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STOCK COMPARISON

Coca-Cola vs Varun Beverages: Fair Value & Quality

Both stocks run through our valuation models. Here is how Coca-Cola (KO) and Varun Beverages (VBL) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Varun Beverages as the less overvalued of the two: Coca-Cola trades at $88.81 versus a fair value of $36.57 (-59%), while Varun Beverages trades at ₹412 versus ₹187 (-54%).
Coca-Cola
KO · USD · Consumer Staples
-59%
upside to fair value
overvalued
Price$88.81
Fair Value$36.57
Quality67/100
Varun Beverages
VBL.BSE · INR · Consumer Staples
-54%
upside to fair value
overvalued
Price₹412
Fair Value₹187
Quality51/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Coca-ColaVarun Beverages
Valuation
25.6×P/E (TTM)43.7×
7.12×P/S (TTM)7.68×
10.91×P/B8.90×
22.9×EV/EBITDA33.4×
4.15×PEG—
−58.8%Fair value upside−54.5%
2.3%Dividend yield0.2%
$2.06Dividend per share₹1.00
Profitability
35%Operating margin18%
1.05×EBIT margin trend (5Y)1.83×
43%Return on equity17%
10%Return on assets10%
Growth
12%Revenue growth (YoY)18%
3.7%Avg. growth/yr (3Y)18.4%
7.7%Avg. growth/yr (5Y)27.7%
+9.8%Value creation/yr+11.1%
Balance & size
8.3×Interest coverage (EBIT/interest)22.6×
1.31×Debt / equity0.03×
$351BMarket cap$18B
mixedGrowth qualityexpensive

Varun Beverages leads: 6 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Coca-Colaof which business quality 62 · market factors 79 Varun Beveragesof which business quality 52 · market factors 42
ProfitabilityMargins and returns on capital today
71
67
Quality GrowthAre margins and returns improving?
59
57
CashflowEarnings quality: real cash, not paper profit
44
33
Fin. StrengthBalance sheet, leverage, solvency risk
51
83
InvestmentDisciplined investing over empire-building
72
14
Low VolatilityCalm price path (market factor)
96
82
MomentumPrice trend over the last 3–12 months (market factor)
65
30
52W MomentumDistance to the 52-week high (market factor)
85
18
Net IssuanceBuybacks instead of dilution
84
40

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCoca-ColaPrice $88.81Varun BeveragesPrice ₹412
DCF Models-68%below the price$28.16-52%below the price₹199
Earnings-Based-75%below the price$22.41-52%below the price₹197
Dividend Discount-65%below the price$31.26-93%below the price₹28.65
Multiples-56%below the price$39.24-59%below the price₹171
Asset-Based-94%below the price$5.01-91%below the price₹38.78
Growth DCF-87%below the price$11.71-73%below the price₹112
Economic Profit-72%below the price$24.81-65%below the price₹144
Growth Earnings-42%below the price$51.37-36%below the price₹262
Minimum-94%below the price$5.01-93%below the price₹28.65
Maximum-42%below the price$51.37-36%below the price₹262
Median-70%below the price$26.48-62%below the price₹157
Geometric mean-75%below the price$22.15-72%below the price₹115

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Coca-Cola: 25 of 25 models see the stock below the current price.

Varun Beverages: 25 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Coca-Cola
Bear $21.38Fair Value $36.57Bull $47.76
$88.81 = current price (white tick)
Varun Beverages
Bear ₹90.57Fair Value ₹187Bull ₹235
₹412 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Coca-Cola · Consumer Staples

Quality score67 · Top 25%
Fair value upside-59% · bottom 25%

Varun Beverages · Consumer Staples

Quality score51 · below median
Fair value upside-54% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Varun Beverages as the less overvalued of the two: Coca-Cola trades at $88.81 versus a fair value of $36.57 (-59%), while Varun Beverages trades at ₹412 versus ₹187 (-54%).

Coca-Cola has the higher quality score (67/100).

See the full analysis →
Coca-Cola · Varun Beverages

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.