We’ve recently updated our valuation analysis.

MPLX Valuation

Is MPLX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

[object Object] Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MPLX?

Other financial metrics that can be useful for relative valuation.

MPLX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5x
Enterprise Value/EBITDA9.8x
PEG Ratio-0.9x

Price to Earnings Ratio vs Peers

How does MPLX's PE Ratio compare to its peers?

The above table shows the PE ratio for MPLX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.6x
KMI Kinder Morgan
17.1x4.3%US$42.7b
WMB Williams Companies
21.3x5.8%US$42.6b
ET Energy Transfer
9.4x2.4%US$38.7b
OKE ONEOK
18.6x7.7%US$30.0b
MPLX MPLX
8.9x-10.1%US$33.9b

Price-To-Earnings vs Peers: MPLX is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (16.6x).


Price to Earnings Ratio vs Industry

How does MPLX's PE Ratio compare vs other companies in the US Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-12.4%
n/an/an/a

Price-To-Earnings vs Industry: MPLX is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the US Oil and Gas industry average (7.4x)


Price to Earnings Ratio vs Fair Ratio

What is MPLX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MPLX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: MPLX is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


Share Price vs Fair Value

What is the Fair Price of MPLX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MPLX ($33.82) is trading below our estimate of fair value ($42.04)

Significantly Below Fair Value: MPLX is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MPLX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$33.82
US$38.00
+12.4%
7.9%US$44.00US$31.00n/a13
Nov ’23US$34.49
US$37.31
+8.2%
8.8%US$43.00US$31.00n/a13
Oct ’23US$30.01
US$37.46
+24.8%
8.0%US$43.00US$31.00n/a13
Sep ’23US$32.38
US$37.08
+14.5%
8.6%US$43.00US$31.00n/a13
Aug ’23US$32.36
US$36.77
+13.6%
8.2%US$41.00US$30.00n/a13
Jul ’23US$29.66
US$36.88
+24.3%
7.5%US$41.00US$30.00n/a16
Jun ’23US$33.24
US$37.25
+12.1%
7.8%US$41.00US$30.00n/a16
May ’23US$32.36
US$37.44
+15.7%
7.4%US$41.00US$30.00n/a16
Apr ’23US$33.42
US$36.71
+9.8%
7.0%US$41.00US$30.00n/a17
Mar ’23US$32.87
US$36.24
+10.2%
6.7%US$40.00US$30.00n/a17
Feb ’23US$33.84
US$35.35
+4.5%
8.2%US$43.00US$30.00n/a17
Jan ’23US$29.59
US$34.50
+16.6%
6.9%US$39.00US$30.00n/a18
Dec ’22US$28.74
US$34.28
+19.3%
6.3%US$39.00US$30.00US$33.8418
Nov ’22US$30.61
US$33.50
+9.4%
5.2%US$37.00US$30.00US$34.4918
Oct ’22US$28.94
US$32.89
+13.6%
4.8%US$36.00US$30.00US$30.0118
Sep ’22US$28.60
US$32.71
+14.4%
4.4%US$36.00US$30.00US$32.3817
Aug ’22US$28.38
US$31.94
+12.5%
7.2%US$35.00US$24.00US$32.3617
Jul ’22US$29.84
US$31.12
+4.3%
8.3%US$35.00US$24.00US$29.6617
Jun ’22US$29.08
US$30.65
+5.4%
7.4%US$34.00US$24.00US$33.2417
May ’22US$26.99
US$28.12
+4.2%
5.2%US$30.00US$24.00US$32.3617
Apr ’22US$26.12
US$27.89
+6.8%
4.8%US$30.00US$24.00US$33.4218
Mar ’22US$24.99
US$27.00
+8.0%
6.6%US$29.00US$22.00US$32.8718
Feb ’22US$23.29
US$26.72
+14.7%
6.5%US$29.00US$22.00US$33.8418
Jan ’22US$21.65
US$25.06
+15.7%
7.6%US$28.00US$21.00US$29.5917
Dec ’21US$21.27
US$24.17
+13.6%
9.9%US$28.00US$18.00US$28.7418

Analyst Forecast: Target price is less than 20% higher than the current share price.


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