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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, Unilever and AB InBev.

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Food & Beverages

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$331B$361B$48B7.5x22.1x
$268B$333B$115B2.9x14.7x
$229B$269B$95B2.8x14.4x
$154B$181B$60B3.0x13.3x
$154B$215B$60B3.6x9.9x
$79B$77B$9B9.1x28.8x
$77B$97B$39B2.5x14.9x
$66B$64B$8B8.1x18.2x
$60B$59B$7B8.7x37.4x
$53B$63B$32B1.9x11.0x
$48B$53B$12B4.4x20.2x
$46B$58B$25B2.3x13.1x
$43B$57B$84B0.7x13.0x
$41B$58B$19B3.0x11.0x
$38B$40B$8B5.2x24.1x
$37B$37B———
$37B$42B$10B4.3x17.9x
$30B$26B$4B6.1x19.8x
$30B$32B$10B3.2x18.1x
$29B$47B$25B1.9x8.4x
$27B$27B$2B11.5x51.0x
$25B$26B$6B4.3x18.5x
$24B$30B$17B1.7x11.9x
$24B$37B$19B2.0x10.9x
$23B$24B$37B0.7x18.2x
$23B$25B$14B1.8x11.4x
$23B$30B$55B0.5x8.4x
$20B$22B$14B1.5x7.4x
$19B$17B$5B3.4x14.6x
$19B$23B$7B3.2x16.3x
$19B$37B$87B0.4x5.7x
$18B$22B$12B1.9x12.0x
$18B$21B$26B0.8x6.1x
$17B$17B$2B6.8x29.0x
$16B$18B$28B0.6x5.3x
$16B$16B$2B7.8x41.3x
$15B$25B$25B1.0x7.2x
$14B$16B$7B2.3x—
$14B$16B$12B1.3x11.8x
$14B$16B$8B2.0x11.1x
$13B$14B$9B1.6x11.8x
$13B$19B$21B0.9x7.2x
$13B$14B$8B1.9x13.3x
$13B$15B$3B5.3x22.0x
$13B$15B$14B1.1x11.4x
$12B$12B$2B5.9x42.4x
$12B$20B$9B2.2x10.0x
$12B$16B$7B2.2x10.0x
$11B$15B$6B2.5x10.6x
$11B$10B$10B1.0x19.0x
$11B$X.XB$1BX.XxX.Xx
$10B$X.XB$1BX.XxX.Xx
$10B$X.XB$19BX.XxX.Xx
$10B$X.XB$17BX.XxX.Xx
$10B$X.XB$1BX.XxX.Xx
$10B$X.XB$16BX.XxX.Xx
$10B$X.XB$2BX.XxX.Xx
$9B$X.XB$9BX.XxX.Xx
$9B$X.XB$11BX.XxX.Xx
$9B$X.XB$12BX.XxX.Xx
$9B$X.XB$11BX.XxX.Xx
$8B$X.XB$7BX.XxX.Xx
$8B$X.XB$5BX.XxX.Xx
$8B$X.XB$10BX.XxX.Xx
$8B$X.XB—X.XxX.Xx
$8B$X.XB$3BX.XxX.Xx
$7B$X.XB$12BX.XxX.Xx
$7B$X.XB$7BX.XxX.Xx
$7B$X.XB$4BX.XxX.Xx
$7B$X.XB$7BX.XxX.Xx
$7B$X.XB$5BX.XxX.Xx
$6B$X.XB$7BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$7BX.XxX.Xx
$6B$X.XB$5BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB—X.XxX.Xx
$6B$X.XB$14BX.XxX.Xx
$6B$X.XB$31BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$6BX.XxX.Xx
$5B$X.XB$7BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$8BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$9BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$4B$X.XB$1000MX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$5BX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB—X.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$6BX.XxX.Xx
$3B$X.XB$7BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$631MX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$8BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$2B$X.XB$662MX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$6BX.XxX.Xx
