Price to Earnings (P/E)
since 2005
Calculation
Monster Beverage Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 29, 2024 | 37.71 | = | 59.10 | ÷ | 1.57 | 1.57 | = | 1,630,988 | ÷ | 1,040,636,235 | |
| Mar 1, 2023 | 43.49 | = | 49.60 | ÷ | 1.14 | 1.14 | = | 1,191,624 | ÷ | 1,044,818,716 | |
| Feb 28, 2022 | 32.43 | = | 42.20 | ÷ | 1.30 | 1.30 | = | 1,377,475 | ÷ | 1,058,717,720 | |
| Mar 1, 2021 | 32.81 | = | 43.78 | ÷ | 1.33 | 1.33 | = | 1,409,594 | ÷ | 1,056,274,072 | |
| Feb 28, 2020 | 30.25 | = | 31.21 | ÷ | 1.03 | 1.03 | = | 1,107,835 | ÷ | 1,073,792,284 | |
| Feb 28, 2019 | 34.92 | = | 31.92 | ÷ | 0.91 | 0.91 | = | 993,004 | ÷ | 1,086,296,338 | |
| Mar 1, 2018 | 37.42 | = | 27.11 | ÷ | 0.72 | 0.72 | = | 820,678 | ÷ | 1,132,805,496 | |
| Mar 1, 2017 | 33.41 | = | 21.01 | ÷ | 0.63 | 0.63 | = | 712,685 | ÷ | 1,133,238,686 | |
| Feb 29, 2016 | 46.59 | = | 20.92 | ÷ | 0.45 | 0.45 | = | 546,733 | ÷ | 1,217,519,022 | |
| Mar 2, 2015 | 49.70 | = | 23.54 | ÷ | 0.47 | 0.47 | = | 483,185 | ÷ | 1,020,097,932 | |
| Mar 3, 2014 | 35.77 | = | 12.10 | ÷ | 0.34 | 0.34 | = | 338,661 | ÷ | 1,001,262,984 | |
| Mar 1, 2013 | 24.66 | = | 8.44 | ÷ | 0.34 | 0.34 | = | 340,020 | ÷ | 993,275,160 | |
| Feb 29, 2012 | 34.82 | = | 9.53 | ÷ | 0.27 | 0.27 | = | 286,219 | ÷ | 1,045,856,052 | |
| Mar 1, 2011 | 23.68 | = | 4.70 | ÷ | 0.20 | 0.20 | = | 212,029 | ÷ | 1,068,063,168 | |
| Mar 1, 2010 | 17.69 | = | 3.49 | ÷ | 0.20 | 0.20 | = | 208,716 | ÷ | 1,057,928,316 | |
| Mar 2, 2009 | 27.61 | = | 2.75 | ÷ | 0.10 | 0.10 | = | 108,032 | ÷ | 1,084,823,592 | |
| Feb 29, 2008 | 25.93 | = | 3.46 | ÷ | 0.13 | 0.13 | = | 149,406 | ÷ | 1,119,513,492 | |
| Jun 6, 2007 | 36.30 | = | 3.29 | ÷ | 0.09 | 0.09 | = | 97,949 | ÷ | 1,080,709,488 | |
| Mar 15, 2006 | 40.25 | = | 2.36 | ÷ | 0.06 | 0.06 | = | 62,775 | ÷ | 1,070,736,288 |
Based on: 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 Monster Beverage Corp. Annual Report.
The financial performance from 2006 to 2024 demonstrates a sustained long-term expansion in both market valuation and fundamental profitability.
- Share Price Progression
- A consistent upward trajectory is observed, with the share price increasing from 2.36 US$ in 2006 to 59.10 US$ by 2024. Notable accelerations in value occurred between 2011 and 2012, as well as between 2014 and 2015, during which the price nearly doubled.
- Earnings per Share (EPS) Growth
- Earnings per share exhibited steady growth, rising from 0.06 US$ in 2006 to 1.57 US$ in 2024. While the overall trend is positive, a temporary contraction was noted in 2023, where EPS fell to 1.14 US$ before recovering to its highest level in 2024.
- Price-to-Earnings (P/E) Ratio Dynamics
- The P/E ratio displayed significant volatility, reflecting shifting market sentiment. Following an initial decline from 40.25 in 2006 to a low of 17.69 in 2010, the ratio trended upward to a peak of 49.70 in 2015. In the subsequent period from 2017 to 2024, the ratio remained relatively more stable, fluctuating primarily between 30.25 and 43.49.
The overall data indicates that the increase in share price has been largely supported by a corresponding rise in earnings per share, although the volatility of the P/E ratio suggests periodic adjustments in investor expectations regarding growth premiums.
