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MPLX Lp forward PE MPLX

Share price divided by analysts' consensus earnings for the next twelve months, since 2012.

Today, Oct 23, 2026
12.9×
10-year median
11.3×
Against its 10-year history
70th
percentile: 0 is its lowest day, 100 its highest
10-year range
4.8× to 40.4×
Peer median
16.1×

MPLX Lp's forward PE is 12.9× as of Oct 23, 2026.

That is above its ten-year median of 11.3×, higher than on 70% of days in the last ten years.

Over that time it ranged from 4.8× in Mar 2020 to 40.4× in Jan 2017.

The median for 10 oil and gas pipeline stocks of a similar size is 16.1×.

Forward PE over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far12.9×12.0×13.3×
202512.5×11.2×13.0×
202411.1×9.3×12.1×
20239.3×8.8×9.9×
20229.3×8.5×10.6×
20219.4×8.6×10.6×
20208.2×4.8×12.0×
201911.5×10.5×14.3×
201811.9×11.9×19.6×
201717.9×17.2×40.4×
201636.4×21.3×38.5×
201539.7×26.1×48.1×
201432.3×28.1×36.8×
201328.5×25.2×33.4×
201226.3×23.5×26.7×

Against its peers

Companies in Oil & Gas Midstream nearest MPLX Lp's size, closest first, today.

CompanyForward PE
MPLXMPLX Lp12.9×
OKEONEOK16.1×
LNGCheniere Energy16.6×
TRGPTarga Resources26.6×
ETEnergy Transfer12.3×
KMIKinder Morgan23.3×
EPDEnterprise Products Partners12.2×
WMBWilliams Companies29.5×
VGVenture Global8.2×
CQPCheniere Energy Partners14.7×
WESWestern Midstream Partnersn/m
Peer median16.1×

Where MPLX Lp ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on MPLX Lp

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.