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Monster Beverage (MEX:MNST) E10 : MXN25.22 (As of Dec. 2024)


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What is Monster Beverage E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Monster Beverage's adjusted earnings per share data for the three months ended in Dec. 2024 was MXN7.925. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN25.22 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Monster Beverage's average E10 Growth Rate was 11.90% per year. During the past 3 years, the average E10 Growth Rate was 14.20% per year. During the past 5 years, the average E10 Growth Rate was 17.30% per year. During the past 10 years, the average E10 Growth Rate was 19.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Monster Beverage was 71.00% per year. The lowest was 14.20% per year. And the median was 22.55% per year.

As of today (2025-03-17), Monster Beverage's current stock price is MXN1100.00. Monster Beverage's E10 for the quarter that ended in Dec. 2024 was MXN25.22. Monster Beverage's Shiller PE Ratio of today is 43.62.

During the past 13 years, the highest Shiller PE Ratio of Monster Beverage was 107.41. The lowest was 38.17. And the median was 63.04.


Monster Beverage E10 Historical Data

The historical data trend for Monster Beverage's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Monster Beverage E10 Chart

Monster Beverage Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.83 16.73 18.43 18.41 25.22

Monster Beverage Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.41 18.98 21.59 23.44 25.22

Competitive Comparison of Monster Beverage's E10

For the Beverages - Non-Alcoholic subindustry, Monster Beverage's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Monster Beverage's Shiller PE Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Monster Beverage's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Monster Beverage's Shiller PE Ratio falls into.



Monster Beverage E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Monster Beverage's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=7.925/133.1571*133.1571
=7.925

Current CPI (Dec. 2024) = 133.1571.

Monster Beverage Quarterly Data

per share eps CPI Adj_EPS
201503 0.076 99.621 0.102
201506 3.295 100.684 4.358
201509 2.366 100.392 3.138
201512 1.920 99.792 2.562
201603 2.238 100.470 2.966
201606 2.774 101.688 3.632
201609 3.190 101.861 4.170
201612 3.093 101.863 4.043
201703 2.918 102.862 3.777
201706 3.525 103.349 4.542
201709 3.448 104.136 4.409
201712 3.437 104.011 4.400
201803 3.452 105.290 4.366
201806 4.716 106.317 5.907
201809 4.489 106.507 5.612
201812 4.222 105.998 5.304
201903 4.656 107.251 5.781
201906 5.090 108.070 6.272
201909 5.429 108.329 6.673
201912 4.432 108.420 5.443
202003 6.096 108.902 7.454
202006 6.809 108.767 8.336
202009 7.180 109.815 8.706
202012 8.752 109.897 10.604
202103 6.030 111.754 7.185
202106 7.465 114.631 8.671
202109 6.477 115.734 7.452
202112 6.154 117.630 6.966
202203 5.376 121.301 5.901
202206 5.231 125.017 5.572
202209 6.034 125.227 6.416
202212 5.556 125.222 5.908
202303 6.849 127.348 7.161
202306 6.686 128.729 6.916
202309 7.490 129.860 7.680
202312 5.941 129.419 6.113
202403 6.970 131.776 7.043
202406 7.511 132.554 7.545
202409 7.482 133.029 7.489
202412 7.925 133.157 7.925

Add all the adjusted EPS together and divide 10 will get our e10.


Monster Beverage  (MEX:MNST) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Monster Beverage's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1100.00/25.22
=43.62

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Monster Beverage was 107.41. The lowest was 38.17. And the median was 63.04.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Monster Beverage E10 Related Terms

Thank you for viewing the detailed overview of Monster Beverage's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Monster Beverage Business Description

Address
1 Monster Way, Corona, CA, USA, 92879
Monster Beverage is a leader in the energy drink category within the nonalcoholic ready-to-drink beverage market, generating two thirds of revenue in the US and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, Bang and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.