Coca-Cola Consolidated Inc (COKE) is slightly overvalued and Coca-Cola Co (KO) is overvalued.
Both trade above our estimate of their intrinsic value. COKE is the closer of the two: -15%, against -80% for KO.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.9% (average of 3 methods) values the shares at $166.54; the price of $190.98 is 15% above that value, and 80% of that value comes from beyond year five.
Leak Score 44/100 on 2 of 12 signals
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $49.15; the price of $88.61 is 80% above that value, and 82% of that value comes from beyond year five.
Leak Score 65/100 on 10 of 12 signals
| Metric | COKE | KO |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $190.98 | $88.61 |
| Intrinsic value | $166.54 | $49.15 |
| Margin of safety | -15% | -80% |
| Leak Score | 44/100 (2/12) | 65/100 (10/12) |
| Market cap | $12.7B | $381.2B |
| Revenue growth, 5 years | 7.6% | 7.9% |
| Operating margin | 13.0% | 31.9% |
| Net margin | 7.2% | 28.3% |
| Return on equity | 97.3% | 44.2% |
| Debt to equity | — | 1.20 |
| P/E | 26.1x | 26.7x |
| Forward P/E | — | 25.1x |
| P/B | — | 10.6x |
| Dividend yield | 0.5% | 2.5% |