Monolithic Power Systems Inc., current enterprise value calculation

Current share price (P)	$617.57
No. shares of common stock outstanding	48,780,000
US$ in thousands
Common equity (market value)¹	30,125,065)
Total equity	30,125,065)
Add: Total debt (book value)	—)
Total equity and debt	30,125,065)
Less: Cash and cash equivalents	527,843)
Less: Short-term investments	580,633)
Less: Restricted cash	33,204)
Enterprise value (EV)	28,983,385)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 617.57 × 48,780,000

Monolithic Power Systems Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$720.04	$483.06	$461.44	$389.05	$158.64
No. shares of common stock outstanding¹	48,661,000	47,305,000	46,509,000	45,621,000	44,602,000
US$ in thousands
Common equity (market value)³	35,037,866)	22,851,153)	21,461,113)	17,748,850)	7,075,661)
Total equity	35,037,866)	22,851,153)	21,461,113)	17,748,850)	7,075,661)
Add: Total debt (book value)	—)	—)	—)	—)	—)
Total equity and debt	35,037,866)	22,851,153)	21,461,113)	17,748,850)	7,075,661)
Less: Cash and cash equivalents	527,843)	288,607)	189,265)	334,944)	172,960)
Less: Short-term investments	580,633)	449,266)	535,817)	260,169)	282,437)
Less: Restricted cash	33,204)	—)	—)	—)	—)
Enterprise value (EV)	33,896,186)	22,113,280)	20,736,031)	17,153,737)	6,620,264)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Monolithic Power Systems Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 720.04 × 48,661,000

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Monolithic Power Systems Inc. EV increased from 2021 to 2022 and from 2022 to 2023.

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Enterprise Value (EV)