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

MPLX LP

MPLX Energy Oil & Gas Midstream

MPLX LP’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 8.92% from fiscal 2024.

Revenue
−0.39%
EPS
−23.8%
Free cash flow
−23.8%
Total debt
+3.75%

Quarter to September 2026, against a year earlier

56.63 0.38 +0.68%
Market cap
$57.3B
P/E
13.2×
Fwd P/E
14.0×
Dividend yield
9.74%
F-score
7/9
Altman Z
n/a
Beneish M
−2.57
Dividend safety
33/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

MPLX LP (MPLX) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, MPLX LP (MPLX) trades at a P/B ratio of 4.0×. Over the past ten years it has ranged from 0.2× (February 2016) to 13.4× (April 2015); the current reading is higher than 86% of that period. That is above the Oil & Gas Midstream industry median of 1.7× and above the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 3.7× 6.29%
FY2024 3.5× 21.74%
FY2023 2.9× 4.92%
FY2022 2.8× 3.80%
FY2021 2.7× 44.82%
FY2020 1.8× 27.24%
FY2019 1.4× 10.84%
FY2018 1.3× (6.53%)
FY2017 1.4× 32.67%
FY2016 1.0× 165.76%

Quarterly newest first

Period P/B ratio Change
Sep 2026 4.0× (0.39%)
Jun 2026 4.0× (0.98%)
Mar 2026 4.1× 8.23%
Dec 2025 3.7× 6.82%
43 more quarters

Against its own ten years

Low 0.2× High 13.4×
Ten-year median 2.9×
Current reading's percentile 94

P/B ratio against peers

Company P/B ratio
ET Energy Transfer LP compare 1.4×
OKE ONEOK, Inc. compare 1.7×
KMI Kinder Morgan, Inc. compare 2.1×
EPD Enterprise Products Partners L.P. compare 2.5×
TRP TC Energy Corporation compare 2.6×
WMB Williams Companies, Inc. (The) compare 3.7×
MPLX MPLX LP 4.0×
LNG Cheniere Energy, Inc. compare 4.8×
TRGP Targa Resources, Inc. compare 14.8×
Oil & Gas Midstream industry median 1.7×
Energy sector median 1.4×
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 →

More on MPLX