Coca-Cola’s forward earnings multiple of 23.1 is also more reasonable, but it’s still slightly higher than the S&P 500 as a whole, making Coca-Cola’s stock look overvalued. Coca-Cola’s forward PE ratio is also higher than its consumer staples sector peers, which are averaging a 20.3 forward earnings multiple.

https://talkmarkets.com/content/stocks–equities/is-coca-colas-stock-overvalued-or-undervalued?post=332770