COCA COLA CO (KO)

Beverages

Latest Price

$87.59

TTM P/E

Normalized P/E

33.87

Div Yield

1.77%

Book Value

7.82

P/B Ratio

11.20

Valuation metrics

EPS: $3.04

Book value / share: $7.46

Formula: √(22.5 × EPS × BVPS)

Graham Number

$22.59

74% downside

Norm. op. income: $10.3B (median of 7yr)

Tax rate: 18%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$12.18

86% downside

Base FCF: $9.5B (median of recent 5yr)

Growth: 3%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$24.20

72% downside

EPS: $3.04

Target P/E: 34×

Formula: EPS × P/E

P/E Fair Value

$103.36

+18% upside

70.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Berkshire Hathaway Inc	400.00M	$30.42B	9.30%	--	2026-03-31
BlackRock, Inc.	333.60M	$25.37B	7.75%	+14.92M	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	237.45M	$18.06B	5.52%	--	2026-03-31
STATE STREET CORP	167.22M	$12.80B	3.89%	-627.9K	2026-03-31
FMR LLC	107.58M	$8.18B	2.50%	-2.39M	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	99.95M	$7.60B	2.32%	--	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	92.95M	$7.05B	2.16%	+2.97M	2026-03-31
MORGAN STANLEY	91.89M	$6.99B	2.14%	-1.31M	2026-03-31
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	76.34M	$5.81B	1.77%	+4.84M	2026-03-31
BANK OF AMERICA CORP /DE/	44.02M	$3.35B	1.02%	+3.84M	2026-03-31