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Monster BeverageMEX:MNST 97 Graham Number is MXN314.04 as of Mar. 2026, which is 100% below its 10-year median of 4.92. GuruFocus rates MEX:MNST with a GF Score™ of 97/100 and a GF Value™ of MXN1,365.36 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 84 Beverages - Non-Alcoholic companies, Monster Beverage ranks worse than 95.24% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-14), the stock price of Monster Beverage is MXN1715.00. Monster Beverage's graham number for the quarter that ended in Mar. 2026 was MXN314.04. Therefore, Monster Beverage's Price to Graham Number ratio for today is 5.46.
The historical rank and industry rank for Monster Beverage's Graham Number or its related term are showing as below:
MEX:MNST'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.76 Med: 4.92 Max: 9.08
Current: 5.61
During the past 13 years, the highest Price to Graham Number ratio of Monster Beverage was 9.08. The lowest was 3.76. And the median was 4.92.
MEX:MNST's Price-to-Graham-Number is ranked worse than 95.24% of 84
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.49
vs MEX:MNST: 5.61
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Monster Beverage (MEX:MNST) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Monster Beverage's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1715.00
/
314.04
=
5.46
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Monster Beverage Graham Number Related Terms
Monster Beverage Graham Number Historical Data
* Premium members only.
The historical data trend for Monster Beverage's Graham Number 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.
MEX:MNST vs KDP, COCSF, COKE: Graham Number Comparison
For the Beverages - Non-Alcoholic subindustry, Monster Beverage's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Monster Beverage's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Monster Beverage's Price-to-Graham-Number falls into.
* 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.
Monster Beverage (MEX:MNST) has a Graham Number of MXN314.04 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Monster Beverage and its competitors. This is 6283% above median its historical median of 4.92. Over the past decade, Monster Beverage's Graham Number has ranged from 3.76 to 9.08. According to the industry distribution chart, Monster Beverage ranks #80 out of 84 companies in the Beverages - Non-Alcoholic industry, placing it in the top 95.2%.
Is Monster Beverage's Graham Number too high?
Monster Beverage's current Graham Number of MXN314.04 is 6283% above median its 10-year median of 4.92. Over the past 10 years, this metric has ranged from a low of 3.76 to a high of 9.08. Based on the distribution chart, Monster Beverage ranks #80 out of 84 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Monster Beverage has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Monster Beverage's Graham Number compare to KDP and COCSF?
According to the Beverages - Non-Alcoholic industry distribution chart, Monster Beverage ranks #80 out of 84 companies for Graham Number. This places Monster Beverage in the lower half of its industry. The industry median Graham Number is 1.49. Historically, Monster Beverage's own Graham Number has ranged from 3.76 to 9.08 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Beverages - Non-Alcoholic company?
The median Graham Number among Beverages - Non-Alcoholic companies is 1.49, based on 84 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Monster Beverage and its competitors. For the Beverages - Non-Alcoholic industry, the median Graham Number is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monster Beverage's current Graham Number is MXN314.04, which is 6283% above median its own 10-year median of 4.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monster Beverage stock overvalued right now?
Based on GuruFocus' analysis, Monster Beverage (MEX:MNST) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN1,365.36, compared to a current price of MXN1,715.00 — trading 25.6% above its estimated fair value. The current Graham Number is MXN314.04, which is 6283% above median its 10-year median of 4.92. Monster Beverage's overall GF Score™ is 97/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Monster Beverage (MEX:MNST), the current Graham Number is MXN314.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Monster Beverage (MEX:MNST) Overvalued in 2026?
Based on GuruFocus' analysis, Monster Beverage stock appears to be overvalued.
The current stock price of MXN1,715.00 is trading 25.6% above its estimated GF Value™ of MXN1,365.36.
GuruFocus considers Monster Beverage to be Modestly Overvalued.
Key valuation signals for MEX:MNST:
Graham Number: MXN314.04 (6283% above median its 10-year median of 4.92)
GF Value™: MXN1,365.36 vs. price of MXN1,715.00 (25.6% above fair value)
No single metric tells the full story. See the MEX:MNST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 co-packers 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, owning a 20% stake.
97GF Score
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