Question 1

What is Marathon Petroleum's P/E ratio?

Accepted Answer

Marathon Petroleum (MPC) P/E ratio is 16.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Marathon Petroleum?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Marathon Petroleum specifically, the relevant sector benchmark is the current sector median of 17.9×.

Question 5

Is Marathon Petroleum's P/E ratio high or low?

Accepted Answer

Marathon Petroleum's P/E ratio of 16.7× is above its own 5-year average of 9.1× and below the sector median of 17.9×. That places the current reading at the 81th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Marathon Petroleum's historical P/E ratio range?

Accepted Answer

In the available daily series, Marathon Petroleum (MPC) P/E ratio has ranged from a low of 2.9× in 2023 to a high of 59.8× in 2010. The 5-year average is 9.1× and the 5-year median is 5.6×.

Question 7

What was Marathon Petroleum's P/E ratio in 2025?

Accepted Answer

Marathon Petroleum (MPC) P/E ratio at the end of 2025 was 12.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Marathon Petroleum's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$48.63B	$4.05B	12.0×	-0.9×	Dec 31, 2025
2024	$44.64B	$3.44B	13.0×	+7.2×	Dec 31, 2024
2023	$55.78B	$9.68B	5.8×	+2.0×	Dec 31, 2023
2022	$54.12B	$14.52B	3.7×	-0.3×	Dec 31, 2022
2021	$38.82B	$9.74B	4.0×	—	Dec 31, 2021
2020	$26.88B	−$9.83B	—	—	Dec 31, 2020
2019	$39.04B	$2.64B	14.8×	-0.1×	Dec 31, 2019
2018	$41.54B	$2.78B	14.9×	+5.5×	Dec 31, 2018
2017	$32.51B	$3.43B	9.5×	-13.2×	Dec 31, 2017
2016	$26.64B	$1.17B	22.7×	+13.0×	Dec 31, 2016
2015	$27.73B	$2.85B	9.7×	-0.3×	Dec 31, 2015
2014	$25.18B	$2.52B	10.0×	-3.1×	Dec 31, 2014
2013	$27.61B	$2.11B	13.1×	+6.8×	Dec 31, 2013
2012	$21.17B	$3.39B	6.2×	+1.4×	Dec 31, 2012
2011	$11.58B	$2.39B	4.8×	-17.4×	Dec 31, 2011
2010	$13.88B	$623.00M	22.3×	—	Dec 31, 2010


Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Exxon Mobil (XOM)	28.0×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
Kinder Morgan (KMI)	22.5×
ConocoPhillips (COP)	22.1×
Enbridge (ENB)	21.6×
Halliburton (HAL)	21.2×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
First Solar (FSLR)	12.7×
EQT (EQT)	11.9×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×
Sunrun (RUN)	5.6×

P/E Ratio for Marathon Petroleum (MPC)

P/E Ratio daily chart for Marathon Petroleum (MPC)

Historical P/E Ratio for Marathon Petroleum (MPC) from 2010 to 2025

About P/E Ratio at Marathon Petroleum (MPC)

Marathon Petroleum P/E Ratio by Year

Marathon Petroleum P/E Ratio 2025: 12.0×

Marathon Petroleum P/E Ratio 2024: 13.0×

Marathon Petroleum P/E Ratio 2023: 5.8×

Marathon Petroleum P/E Ratio 2022: 3.7×

Marathon Petroleum P/E Ratio 2021: 4.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Marathon Petroleum (MPC) Key Financials

P/E Ratio daily chart for Marathon Petroleum (MPC)

Historical P/E Ratio for Marathon Petroleum (MPC) from 2010 to 2025

About P/E Ratio at Marathon Petroleum (MPC)

Marathon Petroleum P/E Ratio by Year

Marathon Petroleum P/E Ratio 2025: 12.0×

Marathon Petroleum P/E Ratio 2024: 13.0×

Marathon Petroleum P/E Ratio 2023: 5.8×

Marathon Petroleum P/E Ratio 2022: 3.7×

Marathon Petroleum P/E Ratio 2021: 4.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Marathon Petroleum's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Marathon Petroleum?

+Is Marathon Petroleum's P/E ratio high or low?

+What is Marathon Petroleum's historical P/E ratio range?

+What was Marathon Petroleum's P/E ratio in 2025?

+Why does Marathon Petroleum's P/E ratio change over time?

Marathon Petroleum (MPC) Key Financials