Is IEP or MPC more undervalued in 2026?

CirclFi compares Icahn Enterprises L.P. - Deposi (IEP) and Marathon Petroleum Corporation (MPC) using 13 institutional-grade valuation models. IEP has a Quality of Company score of 5.1/10 while MPC scores 7.4/10.

Which is a better buy — IEP or MPC?

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 IEP and MPC valuations compare?

IEP at $7.44 and MPC at $248.77 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

IEP vs MPC Valuation Comparison 2026 — Intrinsic Value Analysis

IEP

Petroleum Refining

Icahn Enterprises L.P. - Deposi

Quality

5.1

out of 10

Value Trap

SAFE

Price

$7.44

Last close

Models

10/13

Active

MPC

Petroleum Refining

Marathon Petroleum Corporation

Quality

7.4

out of 10

Value Trap

SAFE

Price

$248.77

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	IEP Fair Value	IEP Upside	MPC Fair Value	MPC Upside
Bayesian DCF	Intrinsic	$6.08	-18.3%	$307.16	+23.5%
Earnings Power Value	Intrinsic	—	—	$56.64	-77.2%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$19.16	+157.5%	$71.10	-71.4%
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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IEP vs MPC — Which Stock Is More Undervalued?

MPC scores higher with a 7.4/10 quality rating vs IEP's 5.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Icahn Enterprises L.P. - Deposi (IEP) and Marathon Petroleum Corporation (MPC) 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.

IEP currently trades at $7.44 with a QOC of 5.1/10, while MPC trades at $248.77 with a QOC of 7.4/10.

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).