MPLX LP (MPLX) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined prod...
MPLX LP (MPLX) currently trades at a P/E ratio of 12.37 (historical range: 11.78–12.93, median: 12.29), placing it at the 56th percentile — near its historical average, P/S ratio of 4.46 (range: 4.32–4.77, 30th percentile — below its historical average), EV/EBITDA of 14.31 (range: 13.80–15.68, 25th percentile).
MPLX LP trades below its historical valuation range, with most metrics below their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 12.37 | 12.29 | 56th | near its historical average |
| P/S Ratio | 4.46 | 4.53 | 30th | below its historical average |
| EV/EBITDA | 14.31 | 15.12 | 25th | below its historical average |
| FCF Yield | 5.66% | 5.72% | 41th | near its historical average |
MPLX LP (MPLX) Valuation & P/E History
MPLX LP (MPLX) is a US-listed stock operating in the Industrials sector, specifically the Pipe Lines (No Natural Gas) industry currently trading at $57.90 with a market capitalization of $58.7 billion. This page provides historical valuation analysis for MPLX based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 12.37 is above the historical median of 12.29, placing MPLX at the 56th percentile of its valuation range. The P/S ratio of 4.46 compares to a median of 4.53.
MPLX Valuation Metrics & Historical Range
The valuation table above shows MPLX LP's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether MPLX is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests MPLX is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for MPLX LP.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is MPLX Overvalued or Undervalued?
MPLX LP trades below its historical valuation range, with most metrics below their median levels. The overall valuation percentile of 37 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive MPLX is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full MPLX analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.MPLX trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.