KO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	378.84B EUR	349.7B EUR	327.24B EUR	300.73B EUR
Enterprise Value	407.69B EUR	380.34B EUR	360.56B EUR	335.95B EUR
Valuation Multiples
Trailing P/E	26.44x	24.43x	23.88x	30.76x
Forward P/E	24.97x	--	--	--
Price to Sales	7.56x	6.98x	6.64x	8.17x
Price to Book	10.48x	9.67x	9.73x	9.35x
EV/Revenue	8.13x	7.59x	7.32x	9.13x
EV/EBITDA	23.99x	19.13x	18.49x	23.54x
Price to FCF (P/FCF)	72.59x	24.46x	26.05x	27.83x
EV/FCF	78.12x	26.6x	28.7x	31.09x
FCF Yield	1.38%	4.09%	3.84%	3.59%