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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
$324B$353B$48B7.3x21.5x
$259B$326B$115B2.8x14.3x
$216B$258B$95B2.7x13.8x
$147B$208B$61B3.4x9.6x
$126B$152B$60B2.5x11.2x
$74B$72B$9B8.4x26.7x
$73B$93B$39B2.4x14.2x
$67B$65B$8B8.1x18.4x
$54B$53B$7B7.6x32.9x
$51B$61B$32B1.9x10.7x
$43B$54B$25B2.2x12.2x
$39B$44B$12B3.7x16.6x
$38B$38B———
$35B$49B$84B0.6x11.2x
$35B$50B$19B2.6x9.6x
$35B$30B$4B6.9x22.4x
$34B$39B$10B4.0x16.7x
$31B$32B$8B4.2x19.5x
$28B$30B$10B3.1x17.3x
$27B$44B$25B1.8x8.0x
$26B$26B$2B10.7x47.3x
$24B$30B$17B1.7x11.7x
$23B$24B$36B0.6x17.7x
$23B$30B$56B0.5x8.3x
$22B$24B$6B3.9x16.9x
$21B$23B$14B1.6x10.4x
$20B$22B$15B1.5x7.6x
$19B$37B$88B0.4x5.6x
$19B$32B$19B1.7x9.5x
$18B$23B$12B1.9x12.2x
$17B$18B$28B0.6x5.4x
$17B$21B$26B0.8x6.0x
$17B$17B$2B6.8x29.2x
$15B$15B$9B1.8x12.8x
$14B$25B$25B1.0x7.1x
$14B$14B$2B7.0x36.7x
$14B$19B$7B2.6x13.5x
$14B$12B$5B2.3x10.0x
$13B$19B$22B0.9x7.2x
$13B$14B$8B1.9x13.1x
$13B$15B$8B1.9x10.5x
$12B$15B$7B2.1x—
$12B$16B$7B2.2x9.9x
$12B$12B$2B5.4x38.9x
$12B$15B$6B2.5x10.9x
$12B$13B$12B1.1x10.2x
$11B$12B$16B0.8x7.2x
$11B$11B$11B1.0x18.9x
$11B$13B$14B1.0x10.3x
$11B$11B$1B7.4x—
$10B$X.XB$1BX.XxX.Xx
$10B$X.XB$9BX.XxX.Xx
$9B$X.XB$2BX.XxX.Xx
$9B$X.XB$12BX.XxX.Xx
$9B$X.XB$11BX.XxX.Xx
$9B$X.XB$3BX.XxX.Xx
$9B$X.XB$9BX.XxX.Xx
$9B$X.XB$5BX.XxX.Xx
$8B$X.XB$12BX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$19BX.XxX.Xx
$7B$X.XB$17BX.XxX.Xx
$7B$X.XB$7BX.XxX.Xx
$7B$X.XB$7BX.XxX.Xx
$7B$X.XB$11BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$7B$X.XB$14BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$7BX.XxX.Xx
$6B$X.XB$10BX.XxX.Xx
$6B$X.XB—X.XxX.Xx
$6B$X.XB$7BX.XxX.Xx
$6B$X.XB$7BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB—X.XxX.Xx
$6B$X.XB$6BX.XxX.Xx
$6B$X.XB$32BX.XxX.Xx
$5B$X.XB$5BX.XxX.Xx
$5B$X.XB$7BX.XxX.Xx
$5B$X.XB$10BX.XxX.Xx
$5B$X.XB$17BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$5BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$8BX.XxX.Xx
$4B$X.XB$5BX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$7BX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$6BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$10BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$635MX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$20BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$8BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$6BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$7BX.XxX.Xx
