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MPLX LPMPLX +0.35%83 Price-to-Tangible-Book is 15.28 as of Sep. 11, 2026. GuruFocus rates MPLX with a GF Score™ of 83/100 and a GF Value™ of $55.30 (Fairly Valued). The stock has 8 warning signs investors should review. Among 886 Oil & Gas companies, MPLX LP ranks worse than 95.94% on this metric.
As of today (2026-09-11), MPLX LP's share price is $59.84. MPLX LP's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $3.92. Hence, MPLX LP's Price to Tangible Book Ratio of today is 15.28.
The historical rank and industry rank for MPLX LP's Price-to-Tangible-Book or its related term are showing as below:
MPLX'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.5 Med: 6.81 Max: 15.35
Current: 15.27
During the past 13 years, MPLX LP's highest Price to Tangible Book Ratio was 15.35. The lowest was 1.50. And the median was 6.81.
MPLX's Price-to-Tangible-Book is ranked worse than 95.94% of 886
companies
in the Oil & Gas industry
Industry Median: 1.635
vs MPLX: 15.27
A closely related ratio is called PB Ratio. As of today, MPLX LP's share price is $59.84. MPLX LP's Book Value per Sharefor the quarter that ended in Jun. 2026 was $13.83. Hence, MPLX LP's P/B Ratio of today is 4.33.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
MPLX LP Price-to-Tangible-Book Related Terms
MPLX LP Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for MPLX LP's Price-to-Tangible-Book 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.
MPLX vs OKE, TRGP, LNG: Price-to-Tangible-Book Comparison
For the Oil & Gas Midstream subindustry, MPLX LP's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MPLX LP's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where MPLX LP's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
MPLX LP (MPLX) has a Price-to-Tangible-Book of 15.28 as of Sep. 11, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on MPLX LP and its competitors. According to the industry distribution chart, MPLX LP ranks #850 out of 886 companies in the Oil & Gas industry, placing it in the top 95.9%.
Is MPLX LP's Price-to-Tangible-Book too high?
MPLX LP's current Price-to-Tangible-Book is 15.28. The Oil & Gas industry median Price-to-Tangible-Book is 1.64. MPLX LP's value of 15.28 is 834.6% above this industry median. Based on the distribution chart, MPLX LP ranks #850 out of 886 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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 Price-to-Tangible-Book compare to OKE and TRGP?
According to the Oil & Gas industry distribution chart, MPLX LP ranks #850 out of 886 companies for Price-to-Tangible-Book. This places MPLX LP in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.64. MPLX LP's value of 15.28 is 834.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Oil & Gas company?
The median Price-to-Tangible-Book among Oil & Gas companies is 1.64, based on 886 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MPLX LP's current Price-to-Tangible-Book of 15.28 is 834.6% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on MPLX LP and its competitors. For the Oil & Gas industry, the median Price-to-Tangible-Book is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MPLX LP's current Price-to-Tangible-Book is 15.28. 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 $55.30, compared to a current price of $59.84 — trading 8.2% above its estimated fair value. The current Price-to-Tangible-Book is 15.28 and 834.6% above the Oil & Gas industry median of 1.64. 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 Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For MPLX LP (MPLX), the current Price-to-Tangible-Book is 15.28 as of Sep. 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 MPLX LP (MPLX) Overvalued in 2026?
Based on GuruFocus' analysis, MPLX LP stock appears to be overvalued.
The current stock price of $59.84 is trading 8.2% above its estimated GF Value™ of $55.30.
GuruFocus considers MPLX LP to be Fairly Valued.
Key valuation signals for MPLX:
Price-to-Tangible-Book: 15.28
GF Value™: $55.30 vs. price of $59.84 (8.2% above fair value)
Industry Position: 834.6% above the Oil & Gas median (#850 of 886)
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
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