Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 13.57.
Forward PE Ratio (13.57) = Close Price ($58.41) / Consensus Forward EPS ($4.30)
FORWARD PE RATIO
13.57
SECTOR MEDIAN · ENERGY
13.13
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
+3.39%
vs the sector median at left
MPLX Lp
Market Cap
$59.27B
Forward PE Ratio
13.57
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| MPLX Lp (MPLX) | $59.27B | 13.57 |
| Diamondback Energy, Inc. (FANG)vs › | $59.28B | N/A |
| ONEOK, Inc. (OKE)vs › | $58.81B | 16.20 |
| Occidental Petroleum Corporation (OXY)vs › | $60.97B | 10.17 |
| Baker Hughes Company (BKR)vs › | $61.88B | 23.94 |
| Targa Resources Corp. (TRGP)vs › | $64.20B | 26.59 |
| Devon Energy Corporation (DVN)vs › | $54.01B | 9.61 |
| Kinder Morgan, Inc. (KMI)vs › | $68.99B | 20.80 |
| Energy Transfer LP (ET)vs › | $72.92B | 12.78 |
| Cameco Corporation (CCJ)vs › | $44.65B | 61.93 |
Trailing P/E
12.6
reported TTM EPS
Forward P/E
13.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.30 implies -7.5% EPS decline vs the reported trailing $4.65.
At today's $58.41 close, 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 | $4.30 | $4.01 – $4.60 | 7 | 13.6x |
| 2027-12-31 | $4.79 | $4.37 – $5.05 | 8 | 12.2x |
| 2028-12-31 | $5.10 | $4.57 – $6.00 | 9 | 11.4x |
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