Question 1

What is Monster Beverage's EV/EBITDA ratio?

Accepted Answer

Monster Beverage (MNST) EV/EBITDA ratio is 33.0× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Monster Beverage?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Monster Beverage specifically, the relevant sector benchmark is the current sector median of 12.7×.

Question 5

Is Monster Beverage's EV/EBITDA ratio high or low?

Accepted Answer

Monster Beverage's EV/EBITDA ratio of 33.0× is above its own 5-year average of 26.0× and above the sector median of 12.7×. That places the current reading at the 93th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Monster Beverage's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Monster Beverage (MNST) EV/EBITDA ratio has ranged from a low of 6.1× in 2003 to a high of 36.2× in 2023. The 5-year average is 26.0× and the 5-year median is 26.0×.

Question 7

What was Monster Beverage's EV/EBITDA ratio in 2025?

Accepted Answer

Monster Beverage (MNST) EV/EBITDA ratio at the end of 2025 was 27.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Monster Beverage's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$74.9B	$2.6B	27.7×	+3.9×	Dec 31, 2025
2024	$51.1B	$2.1B	23.8×	-2.7×	Dec 31, 2024
2023	$59.9B	$2.14B	26.5×	-4.3×	Dec 31, 2023
2022	$53B	$1.63B	30.8×	+5.0×	Dec 31, 2022
2021	$50.8B	$1.85B	25.8×	-1.8×	Dec 31, 2021
2020	$48.8B	$1.69B	27.6×	+5.2×	Dec 31, 2020
2019	$34.2B	$1.47B	22.4×	+2.9×	Dec 31, 2019
2018	$27.1B	$1.34B	19.5×	-8.2×	Dec 31, 2018
2017	$35.7B	$1.25B	27.7×	+5.8×	Dec 31, 2017
2016	$25.2B	$1.13B	21.9×	-13.9×	Dec 31, 2016
2015	$30.2B	$763M	35.8×	+13.8×	Dec 31, 2015
2014	$18.2B	$773M	22.0×	+4.0×	Dec 31, 2014
2013	$11.3B	$596M	18.0×	+2.9×	Dec 31, 2013
2012	$8.93B	$571M	15.1×	-0.5×	Dec 31, 2012
2011	$8.12B	$474M	15.5×	+4.3×	Dec 31, 2011
2010	$4.63B	$360M	11.2×	+2.2×	Dec 31, 2010
2009	$3.45B	$343M	9.1×	-7.8×	Dec 31, 2009
2008	$3.1B	$167M	16.8×	-0.2×	Dec 31, 2008
2007	$4.04B	$233M	17.0×	-1.1×	Dec 31, 2007
2006	$3.03B	$160M	18.1×	+2.2×	Dec 31, 2006
2005	$1.74B	$105M	15.9×	+5.3×	Dec 31, 2005
2004	$388M	$34.7M	10.6×	+2.4×	Dec 31, 2004
2003	$86.5M	$10.5M	8.2×	+0.4×	Dec 31, 2003
2002	$42.4M	$5.84M	7.8×	—	Dec 31, 2002


Keurig Dr Pepper (KDP)	15.0×
Hormel Foods (HRL)	13.8×
Sysco (SYY)	13.4×
Brown-Forman (BF-B)	13.0×
PepsiCo (PEP)	12.9×
Kenvue (KVUE)	12.8×
Performance Food Group (PFGC)	12.7×
Kimberly-Clark (KMB)	12.6×
McCormick & Company (MKC)	12.5×
Clorox (CLX)	12.1×
Marzetti (MZTI)	12.1×
Dollar General (DG)	11.9×
Tyson Foods (TSN)	11.9×
Archer-Daniels-Midland (ADM)	11.6×
Altria Group (MO)	11.1×
Kroger (KR)	11.1×
Lamb Weston (LW)	10.6×
Dollar Tree (DLTR)	10.5×
Constellation Brands (STZ)	10.2×
General Mills (GIS)	9.7×
Universal Corporation (UVV)	9.4×
Target (TGT)	9.2×
Campbell Soup (CPB)	8.3×
Albertsons Companies (ACI)	7.1×
Coca-Cola Europacific Partners (CCEP)	7.1×

EV/EBITDA for Monster Beverage (MNST) 2002-2026

EV/EBITDA daily chart for Monster Beverage (MNST)

Historical EV/EBITDA for Monster Beverage (MNST) from 2002 to 2025

About EV/EBITDA at Monster Beverage (MNST)

Monster Beverage EV/EBITDA by Year

Monster Beverage EV/EBITDA 2025: 27.7×

Monster Beverage EV/EBITDA 2024: 23.8×

Monster Beverage EV/EBITDA 2023: 26.5×

Monster Beverage EV/EBITDA 2022: 30.8×

Monster Beverage EV/EBITDA 2021: 25.8×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Monster Beverage (MNST) Key Financials