Is MPLX Lp overvalued?

MPLX Lp (MPLX) looks overvalued — trading about 9% above its fair value.

Overvalued

Price

$59.94

Fair value

$54.29

Current P/E

12.4

Normal P/E

11.3

Market cap

$60.82B

Dividend yield

7.1%

Return on equity

33.4%

Sector

Energy

Fair value compares MPLX's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.

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