PepsiCo (BUE:PEP) EBIT: ARS16,467,351 Mil (TTM As of Mar. 2026)


BUE:PEP PepsiCo Inc BUE:PEP
77 GF Score
Price ARS12,240.00
GF Value ARS14,894.80
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PepsiCo EBIT?

PepsiCo BUE:PEP +2.68% 77 EBIT is ARS16,467,351 Mil as of Mar. 2026. GuruFocus rates BUE:PEP with a GF Score™ of 77/100 and a GF Value™ of ARS14,894.80 (Modestly Undervalued). The stock has 2 warning signs investors should review.

PepsiCo's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ARS4,573,660 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ARS16,467,351 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PepsiCo's annualized ROC % for the quarter that ended in Mar. 2026 was 10.73%. PepsiCo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.42%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PepsiCo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.77%.


PepsiCo  (BUE:PEP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

PepsiCo's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=17970245.904 * ( 1 - 21.28% )/( (137936450.039 + 125675666.984)/ 2 )
=14146177.575629/131806058.5115
=10.73 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=155888465.844 - 24940935.284 - ( 13832690.058 - max(0, 47556585.21 - 40567665.731+13832690.058))
=137936450.039

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=154710226.289 - 34013710.073 - ( 15140197.84 - max(0, 48207295.987 - 43228145.219+15140197.84))
=125675666.984

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

PepsiCo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=18294638.764/( ( (48842604.453 + max(-13072109.828, 0)) + (41677491.414 + max(-5611157.549, 0)) )/ 2 )
=18294638.764/( ( 48842604.453 + 41677491.414 )/ 2 )
=18294638.764/45260047.9335
=40.42 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13448045.476 + 8483953.136 + 1550190.239) - (24940935.284 + 0 + 11613363.395)
=-13072109.828

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17332646.142 + 8684500.257 + 2385406.125) - (34013710.073 + 0 + 0)
=-5611157.549

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

PepsiCo's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=16467351.076/345206351.338
=4.77 %

* 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 EBIT Related Terms


PepsiCo EBIT Historical Data

* Premium members only.

The historical data trend for PepsiCo's EBIT 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.

PepsiCo EBIT Chart

PepsiCo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,179,967.14 1,952,116.55 4,417,196.00 12,993,650.13 16,496,172.35

PepsiCo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 2,778,092.26 2,173,824.00 4,882,054.59 4,837,812.80 4,573,659.69

BUE:PEP vs MNST, KO, KDP: EBIT Comparison

For the Beverages - Non-Alcoholic subindustry, PepsiCo's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PepsiCo's EV-to-EBIT falls into.


BUE:PEP
77GF Score
PepsiCo Inc BUE:PEP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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PepsiCo EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS16,467,351 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ARS16,467,351 Mil mean?
PepsiCo (BUE:PEP) has a EBIT of ARS16,467,351 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PepsiCo.
Is PepsiCo's EBIT too high?
PepsiCo's current EBIT is ARS16,467,351 Mil. Overall, PepsiCo has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PepsiCo's EBIT compare to MNST and KO?
PepsiCo's EBIT of ARS16,467,351 Mil can be compared against companies in the Beverages - Non-Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Beverages - Non-Alcoholic company?
A good EBIT depends on the Beverages - Non-Alcoholic industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PepsiCo. PepsiCo's current EBIT is ARS16,467,351 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PepsiCo stock overvalued right now?
Based on GuruFocus' analysis, PepsiCo (BUE:PEP) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS14,894.80, compared to a current price of ARS12,240.00 — trading 17.8% below its estimated fair value. The current EBIT is ARS16,467,351 Mil. PepsiCo's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For PepsiCo (BUE:PEP), the current EBIT is ARS16,467,351 Mil 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 PepsiCo (BUE:PEP) Overvalued in 2026?

Based on GuruFocus' analysis, PepsiCo stock appears to be undervalued. The current stock price of ARS12,240.00 is trading 17.8% below its estimated GF Value™ of ARS14,894.80. GuruFocus considers PepsiCo to be Modestly Undervalued.

Key valuation signals for BUE:PEP:

  • EBIT: ARS16,467,351 Mil
  • GF Value™: ARS14,894.80 vs. price of ARS12,240.00 (17.8% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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


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 drink offerings. Convenience foods account for approximately 58% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US, but uses bottlers overseas for beverages. International markets made up 41% of total sales and 46% of operating profits before corporate expenses in 2025.
77GF Score

Get the complete analysis for BUE:PEP

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

ARS12,240.00
Price
ARS14,894.80
GF Value