MPLX Valuation

MPLX LP

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49.420

-0.58(-1.160%)1D

Overview
Forecast
Valuation
Earnings

MPLX Relative Valuation

MPLX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MPLX is overvalued; if below, it's undervalued.

Historical Valuation

MPLX LP (MPLX) is now in the Fair zone, suggesting that its current forward PE ratio of 10.96 is considered Fairly compared with the five-year average of 9.71. The fair price of MPLX LP (MPLX) is between 45.91 to 53.45 according to relative valuation methord.

Relative Value

Fair Zone

45.91-53.45

Current Price：49.42

Fair

10.96

Trailing

Forward

9.86

EV/EBITDA

MPLX LP. (MPLX) has a current EV/EBITDA of 9.86. The 5-year average EV/EBITDA is 9.36. The thresholds are as follows: Strongly Undervalued below 8.30, Undervalued between 8.30 and 8.83, Fairly Valued between 9.89 and 8.83, Overvalued between 9.89 and 10.43, and Strongly Overvalued above 10.43. The current Forward EV/EBITDA of 9.86 falls within the Historic Trend Line -Fairly Valued range.

12.20

EV/EBIT

MPLX LP. (MPLX) has a current EV/EBIT of 12.20. The 5-year average EV/EBIT is 12.18. The thresholds are as follows: Strongly Undervalued below 10.89, Undervalued between 10.89 and 11.54, Fairly Valued between 12.82 and 11.54, Overvalued between 12.82 and 13.47, and Strongly Overvalued above 13.47. The current Forward EV/EBIT of 12.20 falls within the Historic Trend Line -Fairly Valued range.

3.97

MPLX LP. (MPLX) has a current PS of 3.97. The 5-year average PS is 3.22. The thresholds are as follows: Strongly Undervalued below 2.22, Undervalued between 2.22 and 2.72, Fairly Valued between 3.71 and 2.72, Overvalued between 3.71 and 4.21, and Strongly Overvalued above 4.21. The current Forward PS of 3.97 falls within the Overvalued range.

8.14

P/OCF

MPLX LP. (MPLX) has a current P/OCF of 8.14. The 5-year average P/OCF is 6.78. The thresholds are as follows: Strongly Undervalued below 4.72, Undervalued between 4.72 and 5.75, Fairly Valued between 7.80 and 5.75, Overvalued between 7.80 and 8.83, and Strongly Overvalued above 8.83. The current Forward P/OCF of 8.14 falls within the Overvalued range.

13.25

P/FCF

MPLX LP. (MPLX) has a current P/FCF of 13.25. The 5-year average P/FCF is 8.79. The thresholds are as follows: Strongly Undervalued below 5.43, Undervalued between 5.43 and 7.11, Fairly Valued between 10.46 and 7.11, Overvalued between 10.46 and 12.14, and Strongly Overvalued above 12.14. The current Forward P/FCF of 13.25 falls within the Strongly Overvalued range.

MPLX LP (MPLX) has a current Price-to-Book (P/B) ratio of 3.69. Compared to its 3-year average P/B ratio of 3.17 , the current P/B ratio is approximately 16.26% higher. Relative to its 5-year average P/B ratio of 2.86, the current P/B ratio is about 28.95% higher. MPLX LP (MPLX) has a Forward Free Cash Flow (FCF) yield of approximately 9.65%. Compared to its 3-year average FCF yield of 10.87%, the current FCF yield is approximately -11.26% lower. Relative to its 5-year average FCF yield of 11.95% , the current FCF yield is about -19.25% lower.

3.69

P/B

Median3y

3.17

Median5y

2.86

9.65

FCF Yield

Median3y

10.87

Median5y

11.95

Competitors Valuation Multiple

The average P/S ratio for MPLX's competitors is 2.33, providing a benchmark for relative valuation. MPLX LP Corp (MPLX) exhibits a P/S ratio of 3.97, which is 70.60% above the industry average. Given its robust revenue growth of 3.89%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Enterprise Products Partners LP

1.27

-15.72%

67.84B

Performance Decomposition

Market capitalization of MPLX increased by 15.25% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 9.46 to 11.88.

The secondary factor is the Revenue Growth, contributed 3.89%to the performance.

Overall, the performance of MPLX in the past 1 year is driven by P/E Change. Which is more unsustainable.

3.89%

2.73B → 2.83B

Revenue Growth

-14.12%

43.49 → 37.35

Margin Expansion

25.48%

9.46 → 11.88

P/E Change

15.25%