Price to Earnings (P/E)
since 2005
Calculation
Monolithic Power Systems Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 3, 2025 | 15.51 | = | 578.92 | ÷ | 37.33 | 37.33 | = | 1,786,700 | ÷ | 47,866,000 | |
| Nov 6, 2024 | 89.41 | = | 785.29 | ÷ | 8.78 | 8.78 | = | 427,374 | ÷ | 48,661,000 | |
| Feb 24, 2023 | 52.21 | = | 483.06 | ÷ | 9.25 | 9.25 | = | 437,672 | ÷ | 47,305,000 | |
| Feb 25, 2022 | 88.67 | = | 461.44 | ÷ | 5.20 | 5.20 | = | 242,023 | ÷ | 46,509,000 | |
| Mar 1, 2021 | 107.98 | = | 389.05 | ÷ | 3.60 | 3.60 | = | 164,375 | ÷ | 45,621,000 | |
| Feb 28, 2020 | 65.01 | = | 158.64 | ÷ | 2.44 | 2.44 | = | 108,839 | ÷ | 44,602,000 | |
| Mar 1, 2019 | 55.52 | = | 136.18 | ÷ | 2.45 | 2.45 | = | 105,268 | ÷ | 42,916,000 | |
| Mar 1, 2018 | 74.81 | = | 115.77 | ÷ | 1.55 | 1.55 | = | 65,203 | ÷ | 42,132,242 | |
| Mar 1, 2017 | 69.85 | = | 89.44 | ÷ | 1.28 | 1.28 | = | 52,720 | ÷ | 41,171,970 | |
| Feb 29, 2016 | 67.50 | = | 59.06 | ÷ | 0.87 | 0.87 | = | 35,172 | ÷ | 40,199,618 | |
| Mar 2, 2015 | 59.95 | = | 54.16 | ÷ | 0.90 | 0.90 | = | 35,495 | ÷ | 39,290,882 | |
| Mar 10, 2014 | 62.17 | = | 36.80 | ÷ | 0.59 | 0.59 | = | 22,898 | ÷ | 38,686,172 | |
| Mar 5, 2013 | 56.87 | = | 24.55 | ÷ | 0.43 | 0.43 | = | 15,756 | ÷ | 36,501,530 | |
| Mar 12, 2012 | 46.78 | = | 18.20 | ÷ | 0.39 | 0.39 | = | 13,301 | ÷ | 34,185,705 | |
| Mar 4, 2011 | 18.04 | = | 15.10 | ÷ | 0.84 | 0.84 | = | 29,563 | ÷ | 35,315,748 | |
| Feb 16, 2010 | 38.79 | = | 21.66 | ÷ | 0.56 | 0.56 | = | 19,674 | ÷ | 35,235,634 | |
| Feb 27, 2009 | 18.09 | = | 12.95 | ÷ | 0.72 | 0.72 | = | 24,226 | ÷ | 33,836,887 | |
| Mar 11, 2008 | 48.63 | = | 16.70 | ÷ | 0.34 | 0.34 | = | 11,580 | ÷ | 33,722,501 | |
| Mar 16, 2007 | — | = | 13.33 | ÷ | -0.09 | -0.09 | = | -2,863 | ÷ | 31,210,854 | |
| Mar 28, 2006 | 90.35 | = | 15.75 | ÷ | 0.17 | 0.17 | = | 5,107 | ÷ | 29,297,785 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Monolithic Power Systems Inc. Annual Report.
The financial data reveals a long-term trajectory of aggressive growth in both share price and earnings per share, accompanied by significant fluctuations in valuation multiples. The relationship between price and earnings demonstrates a market that has historically assigned a high growth premium to the company, though this premium has experienced periods of extreme expansion and sudden contraction.
- Share Price Evolution
- A sustained upward trend is observed from 2006 through late 2024, with the share price rising from 15.75 to a peak of 785.29. This growth was relatively gradual until 2021, after which the price experienced accelerated gains before correcting to 578.92 by March 2025.
