As of 2025-07-03, the Intrinsic Value of MPLX LP (MPLX) is 63.63 USD. This MPLX valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 51.05 USD, the upside of MPLX LP is 24.6%.

The range of the Intrinsic Value is 49.1 - 86.88 USD.

Is MPLX undervalued or overvalued?

Based on its market price of 51.05 USD and our intrinsic valuation, MPLX LP (MPLX) is undervalued by 24.6%.

51.05 USD

Stock Price

63.63 USD

Intrinsic Value

Intrinsic Value Details

MPLX Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	49.1 - 86.88	63.63	24.6%
DCF (Growth Exit 10Y)	65.9 - 112.17	83.76	64.1%
DCF (EBITDA Exit 5Y)	57.86 - 72.05	62.43	22.3%
DCF (EBITDA Exit 10Y)	73.6 - 97.13	82.45	61.5%
Peter Lynch Fair Value	108.69 - 108.69	108.69	112.91%
P/E Multiples	63.65 - 85.8	71.99	41.0%
EV/EBITDA Multiples	50.3 - 58.8	51.33	0.6%
Earnings Power Value	53.11 - 79.18	66.14	29.6%
Dividend Discount Model - Stable	28.91 - 59.58	44.24	-13.3%
Dividend Discount Model - Multi Stages	45.05 - 69.68	54.53	6.8%

MPLX Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
Williams Companies Inc	35.54 - 358.17	75.28	27.3%
Kinder Morgan Inc	17.52 - 76.63	32.18	12.9%
TC Energy Corp	35.96 - 239.54	81.72	22.9%
Targa Resources Corp	139.67 - 354.69	208.22	19.8%
Cheniere Energy Partners LP	50.18 - 87.33	64.99	16.4%
Pembina Pipeline Corp	41.67 - 167.6	71.61	40.1%
Magellan Midstream Partners LP	53.06 - 114.11	74.14	7.5%
DCP Midstream LP	92.22 - 231.64	134.53	222.7%
EnLink Midstream LLC	10.02 - 33.48	17.21	21.9%
Teekay Tankers Ltd	122.65 - 168.34	140.95	225.6%

MPLX Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	52,112
Beta	-
Outstanding shares (mil)	1,021
Enterprise Value (mil)	71,996

Market risk premium	5.1%
Cost of Equity	9.05%
Cost of Debt	4.65%
WACC	7.8%