$2B$X.XB$20BX.XxX.Xx
$2B$X.XB$10BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$982MX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$7BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$901MX.XxX.Xx
$2B$X.XB$815MX.XxX.Xx
$2B$X.XB$6BX.XxX.Xx
$2B$X.XB$313MX.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$941MX.XxX.Xx
$2B$X.XB$823MX.XxX.Xx
$2B$X.XB$4BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$9BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XB$918MX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$508MX.XxX.Xx
$1B$X.XB$711MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$998MX.XxX.Xx
$1B$X.XB$248MX.XxX.Xx
$1B$X.XB$587MX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$989M$X.XB—X.XxX.Xx
$985M$X.XB$236MX.XxX.Xx
$944M$X.XB$3BX.XxX.Xx
$934M$X.XB$257MX.XxX.Xx
$926M$X.XB—X.XxX.Xx
$924M$X.XB$2BX.XxX.Xx
$923M$X.XB$8BX.XxX.Xx
$913M$X.XB—X.XxX.Xx
$910M$X.XB$225MX.XxX.Xx
$898M$X.XB$389MX.XxX.Xx
$897M$X.XB$795MX.XxX.Xx
$888M$X.XB$2BX.XxX.Xx
$879M$X.XB—X.XxX.Xx
$876M$X.XB—X.XxX.Xx
$863M$X.XB$1BX.XxX.Xx
$832M$X.XB$4BX.XxX.Xx
$827M$X.XB—X.XxX.Xx
$813M$X.XB$308MX.XxX.Xx
$812M$X.XB—X.XxX.Xx
$797M$X.XB$1BX.XxX.Xx
$783M$X.XB$1BX.XxX.Xx
$781M$X.XB$8BX.XxX.Xx
$752M$X.XB—X.XxX.Xx
$724M$X.XB$3BX.XxX.Xx
$696M$X.XB$179MX.XxX.Xx
$682M$X.XB$2BX.XxX.Xx
$667M$X.XB$3BX.XxX.Xx
$643M$X.XB$1BX.XxX.Xx
$626M$X.XB$1BX.XxX.Xx
$615M$X.XB$6BX.XxX.Xx
$608M$X.XB$910MX.XxX.Xx
$607M$X.XB$284MX.XxX.Xx
$594M$X.XB$380MX.XxX.Xx
$580M$X.XB$564MX.XxX.Xx
$578M$X.XB$2BX.XxX.Xx
$566M$X.XB$175MX.XxX.Xx
$550M$X.XB$270MX.XxX.Xx
$544M$X.XB—X.XxX.Xx
$543M$X.XB—X.XxX.Xx
$535M$X.XB$2BX.XxX.Xx
$525M$X.XB—X.XxX.Xx
$507M$X.XB$14BX.XxX.Xx
$501M$X.XB$267MX.XxX.Xx
$483M$X.XB—X.XxX.Xx
$477M$X.XB$514MX.XxX.Xx
$475M$X.XB$602MX.XxX.Xx
$474M$X.XB$487MX.XxX.Xx
$469M$X.XB$2BX.XxX.Xx
$466M$X.XB—X.XxX.Xx
$463M$X.XB$237MX.XxX.Xx
$456M$X.XB—X.XxX.Xx
$452M$X.XB$2BX.XxX.Xx
$431M$X.XB$329MX.XxX.Xx
$414M$X.XB$2BX.XxX.Xx
$408M$X.XB—X.XxX.Xx
$408M$X.XB—X.XxX.Xx
$406M$X.XB—X.XxX.Xx
$402M$X.XB—X.XxX.Xx
$400M$X.XB$524MX.XxX.Xx
$399M$X.XB$222MX.XxX.Xx
$394M$X.XB$166MX.XxX.Xx
$388M$X.XB—X.XxX.Xx
$386M$X.XB—X.XxX.Xx
$380M$X.XB$1BX.XxX.Xx
$380M$X.XB$592MX.XxX.Xx
$374M$X.XB—X.XxX.Xx
$374M$X.XB$271MX.XxX.Xx
$371M$X.XB—X.XxX.Xx
$369M$X.XB$2BX.XxX.Xx
$367M$X.XB$930MX.XxX.Xx
$364M$X.XB$875MX.XxX.Xx
$348M$X.XB—X.XxX.Xx
$337M$X.XB$905MX.XxX.Xx
$331M$X.XB$220MX.XxX.Xx
$319M$X.XB$298MX.XxX.Xx
$319M$X.XB$3BX.XxX.Xx
$317M$X.XB$25MX.XxX.Xx
$304M$X.XB$563MX.XxX.Xx
$299M$X.XB—X.XxX.Xx
$286M$X.XB$722MX.XxX.Xx
$285M$X.XB$260MX.XxX.Xx
$268M$X.XB—X.XxX.Xx
$256M$X.XB$146MX.XxX.Xx
