KO EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
KO's ev/ebitda is right around its 10-year median of 20.5.
EV/EBITDA History
KO EV/EBITDA by year
Yearly range of KO’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 15.3 to 28.5, averaging 21.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 17.5 | 19.7 | 21.6 | 20.7 |
| 2025 | 17.1 | 19.7 | 22.4 | 18.0 |
| 2024 | 18.4 | 19.9 | 22.2 | 19.2 |
| 2023 | 16.4 | 19.6 | 22.2 | 18.3 |
| 2022 | 18.4 | 20.3 | 22.8 | 21.6 |
| 2021 | 17.0 | 19.6 | 22.0 | 18.8 |
| 2020 | 15.3 | 19.4 | 22.7 | 21.6 |
| 2019 | 21.1 | 24.3 | 26.6 | 21.1 |
| 2018 | 22.5 | 24.9 | 28.1 | 24.0 |
| 2017 | 20.0 | 24.5 | 28.5 | 27.3 |
| 2016 | 18.2 | 18.7 | 19.2 | 18.6 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is KO EV/EBITDA High or Low Right Now?
The Coca-Cola Company's EV/EBITDA is currently 20.7, which is around average relative to its 10-year historical range. The 10-year median EV/EBITDA for KO is approximately 20.5. See all KO valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.