Is DKL or MPLX more undervalued in 2026?

CirclFi compares Delek Logistics Partners, L.P. (DKL) and MPLX LP (MPLX) using 13 institutional-grade valuation models. DKL has a Quality of Company score of 7.1/10 while MPLX scores 7.0/10.

Which is a better buy — DKL or MPLX?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do DKL and MPLX valuations compare?

DKL at $49.38 and MPLX at $54.65 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

DKL vs MPLX Valuation Comparison 2026 — Intrinsic Value Analysis

DKL

Pipe Lines (No Natural Gas)

Delek Logistics Partners, L.P.

Quality

7.1

out of 10

Value Trap

LOW

Price

$49.38

Last close

Models

11/13

Active

MPLX

Pipe Lines (No Natural Gas)

MPLX LP

Quality

7.0

out of 10

Value Trap

SAFE

Price

$54.65

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	DKL Fair Value	DKL Upside	MPLX Fair Value	MPLX Upside
Bayesian DCF	Intrinsic	$13.57	-73.5%	$73.42	+34.3%
Earnings Power Value	Intrinsic	—	—	$44.88	-17.9%
EROIC Spread	Intrinsic	$5.33	-89.6%	$26.47	-51.6%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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DKL vs MPLX — Which Stock Is More Undervalued?

DKL scores higher with a 7.1/10 quality rating vs MPLX's 7.0/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Delek Logistics Partners, L.P. (DKL) and MPLX LP (MPLX) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

DKL currently trades at $49.38 with a QOC of 7.1/10, while MPLX trades at $54.65 with a QOC of 7.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).