MP may be overvalued based on its current valuation metrics and market expectations. Its forward P/E ratio of 12.46 is lower than the industry average, suggesting undervaluation, but its EV/EBITDA of 16.63 exceeds industry standards, indicating overvaluation. The price-to-sales ratio of 2.08 is also above industry norms, further supporting overvaluation concerns. Additionally, the lack of dividend yield and high market expectations for growth may not justify its current price. Investors should monitor earnings growth and industry trends to assess if the valuation is sustainable.