Monster Beverage's P/E Valuation Looks Expensive: Buy Now or Wait?

Monster Beverage Corporation (MNST) is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 29.19x, which positions it at a premium compared with the industry’s average of 18.25x and the S&P 500's 18.56x. The stock is also trading above its median P/E level of 28.10x, observed in the past year. The valuation suggests that Monster Beverage is overvalued.MNST Stock's ValuationImage Source: Zacks Investment ResearchThe recent rally might have pushed Monster Beverage’s valuation higher. I ...