MPLX
MPLX
#547
Rank
$32.20 B
Marketcap
$31.81
Share price
2.09%
Change (1 day)
16.95%
Change (1 year)
MPLX Lp. is an American company that operates, develops and acquires midstream energy infrastructure assets. The company is engaged in the gathering, processing and transportation of natural gas.

P/E ratio for MPLX (MPLX)

P/E ratio as of August 2022 (TTM): 10.7

According to MPLX's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.6824. At the end of 2021 the company had a P/E ratio of 10.3.

P/E ratio history for MPLX from 2013 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202110.3-137.27%
2020-27.8-230.82%
201921.261.05%
201813.2-60.63%
201733.5-104.83%
2016-692-2459.05%
201529.4-38.1%
201447.410.71%
201342.8

How to read a P/E ratio?

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.