MPLX LPMPLX -0.28%83 EV-to-FCF is 20.99 as of Jun. 25, 2026, which is 37% above its 10-year median of 15.27. GuruFocus rates MPLX with a GF Score™ of 83/100 and a GF Value™ of $50.81 (Fairly Valued). The stock has 8 warning signs investors should review. Among 577 Oil & Gas companies, MPLX LP ranks worse than 65.16% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, MPLX LP's Enterprise Value is $81,750 Mil.
MPLX LP's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $3,894 Mil. Therefore, MPLX LP's EV-to-FCF for today is 20.99.
The historical rank and industry rank for MPLX LP's EV-to-FCF or its related term are showing as below:
MPLX'
s EV-to-FCF Range Over the Past 10 Years
Min: -4049.63 Med: 15.27 Max: 287.99
Current: 20.99
During the past 13 years, the highest EV-to-FCF of MPLX LP was 287.99. The lowest was -4049.63. And the median was 15.27.
MPLX's EV-to-FCF is ranked worse than 65.16% of 577
companies
in the Oil & Gas industry
Industry Median: 15.67
vs MPLX: 20.99
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
MPLX LP's share price for today is $56.07.
MPLX LP'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 $4.620.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
MPLX LP EV-to-FCF Related Terms
MPLX LP EV-to-FCF Historical Data
* Premium members only.
The historical data trend for MPLX LP's EV-to-FCF 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 Oil & Gas Midstream subindustry, MPLX LP's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
MPLX LP EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MPLX LP's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where MPLX LP's EV-to-FCF falls into.
MPLX LP's current Enterprise Value is $81,750 Mil.
MPLX LP's Free Cash Flow 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 $3,894 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.
MPLX LP (MPLX) has a EV-to-FCF of 20.99 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MPLX LP and its competitors. This is 37% above median its historical median of 15.27. According to the industry distribution chart, MPLX LP ranks #376 out of 577 companies in the Oil & Gas industry, placing it in the top 65.2%.
Is MPLX LP's EV-to-FCF too high?
MPLX LP's current EV-to-FCF of 20.99 is 37% above median its 10-year median of 15.27. The Oil & Gas industry median EV-to-FCF is 15.67. MPLX LP's value of 20.99 is 34% above this industry median. Based on the distribution chart, MPLX LP ranks #376 out of 577 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, MPLX LP has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MPLX LP's EV-to-FCF compare to TRGP and OKE?
According to the Oil & Gas industry distribution chart, MPLX LP ranks #376 out of 577 companies for EV-to-FCF. This places MPLX LP in the lower half of its industry. The industry median EV-to-FCF is 15.67. MPLX LP's value of 20.99 is 34% above this benchmark. While the company's 10-year median is 15.27 vs. the industry median of 15.67, MPLX LP 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.67, based on 577 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MPLX LP's current EV-to-FCF of 20.99 is 34% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on MPLX LP and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MPLX LP's current EV-to-FCF is 20.99, which is 37% above median its own 10-year median of 15.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MPLX LP stock overvalued right now?
Based on GuruFocus' analysis, MPLX LP (MPLX) is currently considered Fairly Valued. The stock's GF Value™ is $50.81, compared to a current price of $56.07 — trading 10.4% above its estimated fair value. The current EV-to-FCF is 20.99, which is 37% above median its 10-year median of 15.27 and 34% above the Oil & Gas industry median of 15.67. MPLX LP's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For MPLX LP (MPLX), the current EV-to-FCF is 20.99 as of Jun. 25, 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 MPLX LP (MPLX) Overvalued in 2026?
Based on GuruFocus' analysis, MPLX LP stock appears to be overvalued.
The current stock price of $56.07 is trading 10.4% above its estimated GF Value™ of $50.81.
GuruFocus considers MPLX LP to be Fairly Valued.
Key valuation signals for MPLX:
EV-to-FCF: 20.99 (37% above median its 10-year median of 15.27)
GF Value™: $50.81 vs. price of $56.07 (10.4% above fair value)
Industry Position: 34% above the Oil & Gas median (#376 of 577)
No single metric tells the full story. See the MPLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.
83GF Score
Get the complete analysis for MPLX
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MPLX has been successfully added to your 
