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
$419B$446B$50B8.9x25.9x
$268B$337B$109B3.1x15.7x
$194B$235B$99B2.4x12.4x
$167B$236B$64B3.7x10.2x
$141B$173B$58B3.0x13.2x
$89B$85B$9.7B8.9x29.0x
$84B$105B$40B2.6x15.6x
$65B$61B$8.8B7.0x15.5x
$51B$64B$24B2.6x14.7x
$49B$48B$7.2B6.7x28.9x
$49B$58B$31B1.9x10.6x
$48B$84B$25B3.4x12.8x
$45B$51B$9.3B5.5x23.5x
$44B$43B---
$38B$50B$86B0.6x11.0x
$35B$40B$12B3.2x13.2x
$30B$26B$4.5B5.7x18.7x
$29B$37B$18B2.0x14.2x
$29B$45B$25B1.8x8.9x
$26B$28B$6.2B4.5x19.2x
$26B$26B$2.7B9.5x40.1x
$25B$28B$11B2.6x15.0x
$25B$28B$17B1.6x8.1x
$24B$26B$7.2B3.6x16.5x
$22B$26B$14B1.9x9.3x
$21B$14B
$21B$56B
$21B$38B
$18B$26B
$18B$18B
$18B$7.6B
$17B$12B
$17B$23B
$16B$12B
$16B$2.8B
$14B$9B
$14B$7.2B
$13B$21B
$13B$1.7B
$13B$88B
$13B$8.7B
$13B$1.6B
$12B$7.9B
$12B$7.2B
$12B$12B
$12B$2.2B
$12B$12B
$12B$6.3B
$12B$9.3B
$11B$2.3B
$11B$28B
$11B$13B
$10B$7.3B
$10B$1.2B
$10B$5B
$9.9B$12B
$9.8B$12B
$8.6B$6.8B
$8.4B$5B
$8.1B$14B
$8B$3.1B
$7.9B$14B
$7.6B$6.6B
$7.5B$20B
$7.5B$15B
$7.3B$7.6B
$7.3B$14B
$7.3B$1.5B
$7.1B$2.2B
$6.9B$11B
$6.9B$19B
$6.6B$9.7B
$6.5B$18B
$6.3B$1.3B
$6.3B$5.8B
$6.2B$3.5B
$6.1B$911M
$6.1B$9.7B
$5.8B$7.2B
$5.5B$1.8B
$5.3B$4.2B
$5.2B$5.2B
$5.1B$8.6B
$5B$4.6B
$5B$3.1B
$4.8B$6.5B
$4.8B$2.8B
$4.7B$4.8B
$4.6B$4.7B
$4.6B$4.5B
$4.6B$17B
$4.5B$30B
$4.4B$2.7B
$4.3B$4.5B
$4.3B-
$4.3B$8.6B
$4.3B$3.8B
$4.2B$4.9B
$4.2B$3.5B
$4.2B$4B
$4.2B$5.5B
$4.1B$3.3B
$3.9B$4.1B
$3.7B$791M
$3.6B$1.2B
$3.5B$8.1B
$3.4B$1.1B
$3.4B$1.2B
$3.4B$9.3B
$3.3B$7.3B
$3.3B$2.8B
$3.3B$2.7B
$3.2B$1.9B
$3.2B$4.6B
$3.1B$2.7B
$3.1B$3.3B
$3B$2B
$3B$2.6B
$2.8B$6.3B
$2.8B$3.5B
$2.7B$35B
$2.6B$2.1B
$2.5B$1.2B
$2.5B$19B
$2.5B$9.5B
$2.4B$406M
$2.4B$2.9B
$2.4B$2.1B
$2.3B$1.6B
$2.3B$8.7B
$2.3B$1.5B
$2.2B$3.7B
$2.1B$3.2B
$2.1B$2.8B
$2B$931M
$2B$22B
$2B$6B
$2B$6.3B
$1.9B$2.4B
$1.9B$7.2B
$1.8B$692M
$1.8B$882M
$1.8B$2.2B
$1.8B-
$1.8B$1.4B
$1.7B$292M
$1.7B$757M
$1.7B-
$1.7B$1B
$1.7B$698M
$1.6B$1.6B
$1.6B$1.5B
$1.6B$3.3B
$1.6B-
$1.6B$898M
$1.6B$1.3B
$1.6B$5.3B
$1.6B$821M
$1.6B-
$1.6B$1B
$1.5B-
$1.5B-
$1.5B-
$1.5B$710M
$1.5B$4.3B
$1.4B-
$1.4B-
$1.4B$172M
$1.4B$2.7B
$1.4B$501M
$1.4B$436M
$1.4B$527M
$1.3B$1.5B
$1.3B$9.7B
$1.3B$346M
$1.3B$3.6B
$1.3B$4.6B
$1.3B-
$1.3B$5.1B
$1.3B$3.9B
$1.3B$1.5B
$1.3B$12B
$1.3B$2.5B
$1.2B$2.7B
$1.2B$3.8B
$1.2B$1.2B
$1.2B-
$1.2B$2.4B
$1.2B$903M
$1.2B$3.1B
$1.2B$1.2B
$1.1B$1.8B
$1.1B$6.7B
$1.1B$234M
$1.1B$695M
$1.1B$1.3B
$1.1B$2B
$1.1B$7.5B
$1.1B$1B
$1.1B-
$1B$1.9B
$1B$698M
$1B-
$1B$1.5B
$995M-
$977M-
$972M$823M
$927M-
$914M$1.6B
$895M$1.9B
$891M$302M
$888M$6.1B
$884M$348M
$879M-
$876M$625M
$853M-
$852M$242M
$842M$1.2B
$830M$3.7B
$822M$289M
$820M$8.5B
$818M-
$803M$1.4B
$791M-
$770M-
$762M$495M
$761M$1.6B
$742M$361M
$727M$664M
$718M-
$718M-
