MONOLITHIC POWER SYSTEMS INC (MPWR)

Semiconductors & Related Devices

Latest Price

$1426.03

TTM P/E

101.93

Normalized P/E

91.39

Div Yield

0.47%

Book Value

74.90

P/B Ratio

19.04

Valuation metrics

EPS: $12.86

Book value / share: $72.50

Formula: √(22.5 × EPS × BVPS)

Graham Number

$144.84

90% downside

Norm. op. income: $482M (median of 7yr)

Tax rate: 13%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$111.54

92% downside

Base FCF: $581M (median of recent 5yr)

Growth: 8%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$288.68

80% downside

EPS: $12.86

Target P/E: 91×

Formula: EPS × P/E

P/E Fair Value

$1,170.26

18% downside

89.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	6.07M	$6.64B	12.36%	+110.1K	2026-03-31
FMR LLC	4.40M	$4.81B	8.96%	+423.8K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	3.08M	$3.37B	6.28%	--	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	2.52M	$2.75B	5.12%	--	2026-03-31
STATE STREET CORP	2.19M	$2.40B	4.45%	+8.0K	2026-03-31
Invesco Ltd.	1.49M	$1.62B	3.02%	+50.4K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	1.43M	$1.56B	2.91%	+49.8K	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	1.26M	$1.38B	2.57%	-428.4K	2026-03-31
FRANKLIN RESOURCES INC	928.7K	$1.01B	1.89%	-120.7K	2026-03-31
T. Rowe Price Investment Management, Inc.	721.6K	$788.0M	1.47%	+245.3K	2026-03-31