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Comparison to Competitors
Monster Beverage Corp., P/E, long-term trends, comparison to competitors
| Monster Beverage Corp. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Feb 29, 2024 | 37.71 | 24.43 | 20.87 | 25.40 | 17.69 |
| Mar 1, 2023 | 43.49 | 27.12 | 33.07 | 26.71 | 17.54 |
| Feb 28, 2022 | 32.43 | 27.63 | 21.64 | 30.58 | 18.37 |
| Mar 1, 2021 | 32.81 | 27.91 | 22.33 | 26.15 | 16.55 |
| Feb 28, 2020 | 30.25 | 28.21 | 21.72 | 27.83 | 18.94 |
| Feb 28, 2019 | 34.92 | 30.47 | 20.03 | 13.01 | 15.08 |
| Mar 1, 2018 | 37.42 | 150.54 | 21.45 | 32.81 | 26.52 |
| Mar 1, 2017 | 33.41 | 27.48 | 41.76 | 24.09 | 22.84 |
| Feb 29, 2016 | 46.59 | 26.01 | 8.59 | 25.72 | 20.57 |
| Mar 2, 2015 | 49.70 | 25.87 | 27.92 | 22.86 | 17.14 |
| Mar 3, 2014 | 35.77 | 19.54 | 14.69 | 17.66 | 14.60 |
| Mar 1, 2013 | 24.66 | 19.00 | 15.56 | 18.84 | 17.49 |
| Feb 29, 2012 | 34.82 | 18.27 | 19.01 | 15.45 | 16.64 |
| Mar 1, 2011 | 23.68 | 12.42 | 13.54 | 15.93 | 15.41 |
| Mar 1, 2010 | 17.69 | 17.81 | 14.11 | 16.49 | 14.53 |
| Mar 2, 2009 | 27.61 | 16.37 | 11.54 | 15.82 | 9.95 |
| Feb 29, 2008 | 25.93 | 23.10 | 18.67 | 20.35 | — |
| Jun 6, 2007 | 36.30 | 21.69 | 17.35 | 18.79 | — |
| Mar 15, 2006 | 40.25 | 20.40 | 19.38 | 24.28 | — |
Based on: 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 (Food, Beverage & Tobacco)
Monster Beverage Corp., P/E, long-term trends, comparison to sector (food, beverage & tobacco)
| Monster Beverage Corp. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 29, 2024 | 37.71 | 22.54 |
| Mar 1, 2023 | 43.49 | 24.66 |
| Feb 28, 2022 | 32.43 | 24.78 |
| Mar 1, 2021 | 32.81 | 23.23 |
| Feb 28, 2020 | 30.25 | 24.75 |
| Feb 28, 2019 | 34.92 | 18.05 |
| Mar 1, 2018 | 37.42 | 37.84 |
| Mar 1, 2017 | 33.41 | 26.08 |
| Feb 29, 2016 | 46.59 | 19.86 |
| Mar 2, 2015 | 49.70 | 22.41 |
| Mar 3, 2014 | 35.77 | 16.88 |
| Mar 1, 2013 | 24.66 | 18.09 |
| Feb 29, 2012 | 34.82 | 17.18 |
| Mar 1, 2011 | 23.68 | 14.06 |
| Mar 1, 2010 | 17.69 | 16.01 |
| Mar 2, 2009 | 27.61 | 13.43 |
| Feb 29, 2008 | 25.93 | 21.20 |
| Jun 6, 2007 | 36.30 | 19.54 |
| Mar 15, 2006 | 40.25 | 21.53 |
Based on: 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 (Consumer Staples)
Monster Beverage Corp., P/E, long-term trends, comparison to industry (consumer staples)
| Monster Beverage Corp. | Consumer Staples | |
|---|---|---|
| Feb 29, 2024 | 37.71 | 26.62 |
| Mar 1, 2023 | 43.49 | 25.35 |
| Feb 28, 2022 | 32.43 | 26.07 |
| Mar 1, 2021 | 32.81 | 24.12 |
| Feb 28, 2020 | 30.25 | 31.92 |
| Feb 28, 2019 | 34.92 | 20.62 |
| Mar 1, 2018 | 37.42 | 22.78 |
| Mar 1, 2017 | 33.41 | 21.50 |
| Feb 29, 2016 | 46.59 | 21.97 |
| Mar 2, 2015 | 49.70 | 19.71 |
| Mar 3, 2014 | 35.77 | 17.00 |
| Mar 1, 2013 | 24.66 | 16.60 |
| Feb 29, 2012 | 34.82 | 14.81 |
| Mar 1, 2011 | 23.68 | 14.32 |
| Mar 1, 2010 | 17.69 | 14.63 |
| Mar 2, 2009 | 27.61 | 15.52 |
| Feb 29, 2008 | 25.93 | 19.68 |
| Jun 6, 2007 | 36.30 | 19.79 |
| Mar 15, 2006 | 40.25 | 20.04 |
Based on: 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).