Monster Beverage Corp (MNST) stock analysis
Close on Nov 11, 2026Market cap $44.47BP/E 40.9Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
Monster Beverage passes 10 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 2/6
- Growth
- 1/6
- Past performance
- 1/6
- Financial health
- 6/6
- Dividend
- 0/6
What stands out
Trading below fair value
The share price of $45.40 is below our fair value estimate of $48.46.
Return on capital over 10%
Return on invested capital was 37.0%, above the 10% that usually covers the cost of capital.
No debt
Monster Beverage has no borrowings on its latest balance sheet.
Interest well covered
No meaningful interest expense to cover.
What to watch
Margin of safety under 20%
The price is 6.3% below fair value, less than the 20% cushion we look for.
Revenue growing under 10% a year
Revenue grew 9.5% a year over the last three fiscal years, short of the 10% we look for.
P/E above its 5-year median
Monster Beverage's P/E of 40.9 is above its own 5-year median of 38.8.
P/E above the industry
Monster Beverage's P/E of 40.9 is above the Beverages median of 32.8.
Valuation2/6
P/E above its 5-year median
Monster Beverage's P/E of 40.9 is above its own 5-year median of 38.8.
P/E above the industry
Monster Beverage's P/E of 40.9 is above the Beverages median of 32.8.
EV/EBITDA below its 5-year median
Monster Beverage's EV/EBITDA of 14.3 is below its 5-year median of 27.9.
P/B above the industry
Monster Beverage's price-to-book of 4.52 is above the Beverages median of 2.94.
Trading below fair value
The share price of $45.40 is below our fair value estimate of $48.46.
Margin of safety under 20%
The price is 6.3% below fair value, less than the 20% cushion we look for.
Growth1/6
Revenue growing under 10% a year
Revenue grew 9.5% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 20.2% over the last twelve months; the Beverages median is 4.5%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin slipping
Gross margin was 55.3% over the last twelve months, against 55.8% a year earlier.
Past performance1/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 37.0%, above the 10% that usually covers the cost of capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health6/6
No debt
Monster Beverage has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets cover short-term debts
Current assets are 3.82 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 16.18; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Monster Beverage has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$48.46
The share price is 6% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 35.8× | 38.8× | 32.8× | $39.79 | 40% |
| EV/EBITDA | 21.5× | 27.9× | 15.0× | $66.37 | 35% |
| P/B | 5.5× | 8.0× | 2.9× | $55.20 | 10% |
| Earnings power | 7.4% cost of equity | – | – | $25.27 | 15% |
| Fair value | $48.46 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 38.8
- Beverages median 32.8
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $445.03M
- Value traded per 1% price move
- $352.04M
Downside
Low risk
- Typical loss in a bad month
- 12.8%
- Volatility (annualized)
- 27%
- Sharpe ratio, 1 year
- 0.95
- Beta to the S&P 500 (5Y)
- 0.48
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.7% | +9.5% | +12.5% | +11.8% | |
| Gross profit | +14.4% | +13.4% | +11.2% | +11.0% | |
| Operating income | +25.3% | +15.1% | +8.2% | +10.5% | |
| Free cash flow | +18.1% | +41.2% | +8.4% | +15.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | 3.04 | 4.19 | 3.70 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Inventory turnover | 7.0× | 5.4× | 4.8× | |
| Capex to revenue | 3.3% | 1.1% | 1.6% | |
| Diluted shares | 2.40B | 2.14B | 1.97B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Monster Beverage generated $7.79B from operations and spent $6.17B on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$2.10B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$2.10B vs –
- Less leverageLong-term debt to assets fell4.8% → –
- Better liquidityCurrent ratio rose3.32 → 3.70
- No dilutionShare count did not rise2.03B → 1.97B
- Gross margin improvedGross margin up on the prior year54.04% → 55.85%
- More efficientAsset turnover rose0.77 → 1.07
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