Start with its own history
At 17.04×, PEP is 33.8% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · PEPBeverages - Non-AlcoholicUpdated Nov 5, 2026
PepsiCo, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
17.04×
33.8% belowthe 10-year annual average
Share price142.42
÷Earnings per share8.36
Price and EPS in quote currency. Calculation details
Investors are paying 17.04 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 25.73×
3-year average23.80×3 positive annual observations
5-year average26.18×5 positive annual observations
10-year average25.73×10 positive annual observations
Peer median · TTM23.15×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 27, 2025 | 23.84× | +9.5% |
| Dec 31, 2024 | 21.79× | -15.5% |
| Dec 31, 2023 | 25.77× | -7.8% |
| Dec 31, 2022 | 27.97× | -11.3% |
| Dec 31, 2021 | 31.53× | +9.3% |
| Dec 31, 2020 | 28.85× | +10.4% |
| Dec 31, 2019 | 26.13× | +109.1% |
| Dec 31, 2018 | 12.50× | -64.4% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 35.06× | +47.1% |
| Dec 31, 2016 | 23.83× | -11.5% |
| Dec 31, 2015 | 26.93× | +22.8% |
| Dec 31, 2014 | 21.94× | +15.6% |
| Dec 31, 2013 | 18.98× | +9.8% |
| Dec 31, 2012 | 17.28× | +7.3% |
| Dec 31, 2011 | 16.10× | -2.1% |
| Dec 31, 2010 | 16.46× | +2.8% |
| Dec 31, 2009 | 16.00× | -4.8% |
| Dec 31, 2008 | 16.80× | -23.0% |
| Dec 31, 2007 | 21.81× | +19.3% |
| Dec 31, 2006 | 18.29× | -24.8% |
| Dec 31, 2005 | 24.31× | +15.0% |
| Dec 31, 2004 | 21.13× | -6.2% |
| Dec 31, 2003 | 22.52× | -9.8% |
| Dec 31, 2002 | 24.98× | -30.7% |
| Dec 31, 2001 | 36.07× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How PEP compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 PEP This stockPepsiCo, Inc. | 17.04× |
 KOThe Coca-Cola Company | 28.18× |
 KDPKeurig Dr Pepper Inc. | 33.32× |
 MNSTMonster Beverage Corporation | 44.72× |
 COKECoca-Cola Consolidated, Inc. | 21.93× |
 KOFCoca-Cola FEMSA, S.A.B. de C.V. | 18.77× |
 CCEPCoca-Cola Europacific Partners PLC | 23.15× |
 MDLZMondelez International, Inc. | 21.19× |
 GISGeneral Mills, Inc. | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does PEP’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 23.15×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take PEP into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("PEP", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 142.42 ÷ EPS 8.36 = 17.04×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
PEP P/E ratio: common questions
The essentials behind the numbers.
PepsiCo, Inc.'s current P/E is 17.04× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.