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Coca-Cola CoFRA:CCC3 -3.72%80 Debt-to-EBITDA is 2.09 as of Mar. 2026, which is 31% below its 10-year median of 3.05. GuruFocus rates FRA:CCC3 with a GF Score™ of 80/100 and a GF Value™ of €61.29 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 98 Beverages - Non-Alcoholic companies, Coca-Cola Co ranks worse than 64.29% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Coca-Cola Co's Debt-to-EBITDA or its related term are showing as below:
FRA:CCC3'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.28 Med: 3.05 Max: 5.3
Current: 2.28
During the past 13 years, the highest Debt-to-EBITDA Ratio of Coca-Cola Co was 5.30. The lowest was 2.28. And the median was 3.05.
FRA:CCC3's Debt-to-EBITDA is ranked worse than 64.29% of 98
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.305
vs FRA:CCC3: 2.28
Coca-Cola Co (FRA:CCC3) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Coca-Cola Co Debt-to-EBITDA Related Terms
Coca-Cola Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Coca-Cola Co's Debt-to-EBITDA 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.
FRA:CCC3 vs PEP, MNST, KDP: Debt-to-EBITDA Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Coca-Cola Co's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Coca-Cola Co (FRA:CCC3) has a Debt-to-EBITDA of 2.09 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Coca-Cola Co. This is 31% below median its historical median of 3.05. Over the past decade, Coca-Cola Co's Debt-to-EBITDA has ranged from 2.28 to 5.30. According to the industry distribution chart, Coca-Cola Co ranks #63 out of 98 companies in the Beverages - Non-Alcoholic industry, placing it in the top 64.3%.
Is Coca-Cola Co's Debt-to-EBITDA too high?
Coca-Cola Co's current Debt-to-EBITDA of 2.09 is 31% below median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 5.30. The Beverages - Non-Alcoholic industry median Debt-to-EBITDA is 1.31. Coca-Cola Co's value of 2.09 is 60.2% above this industry median. Based on the distribution chart, Coca-Cola Co ranks #63 out of 98 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Coca-Cola Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola Co's Debt-to-EBITDA compare to PEP and MNST?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola Co ranks #63 out of 98 companies for Debt-to-EBITDA. This places Coca-Cola Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.31. Coca-Cola Co's value of 2.09 is 60.2% above this benchmark. Historically, Coca-Cola Co's own Debt-to-EBITDA has ranged from 2.28 to 5.30 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 1.31, Coca-Cola Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Beverages - Non-Alcoholic company?
The median Debt-to-EBITDA among Beverages - Non-Alcoholic companies is 1.31, based on 98 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coca-Cola Co's current Debt-to-EBITDA of 2.09 is 60.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Coca-Cola Co. For the Beverages - Non-Alcoholic industry, the median Debt-to-EBITDA is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola Co's current Debt-to-EBITDA is 2.09, which is 31% below median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola Co stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola Co (FRA:CCC3) is currently considered Modestly Overvalued. The stock's GF Value™ is €61.29, compared to a current price of €71.16 — trading 16.1% above its estimated fair value. The current Debt-to-EBITDA is 2.09, which is 31% below median its 10-year median of 3.05 and 60.2% above the Beverages - Non-Alcoholic industry median of 1.31. Coca-Cola Co's overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Coca-Cola Co (FRA:CCC3), the current Debt-to-EBITDA is 2.09 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Coca-Cola Co (FRA:CCC3) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola Co stock appears to be overvalued.
The current stock price of €71.16 is trading 16.1% above its estimated GF Value™ of €61.29.
GuruFocus considers Coca-Cola Co to be Modestly Overvalued.
Key valuation signals for FRA:CCC3:
Debt-to-EBITDA: 2.09 (31% below median its 10-year median of 3.05)
GF Value™: €61.29 vs. price of €71.16 (16.1% above fair value)
Industry Position: 60.2% above the Beverages - Non-Alcoholic median (#63 of 98)
No single metric tells the full story. See the FRA:CCC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
80GF Score
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