Marathon Petroleum (MPC) valuation
Marathon Petroleum P/E ratio history
Marathon Petroleum trades at 15.4 times its earnings over the last twelve months and 7.0 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 4.1 (year to Dec 2022) to 22.8 (year to Dec 2016), with a median of 11.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $162.63 | $13.22 | 12.3 | 13.2 |
| Dec 31, 2024 | $139.50 | $10.08 | 13.8 | 14.2 |
| Dec 31, 2023 | $148.36 | $23.63 | 6.3 | 8.8 |
| Dec 31, 2022 | $116.39 | $28.12 | 4.1 | 6.9 |
| Dec 31, 2021 | $63.99 | $15.24 | 4.2 | 17.8 |
| Dec 31, 2020 | $41.36 | -$15.13 | n/m | — |
| Dec 31, 2019 | $60.25 | $3.99 | 15.1 | — |
| Dec 31, 2018 | $59.01 | $5.32 | 11.1 | — |
| Dec 31, 2017 | $65.98 | $6.85 | 9.6 | — |
| Dec 31, 2016 | $50.35 | $2.21 | 22.8 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Marathon Petroleum valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Marathon PetroleumMPC | $130B | 15.4 | 7.0 | 0.8 |
| Valero EnergyVLO | $115B | 9.0 | 7.3 | 0.8 |
| Phillips 66PSX | $113B | 9.0 | 8.9 | 0.7 |
| Delek UsDK | $4.51B | 20.8 | 5.4 | 0.4 |
| Par PacificPARR | $3.82B | 4.5 | 3.7 | 0.4 |
| Peer median | 9.0 | 6.3 | 0.5 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: MPC financials · MPC returns
No forecast, no recommendation. This page describes Marathon Petroleum from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.