Coca-Cola Co (WAR:COLA) Cyclically Adjusted PB Ratio: (As of Sep. 15, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:COLA Coca-Cola Co WAR:COLA
67 GF Score
Price zł334.65
GF Value zł274.57
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Coca-Cola Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coca-Cola Co  (WAR:COLA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Coca-Cola Co Cyclically Adjusted PB Ratio Related Terms


Coca-Cola Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Coca-Cola Co's Cyclically Adjusted PB Ratio 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.

Coca-Cola Co Cyclically Adjusted PB Ratio Chart

Coca-Cola Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.06 9.68 9.17 10.01 11.23

Coca-Cola Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial 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 11.35 10.61 11.23 12.00 12.69

WAR:COLA vs PEP, MNST, KDP: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


Coca-Cola Co Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca-Cola Co's Cyclically Adjusted PB Ratio falls into.


WAR:COLA
67GF Score
Coca-Cola Co WAR:COLA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coca-Cola Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Coca-Cola Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Coca-Cola Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=31.609/333.9520*333.9520
=31.609

Current CPI (Jun. 2026) = 333.9520.

Coca-Cola Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.747 241.428 31.464
201612 20.235 241.432 27.989
201703 20.143 243.801 27.591
201706 19.395 244.955 26.442
201709 19.526 246.819 26.419
201712 15.082 246.524 20.431
201803 17.324 249.554 23.183
201806 16.209 251.989 21.481
201809 16.146 252.439 21.360
201812 14.969 251.233 19.898
201903 15.634 254.202 20.539
201906 16.001 256.143 20.862
201909 16.435 256.759 21.376
201912 16.685 256.974 21.683
202003 15.910 258.115 20.585
202006 15.316 257.797 19.840
202009 16.292 260.280 20.903
202012 16.878 260.474 21.639
202103 17.765 264.877 22.398
202106 19.400 271.696 23.845
202109 19.321 274.310 23.522
202112 20.007 278.802 23.965
202203 21.583 287.504 25.070
202206 20.008 296.311 22.550
202209 19.843 296.808 22.326
202212 20.955 296.797 23.578
202303 21.937 301.836 24.271
202306 22.635 305.109 24.775
202309 22.906 307.789 24.853
202312 22.656 306.746 24.665
202403 23.082 312.332 24.680
202406 22.574 314.175 23.995
202409 23.149 315.301 24.518
202412 21.738 315.605 23.002
202503 22.905 319.799 23.919
202506 24.987 322.561 25.869
202509 27.328 324.800 28.098
202512 28.137 324.054 28.996
202603 29.408 330.213 29.741
202606 31.609 333.952 31.609

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Coca-Cola Co (WAR:COLA) Overvalued in 2026?

Based on GuruFocus' analysis, Coca-Cola Co stock appears to be overvalued. The current stock price of zł334.65 is trading 21.9% above its estimated GF Value™ of zł274.57. GuruFocus considers Coca-Cola Co to be Modestly Overvalued.

Key valuation signals for WAR:COLA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: zł274.57 vs. price of zł334.65 (21.9% above fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the WAR:COLA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coca-Cola Co Business Description

Address One Coca-Cola Plaza, Atlanta, GA, USA, 30313
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around 60% of its total revenue overseas, with sizable contributions from emerging economies in Latin America and Asia-Pacific.
67GF Score

Get the complete analysis for WAR:COLA

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł334.65
Price
zł274.57
GF Value