Friday 6 November 2026 Export MP’s income statement to Excel — free account

MP Materials Corp.

MP Basic Materials Other Industrial Metals & Mining

MP Materials Corp.’s revenue for fiscal 2025 (year ended December 2025) was $224.4 million, up 10.1% from fiscal 2024.

Revenue: +175.7%
EPS: +50.0%
Free cash flow: −638.5%
Total debt: −6.12%

Quarter to September 2026, against a year earlier

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34.00 1.91 −5.32%

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Market cap: $6.0B
P/E: 0.0×
Fwd P/E: −135×
Dividend yield: —
F-score: 4/9
Altman Z: 4.10
Beneish M: −0.49
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

MP Materials Corp. (MP) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, MP Materials Corp. (MP) trades at a P/B ratio of 3.1×. Over the past ten years it has ranged from 1.6× (August 2024) to 34,132× (June 2020); the current reading is higher than 33% of that period. That is above the Other Industrial Metals & Mining industry median of 1.4× and above the Basic Materials sector median of 1.7×.

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<iframe src="https://stockrow.com/embed/MP/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="MP Materials Corp. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MP/metrics/pb-ratio">MP Materials Corp. (MP) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	4.3×	76.04%
FY2024	2.5×	(3.26%)
FY2023	2.6×	(21.43%)
FY2022	3.2×	(58.44%)
FY2021	7.8×	160.15%
FY2020	3.0×	(99.99%)
FY2019	34,132×	—

Period	P/B ratio	Change
Sep 2026	4.3×	(15.21%)
Jun 2026	5.1×	16.90%
Mar 2026	4.4×	0.55%
Dec 2025	4.3×	(27.30%)
23 more quarters	Free account

Against its own ten years

Low 1.6× High 34,132×

Ten-year median 4.2×

Current reading's percentile 33

Company	P/B ratio
EMAT Evolution Metals & Technologies Corp. compare	n/m
USAR USA Rare Earth Inc. compare	0.7×
NEXA Nexa Resources S.A. compare	1.0×
VZLA Vizsla Silver Corp. compare	2.7×
MP MP Materials Corp.	3.1×
MTRN Materion Corporation compare	3.7×
SSMR Sunshine Silver Mining & Refining Company compare	4.7×
ALM Almonty Industries Inc. compare	5.7×
SKE Skeena Resources Limited compare	29.6×
Other Industrial Metals & Mining industry median	1.4×
Basic Materials sector median	1.7×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

MP Materials Corp. (MP) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

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P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on MP

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