MPC Marathon Petroleum PE ratio, current and historical analysis
As at Sep 6, 2024, the MPC stock has a PE ratio of 8.6. This is based on the current EPS of $19.31 and the stock price of $166 per share. An increase of 12% has been recorded in the PE ratio compared to the average of 7.7 of the last four quarters.
MPC PE ratio history
The mean historical PE ratio of Marathon Petroleum over the last ten years is 10.31. The current 8.6 P/E ratio is 17% lower than the historical average. In the past ten years, MPC's PE ratio peaked in the Jun 2017 quarter at 30.6, with a price of $52.33 and an EPS of $1.71. The Mar 2023 quarter marked the lowest point at 4.04, with a price of $134.83 and an EPS of $33.41.
Marathon Petroleum PE ratio by year
Maximum annual increase: 131.43% in 2016
Maximum annual decrease: -56.97% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 6.25 | 52.07% |
| 2022 | 4.11 | -1.44% |
| 2021 | 4.17 | N/A |
| 2020 | N/A | N/A |
| 2019 | 15.06 | 36.78% |
| 2018 | 11.01 | 12.81% |
| 2017 | 9.76 | -56.97% |
| 2016 | 22.68 | 131.43% |
| 2015 | 9.8 | -4.02% |
| 2014 | 10.21 | -25.64% |
MPC average PE ratio chart
Currently, MPC's PE ratio is higher than its 3 and 5-year historical averages, but it is lower than the 10-year average.
MPC PE vs peers
In comparison to its peers XOM and CVX, MPC's PE ratio is lower, but it is higher than VLO's. Marathon Petroleum's PE ratio is trading below the peer group average of 11.55.
| Stock name | PE ratio | Market cap |
|---|---|---|
| VLO Valero Energy Corp | 7.6 | $42.99B |
| MPC Marathon Petroleum Corp | 8.6 | $55.56B |
| PSX Phillips 66 | 10.9 | $53.64B |
| BP BP plc | 12.08 | $88.48B |
| XOM Exxon Mobil Corp | 13.47 | $500.44B |
| CVX Chevron Corp | 13.68 | $253.41B |
| DK Delek US Holdings Inc | N/A | $1.26B |
Frequently asked questions
What is Marathon Petroleum's PE ratio?
The price to earnings ratio for MPC stock is 8.6 as of Sep 6, 2024.
What is the 3-year average PE ratio for Marathon Petroleum (MPC)?
Over the last 3 years, the average price to earnings ratio for MPC stock is 5.53.
What is the 5-year average PE ratio for Marathon Petroleum (MPC)?
Over the last 5 years, the average price to earnings ratio for MPC stock is 6.63.
What is the highest PE ratio for MPC?
The highest quarterly PE ratio in the last ten years has been 30.6 and it was in the Jun 2017 quarter.
How does the current PE ratio for MPC compare to its historical average?
MPC's current price to earnings ratio is 17% below its 10-year historical average.
Why is Marathon Petroleum's PE ratio so low?
MPC's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 8.6 is considered low.
How is MPC's PE ratio calculated (Marathon Petroleum PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Sep 6, 2024), Marathon Petroleum's stock price is $166. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $19.31. Therefore, Marathon Petroleum's PE ratio for today is 8.6. PE RATIO(8.6) = STOCK PRICE($166) / TTM EPS($19.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.