$2B$X.XB$664MX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$917MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$818MX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB$321MX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$945MX.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$6BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$1B$X.XB$910MX.XxX.Xx
$1B$X.XB$9BX.XxX.Xx
$1B$X.XB$827MX.XxX.Xx
$1B$X.XB$4BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XB$511MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XB$235MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$254MX.XxX.Xx
$1B$X.XB$714MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$977M$X.XB$1BX.XxX.Xx
$971M$X.XB$593MX.XxX.Xx
$971M$X.XB$226MX.XxX.Xx
$945M$X.XB—X.XxX.Xx
$918M$X.XB$2BX.XxX.Xx
$918M$X.XB$3BX.XxX.Xx
$893M$X.XB—X.XxX.Xx
$893M$X.XB$397MX.XxX.Xx
$890M$X.XB—X.XxX.Xx
$884M$X.XB$8BX.XxX.Xx
$876M$X.XB—X.XxX.Xx
$867M$X.XB$4BX.XxX.Xx
$865M$X.XB—X.XxX.Xx
$852M$X.XB—X.XxX.Xx
$844M$X.XB$1BX.XxX.Xx
$829M$X.XB—X.XxX.Xx
$808M$X.XB—X.XxX.Xx
$783M$X.XB$1BX.XxX.Xx
$776M$X.XB—X.XxX.Xx
$698M$X.XB$3BX.XxX.Xx
$694M$X.XB$1BX.XxX.Xx
$691M$X.XB$8BX.XxX.Xx
$665M$X.XB$260MX.XxX.Xx
$654M$X.XB$376MX.XxX.Xx
$652M$X.XB$3BX.XxX.Xx
$650M$X.XB$1BX.XxX.Xx
$641M$X.XB$6BX.XxX.Xx
$638M$X.XB—X.XxX.Xx
$625M$X.XB$284MX.XxX.Xx
$619M$X.XB$2BX.XxX.Xx
$597M$X.XB$1BX.XxX.Xx
$594M$X.XB$913MX.XxX.Xx
$593M$X.XB$182MX.XxX.Xx
$587M$X.XB$565MX.XxX.Xx
$571M$X.XB—X.XxX.Xx
$570M$X.XB$2BX.XxX.Xx
$566M$X.XB$270MX.XxX.Xx
$558M$X.XB$798MX.XxX.Xx
$539M$X.XB$2BX.XxX.Xx
$526M$X.XB—X.XxX.Xx
$522M$X.XB—X.XxX.Xx
$515M$X.XB$268MX.XxX.Xx
$506M$X.XB—X.XxX.Xx
$504M$X.XB$1BX.XxX.Xx
$494M$X.XB$525MX.XxX.Xx
$482M$X.XB$2BX.XxX.Xx
$477M$X.XB$597MX.XxX.Xx
$475M$X.XB—X.XxX.Xx
$459M$X.XB$488MX.XxX.Xx
$459M$X.XB$238MX.XxX.Xx
$442M$X.XB$170MX.XxX.Xx
$441M$X.XB$14BX.XxX.Xx
$428M$X.XB$522MX.XxX.Xx
$428M$X.XB$2BX.XxX.Xx
$408M$X.XB$599MX.XxX.Xx
$407M$X.XB$332MX.XxX.Xx
$401M$X.XB$877MX.XxX.Xx
$396M$X.XB—X.XxX.Xx
$392M$X.XB$2BX.XxX.Xx
$391M$X.XB—X.XxX.Xx
$388M$X.XB—X.XxX.Xx
$385M$X.XB$910MX.XxX.Xx
$384M$X.XB—X.XxX.Xx
$383M$X.XB$224MX.XxX.Xx
$377M$X.XB—X.XxX.Xx
$373M$X.XB—X.XxX.Xx
$363M$X.XB$268MX.XxX.Xx
$360M$X.XB—X.XxX.Xx
$360M$X.XB—X.XxX.Xx
$352M$X.XB$930MX.XxX.Xx
$339M$X.XB—X.XxX.Xx
$333M$X.XB$3BX.XxX.Xx
$329M$X.XB$24MX.XxX.Xx
$327M$X.XB$724MX.XxX.Xx
$322M$X.XB$223MX.XxX.Xx
$321M$X.XB$2BX.XxX.Xx
$313M$X.XB—X.XxX.Xx
$310M$X.XB$567MX.XxX.Xx
$301M$X.XB—X.XxX.Xx
$287M$X.XB—X.XxX.Xx
$286M$X.XB—X.XxX.Xx
$245M$X.XB$300MX.XxX.Xx
$236M$X.XB—X.XxX.Xx
$235M$X.XB$144MX.XxX.Xx
$230M$X.XB—X.XxX.Xx
$218M$X.XB$349MX.XxX.Xx
$212M$X.XB—X.XxX.Xx
$209M$X.XB—X.XxX.Xx
$207M$X.XB$410MX.XxX.Xx
$206M$X.XB—X.XxX.Xx
$203M$X.XB$1BX.XxX.Xx
