MP (MP Materials) Inventories, Work In Process: $51.9 Mil (As of Mar. 2026)


MP MP Materials Corp MP
68 GF Score
Price $55.62
GF Value $32.08
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is MP Materials Inventories, Work In Process?

MP Materials MP -1.57% 68 Inventories, Work In Process is $51.9 Mil as of Mar. 2026. GuruFocus rates MP with a GF Score™ of 68/100 and a GF Value™ of $32.08 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. MP Materials's work in process for the quarter that ended in Mar. 2026 was $51.9 Mil.

MP Materials Inventories, Work In Process Historical Data

* Premium members only.

The historical data trend for MP Materials's Inventories, Work In Process 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 Inventories, Work In Process Chart

MP Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Work In Process
Get a 7-Day Free Trial 25.57 1.71 15.02 14.45 51.65

MP Materials Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Work In Process 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 22.53 34.57 35.52 51.65 51.87
MP
68GF Score
MP Materials Corp MP
Inventories, Work In Process is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MP Materials Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

What does a Inventories, Work In Process of $51.9 Mil mean?
MP Materials (MP) has a Inventories, Work In Process of $51.9 Mil as of Mar. 2026. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on MP Materials and its competitors.
Is MP Materials' Inventories, Work In Process too high?
MP Materials' current Inventories, Work In Process is $51.9 Mil. 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' Inventories, Work In Process compare to USAR and MTRN?
MP Materials' Inventories, Work In Process of $51.9 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 Inventories, Work In Process for a Metals & Mining company?
A good Inventories, Work In Process depends on the Metals & Mining industry context. However, Inventories, Work In Process 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 Inventories, Work In Process mean?
A high Inventories, Work In Process can signal that a stock is expensive relative to its fundamentals. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on MP Materials and its competitors. MP Materials's current Inventories, Work In Process is $51.9 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 (MP) is currently considered Significantly Overvalued. The stock's GF Value™ is $32.08, compared to a current price of $55.62 — trading 73.4% above its estimated fair value. The current Inventories, Work In Process is $51.9 Mil. 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 Inventories, Work In Process calculated?
Inventories, Work In Process is calculated from a company's financial statements. For MP Materials (MP), the current Inventories, Work In Process is $51.9 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 (MP) Overvalued in 2026?

Based on GuruFocus' analysis, MP Materials stock appears to be overvalued. The current stock price of $55.62 is trading 73.4% above its estimated GF Value™ of $32.08. GuruFocus considers MP Materials to be Significantly Overvalued.

Key valuation signals for MP:

  • Inventories, Work In Process: $51.9 Mil
  • GF Value™: $32.08 vs. price of $55.62 (73.4% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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 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.
68GF Score

Get the complete analysis for MP

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

$55.62
Price
$32.08
GF Value