MP Materials (BSP:M2PM34) Construction In Progress: R$1,584 Mil (As of Mar. 2026)


BSP:M2PM34 MP Materials Corp BSP:M2PM34
35 GF Score
Price R$59.97
GF Value R$34.68
Valuation Significantly Overvalued
! 2 Warning Signs
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What is MP Materials Construction In Progress?

MP Materials BSP:M2PM34 +3.77% 35 Construction In Progress is R$1,584 Mil as of Mar. 2026. GuruFocus rates BSP:M2PM34 with a GF Score™ of 35/100 and a GF Value™ of R$34.68 (Significantly Overvalued). The stock has 2 warning signs investors should review.

MP Materials's quarterly construction in progress increased from Sep. 2025 (R$1,335 Mil) to Dec. 2025 (R$1,653 Mil) but then declined from Dec. 2025 (R$1,653 Mil) to Mar. 2026 (R$1,584 Mil).

MP Materials's annual construction in progress increased from Dec. 2023 (R$1,038 Mil) to Dec. 2024 (R$1,236 Mil) and increased from Dec. 2024 (R$1,236 Mil) to Dec. 2025 (R$1,653 Mil).

MP Materials Construction In Progress Historical Data

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The historical data trend for MP Materials's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MP Materials Construction In Progress Chart

MP Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 0.00 1,775.47 1,038.01 1,235.72 1,652.72

MP Materials Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,264.22 1,254.47 1,335.26 1,652.72 1,583.57
BSP:M2PM34
35GF Score
MP Materials Corp BSP:M2PM34
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MP Materials Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of R$1,584 Mil mean?
MP Materials (BSP:M2PM34) has a Construction In Progress of R$1,584 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MP Materials and its competitors.
Is MP Materials' Construction In Progress too high?
MP Materials' current Construction In Progress is R$1,584 Mil. Overall, MP Materials has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MP Materials' Construction In Progress compare to USAR and MTRN?
MP Materials' Construction In Progress of R$1,584 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MP Materials and its competitors. MP Materials's current Construction In Progress is R$1,584 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MP Materials stock overvalued right now?
Based on GuruFocus' analysis, MP Materials (BSP:M2PM34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$34.68, compared to a current price of R$59.97 — trading 72.9% above its estimated fair value. The current Construction In Progress is R$1,584 Mil. MP Materials' overall GF Score™ is 35/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MP Materials (BSP:M2PM34), the current Construction In Progress is R$1,584 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MP Materials (BSP:M2PM34) Overvalued in 2026?

Based on GuruFocus' analysis, MP Materials stock appears to be overvalued. The current stock price of R$59.97 is trading 72.9% above its estimated GF Value™ of R$34.68. GuruFocus considers MP Materials to be Significantly Overvalued.

Key valuation signals for BSP:M2PM34:

  • Construction In Progress: R$1,584 Mil
  • GF Value™: R$34.68 vs. price of R$59.97 (72.9% above fair value)
  • GF Score™: 35/100 with 2 warning signs

No single metric tells the full story. See the BSP:M2PM34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MP Materials Business Description

Address 1700 S. Pavilion Center Drive, Suite 800, Las Vegas, NV, USA, 89135
MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site of scale in North America. The company is also developing a rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas. The company's operations are organized into two reportable segments: Materials and Magnetics.
35GF Score

Get the complete analysis for BSP:M2PM34

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$59.97
Price
R$34.68
GF Value