$715M$500M
$715M$1.2B
$711M$1.4B
$710M-
$701M-
$696M$236M
$692M-
$676M$787M
$662M$668M
$658M$1.2B
$649M-
$624M$213M
$622M-
$622M$481M
$609M$837M
$604M-
$603M$524M
$598M-
$583M$696M
$581M$2.3B
$579M$311M
$574M-
$557M$181M
$554M$14B
$551M$2.7B
$547M$279M
$537M-
$536M$3.5B
$529M$1.1B
$528M$250M
$507M-
$500M-
$496M$2.1B
$491M$606M
$486M$524M
$477M$192M
$465M-
$464M$6.8B
$462M$3B
$460M-
$458M$1.5B
$451M-
$446M$394M
$434M$455M
$427M$310M
$422M-
$422M-
$417M$409M
$406M-
$401M-
$395M$254M
$385M$733M
$383M$528M
$379M$541M
$367M-
$364M$490M
$362M$2.4B
$360M$324M
$354M-
$354M-
$351M-
$347M-
$343M$182M
$331M$2.1B
$323M-
$322M-
$322M-
$316M$2.5B
$315M$255M
$314M$198M
$311M$238M
$304M-
$303M-
$298M-
$291M$782M
$289M-
$286M$71M
$286M-
$283M$1.2B
$282M$116M
$278M$852M
$278M$2.2B
$277M$1.9B
$275M$16M
$274M$328M
$272M$1.8B
$271M-
$270M-
$268M-
$265M$1.5B
$264M$208M
$260M-
$257M-
$256M$58M
$249M$315M
$246M-
$242M$253M
$241M$951M
$241M$426M
$235M$903M
$235M-
$231M-
$229M$2.6B
$228M-
$225M-
$221M-
$218M-
$218M$220M
$216M-
$214M-
$213M-
$209M-
$206M-
$206M-
$199M-
$197M-
$196M-
$196M-
$196M-
$195M-
$195M-
$192M-
$192M-
$190M$349M
$185M$121M
$185M$58M
$183M$2.7B
$182M$1.2B
$182M-
$180M-
$179M-
$178M$469M
$178M-
$176M$1B
$176M-
$169M-
$168M-
$157M$669M
$154M-
$154M-
$153M-
$151M-
$149M$915M
$145M$51M
$143M$285M
$141M-
$141M-
$141M-
$138M$372M
$138M$761M
$137M-
$135M$260M
$132M-
$129M-
$129M$139M
$123M-
$121M-
$118M$401M
$113M$133M
$108M$29M
$108M$1.2B
$106M$112M
$106M-
$106M$984M
$104M$361M
$101M$251M
$101M$79M
$93M$704M
$92M-
$92M-
$92M$310M
$91M-
$90M-
$90M-
$90M-
$90M-
$89M$89M
$86M-
$86M$17M
$86M-
$85M-
$82M$208M
$82M-
$82M$1.3B
$80M-
$79M-
$78M$103M
$78M-
$77M$175M
$76M-
$75M$123M
$73M-
$71M-
$71M-
$69M-
$67M-
$65M$357M
$64M$174M
$62M-
$62M-
$62M-
$61M-
$57M-
$57M-
$57M-
$57M-
$55M-
$53M$24M
$53M-
$51M-
$50M-
$50M-
$50M-
$49M-
$48M-
$48M-
$47M$243M
$47M-
$47M-
$45M-
$45M-
$45M-
$44M-
$43M-
$42M-
$41M$64M
$40M-
$39M$65M
$37M-
$37M$36M
$36M-
$34M-
$34M-
$33M-
$31M-
$31M-
$30M-
$30M-
$30M-
$29M-
$29M-
$29M-
$28M-
$28M-
$28M-
$28M-
$26M-
$25M-
$24M-
$24M$457M
$22M-
$22M-
$22M-
$22M$71M
$22M-
$21M-
$21M-
$21M-
$21M-
$21M-
$21M-
$20M-
$18M-
$18M$48M
$17M-
$17M-
$17M-
$17M-
$17M-
$17M-
$15M-
$15M-
$14M-
$14M-
$13M-
$13M$1.2B
$13M-
$12M-
$12M-
$11M-
$11M-
$10M-
$10M-
$10M-
$10M$44M
$10M$11M
$10M-
$10M-
$10M-
$10M-
$10M-
$9M-
$9M$38M
$9M-
$9M-
$8M-
$8M-
$8M$22M
$8M-
$8M-
$8M-
$7M-
$7M-
$7M-
$7M-
$7M$18M
$6M-
$6M-
$6M$20M
$6M-
$5M-
$5M-
$5M-
$4M-
$4M-
$4M-
$3M-
$3M-
$3M$5M
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M$15M
$2M-
$1M-
$1M-
$1M-
$1M-
$936K-
$770K-
$743K-
$411K-
$155K-
$139K-
$9K$11M
$5K-
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