Latest Ratios: P/E Ratio 50.2x · EV/EBITDA 36.8x · ROE 26.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $95.2B | $75.5B | $53.2B | $61.0B | $54.1B | $51.4B | $49.5B | $34.7B | $27.8B | $36.5B | $26.6B |
| Enterprise Value | $93.1B | $73.4B | $52.1B | $58.7B | $52.8B | $50.1B | $48.3B | $33.9B | $27.1B | $36.0B | $26.2B |
| P/E Ratio → | 50.19 | 39.52 | 35.28 | 37.41 | 45.32 | 37.22 | 35.03 | 31.47 | 27.97 | 44.58 | 36.95 |
| P/S Ratio | 11.48 | 9.10 | 7.11 | 8.54 | 8.58 | 9.28 | 10.76 | 8.27 | 7.29 | 10.84 | 8.72 |
| P/B Ratio | 11.61 | 9.14 | 8.94 | 7.41 | 7.71 | 7.83 | 9.58 | 8.33 | 7.69 | 9.38 | 7.99 |
| P/FCF | 48.44 | 38.39 | 32.83 | 41.10 | 80.13 | 46.84 | 38.14 | 34.63 | 25.55 | 40.84 | 44.62 |
| P/OCF | 45.39 | 35.97 | 27.61 | 35.48 | 60.98 | 44.51 | 36.26 | 31.19 | 23.90 | 36.99 | 37.92 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.85 | 6.95 | 8.21 | 8.37 | 9.04 | 10.50 | 8.08 | 7.13 | 10.69 | 8.60 |
| EV / EBITDA | 36.76 | 28.96 | 25.91 | 29.00 | 32.09 | 27.12 | 28.56 | 23.19 | 20.24 | 28.86 | 23.28 |
| EV / EBIT | 38.50 | 29.48 | 26.99 | 30.03 | 33.33 | 27.88 | 29.56 | 24.20 | 21.14 | 30.03 | 24.16 |
| EV / FCF | — | 37.33 | 32.11 | 39.55 | 78.20 | 45.63 | 37.23 | 33.83 | 24.96 | 40.25 | 43.99 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.8% | 55.8% | 54.0% | 53.1% | 50.3% | 56.1% | 59.2% | 60.0% | 60.3% | 63.5% | 63.7% |
| Operating Margin | 29.2% | 29.2% | 25.8% | 27.4% | 25.1% | 32.4% | 35.5% | 33.4% | 33.7% | 35.6% | 35.6% |
| Net Profit Margin | 23.0% | 23.0% | 20.1% | 22.8% | 18.9% | 24.9% | 30.7% | 26.4% | 26.1% | 24.4% | 23.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.8% | 26.8% | 21.3% | 21.4% | 17.5% | 23.5% | 30.2% | 28.5% | 26.5% | 22.7% | 17.5% |
| ROA | 21.5% | 21.5% | 17.3% | 18.1% | 14.8% | 19.7% | 24.8% | 22.9% | 21.3% | 18.4% | 14.7% |
| ROIC | 33.1% | 33.1% | 27.0% | 25.2% | 21.7% | 29.2% | 33.3% | 33.2% | 30.4% | 28.5% | 29.1% |
| ROCE | 31.9% | 31.9% | 25.5% | 24.7% | 22.4% | 29.2% | 32.9% | 33.3% | 31.5% | 30.3% | 24.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.06 | — | — | — | — | — | — | — | — |
| Debt / EBITDA | — | — | 0.19 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.25 | -0.19 | -0.28 | -0.19 | -0.20 | -0.23 | -0.19 | -0.18 | -0.14 | -0.11 |
| Net Debt / EBITDA | -0.82 | -0.82 | -0.58 | -1.14 | -0.79 | -0.72 | -0.70 | -0.55 | -0.48 | -0.42 | -0.34 |
| Debt / FCF | — | -1.06 | -0.71 | -1.55 | -1.93 | -1.21 | -0.91 | -0.80 | -0.59 | -0.59 | -0.63 |
| Interest Coverage | 377.14 | 377.14 | 69.19 | — | — | — | — | — | — | — | — |
Net cash position: cash ($2.1B) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.70 | 3.70 | 3.32 | 4.81 | 4.76 | 4.85 | 4.19 | 3.50 | 3.00 | 3.72 | 3.04 |
| Quick Ratio | 3.15 | 3.15 | 2.65 | 3.97 | 3.82 | 4.24 | 3.74 | 2.96 | 2.54 | 3.27 | 2.70 |
| Cash Ratio | 1.91 | 1.91 | 1.40 | 2.80 | 2.66 | 3.19 | 2.75 | 2.01 | 1.59 | 2.14 | 1.27 |
| Asset Turnover | — | 0.83 | 0.97 | 0.74 | 0.76 | 0.71 | 0.74 | 0.82 | 0.84 | 0.70 | 0.73 |
| Inventory Turnover | 4.58 | 4.58 | 4.67 | 3.44 | 3.35 | 4.10 | 5.63 | 4.66 | 5.44 | 4.81 | 6.84 |
| Days Sales Outstanding | — | 71.20 | 59.51 | 61.04 | 58.77 | 59.06 | 52.86 | 46.95 | 46.46 | 48.70 | 68.59 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 2.5% | 2.8% | 2.7% | 2.2% | 2.7% | 2.9% | 3.2% | 3.6% | 2.2% | 2.7% |
| FCF Yield | 2.1% | 2.6% | 3.0% | 2.4% | 1.2% | 2.1% | 2.6% | 2.9% | 3.9% | 2.4% | 2.2% |
| Buyback Yield | 0.1% | 0.1% | 7.1% | 1.1% | 1.4% | 0.0% | 1.2% | 2.0% | 4.8% | 1.0% | 8.5% |
| Total Shareholder Yield | 0.1% | 0.1% | 7.1% | 1.1% | 1.4% | 0.0% | 1.2% | 2.0% | 4.8% | 1.0% | 8.5% |
| Shares Outstanding | — | $984M | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.2B |
Competitive shelf space erosion
