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
$395B$422B$50B8.5x24.6x
$257B$326B$110B3.0x15.0x
$181B$222B$98B2.3x11.7x
$161B$231B$64B3.6x10.1x
$140B$173B$58B3.0x13.1x
$89B$86B$9.5B9.0x29.3x
$79B$99B$40B2.5x14.8x
$58B$54B$8.8B6.2x13.7x
$49B$61B$24B2.5x14.0x
$48B$85B$25B3.4x13.0x
$45B$45B---
$45B$44B$7.1B6.2x26.7x
$44B$54B$32B1.7x9.7x
$44B$49B$9.4B5.3x22.5x
$40B$54B$86B0.6x11.8x
$33B$38B$12B3.1x13.0x
$31B$33B$11B3.1x18.0x
$29B$25B$4.6B5.4x17.3x
$28B$45B$25B1.8x8.8x
$27B$35B$18B2.0x13.8x
$25B$27B$6.2B4.3x18.3x
$24B$27B$17B1.6x7.8x
$24B$24B$2.7B8.8x37.2x
$23B$25B$7.3B3.5x15.9x
$23B$24B$14B1.7x10.9x
$21B$39B
$20B$14B
$19B$56B
$18B$26B
$18B$18B
$17B$7.7B
$16B$12B
$16B$12B
$14B$2.6B
$14B$23B
$14B$7.2B
$14B$21B
$13B$9B
$13B$92B
$12B$7.8B
$12B$8.8B
$12B$7.1B
$12B$1.7B
$12B$9.3B
$12B$2.1B
$11B$6.3B
$11B$12B
$11B$12B
$11B$1.5B
$10B$2.3B
$10B$28B
$10B$5B
$10B$1.2B
$9.9B$7.5B
$9B$12B
$8.9B$13B
$8.7B$12B
$8.4B$14B
$8B$14B
$8B$5B
$7.6B$15B
$7.4B$6.6B
$7.3B$15B
$7.2B$7.6B
$7.2B$19B
$7.2B$20B
$7.1B$1.3B
$7.1B$3.1B
$7B$6.8B
$6.7B$2.2B
$6.7B$1.5B
$6.6B$11B
$6.5B$905M
$6.3B$3.5B
$6.3B$19B
$6.1B$9.7B
$6B$5.9B
$5.9B$7.2B
$5.7B$9.7B
$5.6B$1.8B
$5.5B$4.2B
$5.3B$5.2B
$4.9B$3.2B
$4.8B$2.8B
$4.7B$2.6B
$4.7B$4.5B
$4.6B$4.8B
$4.5B$17B
$4.5B$8.6B
$4.4B$31B
$4.3B$4.6B
$4.3B$3.8B
$4.2B$4.9B
$4.2B$6.5B
$4.2B$4B
$4.1B$4.8B
$4.1B-
$4.1B$8.6B
$4B$3.5B
$3.8B$3.4B
$3.7B$4.1B
$3.7B$4.4B
$3.6B$5.5B
$3.5B$8.1B
$3.4B$9.4B
$3.4B$1.2B
$3.3B$1B
$3.3B$2.7B
$3.3B$2.7B
$3.2B$782M
$3.2B$1.2B
$3.1B$4.6B
$3.1B$7.3B
$3B$3.4B
$3B$2B
$2.9B$1.9B
$2.9B$2.7B
$2.8B$2.7B
$2.8B$34B
$2.8B$3.6B
$2.7B$6.3B
$2.6B$19B
$2.5B$9.5B
$2.4B$388M
$2.3B$2.9B
$2.3B$2.1B
$2.3B$1.6B
$2.3B$1.2B
$2.2B$8.6B
$2.2B$2.1B
$2.2B$3.6B
$2.1B$1.6B
$2.1B$3.2B
$2B$21B
$2B$2.7B
$1.9B$7.2B
$1.9B$927M
$1.9B$6.3B
$1.9B$6.1B
$1.9B$2.4B
$1.8B$685M
$1.8B-
$1.7B$1B
$1.7B$2.2B
$1.7B$1.4B
$1.6B$893M
$1.6B$3.4B
$1.6B-
$1.6B-
$1.6B$761M
$1.6B$1.6B
$1.6B$1B
$1.6B$1.5B
$1.5B$283M
$1.5B$699M
$1.5B-
$1.5B-
$1.5B$904M
$1.5B$820M
$1.5B-
$1.5B$4.4B
$1.4B$1.3B
$1.4B$709M
$1.4B$5.2B
$1.4B-
$1.4B$4.6B
$1.4B$528M
$1.3B$2.7B
$1.3B$495M
$1.3B$5.1B
$1.3B$436M
$1.3B$1.5B
$1.3B-
$1.2B$9.6B
$1.2B$1.5B
$1.2B$12B
$1.2B$1.2B
$1.2B$2.1B
$1.2B$340M
$1.2B$2.5B
$1.2B$3.6B
$1.2B$3.8B
$1.2B$169M
$1.2B$3.1B
$1.2B$1.1B
$1.2B-
$1.2B$3.9B
$1.2B$911M
$1.1B$2.7B
$1.1B$7.4B
$1.1B$233M
$1.1B$1B
$1.1B-
$1.1B$2.4B
$1.1B$1.8B
$1B-
$1B-
$1B$6.5B
$1B$1.5B
$999M$2B
$986M$822M
$962M$1.6B
$955M$685M
$945M$1.2B
$942M$1.9B
$942M$1.3B
$927M-
$896M-
$885M$300M
$869M$6.1B
$866M-
$860M-
$855M$239M
$846M$625M
$844M$637M
$835M$346M
$834M-
$828M$1.4B
$826M-
$820M-
$806M$8.5B
$805M$3.7B
$781M-
$776M-
$776M$1.2B
$774M-
$772M-
$762M$1.6B
$740M$1.4B
$733M$280M
