MPLX Lp (MPLX) P/E Ratio History
Historical price-to-earnings valuation from 2012 to 2026
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MPLX Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
The current P/E is roughly in line with its 5-year average of 10.5x. Over the past five years, MPLX's P/E has ranged from a low of 7.9x to a high of 15.3x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Energy sector median P/E of 16.9x, MPLX trades at a 32% discount to its sector peers. The sector includes 174 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, MPLX trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MPLX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MPLX P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $81B | 14.1 | 1.53 | -1% | |
| $68B | 14.7 | - | +5% | |
| $16B | 30.4 | - | -48% | |
| $17B | 13.8Lowest | 0.67 | -25% | |
| $54B | 29.3 | - | +48% | |
| $10B | 24.6 | - | +4% | |
| $70B | 23.1 | 0.24Best | +17% | |
| $90B | 34.5 | 0.52 | +18% | |
| $54B | 15.8 | 0.51 | +5% | |
| $11B | 24.0 | - | +206%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MPLX Historical P/E Data (2012–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $57.07 | $3.72 | 15.3x | -56% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $53.37 | $4.82 | 11.1x | -68% |
| FY2025 Q3 | $49.95 | $4.72 | 10.6x | -70% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $51.51 | $4.21 | 12.2x | -65% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $53.52 | $4.32 | 12.4x | -64% |
| FY2024 Q4 | $47.86 | $4.20 | 11.4x | -67% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $44.46 | $4.24 | 10.5x | -70% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $42.59 | $4.12 | 10.3x | -70% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $41.56 | $3.89 | 10.7x | -69% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $36.72 | $3.82 | 9.6x | -72% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $35.57 | $3.49 | 10.2x | -71% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $33.94 | $3.99 | 8.5x | -76% |
Average P/E for displayed period: 34.8x
Full MPLX Stock Analysis
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See MPLX's True Return
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Launch CalculatorIs MPLX Undervalued?
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Start ComparisonMPLX — Frequently Asked Questions
Quick answers to the most common questions about buying MPLX stock.
Is MPLX stock overvalued or undervalued?
MPLX trades at 11.5x P/E, near its 5-year average of 10.5x. The 85th percentile ranking places valuation within normal historical bounds.
How does MPLX's valuation compare to peers?
MPLX Lp P/E of 11.5x compares to sector median of 16.9x. The discount suggests lower growth expectations or higher risk.
What is MPLX's PEG ratio?
MPLX PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2012-2026.