National Beverage Corp.
$2.76B- Market cap
- $3.02B
- Debt
- +$88.49M
- Cash
- −$349.54M
Capital structure 97% equity / 3% debt · EV / Revenue 2.34x · EV / EBITDA 9.89x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: FIZZ stock price at discount vs PEP $32.24 current versus $44.96 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PEP's multiple
Implied fair value · at FIZZ's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: FIZZ FY 2026 (ended May 2, 2026) · PEP FY 2025 (ended Dec 27, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 97% equity / 3% debt · EV / Revenue 2.34x · EV / EBITDA 9.89x
Capital structure 78% equity / 22% debt · EV / Revenue 2.47x · EV / EBITDA 13.35x
PEP carries the larger enterprise value at $231.53B against $2.76B; FIZZ trades on the lower EV / Revenue multiple (2.34x vs 2.47x); FIZZ on the lower EV / EBITDA (9.89x vs 13.35x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
National Beverage Corp. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
PepsiCo, Inc. · implied price per share
Bear
$41.55
Base
$55.36
Bull
$74.00
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.14x
2.61x
Net debt / EBITDA
Leverage against operating earnings
-0.94x
2.52x
Cash and equivalents
Liquid reserves on the balance sheet
$349.54M
$9.53B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$88.49M
$53.21B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe FIZZ can re-accelerate revenue growth from -1.7% while sustaining its superior margins and ROIC, then the relative-value case supports owning the stock because PEP-based valuation implies 43.4% upside.
FIZZ’s current price of $31.53 sits below PEP-implied price of $45.21, indicating 43.4% upside on a relative P/E basis. However, the stock is already inside its historical band and below the DCF range midpoint, so the valuation gap is supportive but not definitive.
Supporting Metrics