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Coca-Cola Co (NYSE:KO)
Shiller P/E Ratio
23.31 (As of Today)

As of today, Coca-Cola Co's current share price is $42.65. Coca-Cola Co's E10 for the quarter that ended in Jun. 2016 was $1.83. Coca-Cola Co's Shiller P/E Ratio for today is 23.31.

KO' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 19.75   Max: 33.95
Current: 23.3


During the past 13 years, Coca-Cola Co's highest Shiller P/E Ratio was 33.95. The lowest was 19.75. And the median was 24.51.

KO's Shiller P/E Ratio is ranked higher than
74% of the 19 Companies
in the Global Beverages - Soft Drinks industry.

( Industry Median: 29.02 vs. KO: 23.30 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Coca-Cola Co's adjusted earnings per share data for the three months ended in Jun. 2016 was $0.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.83 for the trailing ten years ended in Jun. 2016.


For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Coca-Cola Co's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Coca-Cola Co's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Coca-Cola Co's adjusted earnings per share data for the three months ended in Jun. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)

Current CPI (Jun. 2016) = 241.038.

Coca-Cola Co Quarterly Data

per share eps 0.3600.5800.4800.1800.3500.7100.3300.2800.3400.790
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 0.3670.5870.4860.1850.3570.7170.3340.2850.3440.790
per share eps 0.4800.3600.4500.6100.5000.4100.3900.5900.5400.380
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 0.5100.3850.4730.6410.5210.4300.4040.6090.5560.393
per share eps 0.2900.4400.4050.3300.3450.5100.4401.2350.4100.600
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.3290.4920.4520.3680.3820.5640.4861.3580.4420.641
per share eps 0.3100.1450.2700.4000.3550.2600.3200.3050.4050.215
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 0.3680.1730.3170.4630.4100.2980.3610.3360.4460.247

Add all the adjusted EPS together and divide 10 will get our E10.


Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.

Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.

Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Coca-Cola Co Annual Data

ShillerPE 27.2832.7223.4026.4725.4124.7423.2924.8224.8624.45

Coca-Cola Co Quarterly Data

ShillerPE 22.9124.6024.4524.8623.5222.1922.6824.4526.0524.76
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