Pepsico Inc (PEP)
Consumer Staples · Soft Drinks & Non-alcoholic Beverages · US stock · S&P 500 component
$131.49
▲ +3.11 (2.42%)
Fair valueUndervalued
$218 +65.4% to fair value
$109fair band $152–$283$326
Day's range
$128.82 – $131.59
52-week range
$123.47 – $166.41
About Pepsico Inc
PepsiCo is a global food and beverage company. Its portfolio includes snack brands such as Lay's and Doritos, soft drinks and other beverages, and packaged foods such as Quaker oats. It makes concentrates and finished products, then sells them through supermarkets, convenience stores, restaurants and bottling partners. Revenue comes from product sales, and results are influenced by ingredient costs, pricing decisions and consumer demand.
Shareholders receive a dividend, yielding 4.4%. Looking at the numbers, trailing revenue is $98.2 billion, and it expanded at 2.8% a year across three years. Operating margin is 15.3%, while return on invested capital is 18%. Leverage, measured as net debt to EBITDA, is 2.4 times. Taken together, these figures give an X-Ray Score of 59 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $123.47 – $166.41Volume 10,695,300Daily, split-adjusted
Vitals
Market cap$179.7B
52-week range$123.47 – $166.41
Volume (last day)10,695,300
P/E (TTM)16.5
EBIT / EV yield6.7%
Free-cash-flow yield5.8%
Dividend yield4.4%
Revenue (TTM)$98.2B
Net income (TTM)$10.9B
Operating margin15.3%
Return on capital17.7%
Debt incl. leases$56.7B
Cash & securities$11.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$218model spread $202 – $235
Undervalued
+65.4% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $131
Undervalued < $152Fair $152 – $283Overvalued > $283
10-year DCF (market-scaled)
$237
Peer multiples
$192
Earnings power floor (not blended)
$72
Fundamentals-adjusted multiple
$224
Growth the price implies
3.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Staples peers. Open a lens to see the numbers behind it.
Valuation
Strong
79/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield6.7%
Free-cash-flow yield5.8%
Fair value vs price1.7×
Growth
Weak
48/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)2.8%
EPS growth (3y)-2.2%
Growth consistency70%
Profitability
Fair
65/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital17.7%
Operating margin15.3%
Gross profitability47.5%
Financial health
Weak
39/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA2.4×
Interest cover13.6×
Dividends
Fair
61/100
Dividend is typical for its sector.
See the numbers →
Dividend yield4.4%
Dividends vs free cash flow76%
Dividend growth7.4%
Quarterly results: last 6 quarters
+1.0%
Jun '25
+2.7%
Sep '25
+5.6%
Dec '25
+8.5%
Mar '26
+6.4%
Jun '26
+5.6%
Sep '26
Revenue against the same quarter a year earlier. Latest quarter revenue $25.3B, diluted EPS $2.23.
Compare with peers
MNST Monster Beverage Corp75 KO Coca Cola Co45 KDP Keurig Dr Pepper Inc.43Other Soft Drinks & Non-alcoholic Beverages companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 11 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 57/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $79.5B | $86.4B | $91.5B | $91.9B | $93.9B |
| Operating income | $11.2B | $11.5B | $12.0B | $12.9B | $11.5B |
| Net income | $7.6B | $8.9B | $9.1B | $9.6B | $8.2B |
| Operating cash flow | $11.6B | $10.8B | $13.4B | $12.5B | $12.1B |
| Operating margin | 14.0% | 13.3% | 13.1% | 14.0% | 12.2% |
| Free cash flow | $7.0B | $5.6B | $7.9B | $7.2B | $7.7B |
| Diluted EPS | $5.49 | $6.42 | $6.56 | $6.95 | $6.00 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 127.3 | Bullish |
| EMA 10 | 128.3 | Bullish |
| SMA 20 | 127.8 | Bullish |
| EMA 20 | 129.0 | Bullish |
| SMA 50 | 133.9 | Bearish |
| EMA 50 | 132.4 | Bearish |
| SMA 100 | 136.5 | Bearish |
| EMA 100 | 136.2 | Bearish |
| SMA 200 | 143.8 | Bearish |
| EMA 200 | 139.6 | Bearish |
Oscillators (daily)
| RSI (14) | 54.60 | Neutral |
| MACD (12, 26) | -1.44 | Bearish |
| Momentum (12) | 3.76 | Bullish |
| Stochastic %K (14) | 82.85 | Bearish |
| Williams %R (14) | -17.15 | Bearish |
| CCI (20) | 128.0 | Bearish |
Pivot points (classic, last session)
S3 126.9 | S2 127.9 | S1 129.7 | Pivot 130.6 | R1 132.4 | R2 133.4 | R3 135.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
5.81 USD
Yield on today's price
4.42%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 4 Sep 2026 | 1.4800 |
| 5 Jun 2026 | 1.4800 |
| 6 Mar 2026 | 1.4230 |
| 5 Dec 2025 | 1.4230 |
| 5 Sep 2025 | 1.4230 |
| 6 Jun 2025 | 1.4230 |
| 7 Mar 2025 | 1.3550 |
| 6 Dec 2024 | 1.3550 |
| 6 Sep 2024 | 1.3550 |
| 7 Jun 2024 | 1.3550 |
| 29 Feb 2024 | 1.2650 |
| 30 Nov 2023 | 1.2650 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
PEP SEC filings
16 Oct 2026
8-KSEC EDGAR
Other events
8 Oct 2026
8-KSEC EDGAR
Results of operations
8 Oct 2026
10-QSEC EDGAR
Quarterly report
17 Sep 2026
8-KSEC EDGAR
Director or officer change
9 Jul 2026
8-KSEC EDGAR
Results of operations
9 Jul 2026
10-QSEC EDGAR
Quarterly report
22 May 2026
8-KSEC EDGAR
Other events
8 May 2026
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.