As at Apr 26, 2024, the MRO stock has a price-to-earnings ratio of 10.85. This is based on the current EPS of $2.56 and the stock price of $27.77 per share. An increase of 35% has been recorded in the P/E ratio compared to the average of 8.0 of the last 4 quarters.
The mean historical PE ratio of Marathon Oil over the last ten years is 11.68. The current 10.85 PE ratio is 7% 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.
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% |
The current PE ratio of MRO is above the 3 and 5-year historical averages, but it is lower than the 10-year average.
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 12.23.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BP BP plc | 7.49 | $110.89B |
| DVN Devon Energy Corp | 8.99 | $33.47B |
| MRO Marathon Oil Corp | 10.85 | $16.03B |
| MUR Murphy Oil Corp | 10.9 | $7.09B |
| XOM Exxon Mobil Corp | 13.27 | $468.05B |
| COP Conocophillips | 14.34 | $153.22B |
| CVX Chevron Corp | 14.54 | $308.1B |
| OXY Occidental Petroleum Corp | 16.06 | $59.61B |
| HES Hess Corp | 35.96 | $49.92B |
As of Apr 26, 2024, MRO stock has a price to earnings ratio of 10.85.
The 3-year average PE ratio for MRO stock is 7.71.
The 5-year average PE ratio for MRO stock is 9.69.
Over the last ten years, the quarterly PE ratio reached a historic high of 29.1 in the Sep 2018 quarter.
MRO's current price to earnings ratio is 7% below its 10-year historical average.
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 (Apr 26, 2024), Marathon Oil's stock price is $27.77. 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 10.85. PE RATIO(10.85) = STOCK PRICE($27.77) / TTM EPS($2.56)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.