$202M$X.XB$421MX.XxX.Xx
$201M$X.XB—X.XxX.Xx
$194M$X.XB$1BX.XxX.Xx
$186M$X.XB—X.XxX.Xx
$183M$X.XB—X.XxX.Xx
$177M$X.XB$52MX.XxX.Xx
$176M$X.XB—X.XxX.Xx
$173M$X.XB—X.XxX.Xx
$170M$X.XB—X.XxX.Xx
$169M$X.XB—X.XxX.Xx
$168M$X.XB—X.XxX.Xx
$168M$X.XB$181MX.XxX.Xx
$165M$X.XB—X.XxX.Xx
$163M$X.XB—X.XxX.Xx
$153M$X.XB$954MX.XxX.Xx
$153M$X.XB$134MX.XxX.Xx
$132M$X.XB$139MX.XxX.Xx
$126M$X.XB—X.XxX.Xx
$125M$X.XB—X.XxX.Xx
$115M$X.XB—X.XxX.Xx
$112M$X.XB$1BX.XxX.Xx
$110M$X.XB$783MX.XxX.Xx
$109M$X.XB$994MX.XxX.Xx
$105M$X.XB$407MX.XxX.Xx
$103M$X.XB$204MX.XxX.Xx
$99M$X.XB—X.XxX.Xx
$97M$X.XB$38MX.XxX.Xx
$96M$X.XB—X.XxX.Xx
$96M$X.XB—X.XxX.Xx
$92M$X.XB$360MX.XxX.Xx
$91M$X.XB—X.XxX.Xx
$90M$X.XB$365MX.XxX.Xx
$88M$X.XB$1BX.XxX.Xx
$87M$X.XB$89MX.XxX.Xx
$82M$X.XB$164MX.XxX.Xx
$78M$X.XB—X.XxX.Xx
$78M$X.XB$1BX.XxX.Xx
$77M$X.XB—X.XxX.Xx
$74M$X.XB—X.XxX.Xx
$69M$X.XB—X.XxX.Xx
$67M$X.XB$84MX.XxX.Xx
$66M$X.XB—X.XxX.Xx
$66M$X.XB—X.XxX.Xx
$64M$X.XB$67MX.XxX.Xx
$61M$X.XB—X.XxX.Xx
$61M$X.XB$66MX.XxX.Xx
$59M$X.XB$200MX.XxX.Xx
$57M$X.XB—X.XxX.Xx
$53M$X.XB—X.XxX.Xx
$53M$X.XB$142MX.XxX.Xx
$51M$X.XB$250MX.XxX.Xx
$50M$X.XB—X.XxX.Xx
$49M$X.XB—X.XxX.Xx
$46M$X.XB$66MX.XxX.Xx
$44M$X.XB—X.XxX.Xx
$44M$X.XB—X.XxX.Xx
$43M$X.XB$19MX.XxX.Xx
$41M$X.XB—X.XxX.Xx
$37M$X.XB—X.XxX.Xx
$36M$X.XB—X.XxX.Xx
$36M$X.XB—X.XxX.Xx
$35M$X.XB—X.XxX.Xx
$35M$X.XB—X.XxX.Xx
$33M$X.XB$48MX.XxX.Xx
$32M$X.XB—X.XxX.Xx
$30M$X.XB—X.XxX.Xx
$29M$X.XB—X.XxX.Xx
$29M$X.XB—X.XxX.Xx
$29M$X.XB—X.XxX.Xx
$28M$X.XB—X.XxX.Xx
$27M$X.XB$336MX.XxX.Xx
$26M$X.XB—X.XxX.Xx
$25M$X.XB—X.XxX.Xx
$25M$X.XB—X.XxX.Xx
$25M$X.XB—X.XxX.Xx
$23M$X.XB—X.XxX.Xx
$23M$X.XB$435MX.XxX.Xx
$23M$X.XB—X.XxX.Xx
$22M$X.XB—X.XxX.Xx
$21M$X.XB—X.XxX.Xx
$21M$X.XB—X.XxX.Xx
$19M$X.XB—X.XxX.Xx
$19M$X.XB—X.XxX.Xx
$18M$X.XB—X.XxX.Xx
$17M$X.XB—X.XxX.Xx
$17M$X.XB—X.XxX.Xx
$16M$X.XB—X.XxX.Xx
$15M$X.XB—X.XxX.Xx
$14M$X.XB—X.XxX.Xx
$13M$X.XB—X.XxX.Xx
$13M$X.XB—X.XxX.Xx
$13M$X.XB$50MX.XxX.Xx
$11M$X.XB—X.XxX.Xx
$11M$X.XB—X.XxX.Xx
$11M$X.XB—X.XxX.Xx
$10M$X.XB—X.XxX.Xx
$10M$X.XB—X.XxX.Xx
$9M$X.XB—X.XxX.Xx
$8M$X.XB—X.XxX.Xx
$8M$X.XB—X.XxX.Xx
$7M$X.XB—X.XxX.Xx
$7M$X.XB$22MX.XxX.Xx
$7M$X.XB$41MX.XxX.Xx
$7M$X.XB—X.XxX.Xx
$6M$X.XB—X.XxX.Xx
$5M$X.XB—X.XxX.Xx
$4M$X.XB—X.XxX.Xx
$4M$X.XB—X.XxX.Xx
$4M$X.XB—X.XxX.Xx
$4M$X.XB—X.XxX.Xx
$3M$X.XB—X.XxX.Xx
$3M$X.XB—X.XxX.Xx
$3M$X.XB—X.XxX.Xx
$2M$X.XB—X.XxX.Xx
$2M$X.XB—X.XxX.Xx
$2M$X.XB—X.XxX.Xx
$2M$X.XB—X.XxX.Xx
$1M$X.XB—X.XxX.Xx
$1M$X.XB—X.XxX.Xx
$960K$X.XB—X.XxX.Xx
$446K$X.XB—X.XxX.Xx
$413K$X.XB—X.XxX.Xx
$385K$X.XB—X.XxX.Xx
$234K$X.XB—X.XxX.Xx
$86K$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx

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