MRO Marathon Oil PE ratio, current and historical analysis
As at Oct 29, 2024, the MRO stock has a price-to-earnings ratio of 10.07. This is based on the current EPS of $2.57 and the stock price of $25.89 per share. A decrease of 4.2% has been recorded in the P/E ratio compared to the average of 10.5 of the last 4 quarters.
MRO PE ratio history
The mean historical PE ratio of Marathon Oil over the last ten years is 11.78. The current 10.07 PE ratio is 15% 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.
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
The current PE ratio of MRO is above the 3 and 5-year historical averages, but it is lower than the 10-year average.
MRO PE vs peers
Compared to its peers XOM and CVX, MRO's PE ratio stands lower, however it is higher than DVN's and MUR's. Marathon Oil's PE ratio is trading below the peer group average of 11.66.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DVN Devon Energy Corp | 6.94 | $24.09B |
| MUR Murphy Oil Corp | 8.23 | $4.76B |
| MRO Marathon Oil Corp | 10.11 | $14.54B |
| COP Conocophillips | 11.41 | $119.3B |
| OXY Occidental Petroleum Corp | 11.48 | $45.43B |
| XOM Exxon Mobil Corp | 14.03 | $521.01B |
| CVX Chevron Corp | 14.68 | $271.89B |
| HES Hess Corp | 15.64 | $41.64B |
| BP BP plc | 28.64 | $79.34B |
Frequently asked questions
What is Marathon Oil's PE ratio?
As of Oct 29, 2024, MRO stock has a price to earnings ratio of 10.07.
What is the 3-year average PE ratio for Marathon Oil (MRO)?
The 3-year average PE ratio for MRO stock is 8.39.
What is the 5-year average PE ratio for Marathon Oil (MRO)?
The 5-year average PE ratio for MRO stock is 9.66.
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 15% below its 10-year historical average.
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 (Oct 29, 2024), Marathon Oil's stock price is $25.89. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.57. Therefore, Marathon Oil's P/E ratio for today is 10.07. PE RATIO(10.07) = STOCK PRICE($25.89) / TTM EPS($2.57)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.