According to MPLX's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.3844. At the end of 2022 the company had a P/E ratio of 8.76.
Year | P/E ratio | Change |
---|---|---|
2022 | 8.76 | -15.36% |
2021 | 10.3 | -137.27% |
2020 | -27.8 | -230.82% |
2019 | 21.2 | 61.05% |
2018 | 13.2 | -60.63% |
2017 | 33.5 | -104.83% |
2016 | -692 | -2459.05% |
2015 | 29.4 | -38.1% |
2014 | 47.4 | 10.71% |
2013 | 42.8 | -51.63% |
2012 | 88.5 |
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.