yet the stock price keeps going higher. Sounds like irrational exuberance to me.
Warm weather coming and with it $42.00 shares!!"! Cuffs
I feel sorry for the investors who bought at $38 and over. No stock is worth owning at any price especially after the next market downturn.
With today's price It's trading at 17.4 times next years earnings. It's average multiple is 18. It's not overvalued.
It is considering sales a not increasing at the same pace as they did when those "average multiples" were current.
The stock also has very high valuation. A very successful company but it's best days are likely behind it .
I agree with a PE 20 it looks slightly over valued and an investor looking to enter KO should wait for a better entry price whether that comes from a market correction or through growth causing the market to undervalue it.