Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Coca-Cola HBC AG's Enterprise Value is €20,974 Mil.
Coca-Cola HBC AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €1,433 Mil. Therefore, Coca-Cola HBC AG's EV-to-EBIT ratio for today is 14.63.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Coca-Cola HBC AG's Enterprise Value is €20,974 Mil.
Coca-Cola HBC AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €1,859 Mil. Therefore, Coca-Cola HBC AG's EV-to-EBITDA ratio for today is 11.28.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Coca-Cola HBC AG's Enterprise Value is €20,974 Mil.
Coca-Cola HBC AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €11,605 Mil. Therefore, Coca-Cola HBC AG's EV-to-Revenue ratio for today is 1.81.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Coca-Cola HBC AG (ATH:EEE) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Coca-Cola HBC AG's current Enterprise Value is €20,974 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Coca-Cola HBC AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €1,433 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Coca-Cola HBC AG's current Enterprise Value is €20,974 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Coca-Cola HBC AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €1,859 Mil.
Coca-Cola HBC AG's current Enterprise Value is €20,974 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Coca-Cola HBC AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €11,605 Mil.
Coca-Cola HBC AG's current Enterprise Value is €20,974 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Coca-Cola HBC AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €1,514 Mil.
Coca-Cola HBC AG's current Enterprise Value is €20,974 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Coca-Cola HBC AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €761 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.
Coca-Cola HBC AG Enterprise Value Related Terms
Coca-Cola HBC AG Enterprise Value Historical Data
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The historical data trend for Coca-Cola HBC AG's Enterprise 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.
ATH:EEE vs KO, PEP, MNST: Enterprise Value Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG's Enterprise Value, along with its competitors' market caps and Enterprise 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.
Coca-Cola HBC AG Enterprise Value vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Coca-Cola HBC AG's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Coca-Cola HBC AG's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 HBC AG (ATH:EEE) has a Enterprise Value of €20,974 Mil as of Jun. 24, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Coca-Cola HBC AG and its competitors.
Is Coca-Cola HBC AG's Enterprise Value too high?
Coca-Cola HBC AG's current Enterprise Value is €20,974 Mil. Overall, Coca-Cola HBC AG has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's Enterprise Value compare to KO and PEP?
Coca-Cola HBC AG's Enterprise Value of €20,974 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 Enterprise Value for a Beverages - Non-Alcoholic company?
A good Enterprise Value depends on the Beverages - Non-Alcoholic industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Coca-Cola HBC AG and its competitors. Coca-Cola HBC AG's current Enterprise Value is €20,974 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €38.50, compared to a current price of €53.50 — trading 39% above its estimated fair value. The current Enterprise Value is €20,974 Mil. Coca-Cola HBC AG's overall GF Score™ is 96/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Coca-Cola HBC AG (ATH:EEE), the current Enterprise Value is €20,974 Mil as of Jun. 24, 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 HBC AG (ATH:EEE) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued.
The current stock price of €53.50 is trading 39% above its estimated GF Value™ of €38.50.
GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.
Key valuation signals for ATH:EEE:
Enterprise Value: €20,974 Mil
GF Value™: €38.50 vs. price of €53.50 (39% above fair value)
No single metric tells the full story. See the ATH:EEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
96GF Score
Get the complete analysis for ATH:EEE
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