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PepsiCo (PepsiCo) Net Current Asset Value

: $-40.06 (As of Dec. 2023)
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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

PepsiCo's net current asset value per share for the quarter that ended in Dec. 2023 was $-40.06.

The historical rank and industry rank for PepsiCo's Net Current Asset Value or its related term are showing as below:

PEP's Price-to-Net-Current-Asset-Value is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 6.25
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

PepsiCo Net Current Asset Value Historical Data

The historical data trend for PepsiCo's Net Current Asset Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PepsiCo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -33.15 -40.92 -39.44 -38.85 -40.06

PepsiCo Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Current Asset Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -38.85 -38.88 -38.70 -38.18 -40.06

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, PepsiCo's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PepsiCo Price-to-Net-Current-Asset-Value Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where PepsiCo's Price-to-Net-Current-Asset-Value falls into.



PepsiCo Net Current Asset Value Calculation

PepsiCo's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(26950-81858-134-0)/1374
=-40.06

PepsiCo's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(26950-81858-134-0)/1374
=-40.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PepsiCo  (NAS:PEP) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


PepsiCo Net Current Asset Value Related Terms

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PepsiCo (PepsiCo) Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.
Executives
Hugh F Johnston officer: EVP, Operations PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Becky Schmitt officer: EVP & Chief HR Officer 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Jennifer Bailey director 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Susan M Diamond director 500 W MAIN ST., LOUISVILLE KY 40202
Robert C Pohlad director 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Ramkumar Krishnan officer: CEO Intl Beverages & CCO TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Marie T. Gallagher officer: SVP and Controller PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Paula Santilli officer: CEO, Latin America PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Ramon Laguarta officer: CEO, PepsiCo Europe PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Steven C Williams officer: CEO, PFNA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Kirk Tanner officer: President & COO, NAB PEPSICO, INC. 700 ANDERSON HILL ROAD, PURCHASE NY 10577
David Flavell officer: EVP, Gen Counsel & Corp Sec PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Eugene Willemsen officer: CEO, AMESA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Edith W Cooper director C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11249
Dave J Lewis director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577

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