STOCK COMPARISON
Varun Beverages vs Coca-Cola: Fair Value & Quality
Both stocks run through our valuation models. Here is how Varun Beverages (VBL) and Coca-Cola (KO) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Coca-Cola as the less overvalued of the two: Varun Beverages trades at ₹496 versus a fair value of ₹187 (-62%), while Coca-Cola trades at $86.85 versus $36.57 (-58%).
Varun Beverages
VBL.BSE · INR · Consumer Staples
-62%
upside to fair value
overvalued
Price₹496
Fair Value₹187
Quality56/100
Coca-Cola
KO · USD · Consumer Staples
-58%
upside to fair value
overvalued
Price$86.85
Fair Value$36.57
Quality73/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Varun BeveragesCoca-Cola
Valuation
54.6×P/E (TTM)25.6×
7.68×P/S (TTM)7.12×
8.90×P/B10.91×
33.4×EV/EBITDA22.9×
—PEG4.15×
0.2%Dividend yield2.4%
₹1.00Dividend per share$2.06
Profitability
14%Net margin28%
18%Operating margin35%
17%Return on equity43%
10%Return on assets10%
Growth
18%Revenue growth (YoY)12%
18.4%Avg. growth/yr (3Y)3.7%
27.7%Avg. growth/yr (5Y)7.7%
Balance & size
0.03×Debt / equity1.31×
$18BMarket cap$351B
expensiveGrowth qualitymixed
Coca-Cola leads: 6 to 7 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.
Varun Beveragesof which business quality 52 · market factors 64
Coca-Colaof which business quality 62 · market factors 77
ProfitabilityMargins and returns on capital today
67
71
Quality GrowthAre margins and returns improving?
57
59
CashflowEarnings quality: real cash, not paper profit
33
44
Fin. StrengthBalance sheet, leverage, solvency risk
83
51
InvestmentDisciplined investing over empire-building
14
72
Low VolatilityCalm price path (market factor)
84
96
MomentumPrice trend over the last 3–12 months (market factor)
56
61
52W MomentumDistance to the 52-week high (market factor)
54
83
Net IssuanceBuybacks instead of dilution
40
84
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Varun Beverages
DCF Models₹215
Earnings-Based₹197
Dividend Discount₹28.65
Multiples₹166
Asset-Based₹38.78
Growth DCF₹143
Economic Profit₹144
Growth Earnings₹257
26 of 26 models see the stock below the current price.
Coca-Cola
DCF Models$28.16
Earnings-Based$22.41
Dividend Discount$31.26
Multiples$32.61
Asset-Based$5.01
Growth DCF$15.88
Economic Profit$24.81
Growth Earnings$49.08
25 of 25 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.
Varun Beverages
Bear ₹115Fair Value ₹187Bull ₹341
₹496 = current price (white tick)
Coca-Cola
Bear $21.38Fair Value $36.57Bull $47.76
$86.85 = current price (white tick)
Compare two other stocks
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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.
Varun Beverages · Consumer Staples
Quality score56 · above median
Fair value upside-62% · bottom 25%
Coca-Cola · Consumer Staples
Quality score73 · Top 25%
Fair value upside-58% · bottom 25%
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Coca-Cola as the less overvalued of the two: Varun Beverages trades at ₹496 versus a fair value of ₹187 (-62%), while Coca-Cola trades at $86.85 versus $36.57 (-58%).
Coca-Cola has the higher quality score (73/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
