
$3.1B$20B
$3B$743M
$2.9B-
$2.9B$1.2B
$2.9B$2.7B
$2.9B$6.3B
$2.8B$1.9B
$2.8B$3.6B
$2.7B$4.5B
$2.5B$8.4B
$2.4B$6.4B
$2.4B-
$2.4B$2.9B
$2.3B$2.2B
$2.3B$2B
$2.2B$1.6B
$2.2B$1.6B
$2.2B$3.7B
$2.1B$3.1B
$2.1B$21B
$2B$7.1B
$2B$691M
$2B$1.4B
$2B$2.8B
$1.9B$2.5B
$1.9B$2.3B
$1.9B$914M
$1.9B-
$1.8B$914M
$1.7B$6.2B
$1.7B$823M
$1.7B$1B
$1.7B-
$1.7B$1B
$1.6B$275M
$1.6B$712M
$1.6B$916M
$1.6B$1.2B
$1.6B$1.5B
$1.5B$4.3B
$1.5B$3.5B
$1.5B$785M
$1.4B$334M
$1.4B$11B
$1.3B$3.7B
$1.3B$1.3B
$1.3B$1.8B
$1.3B$2.7B
$1.3B$5.2B
$1.3B$1.5B
$1.3B$5.2B
$1.3B$9.6B
$1.2B$937M
$1.2B$231M
$1.2B$3.9B
$1.2B$452M
$1.2B$3.2B
$1.2B$2.1B
$1.2B$530M
$1.2B-
$1.2B$1B
$1.2B$2.6B
$1.1B$1.4B
$1.1B-
$1.1B$2B
$1.1B-
$1.1B-
$1.1B$2.4B
$1B$814M
$1B$1.6B
$1B$2.7B
$979M$233M
$968M-
$957M$1.8B
$956M$2B
$927M-
$914M$8.7B
$900M-
$886M$624M
$870M$1.3B
$838M-
$836M$490M
$824M$3.8B
$821M$1.2B
$818M-
$817M-
$811M$6B
$811M$1.7B
$804M-
$790M-
$790M$6.3B
$779M$663M
$777M$1.5B
$771M-
$758M$1.4B
$755M$324M
$752M$1.2B
$727M-
$720M-
$717M$2.8B
$694M$204M
$684M$459M
$679M$304M
$673M-
$670M-
$644M$1.3B
$632M$861M
$603M$584M
$595M$299M
$572M$180M
$564M$3.7B
$559M$397M
$551M$277M
$544M$250M
$541M$2.3B
$529M$524M
$526M$2.2B
$523M$3.1B
$482M-
$480M$14B
$477M$197M
$475M$593M
$473M$1.5B
$472M$7.5B
$449M$267M
$434M-
$430M-
$429M-
$418M$768M
$416M$2.5B
$409M-
$406M$932M
$401M-
$397M$2.1B
$392M$112M
$372M$248M
$371M$507M
$370M-
$369M-
$357M$2.3B
$357M-
$357M-
$355M$326M
$352M$235M
$349M-
$338M$2B
$337M$1.4B
$335M$1.3B
$323M-
$316M$500M
$314M$767M
$313M$554M
$313M-
$309M$2.5B
$307M-
$293M$19M
$292M$248M
$278M$914M
$277M-
$260M-
$260M$2.5B
$257M$879M
$256M$1.8B
$251M-
$246M-
$246M-
$244M-
$244M-
$238M$491M
$237M$127M
$232M$220M
$224M-
$223M-
$222M$998M
$221M-
$220M-
$214M$422M
$213M-
$212M-
$211M$352M
$210M-
$203M-
$202M-
$202M$2.7B
$200M-
$200M-
$200M-
$199M-
$196M-
$195M$55M
$186M-
$179M$298M
$176M$254M
$173M$1.2B
$168M$57M
$164M-
$158M$669M
$155M$393M
$154M-
$154M$137M
$147M$427M
$146M$260M
$141M$961M
$135M-
$132M$143M
$130M-
$122M-
$118M$773M
$113M$85M
$109M$29M
$106M-
$105M$991M
$105M$1.2B
$101M$310M
$99M$86M
$98M$16M
$97M-
$96M$731M
$95M$371M
$92M$1.3B
$91M$170M
$90M-
$89M$208M
$86M$99M
$85M-
$84M$373M
$80M-
$77M$179M
$74M-
$73M-
$72M-
$72M$122M
$69M-
$67M-
$64M-
$64M-
$63M-
$63M-
$62M-
$57M$30M
$56M$1.3B
$54M-
$53M$139M
$52M-
$50M-
$50M$244M
$46M$65M
$46M-
$43M-
$43M-
$43M-
$42M-
$42M$37M
$41M$68M
$39M-
$37M-
$37M-
$37M-
$35M-
$34M-
$34M-
$33M-
$32M-
$30M$48M
$30M-
$30M-
$29M-
$28M-
$27M-
$27M-
$27M-
$25M-
$25M-
$25M-
$24M$78M
$24M-
$24M$464M
$24M-
$23M-
$22M-
$22M-
$21M-
$20M-
$20M$20M
$20M-
$18M-
$17M-
$17M-
$15M-
$14M-
$14M-
$14M-
$14M$44M
$14M-
$13M-
$12M-
$12M-
$12M-
$11M-
$11M-
$11M-
$11M$11M
$11M-
$10M-
$10M-
$10M$18M
$9M-
$9M-
$9M-
$9M-
$9M-
$9M$41M
$9M-
$8M-
$8M-
$7M-
$7M-
$6M-
$6M$21M
$5M-
$4M-
$4M-
$4M-
$4M-
$4M-
$3M-
$3M$15M
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M$5M
$2M-
$2M-
$2M-
$1M-
$1M-
$1M-
$974K-
$862K-
$480K-
$431K-
$316K-
$181K-
$180K-
$113K-
$79K-
$33K-
$5K-
$3K$431M
$1K$11M
$0K-
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