$709M$492M
$704M$655M
$685M-
$682M$315M
$679M$1.2B
$676M$356M
$650M$466M
$650M$791M
$647M-
$644M-
$631M$470M
$613M$211M
$604M-
$603M$636M
$603M$527M
$598M$849M
$590M-
$588M$232M
$587M-
$572M$309M
$567M$3.6B
$561M$2.7B
$558M-
$554M-
$547M-
$546M$181M
$545M$395M
$542M$278M
$542M$14B
$535M$1.1B
$533M$2.3B
$526M$251M
$523M$685M
$491M$2.1B
$491M$524M
$490M-
$485M$607M
$473M$7B
$472M$1.3B
$461M$201M
$460M-
$452M-
$446M$3B
$445M-
$415M-
$415M-
$410M-
$398M$762M
$394M-
$391M$257M
$390M$531M
$388M-
$367M$316M
$365M$2.4B
$362M-
$358M$493M
$348M$521M
$347M$410M
$344M$254M
$343M-
$334M-
$330M-
$321M$178M
$319M-
$316M$238M
$314M$428M
$312M$198M
$310M$2.1B
$309M$1.2B
$307M-
$306M-
$305M-
$304M$426M
$302M$2.5B
$299M-
$295M-
$290M$111M
$288M-
$287M$1.4B
$279M$1.9B
$278M$79M
$277M$16M
$275M-
$275M$2.3B
$275M-
$273M$945M
$271M-
$270M$912M
$268M-
$263M$197M
$257M$861M
$255M-
$252M$748M
$246M-
$245M$310M
$242M$355M
$238M-
$236M-
$235M$80M
$232M$252M
$231M-
$229M-
$226M$2.6B
$225M-
$224M-
$219M$493M
$219M-
$214M-
$211M-
$211M-
$210M-
$207M-
$207M$220M
$205M-
$204M-
$204M-
$200M-
$199M$120M
$198M-
$197M-
$196M-
$194M-
$191M$923M
$190M-
$188M-
$187M$2.7B
$182M-
$181M-
$181M$1B
$179M-
$174M$57M
$174M-
$170M-
$169M-
$169M-
$168M-
$167M$1.8B
$163M$289M
$161M$1.2B
$153M-
$152M$52M
$151M-
$149M$669M
$143M-
$141M-
$139M$377M
$134M$260M
$134M-
$133M-
$132M$763M
$127M-
$127M-
$126M-
$125M-
$125M$140M
$124M-
$124M$135M
$123M$250M
$121M$401M
$115M$1.2B
$106M-
$105M$984M
$105M-
$103M$79M
$100M$363M
$98M$112M
$97M$29M
$96M$711M
$95M-
$94M$310M
$92M-
$91M-
$90M-
$90M-
$90M-
$89M$172M
$87M$89M
$86M$16M
$85M-
$84M-
$84M-
$83M$208M
$81M$1.3B
$78M$102M
$78M-
$76M-
$75M-
$74M$177M
$73M$123M
$72M-
$71M-
$69M$363M
$68M-
$66M-
$65M-
$65M-
$64M-
$63M-
$63M-
$62M-
$61M-
$58M-
$57M-
$57M-
$56M-
$56M-
$56M$29M
$54M$246M
$52M-
$50M-
$49M-
$45M-
$45M-
$45M-
$45M-
$44M-
$44M-
$44M-
$44M-
$43M-
$43M-
$42M$66M
$42M-
$40M$64M
$40M$37M
$40M-
$37M-
$36M-
$34M-
$34M-
$33M-
$33M-
$32M-
$32M-
$31M-
$30M-
$30M-
$30M-
$29M-
$28M-
$28M-
$28M-
$26M-
$26M-
$26M-
$25M-
$25M-
$25M-
$24M-
$24M-
$24M-
$24M-
$23M$462M
$23M-
$23M$72M
$23M-
$22M-
$22M-
$22M$48M
$21M-
$20M-
$20M-
$19M-
$18M-
$18M-
$17M-
$17M-
$16M-
$16M-
$16M-
$15M-
$14M-
$14M-
$13M-
$13M-
$12M-
$12M$1.3B
$12M$46M
$12M-
$12M-
$12M-
$11M-
$11M-
$11M-
$11M-
$11M-
$10M-
$10M-
$10M-
$10M$21M
$10M$11M
$10M-
$9M-
$9M-
$9M$39M
$9M-
$9M$18M
$9M-
$9M-
$7M-
$7M-
$7M-
$7M-
$7M-
$7M-
$6M-
$6M$21M
$5M-
$5M-
$5M-
$5M-
$4M$5M
$4M-
$4M-
$4M-
$3M-
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M$15M
$1M-
$1M-
$1M-
$937K-
$790K-
$764K-
$324K-
$208K-
$142K-
$7K-
$1K$11M
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