Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 13.40 as of 2026-10-06T09:41:16.722Z.
Consensus retrieved: 2026-10-06T03:05:42.257Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-10-06T09:41:16.722Z.
Quote observation: 2026-10-05T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e434c43de2ece8d9a918bbe795c638ba864cffd2405d6bf704c88fabec9e79bc
Forward PE Ratio (13.40) = Dated Quote Price ($57.37) / Consensus Forward EPS ($4.28)
FORWARD PE RATIO
13.40
SECTOR MEDIAN · ENERGY
12.99
median of 45 covered companies
CURRENT VS SECTOR MEDIAN
+3.16%
vs the sector median at left
MPLX Lp
Market Cap
$58.22B
Forward PE Ratio
13.40
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| MPLX Lp (MPLX) | $58.22B | 13.40 |
| Occidental Petroleum Corporation (OXY)vs › | $58.00B | 9.13 |
| Cheniere Energy, Inc. (LNG)vs › | $57.61B | 28.12 |
| Baker Hughes Company (BKR)vs › | $56.96B | 21.42 |
| ONEOK, Inc. (OKE)vs › | $55.82B | 15.51 |
| Targa Resources Corp. (TRGP)vs › | $61.69B | 25.50 |
| TC Energy Corporation (TRP)vs › | $61.92B | N/A |
| Devon Energy Corporation (DVN)vs › | $52.78B | 9.16 |
| Diamondback Energy, Inc. (FANG)vs › | $51.78B | 8.80 |
| Kinder Morgan, Inc. (KMI)vs › | $69.94B | 20.42 |
Trailing P/E
12.3
reported TTM EPS
Forward P/E
13.4
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.28 implies -8.0% EPS decline vs the reported trailing $4.65.
At the dated quote price of $57.37, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $4.28 | $4.08 – $4.58 | 8 | 13.4x |
| 2027-12-31 | $4.81 | $4.34 – $5.12 | 8 | 11.9x |
| 2028-12-31 | $5.14 | $4.53 – $6.37 | 9 | 11.2x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
