Marathon Digital Holdings, Inc. (MARA) P/E Ratio History
Deep ValueTrading at -0.7x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 2014–2025
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P/E Ratio Analysis
As of November 7, 2026, Marathon Digital Holdings, Inc. (MARA) trades at a price-to-earnings ratio of -0.7x, with a stock price of $6.35 and trailing twelve-month earnings per share of $-9.06.
The current P/E is 102% below its 5-year average of 30.4x. Over the past five years, MARA's P/E has ranged from a low of 9.1x to a high of 111.8x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 24.9x, MARA trades at a 103% discount to its sector peers. The sector includes 329 companies with P/E ratios ranging from 0.0x to 185.0x.
Relative to the broader market, MARA trades at a notable discount to the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MARA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MARA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MARA Historical P/E Data (2014–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | - | $18.26 | $1.81 | 10.1x | -67% |
| FY2025 Q2 | Jun 30 2025 | $15.68 | $1.12 | 14.0x | -54% |
| FY2024 Q4 | - | $16.77 | $1.37 | 12.2x | -60% |
| FY2024 Q3 | Sep 30 2024 | $16.22 | $1.08 | 15.0x | -51% |
| FY2024 Q2 | Jun 30 2024 | $19.85 | $1.84 | 10.8x | -64% |
| FY2024 Q1 | Mar 31 2024 | $22.58 | $2.49 | 9.1x | -70% |
| FY2023 Q4 | Dec 31 2023 | $23.49 | $1.95 | 12.0x | -60% |
| FY2021 Q1 | Mar 31 2021 | $48.02 | $0.61 | 78.4x | +158% |
| FY2014 Q3 | - | $115.12 | $1.03 | 111.8x | +268% |
Average P/E for displayed period: 30.4x
MARA Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MARA — Frequently Asked Questions
Quick answers to the most common questions about buying MARA stock.
What is MARA's P/E ratio?
Marathon Digital Holdings, Inc. (MARA) trailing twelve-month P/E ratio is -0.7x, based on TTM diluted EPS of $-9.06. The 5-year average P/E is 30.4x and the historical range spans 9.1x to 111.8x.
Is MARA stock overvalued or undervalued?
MARA trades at -0.7x P/E, below its 5-year average of 30.4x. At the 0th percentile of its historical range (9.1x–111.8x), the stock is priced at a discount to its own history.
Is MARA stock expensive?
No, MARA is not expensive on a historical basis. The current P/E of -0.7x is below the 5-year average of 30.4x and sits at the 0th percentile of its valuation range.
What is MARA's historical P/E range?
Over the past 5 years, MARA's P/E ratio has ranged from 9.1x to 111.8x, with a median of 12.2x and an average of 30.4x. The current P/E of -0.7x places the stock at the 0th percentile of this range. Full historical data spans 2014–2025.
How does MARA's P/E compare to the S&P 500?
MARA trades at -0.7x P/E versus the S&P 500 median of 21.8x. The 103% discount to the market suggests lower growth expectations or perceived higher risk.
How does MARA's valuation compare to Technology peers?
Marathon Digital Holdings, Inc. P/E of -0.7x compares to the Technology sector median of 24.9x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is MARA's PEG ratio?
MARA PEG ratio is N/A, based on a P/E of -0.7x and EPS growth of -314.5%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is MARA's earnings yield?
MARA earnings yield is N/A, the inverse of its -0.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.