$234M$X.XB$17BX.XxX.Xx
$232M$X.XB—X.XxX.Xx
$228M$X.XB—X.XxX.Xx
$215M$X.XB—X.XxX.Xx
$211M$X.XB$333MX.XxX.Xx
$205M$X.XB—X.XxX.Xx
$197M$X.XB—X.XxX.Xx
$194M$X.XB—X.XxX.Xx
$192M$X.XB$1BX.XxX.Xx
$184M$X.XB—X.XxX.Xx
$181M$X.XB$51MX.XxX.Xx
$179M$X.XB—X.XxX.Xx
$177M$X.XB$408MX.XxX.Xx
$177M$X.XB$407MX.XxX.Xx
$176M$X.XB—X.XxX.Xx
$168M$X.XB—X.XxX.Xx
$167M$X.XB$947MX.XxX.Xx
$165M$X.XB—X.XxX.Xx
$165M$X.XB$180MX.XxX.Xx
$163M$X.XB—X.XxX.Xx
$155M$X.XB—X.XxX.Xx
$151M$X.XB—X.XxX.Xx
$142M$X.XB$1BX.XxX.Xx
$140M$X.XB$81MX.XxX.Xx
$138M$X.XB$133MX.XxX.Xx
$137M$X.XB—X.XxX.Xx
$131M$X.XB$138MX.XxX.Xx
$126M$X.XB—X.XxX.Xx
$117M$X.XB—X.XxX.Xx
$116M$X.XB—X.XxX.Xx
$112M$X.XB$1BX.XxX.Xx
$108M$X.XB—X.XxX.Xx
$108M$X.XB—X.XxX.Xx
$100M$X.XB$203MX.XxX.Xx
$98M$X.XB$782MX.XxX.Xx
$97M$X.XB$356MX.XxX.Xx
$95M$X.XB$37MX.XxX.Xx
$94M$X.XB—X.XxX.Xx
$91M$X.XB$1BX.XxX.Xx
$90M$X.XB$164MX.XxX.Xx
$86M$X.XB$363MX.XxX.Xx
$85M$X.XB—X.XxX.Xx
$83M$X.XB—X.XxX.Xx
$79M$X.XB—X.XxX.Xx
$76M$X.XB—X.XxX.Xx
$75M$X.XB—X.XxX.Xx
$74M$X.XB$406MX.XxX.Xx
$69M$X.XB—X.XxX.Xx
$68M$X.XB$82MX.XxX.Xx
$67M$X.XB—X.XxX.Xx
$67M$X.XB—X.XxX.Xx
$64M$X.XB—X.XxX.Xx
$64M$X.XB$1BX.XxX.Xx
$63M$X.XB$202MX.XxX.Xx
$62M$X.XB$67MX.XxX.Xx
$59M$X.XB—X.XxX.Xx
$58M$X.XB—X.XxX.Xx
$56M$X.XB—X.XxX.Xx
$55M$X.XB$64MX.XxX.Xx
$48M$X.XB—X.XxX.Xx
$47M$X.XB$244MX.XxX.Xx
$45M$X.XB—X.XxX.Xx
$44M$X.XB$66MX.XxX.Xx
$44M$X.XB—X.XxX.Xx
$43M$X.XB—X.XxX.Xx
$42M$X.XB$14MX.XxX.Xx
$41M$X.XB$141MX.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
$35M$X.XB—X.XxX.Xx
$34M$X.XB$48MX.XxX.Xx
$34M$X.XB—X.XxX.Xx
$33M$X.XB—X.XxX.Xx
$32M$X.XB$336MX.XxX.Xx
$31M$X.XB—X.XxX.Xx
$29M$X.XB—X.XxX.Xx
$28M$X.XB—X.XxX.Xx
$28M$X.XB—X.XxX.Xx
$28M$X.XB—X.XxX.Xx
$27M$X.XB—X.XxX.Xx
$25M$X.XB—X.XxX.Xx
$25M$X.XB—X.XxX.Xx
$24M$X.XB—X.XxX.Xx
$24M$X.XB—X.XxX.Xx
$22M$X.XB$422MX.XxX.Xx
$22M$X.XB—X.XxX.Xx
$22M$X.XB—X.XxX.Xx
$20M$X.XB—X.XxX.Xx
$19M$X.XB—X.XxX.Xx
$19M$X.XB—X.XxX.Xx
$18M$X.XB—X.XxX.Xx
$18M$X.XB—X.XxX.Xx
$17M$X.XB—X.XxX.Xx
$17M$X.XB—X.XxX.Xx
$15M$X.XB—X.XxX.Xx
$14M$X.XB—X.XxX.Xx
$14M$X.XB—X.XxX.Xx
$13M$X.XB—X.XxX.Xx
$13M$X.XB$50MX.XxX.Xx
$13M$X.XB—X.XxX.Xx
$12M$X.XB—X.XxX.Xx
$12M$X.XB—X.XxX.Xx
$10M$X.XB—X.XxX.Xx
$10M$X.XB—X.XxX.Xx
$10M$X.XB—X.XxX.Xx
$9M$X.XB—X.XxX.Xx
$7M$X.XB—X.XxX.Xx
$7M$X.XB—X.XxX.Xx
$7M$X.XB—X.XxX.Xx
$6M$X.XB—X.XxX.Xx
$6M$X.XB$22MX.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
$4M$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
$2M$X.XB—X.XxX.Xx
$1M$X.XB—X.XxX.Xx
$909K$X.XB—X.XxX.Xx
$510K$X.XB—X.XxX.Xx
$407K$X.XB—X.XxX.Xx
$379K$X.XB—X.XxX.Xx
$365K$X.XB—X.XxX.Xx
$84K$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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