Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Historical Valuation Ratios (Summary)
Monolithic Power Systems Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
- Price to Earnings (P/E) Ratio
- The Price to Earnings (P/E) ratio fluctuated significantly over the observed periods, initially increasing sharply from 84.62 to a peak of 119.09 within 2021, indicating strong investor expectations or high earnings multiples. Subsequently, there was a general declining trend through 2022, reaching a low around 41.25 before experiencing intermittent rises and falls across 2023 and early 2024. By the end of the timeline, the P/E ratio dropped markedly to values near 15.51 and 16.43, reflecting a substantial revaluation downward or improved earnings relative to price.
- Price to Operating Profit (P/OP) Ratio
- The Price to Operating Profit ratio exhibited a similar pattern to P/E, rising in early 2021 from approximately 84.64 to over 112.93, then decreasing significantly through 2022 with lows near 34.45. Moderate recovery phases occurred in 2023, where values peaked around 72.73, yet this was followed by some volatility. Toward the end of the reported timeframe, a downward movement was noted with the ratio settling in the range between 49.03 and 51.38, indicating a reduction in valuation multiples relative to operating profit compared to earlier periods.
- Price to Sales (P/S) Ratio
- The Price to Sales ratio followed a comparable but less volatile pattern, increasing from 15.78 early in 2021 up to a peak over 22.89, then declining through late 2022 to values under 10. This ratio saw some partial recovery in 2023, climbing close to 19.24 before retreating again. The ratio ended around 12.56 to 12.59, suggesting that sales-based valuation multiples decreased overall after the initial high levels, reflecting changes in investor sentiment or sales growth dynamics.
- Price to Book Value (P/BV) Ratio
- The Price to Book Value ratio demonstrated high starting values in early 2021 (around 14.42 to 21.74), followed by declines throughout 2022 to lows near 10.54. This was followed by moderate gains in 2023 peaking around 17.09, accompanied by some oscillations afterward. By the end of the period, the P/BV ratio declined again to values between 8.81 and 9.19, indicating a general contraction in valuation multiples relative to book value across the timeframe.
- General Observations
- Across all valuation metrics presented, there is a clear pattern of initial high multiples in 2021, followed by a marked decline throughout 2022. Partial recovery phases in 2023 suggest fluctuating market perceptions or company performance changes. Nonetheless, the ratios generally trended downward or remained subdued into 2024 and early 2025, which could signify market adjustments to more conservative valuation levels or improved financial fundamentals.
Price to Earnings (P/E)
Monolithic Power Systems Inc., historical P/E calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Net income (in thousands) | |||||||||||||||||||||||
| Earnings per share (EPS)2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/E ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||
| Advanced Micro Devices Inc. | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| Intel Corp. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
EPS
= (Net incomeQ1 2025
+ Net incomeQ4 2024
+ Net incomeQ3 2024
+ Net incomeQ2 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Monolithic Power Systems Inc. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several notable trends in the share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the observed periods.
- Share Price
- The share price exhibited significant volatility throughout the timeline. Initially, there was a marked increase from $321.86 in March 2021 to a peak of $548.35 in September 2021. This was followed by a decline and fluctuation around the $400–$500 range through 2022 and most of 2023. Towards the end of 2023 and into 2024, the share price reached a higher peak of $795.76 in June 2024 but then showed a downward correction, settling around $627.40 by March 2025. The price movements indicate a cyclical pattern with periods of rapid appreciation followed by consolidation or retracement phases.
- Earnings Per Share (EPS)
- EPS demonstrated a progressive upward trend initially, starting at $3.80 in March 2021 and steadily increasing to $9.87 by March 2023. This growth slowed and slightly declined to approximately $8.43 through mid-2024, followed by a notable surge to $37.33 and $38.18 in the final two quarters. The substantial increase in EPS toward the end of the series suggests either a one-time gain, operational improvement, or a change in accounting practices, which merits further investigation for sustainability and quality of earnings.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio reflected considerable fluctuations parallel to changes in share price and EPS. Initially high at 84.62 in March 2021, it peaked further at 119.09 in September 2021, coinciding with strong share price growth relative to earnings. Subsequently, the ratio declined overall, reaching its lowest around 15.51 by December 2024, corresponding with the surge in EPS. This decline in P/E indicates the market's adjustment to higher earnings levels, potentially implying that shares became more reasonably valued relative to earnings despite the prior price volatility. The P/E ratio stabilized in a lower range (~15–16) in the last periods, suggesting enhanced market confidence in the earnings figures.
In summary, the share price experienced notable volatility with both sharp rises and corrections. Earnings per share increased steadily before a significant spike late in the period, which was reflected by a corresponding compression in the P/E ratio, indicating a market reevaluation of the company's valuation in light of improved profitability. These dynamics highlight periods of growth and adjustment, with the latest quarters suggesting a possible inflection point in financial performance and market perception.
Price to Operating Profit (P/OP)
Monolithic Power Systems Inc., historical P/OP calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Operating income (in thousands) | |||||||||||||||||||||||
| Operating profit per share2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/OP ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||
| Advanced Micro Devices Inc. | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| Intel Corp. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Operating profit per share
= (Operating incomeQ1 2025
+ Operating incomeQ4 2024
+ Operating incomeQ3 2024
+ Operating incomeQ2 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Monolithic Power Systems Inc. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited considerable volatility over the analyzed period. Initially, there was a notable increase from $321.86 at the end of Q1 2021 to a peak of $548.35 in Q3 2021. This was followed by fluctuations, including declines to around $343.84 in Q3 2022, recovery to a high of $795.76 by mid-2024, and a subsequent decrease to $627.40 by Q1 2025. Overall, the share price showed an upward trajectory with intermittent spikes and corrections.
