Monolithic Power Systems, Inc. (MPWR) Financial Ratios
24 years of historical data (2002–2025) · Technology · Semiconductors
EV/EBITDA
↓
97.90
↑+80% vs avg
5yr avg: 54.41
30Y Low6.9·High94.8
P/FCF
↓
116.20
↑+61% vs avg
5yr avg: 71.97
30Y Low13.3·High105.1
P/B Ratio
↓
21.56
↑+64% vs avg
5yr avg: 13.17
30Y Low1.3·High19.0
ROE
↓
18.4%
↑-43% vs avg
5yr avg: 32.4%
30Y Low-189%·High69%
Debt/EBITDA
↑
0.03
↑+72% vs avg
5yr avg: 0.02
30Y Low0.0·High0.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MPWR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Monolithic Power Systems, Inc. trades at 123.6x earnings, 109% above its 5-year average of 59.2x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a premium of 347%. On a free-cash-flow basis, the stock trades at 116.2x P/FCF, 61% above the 5-year average of 72.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $77.4B | $43.8B | $28.9B | $30.8B | $17.1B | $23.6B | $17.2B | $8.1B | $5.2B | $4.9B | $3.4B |
| Enterprise Value | $76.3B | $42.7B | $28.2B | $30.2B | $16.8B | $23.4B | $16.9B | $8.0B | $5.0B | $4.8B | $3.3B |
| P/E Ratio → | 123.60 | 71.09 | 16.17 | 72.01 | 39.07 | 97.69 | 104.64 | 74.80 | 49.26 | 74.91 | 65.02 |
| P/S Ratio | 27.74 | 15.69 | 13.09 | 16.89 | 9.53 | 19.56 | 20.39 | 12.97 | 8.90 | 10.40 | 8.84 |
| P/B Ratio | 21.56 | 12.40 | 9.19 | 15.01 | 10.25 | 18.99 | 17.81 | 10.53 | 8.10 | 9.38 | 7.97 |
| P/FCF | 116.20 | 65.73 | 44.99 | 52.98 | 91.04 | 105.11 | 81.15 | 68.16 | 43.60 | 71.96 | 48.59 |
| P/OCF | 92.35 | 52.24 | 36.65 | 48.20 | 69.32 | 73.83 | 64.29 | 37.66 | 36.66 | 36.59 | 31.86 |
P/E links to full P/E history page with 30-year chart
MPWR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Monolithic Power Systems, Inc.'s enterprise value stands at 97.9x EBITDA, 80% above its 5-year average of 54.4x. The Technology sector median is 17.5x, placing the stock at a 461% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 15.31 | 12.78 | 16.61 | 9.37 | 19.40 | 20.00 | 12.70 | 8.61 | 10.22 | 8.55 |
| EV / EBITDA | 97.90 | 54.78 | 49.01 | 57.94 | 29.82 | 80.50 | 94.83 | 67.92 | 39.84 | 51.47 | 48.05 |
| EV / EBIT | 104.76 | 55.74 | 52.32 | 62.78 | 31.92 | 89.31 | 101.30 | 75.94 | 43.43 | 61.19 | 61.26 |
| EV / FCF | — | 64.11 | 43.93 | 52.08 | 89.51 | 104.26 | 79.59 | 66.74 | 42.15 | 70.74 | 47.00 |
MPWR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Monolithic Power Systems, Inc. earns an operating margin of 26.1%. ROE of 18.4% indicates solid capital efficiency. ROIC of 22.2% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.2% | 55.2% | 55.3% | 56.1% | 58.4% | 56.8% | 55.2% | 55.2% | 55.4% | 54.8% | 54.3% |
| Operating Margin | 26.1% | 26.1% | 24.4% | 26.5% | 29.4% | 21.7% | 18.8% | 16.3% | 19.5% | 16.4% | 14.0% |
| Net Profit Margin | 22.1% | 22.1% | 81.0% | 23.5% | 24.4% | 20.0% | 19.5% | 17.3% | 18.1% | 13.8% | 13.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.4% | 18.4% | 68.8% | 23.0% | 30.1% | 21.9% | 18.9% | 15.4% | 18.1% | 13.7% | 13.2% |
| ROA | 15.8% | 15.8% | 59.1% | 19.0% | 24.0% | 17.3% | 15.2% | 12.4% | 14.6% | 11.2% | 11.2% |
| ROIC | 22.2% | 22.2% | 20.2% | 24.8% | 32.4% | 23.3% | 19.3% | 14.4% | 18.8% | 15.3% | 13.7% |
| ROCE | 20.4% | 20.4% | 19.5% | 24.1% | 33.4% | 21.7% | 16.6% | 13.1% | 17.5% | 14.8% | 12.9% |
MPWR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Monolithic Power Systems, Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 2.9x). The company holds a net cash position — cash of $1.1B exceeds total debt of $24M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | — | 0.00 | 0.00 | — | — | — |
| Debt / EBITDA | 0.03 | 0.03 | 0.03 | 0.01 | 0.00 | — | 0.02 | 0.02 | — | — | — |
| Net Debt / Equity | — | -0.30 | -0.22 | -0.25 | -0.17 | -0.15 | -0.34 | -0.22 | -0.27 | -0.16 | -0.26 |
| Net Debt / EBITDA | -1.38 | -1.38 | -1.18 | -1.00 | -0.51 | -0.65 | -1.86 | -1.45 | -1.37 | -0.88 | -1.63 |
| Debt / FCF | — | -1.61 | -1.06 | -0.90 | -1.53 | -0.84 | -1.56 | -1.43 | -1.45 | -1.22 | -1.59 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($1.1B) exceeds total debt ($24M)
