The PE ratio for Mplx stock stands at 10.6 as of May 3, 2024. This is based on the current EPS of $3.88 and the stock price of $41.12 per share. An increase of 8% has been seen in the P/E ratio compared to the average of 9.8 of the last 4 quarters.
Over the last ten years, the average PE ratio of Mplx has been 24.27. The current 10.6 PE ratio is 56% below the historical average. Over the past ten years, MPLX's PE ratio was at its highest in the Mar 2016 quarter at 76.13, with a price of $29.69 and an EPS of $0.39. The Sep 2022 quarter recorded the bottom point at 7.98, with a price of $30.01 and an EPS of $3.76.
Maximum annual increase: 92.44% in 2019
Maximum annual decrease: -60.09% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.66 | 10.27% |
| 2022 | 8.76 | -15.36% |
| 2021 | 10.35 | N/A |
| 2020 | N/A | N/A |
| 2019 | 25.46 | 92.44% |
| 2018 | 13.23 | -60.09% |
| 2017 | 33.15 | N/A |
| 2016 | N/A | N/A |
| 2015 | 31.98 | -32.55% |
| 2014 | 47.41 | 11.76% |
MPLX's current P/E ratio is above the 3-year historical average, but it is below the 5 and 10-year averages.
Compared to its peers PAA and DKL, MPLX's PE ratio stands lower, however it is higher than MPC's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MPC Marathon Petroleum Corp | 8.99 | $64.32B |
| MPLX Mplx Lp | 10.6 | $41.79B |
| PAA Plains All American Pipeline Lp | 12.49 | $12.26B |
| DKL Delek Logistics Partners LP | 13.69 | $1.73B |
MPLX stock has a price to earnings ratio of 10.6 as of May 3, 2024.
The 3-year average PE ratio for MPLX stock is 9.8.
The 5-year average PE ratio for MPLX stock is 11.21.
The highest quarterly PE ratio in the last ten years has been 76.13 and it was in the Mar 2016 quarter.
MPLX's current price to earnings ratio is 56% below its 10-year historical average.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 3, 2024), Mplx's stock price is $41.12. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.88. Therefore, Mplx's P/E ratio for today is 10.6. PE RATIO(10.6) = STOCK PRICE($41.12) / TTM EPS($3.88)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.