Based on current market data, Monster trades at a forward P/E of 41.96, which suggests that investors are pricing in significant long-term compounding potential relative to the broader consumer defensive sector, despite the inherent risks associated with maintaining such a high valuation multiple in a volatile market.
The current P/E of 49.68 TTM indicates that the market views Monster as a high-growth compounder rather than a traditional beverage staple. This valuation appears to bake in aggressive international expansion and successful integration of recent acquisitions, leaving little room for error if volume growth fails to meet these elevated expectations.
According to recent financial statements, Monster's ROIC has trended toward 8.5% in 2026Q1, reflecting a business model that prioritizes asset-light operations through its strategic bottling partnerships, which effectively minimizes the capital intensity typically required to scale a global beverage brand in highly competitive retail environments.
The company's ability to maintain these returns without heavy investment in manufacturing infrastructure is a testament to the Coca-Cola distribution agreement. However, investors should monitor whether the recent entry into lower-margin alcohol categories may exert downward pressure on these returns over the coming fiscal periods.
As reported in quarterly filings, the cash conversion cycle reached 79 days in 2026Q1, a metric that warrants further investigation as it suggests potential inefficiencies in inventory management or distributor payment terms compared to the leaner operational profiles observed in more mature, vertically integrated beverage industry peers.
The elevated DIO of 69 days indicates that inventory turnover remains a primary area for potential optimization. While the current CCC is manageable given the company's liquidity, any sustained increase in this cycle could signal a buildup of slower-moving stock or a weakening of leverage over the distribution network.
Based on the latest balance sheet data, Monster maintains a current ratio of 3.26, providing a substantial liquidity buffer that appears more than adequate to navigate potential supply chain disruptions or to fund opportunistic acquisitions without the need for external financing in the current interest rate environment.
The company's quick ratio of 2.80 further underscores a highly liquid position, effectively insulating the firm from short-term operational shocks. This financial flexibility is a key differentiator, allowing management to prioritize long-term brand equity over the immediate cash constraints that often plague smaller, high-growth beverage competitors.
The P/E ratio is frequently misapplied to Monster, as it obscures the company's unique status as a flavor-science and logistics platform rather than a traditional manufacturer, potentially leading analysts to undervalue the firm's true earning power by ignoring the significant non-cash charges inherent in its accounting.
Investors should instead focus on EV/EBITDA or free cash flow yield to better capture the underlying cash-generative capacity of the business. Relying solely on P/E fails to account for the strategic value of the Coca-Cola distribution network, which acts as a structural barrier to entry that traditional earnings metrics cannot fully quantify.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MNST stock.
Monster Beverage Corporation's current P/E ratio is 50.2x. The historical average is 28.7x. This places it at the 97th percentile of its historical range.
Monster Beverage Corporation's current EV/EBITDA is 36.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.2x.
Monster Beverage Corporation's return on equity (ROE) is 26.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 28.5%.
Based on historical data, Monster Beverage Corporation is trading at a P/E of 50.2x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Monster Beverage Corporation has 55.8% gross margin and 29.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.