Monster BeverageMEX:MNST 97 ROC (Joel Greenblatt) % is 136.11% as of Mar. 2026, which is 42% below its 10-year median of 235.56. GuruFocus rates MEX:MNST with a GF Score™ of 97/100 and a GF Value™ of MXN1,357.67 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 115 Beverages - Non-Alcoholic companies, Monster Beverage ranks better than 92.17% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Monster Beverage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 136.11%.
The historical rank and industry rank for Monster Beverage's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:MNST'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 93.65 Med: 235.56 Max: 332.18
Current: 121.7
During the past 13 years, Monster Beverage's highest ROC (Joel Greenblatt) % was 332.18%. The lowest was 93.65%. And the median was 235.56%.
MEX:MNST's ROC (Joel Greenblatt) % is ranked better than 92.17% of 115
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.27
vs MEX:MNST: 121.70
Monster Beverage's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -17.90% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Monster Beverage ROC (Joel Greenblatt) % Related Terms
Monster Beverage ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Monster Beverage's ROC (Joel Greenblatt) % 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: ROC (Joel Greenblatt) % Comparison
For the Beverages - Non-Alcoholic subindustry, Monster Beverage's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Monster Beverage's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Monster Beverage's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 136.11% mean?
Monster Beverage (MEX:MNST) has a ROC (Joel Greenblatt) % of 136.11% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Monster Beverage and its competitors. This is 42% below median its historical median of 235.56. Over the past decade, Monster Beverage's ROC (Joel Greenblatt) % has ranged from 93.65 to 332.18. According to the industry distribution chart, Monster Beverage ranks #9 out of 115 companies in the Beverages - Non-Alcoholic industry, placing it in the top 7.8%.
Is Monster Beverage's ROC (Joel Greenblatt) % too high?
Monster Beverage's current ROC (Joel Greenblatt) % of 136.11% is 42% below median its 10-year median of 235.56. Over the past 10 years, this metric has ranged from a low of 93.65 to a high of 332.18. The Beverages - Non-Alcoholic industry median ROC (Joel Greenblatt) % is 20.27. Monster Beverage's value of 136.11% is 571.5% above this industry median. Based on the distribution chart, Monster Beverage ranks #9 out of 115 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position 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 ROC (Joel Greenblatt) % compare to KDP and COCSF?
According to the Beverages - Non-Alcoholic industry distribution chart, Monster Beverage ranks #9 out of 115 companies for ROC (Joel Greenblatt) %. This places Monster Beverage in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.27. Monster Beverage's value of 136.11% is 571.5% above this benchmark. Historically, Monster Beverage's own ROC (Joel Greenblatt) % has ranged from 93.65 to 332.18 over the past decade. While the company's 10-year median is 235.56 vs. the industry median of 20.27, Monster Beverage has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Beverages - Non-Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Non-Alcoholic companies is 20.27, based on 115 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Monster Beverage's current ROC (Joel Greenblatt) % of 136.11% is 571.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Monster Beverage and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC (Joel Greenblatt) % is 20.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monster Beverage's current ROC (Joel Greenblatt) % is 136.11%, which is 42% below median its own 10-year median of 235.56. 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 MXN1,357.67, compared to a current price of MXN1,720.00 — trading 26.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 136.11%, which is 42% below median its 10-year median of 235.56 and 571.5% above the Beverages - Non-Alcoholic industry median of 20.27. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Monster Beverage (MEX:MNST), the current ROC (Joel Greenblatt) % is 136.11% 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 MXN1,720.00 is trading 26.7% above its estimated GF Value™ of MXN1,357.67.
GuruFocus considers Monster Beverage to be Modestly Overvalued.
Key valuation signals for MEX:MNST:
ROC (Joel Greenblatt) %: 136.11% (42% below median its 10-year median of 235.56)
GF Value™: MXN1,357.67 vs. price of MXN1,720.00 (26.7% above fair value)
Industry Position: 571.5% above the Beverages - Non-Alcoholic median (#9 of 115)
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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