As of Jun 22, 2026, MPLX's PEG ratio of 1.84 reflects its valuation relative to its growth. This value reflects a P/E ratio of 12.32 measured against EPS growth of 6.7%. When compared to the trailing four-quarter average of 2.28, MPLX's PEG ratio shows a 19% decrease.
Mplx's ten years historical PEG ratio has an average of 1.01. Compared to historical data, MPLX's 1.84 PE to growth ratio represents a rise of 82%. MPLX reached its maximum PEG ratio of 7.43 during the Dec 2023 quarter over the past ten years. The Dec 2021 quarter had the bottom reading at 0.02, indicating the most optimal growth-adjusted valuation.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.76 | 11.07 | 14.5% |
| 2024 | 1.05 | 11.37 | 10.8% |
| 2023 | 7.43 | 9.66 | 1.3% |
| 2022 | 0.28 | 8.76 | 31.1% |
| 2021 | 0.02 | 10.35 | 457.5% |
| 2020 | N/A | N/A | -180% |
| 2019 | N/A | 25.46 | -56.3% |
| 2018 | 0.12 | 13.23 | 114% |
| 2017 | N/A | 33.15 | N/A |
| 2016 | N/A | N/A | -100% |
| 2015 | N/A | 31.98 | -20.6% |
| 2014 | 1 | 47.41 | 47.6% |
| 2013 | 0.09 | 42.42 | 483.3% |
| 2012 | N/A | 173.28 | N/A |
| 2011 | N/A | N/A | N/A |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 1.84 | 12.35 | 6.7% |
| Dec 2025 | 0.76 | 11.07 | 14.5% |
| Sep 2025 | 0.94 | 10.58 | 11.3% |
| Jun 2025 | 5.56 | 12.24 | 2.2% |
| Mar 2025 | 1.07 | 12.36 | 11.6% |
| Dec 2024 | 1.05 | 11.37 | 10.8% |
| Sep 2024 | 0.49 | 10.49 | 21.5% |
| Jun 2024 | 2.59 | 10.34 | 4% |
| Mar 2024 | N/A | 10.71 | 0% |
| Dec 2023 | 7.43 | 9.66 | 1.3% |
| Sep 2023 | N/A | 10.19 | -7.2% |
| Jun 2023 | 0.33 | 8.57 | 26.1% |
| Mar 2023 | 0.29 | 8.88 | 30.6% |
| Dec 2022 | 0.28 | 8.76 | 31.1% |
| Sep 2022 | 0.21 | 7.98 | 38.7% |
When comparing to historical values, MPLX's PEG ratio is higher than its 5 and 10-year averages, though it is below the 3-year average.
Mplx's PEG of 1.84 is above the Energy sector and the industry average. Compared to its Energy sector average of 0.32, Mplx's PEG is 475% higher.
Compared to its peers, MPLX has a PEG ratio under stock DKL, while above MPC's and PAA's.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| MPC Marathon Petroleum Corp | 0.15 | $72.55B |
| PAA Plains All American Pipeline Lp | 0.41 | $15.46B |
| MPLX Mplx Lp | 1.86 | $58.53B |
| DKL Delek Logistics Partners LP | 2.46 | $2.65B |
Based on Jun 22, 2026 data, MPLX carries a PEG ratio of 1.84.
MPLX has a 3-year average PEG ratio of 2.21.
MPLX has a 5-year average PEG ratio of 1.33.
MPLX's PEG ratio peaked at 7.43 during the Dec 2023 quarter - the highest in ten years.
Currently, MPLX's PEG ratio stands 82% higher than its 10-year historical average.
To calculate the PEG ratio, take the company's PE ratio and divide by its EPS growth (YoY TTM). As of Jun 22, 2026, Mplx has a P/E ratio of 12.32. Earnings grew at 6.7% over the TTM period ending Mar 2026. Applying the formula, this produces a price to earnings growth ratio of 1.84. PEG RATIO(1.84) = PE RATIO(12.32) / EPS GROWTH(6.7%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.