- Earnings Per Share (EPS) Performance
- Earnings exhibited long-term growth, despite an initial period of volatility including a negative EPS of -0.09 in 2007. EPS grew steadily from 0.17 in 2006 to 9.25 by February 2023. A substantial surge is noted in the final reporting period, where EPS increased sharply to 37.33, marking the most significant single-year growth in the recorded history.
- Price-to-Earnings (P/E) Ratio Trends
- The P/E ratio has historically remained elevated, often oscillating between 40 and 75. A notable contraction occurred in 2009, with the ratio dropping to 18.09. This was followed by a period of valuation expansion that peaked in March 2021 at 107.98, suggesting high market expectations for future growth.
- Recent Valuation Realignment
- A dramatic shift in valuation is evident between November 2024 and March 2025. The P/E ratio plummeted from 89.41 to 15.51. This compression is attributed to the combination of a declining share price and a disproportionately large increase in earnings per share, resulting in a valuation multiple that is significantly lower than the historical average.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Monolithic Power Systems Inc., P/E, long-term trends, comparison to competitors
| Monolithic Power Systems Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 3, 2025 | 15.51 | 110.61 | 66.48 | 19.20 | 175.56 | — | 34.24 | 27.05 | — | 145.72 | 56.68 | 18.95 | 34.72 |
| Nov 6, 2024 | 89.41 | 317.27 | 27.14 | 19.63 | 36.78 | 109.27 | 20.04 | 19.26 | — | — | 131.70 | 17.07 | 22.24 |
| Feb 24, 2023 | 52.21 | 96.16 | 31.21 | 13.55 | 20.70 | 14.54 | 16.89 | 13.77 | — | 6.62 | 68.08 | 9.75 | 18.88 |
| Feb 25, 2022 | 88.67 | 45.54 | 68.31 | 22.05 | 40.73 | 10.59 | 25.97 | 21.03 | — | 13.38 | 78.54 | 17.15 | 20.38 |
| Mar 1, 2021 | 107.98 | 41.66 | 41.43 | 22.31 | 66.38 | 11.02 | 25.92 | 24.23 | 7.94 | 21.80 | 67.59 | 28.06 | 27.95 |
| Feb 28, 2020 | 65.01 | 169.62 | 31.04 | 20.25 | 47.09 | 13.91 | 18.44 | 13.64 | — | 7.98 | 22.77 | 22.03 | 24.47 |
| Mar 1, 2019 | 55.52 | 68.76 | 22.17 | 9.75 | 8.14 | 10.41 | 23.02 | 11.70 | 20.02 | 3.40 | 48.05 | — | 18.05 |
| Mar 1, 2018 | 74.81 | 282.39 | 44.94 | 16.16 | 63.27 | 22.15 | 15.04 | 15.33 | 372.92 | 9.20 | 36.34 | 31.96 | 27.77 |
| Mar 1, 2017 | 69.85 | — | 26.07 | 20.68 | — | 16.72 | 17.18 | 15.81 | — | — | 28.95 | 17.37 | 21.45 |
| Feb 29, 2016 | 67.50 | — | 27.06 | 15.88 | 28.48 | 11.85 | 22.54 | 17.37 | 17.70 | 6.25 | 19.88 | 17.18 | 17.66 |
| Mar 2, 2015 | 59.95 | — | 27.51 | 27.87 | 98.35 | 13.90 | 20.52 | 18.20 | 24.44 | 11.39 | 22.17 | 16.11 | 21.89 |
| Mar 10, 2014 | 62.17 | — | 23.06 | 78.13 | 23.31 | 12.80 | 17.82 | 66.48 | 17.31 | 14.78 | 14.02 | 17.19 | 22.29 |
