Pepsico Inc (PEP)

Beverages

Latest Price

$137.34

TTM P/E

17.25

Normalized P/E

20.82

TTM Div Yield

4.23%

Fwd Div Yield

4.23%

Book Value

16.33

P/B Ratio

8.41

Valuation metrics

EPS: $6.00

Book value / share: $23.54

Formula: √(22.5 × EPS × BVPS)

Graham Number

$56.37

59% downside

Norm. op. income: $11.5B (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$55.96

59% downside

Base FCF: $7.2B (median of recent 5yr)

Growth: 8%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$128.98

6% downside

EPS: $6.00

Target P/E: 21×

Formula: EPS × P/E

P/E Fair Value

$126.00

8% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	118.28M	$16.02B	13.74%	+2.44M	2026-06-30
Vanguard Capital Management LLC	89.26M	$12.09B	10.37%	+450.2K	2026-06-30
State Street Corp	60.41M	$8.18B	7.02%	+987.6K	2026-06-30
Invesco Ltd.	43.11M	$5.84B	5.01%	+31.05M	2026-06-30
Vanguard Portfolio Management LLC	37.16M	$5.03B	4.32%	+704.4K	2026-06-30
Sixth Street Partners Management Company, L.P.	36.10M	$4.89B	4.19%	--	2026-06-30
Charles Schwab Investment Management Inc	36.10M	$4.89B	4.19%	+5.89M	2026-06-30
Geode Capital Management, LLC	34.98M	$4.73B	4.06%	+365.9K	2026-06-30
JPMorgan Chase & Co	30.60M	$4.24B	3.55%	+1.00M	2026-06-30
Morgan Stanley	26.62M	$3.60B	3.09%	+34.0K	2026-06-30