Keurig Dr Pepper Inc vs Monster Beverage Corp

Keurig Dr Pepper Inc (KDP) is slightly undervalued and Monster Beverage Corp (MNST) is overvalued.

Against our estimates of intrinsic value, KDP trades at the wider discount: a margin of safety of +14%, against -80% for MNST.

Values as of the 22 Sept 2026 close.

Keurig Dr Pepper Inc (KDP)

Discounting its cash flows at 7.1% (average of 3 methods) values the shares at $36.83; the price of $31.51 is 14% below that value, and 83% of that value comes from beyond year five.

Leak Score 33/100 on 10 of 12 signals

Monster Beverage Corp (MNST)

Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $24.62; the price of $44.27 is 80% above that value, and 79% of that value comes from beyond year five.

Leak Score 60/100 on 8 of 12 signals

MetricKDPMNST
VerdictSlightly undervaluedOvervalued
Price$31.51$44.27
Intrinsic value$36.83$24.62
Margin of safety+14%-80%
Leak Score33/100 (10/12)60/100 (8/12)
Market cap$42.9B$86.7B
Revenue growth, 5 years7.4%12.5%
Operating margin16.9%29.2%
Net margin6.7%23.1%
Return on equity5.7%25.7%
Debt to equity1.500.00
P/E31.9x41.1x
Forward P/E12.4x33.8x
P/B1.7x9.3x
Dividend yield3.0%

All stocks in Beverages - Non-Alcoholic