MP MaterialsMP +0.97%68 EV-to-EBITDA is 290.14 as of Jul. 11, 2026, which is 1368% above its 10-year median of 19.77. GuruFocus rates MP with a GF Score™ of 68/100 and a GF Value™ of $33.28 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 681 Metals & Mining companies, MP Materials ranks worse than 98.24% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, MP Materials's enterprise value is $8,556.6 Mil.
MP Materials's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $29.5 Mil. Therefore, MP Materials's EV-to-EBITDA for today is 290.14.
The historical rank and industry rank for MP Materials's EV-to-EBITDA or its related term are showing as below:
MP'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -1685.18 Med: 19.77 Max: 3881.89
Current: 290.14
During the past 7 years, the highest EV-to-EBITDA of MP Materials was 3881.89. The lowest was -1685.18. And the median was 19.77.
MP's EV-to-EBITDA is ranked worse than 98.24% of 681
companies
in the Metals & Mining industry
Industry Median: 9.97
vs MP: 290.14
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
MP Materials (NYSE:MP) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
MP Materials's PE Ratio (TTM) for today is calculated as:
MP Materials's share price for today is $52.21.
MP Materials's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.420.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for MP Materials's EV-to-EBITDA 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.
For the Other Industrial Metals & Mining subindustry, MP Materials's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MP Materials EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MP Materials's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where MP Materials's EV-to-EBITDA falls into.
MP Materials's current Enterprise Value is $8,556.6 Mil.
MP Materials's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $29.5 Mil.
* 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 (MP) has a EV-to-EBITDA of 290.14 as of Jul. 11, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on MP Materials. This is 1368% above median its historical median of 19.77. According to the industry distribution chart, MP Materials ranks #669 out of 681 companies in the Metals & Mining industry, placing it in the top 98.2%.
Is MP Materials' EV-to-EBITDA too high?
MP Materials' current EV-to-EBITDA of 290.14 is 1368% above median its 10-year median of 19.77. The Metals & Mining industry median EV-to-EBITDA is 9.97. MP Materials' value of 290.14 is 2810.1% above this industry median. Based on the distribution chart, MP Materials ranks #669 out of 681 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, MP Materials has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MP Materials' EV-to-EBITDA compare to MTRN and USAR?
According to the Metals & Mining industry distribution chart, MP Materials ranks #669 out of 681 companies for EV-to-EBITDA. This places MP Materials in the lower half of its industry. The industry median EV-to-EBITDA is 9.97. MP Materials' value of 290.14 is 2810.1% above this benchmark. While the company's 10-year median is 19.77 vs. the industry median of 9.97, MP Materials has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 9.97, based on 681 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MP Materials's current EV-to-EBITDA of 290.14 is 2810.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on MP Materials. For the Metals & Mining industry, the median EV-to-EBITDA is 9.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MP Materials's current EV-to-EBITDA is 290.14, which is 1368% above median its own 10-year median of 19.77. 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 (MP) is currently considered Significantly Overvalued. The stock's GF Value™ is $33.28, compared to a current price of $52.21 — trading 56.9% above its estimated fair value. The current EV-to-EBITDA is 290.14, which is 1368% above median its 10-year median of 19.77 and 2810.1% above the Metals & Mining industry median of 9.97. MP Materials' overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For MP Materials (MP), the current EV-to-EBITDA is 290.14 as of Jul. 11, 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 (MP) Overvalued in 2026?
Based on GuruFocus' analysis, MP Materials stock appears to be overvalued.
The current stock price of $52.21 is trading 56.9% above its estimated GF Value™ of $33.28.
GuruFocus considers MP Materials to be Significantly Overvalued.
Key valuation signals for MP:
EV-to-EBITDA: 290.14 (1368% above median its 10-year median of 19.77)
GF Value™: $33.28 vs. price of $52.21 (56.9% above fair value)
Industry Position: 2810.1% above the Metals & Mining median (#669 of 681)
No single metric tells the full story. See the MP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
68GF Score
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