P/E ratio for MPLX (MPLX)
P/E ratio as of April 2024 (TTM): 11.5
According to MPLX's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.5215. At the end of 2022 the company had a P/E ratio of 8.76.
P/E ratio history for MPLX from 2012 to 2023
PE ratio at the end of each year
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Marathon Petroleum MPC | 7.25 | -37.10% | 🇺🇸 USA |
 Delek Logistics Partners DKL | 10.6 | -8.38% | 🇺🇸 USA |
 Magellan Midstream Partners
MMP | 13.7 | 19.30% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 10.9 | -5.22% | 🇺🇸 USA |
 Phillips 66 Partners
PSXP | 14.1 | 22.77% | 🇺🇸 USA |
 NuStar Energy NS | 18.2 | 57.91% | 🇺🇸 USA |
 Holly Energy Partners HEP | 10.8 | -6.09% | 🇺🇸 USA |
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.