MP Materials Corp (MP)

NYSE · Basic Materials · Other Industrial Metals & Mining · USA

MP Materials Corp is a mid cap company (market value between $2 billion and $10 billion) in the Other Industrial Metals & Mining industry.

MP Materials Corp operates the Mountain Pass mining and processing facility in California and the Independence manufacturing facility in Texas. The company extracts and refines rare earth elements, selling oxides and metals primarily to customers across Asia. It also manufactures magnetic precursor products and permanent magnets for automotive and industrial applications.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the MP Materials Corp stock.

Our verdict on MP

Overvalued: intrinsic value $3.90 per share, market price $38.95, margin of safety -899.6% (as of 2026-10-19).

Its liquidation floor, current assets minus every liability, values the shares at $3.90; the price of $38.95 is 900% above that value.

Leak Score: 24/100 on 8 of 12 signals (On Watch).

ETFs with the most weight in MP

17 more funds hold it; the full list is part of the paid plan.

More on MP

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Is MP undervalued or overvalued?

MP is overvalued (as of the 2026-10-19 close). Its liquidation floor, current assets minus every liability, values the shares at $3.90; the price of $38.95 is 900% above that value.

What is the intrinsic value of MP?

$3.90 per share (as of the 2026-10-19 close), against a market price of $38.95. That is a margin of safety of -899.6%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is MP Materials Corp's Leak Score?

24 out of 100, which we rate "On Watch", on 8 of 12 value investing signals.