| Mar 5, 2013 | 56.87 | — | 18.56 | 118.67 | 13.97 | 9.48 | 11.45 | 37.82 | 14.87 | — | 15.69 | 16.21 | 21.47 |
| Mar 12, 2012 | 46.78 | 10.61 | 11.45 | 7.52 | 12.75 | 10.29 | 7.61 | 6.16 | 11.31 | 32.47 | 41.12 | 20.59 | 17.06 |
| Mar 4, 2011 | 18.04 | 13.36 | 15.08 | 18.91 | 15.37 | 10.60 | 25.53 | 13.40 | 36.98 | 4.16 | — | 22.76 | 12.93 |
| Feb 16, 2010 | 38.79 | 17.53 | 35.03 | — | — | 26.39 | — | — | 39.76 | — | — | 46.01 | 20.53 |
| Feb 27, 2009 | 18.09 | — | 6.28 | 14.45 | — | 12.70 | 18.23 | 10.91 | — | — | 13.91 | 17.31 | 10.17 |
| Mar 11, 2008 | 48.63 | — | 18.79 | 14.37 | — | 16.91 | 21.95 | 6.95 | — | — | 22.62 | 19.70 | 15.55 |
| Mar 16, 2007 | — | — | 20.98 | 16.71 | — | 23.84 | 25.83 | 17.41 | 50.71 | 25.89 | 27.68 | 24.33 | 10.29 |
| Mar 28, 2006 | 90.35 | 118.04 | 33.33 | 25.22 | — | 13.93 | 20.83 | 13.36 | 67.90 | 45.76 | 42.67 | 30.98 | 20.56 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Monolithic Power Systems Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Monolithic Power Systems Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Mar 3, 2025 | 15.51 | 81.32 |
| Nov 6, 2024 | 89.41 | 49.31 |
| Feb 24, 2023 | 52.21 | 23.72 |
| Feb 25, 2022 | 88.67 | 25.08 |
| Mar 1, 2021 | 107.98 | 24.71 |
| Feb 28, 2020 | 65.01 | 19.59 |
| Mar 1, 2019 | 55.52 | 13.92 |
| Mar 1, 2018 | 74.81 | 24.36 |
| Mar 1, 2017 | 69.85 | 26.55 |
| Feb 29, 2016 | 67.50 | 15.22 |
| Mar 2, 2015 | 59.95 | 17.33 |
| Mar 10, 2014 | 62.17 | 17.07 |
| Mar 5, 2013 | 56.87 | 15.65 |
| Mar 12, 2012 | 46.78 | 12.72 |
| Mar 4, 2011 | 18.04 | 13.77 |
| Feb 16, 2010 | 38.79 | 55.18 |
| Feb 27, 2009 | 18.09 | 21.75 |
| Mar 11, 2008 | 48.63 | 23.45 |
| Mar 16, 2007 | — | 20.73 |
| Mar 28, 2006 | 90.35 | 20.78 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Monolithic Power Systems Inc., P/E, long-term trends, comparison to industry (information technology)
| Monolithic Power Systems Inc. | Information Technology | |
|---|---|---|
| Mar 3, 2025 | 15.51 | 45.43 |
| Nov 6, 2024 | 89.41 | 36.13 |
| Feb 24, 2023 | 52.21 | 26.99 |
| Feb 25, 2022 | 88.67 | 29.75 |
| Mar 1, 2021 | 107.98 | 30.97 |
| Feb 28, 2020 | 65.01 | 23.40 |
| Mar 1, 2019 | 55.52 | 23.17 |
| Mar 1, 2018 | 74.81 | 23.55 |
| Mar 1, 2017 | 69.85 | 19.69 |
| Feb 29, 2016 | 67.50 | 16.54 |
| Mar 2, 2015 | 59.95 | 17.14 |
| Mar 10, 2014 | 62.17 | 14.15 |
| Mar 5, 2013 | 56.87 | 14.37 |
| Mar 12, 2012 | 46.78 | 13.71 |
| Mar 4, 2011 | 18.04 | 15.08 |
| Feb 16, 2010 | 38.79 | 21.50 |
| Feb 27, 2009 | 18.09 | 15.83 |
| Mar 11, 2008 | 48.63 | 36.48 |
| Mar 16, 2007 | — | 32.07 |
| Mar 28, 2006 | 90.35 | 33.76 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).