As at Jul 31, 2026, the MPC stock has a PE ratio of 20.71. This is based on the current EPS of $15.28 and the stock price of $316.47 per share. An increase of 14% has been recorded in the PE ratio compared to the average of 18.2 of the last four quarters.
MPC PE ratio history
The mean historical PE ratio of Marathon Petroleum over the last ten years is 11.87. The current 20.71 P/E ratio is 74% higher 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 | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 12.28 | -11.01% | $162.63 | $13.24 |
| 2024 | 13.8 | 120.8% | $139.5 | $10.11 |
| 2023 | 6.25 | 52.07% | $148.36 | $23.73 |
| 2022 | 4.11 | -1.44% | $116.39 | $28.31 |
| 2021 | 4.17 | N/A | $63.99 | $15.34 |
| 2020 | N/A | N/A | $41.36 | -$15.13 |
| 2019 | 15.06 | 36.78% | $60.25 | $4 |
| 2018 | 11.01 | 12.81% | $59.01 | $5.36 |
| 2017 | 9.76 | -56.97% | $65.98 | $6.76 |
| 2016 | 22.68 | 131.43% | $50.35 | $2.22 |
| 2015 | 9.8 | -4.02% | $51.84 | $5.29 |
| 2014 | 10.21 | -25.64% | $45.13 | $4.42 |
| 2013 | 13.73 | 116.56% | $45.87 | $3.34 |
| 2012 | 6.34 | 27.57% | $31.5 | $4.97 |
| 2011 | 4.97 | N/A | $16.65 | $3.35 |
Marathon Petroleum PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 15.98 | 30.13% | $244.18 | $15.28 |
| Dec 2025 | 12.28 | -39.54% | $162.63 | $13.24 |
| Sep 2025 | 20.31 | -16.11% | $192.74 | $9.49 |
| Jun 2025 | 24.21 | 20.33% | $166.11 | $6.86 |
| Mar 2025 | 20.12 | 45.8% | $145.69 | $7.24 |
| Dec 2024 | 13.8 | 9.09% | $139.5 | $10.11 |
| Sep 2024 | 12.65 | 40.87% | $162.91 | $12.88 |
| Jun 2024 | 8.98 | -9.48% | $173.48 | $19.31 |
| Mar 2024 | 9.92 | 58.72% | $201.5 | $20.31 |
| Dec 2023 | 6.25 | 11.21% | $148.36 | $23.73 |
| Sep 2023 | 5.62 | 33.49% | $151.34 | $26.91 |
| Jun 2023 | 4.21 | 4.21% | $116.6 | $27.72 |
| Mar 2023 | 4.04 | -1.7% | $134.83 | $33.41 |
| Dec 2022 | 4.11 | -4.42% | $116.39 | $28.31 |
| Sep 2022 | 4.3 | -21.25% | $99.33 | $23.09 |
MPC Price vs fair value
MPC average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, MPC's PE ratio is higher than its 3, 5 and 10-year historical averages.
PE comparison
Marathon Petroleum's P/E of 20.71 is above the Energy sector and the industry average but below its peers average. In comparison with its Energy sector average of 16.75, Marathon Petroleum's P/E is 24% higher.
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 26.08.
| Stock name | PE ratio | Market cap |
|---|---|---|
| VLO Valero Energy Corp | 12.87 | $89.13B |
| MPC Marathon Petroleum Corp | 20.43 | $91.12B |
| PSX Phillips 66 | 20.61 | $83.71B |
| XOM Exxon Mobil Corp | 26.07 | $641.85B |
| CVX Chevron Corp | 33.81 | $387.88B |
| BP BP plc | 35.24 | $121.28B |
| DK Delek US Holdings Inc | N/A | $4.11B |
Frequently asked questions
What is Marathon Petroleum's PE ratio?
The price to earnings ratio for MPC stock is 20.71 as of Jul 31, 2026.
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 13.65.
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 9.78.
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 74% above its 10-year historical average.
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 (Jul 31, 2026), Marathon Petroleum's stock price is $316.47. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $15.28. Therefore, Marathon Petroleum's PE ratio for today is 20.71. PE RATIO(20.71) = STOCK PRICE($316.47) / TTM EPS($15.28)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.