- Operating Profit Per Share (OPPS) Trend
- Operating profit per share demonstrated a general upward trend throughout the period. Starting at $3.80 in Q1 2021, the figure steadily increased to a peak of $12.80 in Q1 2025. Despite slight declines observed around late 2023 where values dropped from $11.7 to $9.9, and again to $9.31 in mid-2024, the trend remained positive, indicating improving operational profitability over time.
- Price-to-Operating Profit (P/OP) Ratio Pattern
- The P/OP ratio showed high variability reflecting changes in share price relative to operating profit per share. Initially elevated at 84.64 in Q1 2021 and peaking at 112.93 in Q3 2021, the ratio decreased sharply to around 34.45 in Q3 2022, indicating improved valuation relative to profits during this period. Subsequently, the ratio fluctuated considerably, rising to 84.86 by mid-2024 before falling again to 49.03 by Q1 2025. The wide swings suggest investor sentiment and market valuation adjusted dynamically in response to operational results and market conditions.
- Analytical Insights
- The expanding operating profit per share, paired with a fluctuating but generally high share price, has led to periods of both overvaluation and more balanced pricing as indicated by the P/OP ratio. Periods of share price decline amid rising operating profit per share imply potential undervaluation or market correction phases. Conversely, spikes in the P/OP ratio in mid-2021 and mid-2024 suggest phases where the price outpaced operational profitability growth, potentially reflecting heightened investor expectations or market speculation.
Price to Sales (P/S)
Monolithic Power Systems Inc., historical P/S calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Revenue (in thousands) | |||||||||||||||||||||||
| Sales per share2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/S ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||
| Advanced Micro Devices Inc. | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| Intel Corp. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Sales per share
= (RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024
+ RevenueQ2 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Monolithic Power Systems Inc. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited notable volatility over the observed periods. Initially, it rose from 321.86 to a peak of 548.35 before declining to 343.84 in September 2022. A subsequent recovery reached a high of 795.76 by June 2024, followed by a significant drop to 578.92 in December 2024. The latest data shows a modest recovery to 627.4. This pattern suggests fluctuating investor sentiment and possible market reactions to external or internal factors affecting the company.
- Sales Per Share Trend
- Sales per share demonstrated a consistent upward trajectory across the entire timeline. Starting at 20.39, the metric steadily increased to 49.85 by March 2025. This steady growth indicates sustained revenue expansion on a per-share basis, reflecting improvements in the company’s sales performance or possibly share repurchase activities reducing outstanding shares.
- Price-to-Sales (P/S) Ratio Analysis
- The P/S ratio showed considerable fluctuation, initially climbing from 15.78 to a peak of 22.89 before declining to a low of 9.66 in September 2022. Thereafter, it rebounded to nearly 20 by mid-2024 but sharply dropped again to around 12.59 by March 2025. This volatility suggests that while sales per share were growing steadily, market valuations relative to sales were more sensitive to changes in share price and investor expectations, indicating periods of optimism and caution among market participants.
- Overall Insights
- The data reveals steady operational growth, as evidenced by rising sales per share, which implies solid fundamental performance. However, share price and valuation multiples such as the P/S ratio displayed marked volatility, reflecting fluctuating market conditions or investor sentiment. The disparity between steady sales growth and fluctuating share prices suggests external factors or cyclical market influences may be impacting the valuation dynamics more than underlying sales trends.
Price to Book Value (P/BV)
Monolithic Power Systems Inc., historical P/BV calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Stockholders’ equity (in thousands) | |||||||||||||||||||||||
| Book value per share (BVPS)2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/BV ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||
| Advanced Micro Devices Inc. | |||||||||||||||||||||||
| Analog Devices Inc. | |||||||||||||||||||||||
| Applied Materials Inc. | |||||||||||||||||||||||
| Broadcom Inc. | |||||||||||||||||||||||
| Intel Corp. | |||||||||||||||||||||||
| KLA Corp. | |||||||||||||||||||||||
| Lam Research Corp. | |||||||||||||||||||||||
| Micron Technology Inc. | |||||||||||||||||||||||
| NVIDIA Corp. | |||||||||||||||||||||||
| Qualcomm Inc. | |||||||||||||||||||||||
| Texas Instruments Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Monolithic Power Systems Inc. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several key trends in the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio over the observed periods.
- Share Price
- The share price exhibits notable volatility with a general upward trajectory from early 2021 to the end of 2024. Initially, the share price increased significantly from 321.86 US$ in March 2021 to a peak around 795.76 US$ by June 2024. However, towards the latest quarters, the share price shows a decline, falling to around 627.4 US$ by March 2025. This suggests periods of market optimism leading to rapid appreciation, followed by some correction or consolidation in the most recent period.
- Book Value Per Share (BVPS)
- The BVPS shows a consistent and steady increase over the entire period. Starting at 22.33 US$ in March 2021, it rose gradually to 68.23 US$ by March 2025. This steady growth in BVPS indicates continuous accumulation of shareholder equity and suggests that the company has been progressively strengthening its financial base without major fluctuations.
- Price-to-Book Value (P/BV) Ratio
- The P/BV ratio fluctuates significantly, reflecting changes in market perception relative to the underlying book value. It starts high at 14.42 in March 2021, peaks at 21.74 in September 2021, then decreases to a low of 8.81 by December 2024. After this, there is a slight rise to 9.19 in March 2025. The initial high ratios indicate that the market valued the company substantially above its book value, potentially on expectations of strong growth or profitability. The subsequent decline suggests a moderation in market enthusiasm or reevaluation of the company’s prospects in relation to its book value.