MP Materials Corp (MP) is overvalued and Materion Corp (MTRN) is overvalued.
Both trade above our estimate of their intrinsic value. MTRN is the closer of the two: -344%, against -1881% for MP.
Values as of the 22 Sept 2026 close.
A 0.9x revenue multiple, discounted for its losses, values the shares at $2.58; the price of $51.04 is 1881% above that value.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $57.01; the price of $253.30 is 344% above that value, and 73% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | MP | MTRN |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $51.04 | $253.30 |
| Intrinsic value | $2.58 | $57.01 |
| Margin of safety | -1881% | -344% |
| Leak Score | 0/100 (2/12) | 27/100 (3/12) |
| Market cap | $9.1B | $5.3B |
| Revenue growth, 5 years | 15.4% | 8.7% |
| Operating margin | -16.7% | 6.2% |
| Net margin | -14.6% | 4.3% |
| Return on equity | -3.6% | 9.5% |
| Debt to equity | 0.40 | 0.51 |
| P/E | — | 59.0x |
| Forward P/E | 62.9x | 30.4x |
| P/B | 4.6x | 5.3x |
| Dividend yield | — | 0.2% |