MPWR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Monolithic Power Systems, Inc.'s current ratio of 5.91x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.38x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 7.74x to 5.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.91 | 5.91 | 5.31 | 7.74 | 5.36 | 4.96 | 5.73 | 6.67 | 7.22 | 6.93 | 7.24 |
| Quick Ratio | 4.38 | 4.38 | 3.89 | 6.11 | 3.66 | 3.81 | 4.66 | 5.37 | 5.53 | 5.40 | 5.89 |
| Cash Ratio | 3.40 | 3.40 | 2.93 | 4.72 | 2.80 | 3.19 | 4.05 | 4.64 | 4.69 | 4.62 | 5.07 |
| Asset Turnover | — | 0.67 | 0.61 | 0.75 | 0.87 | 0.76 | 0.70 | 0.66 | 0.73 | 0.72 | 0.76 |
| Inventory Turnover | 2.22 | 2.22 | 2.35 | 2.08 | 1.67 | 2.01 | 2.41 | 2.21 | 1.90 | 2.14 | 2.49 |
| Days Sales Outstanding | — | 41.28 | 38.45 | 50.11 | 40.12 | 38.22 | 35.12 | 35.63 | 38.23 | 31.49 | 33.32 |
MPWR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Monolithic Power Systems, Inc. returns 0.4% to shareholders annually — split between a 0.4% dividend yield and 0.0% buyback yield. A payout ratio of 46.2% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 0.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.7% | 0.8% | 0.6% | 0.8% | 0.5% | 0.5% | 0.8% | 0.9% | 0.7% | 1.0% |
| Payout Ratio | 46.2% | 46.2% | 13.5% | 43.5% | 31.5% | 45.2% | 54.0% | 61.8% | 45.1% | 52.0% | 62.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.8% | 1.4% | 6.2% | 1.4% | 2.6% | 1.0% | 1.0% | 1.3% | 2.0% | 1.3% | 1.5% |
| FCF Yield | 0.9% | 1.5% | 2.2% | 1.9% | 1.1% | 1.0% | 1.2% | 1.5% | 2.3% | 1.4% | 2.1% |
| Buyback Yield | 0.0% | 0.0% | 2.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.7% | 3.0% | 0.6% | 0.8% | 0.5% | 0.5% | 0.9% | 0.9% | 0.7% | 1.0% |
| Shares Outstanding | — | $48M | $49M | $49M | $48M | $48M | $47M | $46M | $45M | $44M | $42M |
Peer Comparison
Compare MPWR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MPWRYou | $77B | 123.6 | 97.9 | 116.2 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 ENTG | $22B | 95.3 | 19.8 | 56.7 | 44.4% | 28.9% | 6.2% | 9.3% | 3.0 |
 POWI | $4B | 184.2 | 79.7 | 45.9 | 54.5% | 4.8% | 3.1% | 2.4% | — |
 DIOD | $5B | 78.7 | 27.4 | 37.8 | 31.2% | 2.4% | 3.5% | 1.6% | 0.5 |
 SLAB | $7B | -109.9 | — | 109.0 | 58.2% | -9.0% | -6.0% | -6.9% | — |
 IOSP | $2B | 16.4 | 8.3 | 21.7 | 27.7% | 8.8% | 9.1% | 11.2% | 0.4 |
 TXN | $260B | 52.3 | 33.9 | 99.8 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 ADI | $199B | 89.6 | 41.7 | 46.6 | 61.5% | 26.6% | 6.6% | 5.4% | 1.8 |
 MCHP | $55B | -9999.0 | 57.2 | 71.2 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
 QCOM | $214B | 40.4 | 15.9 | 16.7 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 ON | $39B | 346.8 | 28.4 | 27.8 | 32.3% | 12.5% | 1.5% | 6.1% | 2.4 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full MPWR Stock Analysis
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Start ComparisonMPWR — Frequently Asked Questions
Quick answers to the most common questions about buying MPWR stock.
What is Monolithic Power Systems, Inc.'s P/E ratio?
Monolithic Power Systems, Inc.'s current P/E ratio is 123.6x. The historical average is 59.1x. This places it at the 100th percentile of its historical range.
What is Monolithic Power Systems, Inc.'s EV/EBITDA?
Monolithic Power Systems, Inc.'s current EV/EBITDA is 97.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 41.1x.
What is Monolithic Power Systems, Inc.'s ROE?
Monolithic Power Systems, Inc.'s return on equity (ROE) is 18.4%. The historical average is -1.4%.
Is MPWR stock overvalued?
Based on historical data, Monolithic Power Systems, Inc. is trading at a P/E of 123.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Monolithic Power Systems, Inc.'s dividend yield?
Monolithic Power Systems, Inc.'s current dividend yield is 0.37% with a payout ratio of 46.2%.
What are Monolithic Power Systems, Inc.'s profit margins?
Monolithic Power Systems, Inc. has 55.2% gross margin and 26.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Monolithic Power Systems, Inc. have?
Monolithic Power Systems, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.