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MRO Marathon Oil PE ratio, current and historical analysis

As at Feb 23, 2024, the MRO stock has a price-to-earnings ratio of 9.29. This is based on the current EPS of $2.56 and the stock price of $23.78 per share. An increase of 16% has been recorded in the P/E ratio compared to the average of 8.0 of the last 4 quarters.

MRO PE ratio history

How has MRO's PE ratio performed in the past

The mean historical PE ratio of Marathon Oil over the last ten years is 11.6. The current 9.29 PE ratio is 20% below the historical average. In the past ten years, MRO's PE ratio was at its highest in the Sep 2018 quarter at 29.1, with a price of $23.28 and an EPS of $0.8. The Sep 2022 quarter recorded the bottom point at 4.34, with a price of $22.58 and an EPS of $5.2.

Average
11.6
Median
10.31
Minimum
4.34
Maximum
29.1

Marathon Oil PE ratio by year

Maximum annual increase: 108.7% in 2019

Maximum annual decrease: -62.43% in 2022

Year PE ratio Change
2023 9.44 83.66%
2022 5.14 -62.43%
2021 13.68 N/A
2020 N/A N/A
2019 23.02 108.7%
2018 11.03 N/A
2017 N/A N/A
2016 N/A N/A
2015 N/A N/A
2014 6.31 -55.5%

MRO average PE ratio chart

What is the average PE ratio of MRO for the past years

The current PE ratio of MRO is above the 3-year historical average, but it is lower than the 5 and 10-year averages.

3-year avg
7.71
5-year avg
10.1
10-year avg
11.6
15-year avg
11.7

MRO PE vs peers

What is MRO's PE ratio compared to its peers

Compared to its peers XOM and CVX, MRO's PE ratio stands lower, however it is higher than BP's and DVN's. Marathon Oil's PE ratio is trading below the peer group average of 10.24.

Stock name PE ratio Market cap
BP BP plc 6.71 $99.41B
DVN Devon Energy Corp 7.45 $28.08B
MUR Murphy Oil Corp 9.25 $6.02B
MRO Marathon Oil Corp 9.29 $13.73B
XOM Exxon Mobil Corp 10.31 $411.51B
CVX Chevron Corp 11.44 $291.96B
COP Conocophillips 12.28 $131.18B
OXY Occidental Petroleum Corp 14.22 $52.79B
HES Hess Corp 31.13 $45.8B

Frequently asked questions

What is Marathon Oil's PE ratio?

As of Feb 23, 2024, MRO stock has a price to earnings ratio of 9.29.

What is the 3-year average PE ratio for Marathon Oil (MRO)?

The 3-year average PE ratio for MRO stock is 7.71.

What is the 5-year average PE ratio for Marathon Oil (MRO)?

The 5-year average PE ratio for MRO stock is 10.1.

What is the highest PE ratio for MRO?

Over the last ten years, the quarterly PE ratio reached a historic high of 29.1 in the Sep 2018 quarter.

How does the current PE ratio for MRO compare to its historical average?

MRO's current price to earnings ratio is 20% below its 10-year historical average.

Why is Marathon Oil's PE ratio so low?

A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.

How is MRO's PE ratio calculated (Marathon Oil PE ratio formula)?

The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Feb 23, 2024), Marathon Oil's stock price is $23.78. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.56. Therefore, Marathon Oil's P/E ratio for today is 9.29. PE RATIO(9.29) = STOCK PRICE($23.78) / TTM EPS($2.56)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.