Marathon Digital Holdings, Inc. (MARA) P/E Ratio History
Historical price-to-earnings valuation from 2014 to 2025
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MARA Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Marathon Digital Holdings, Inc. (MARA) trades at a price-to-earnings ratio of -3.5x, with a stock price of $13.03 and trailing twelve-month earnings per share of $-3.69.
The current P/E is 112% 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 Financial Services sector median P/E of 13.4x, MARA trades at a 126% discount to its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
Relative to the broader market, MARA trades at a notable discount to the S&P 500 median P/E of 25.2x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 12.9 | -Best | +262%Best | |
| $20B | 156.4 | -Best | +234% | |
| $622M | 9.7Lowest | -Best | +225% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MARA Historical P/E Data (2014–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $18.26 | $1.81 | 10.1x | -67% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $15.68 | $1.12 | 14.0x | -54% |
| FY2024 Q4 | $16.77 | $1.37 | 12.2x | -60% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $16.22 | $1.08 | 15.0x | -51% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $19.85 | $1.84 | 10.8x | -64% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $22.58 | $2.49 | 9.1x | -70% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $23.49 | $1.95 | 12.0x | -60% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $48.02 | $0.61 | 78.4x | +158% |
| FY2014 Q3 | $115.12 | $1.03 | 111.8x | +268% |
Average P/E for displayed period: 30.4x
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Start ComparisonMARA — Frequently Asked Questions
Quick answers to the most common questions about buying MARA stock.
Is MARA stock overvalued or undervalued?
MARA trades at -3.5x P/E, below its 5-year average of 30.4x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does MARA's valuation compare to peers?
Marathon Digital Holdings, Inc. P/E of -3.5x compares to sector median of 13.4x. The discount suggests lower growth expectations or higher risk.
What is MARA's PEG ratio?
MARA PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2014-2025.