As at Apr 24, 2024, the MPC stock has a PE ratio of 8.39. This is based on the current EPS of $23.73 and the stock price of $199.14 per share. An increase of 67% has been recorded in the PE ratio compared to the average of 5.0 of the last four quarters.
The mean historical PE ratio of Marathon Petroleum over the last ten years is 10.42. The current 8.39 P/E ratio is 19% 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.
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% |
Currently, MPC's PE ratio is higher than its 3 and 5-year historical averages, but it is lower than the 10-year average.
In comparison to its peers XOM and CVX, MPC's PE ratio is lower, but it is higher than BP's and VLO's. Marathon Petroleum's PE ratio is trading below the peer group average of 10.45.
| Stock name | PE ratio | Market cap |
|---|---|---|
| VLO Valero Energy Corp | 6.61 | $54.8B |
| BP BP plc | 7.43 | $109.94B |
| MPC Marathon Petroleum Corp | 8.32 | $71.31B |
| PSX Phillips 66 | 10.06 | $66.98B |
| XOM Exxon Mobil Corp | 13.62 | $480.27B |
| CVX Chevron Corp | 14.29 | $302.81B |
| DK Delek US Holdings Inc | 97.45 | $1.87B |
The price to earnings ratio for MPC stock is 8.39 as of Apr 24, 2024.
Over the last 3 years, the average price to earnings ratio for MPC stock is 4.78.
Over the last 5 years, the average price to earnings ratio for MPC stock is 6.6.
The highest quarterly PE ratio in the last ten years has been 30.6 and it was in the Jun 2017 quarter.
MPC's current price to earnings ratio is 19% below its 10-year historical average.
MPC's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 8.39 is considered low.
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 (Apr 24, 2024), Marathon Petroleum's stock price is $199.14. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $23.73. Therefore, Marathon Petroleum's PE ratio for today is 8.39. PE RATIO(8.39) = STOCK PRICE($199.14) / TTM EPS($23.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.