Latest Ratios: P/E Ratio 12.7x · EV/EBITDA 4.1x · ROE 16.4%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $4.1B | $4.4B | $4.0B | $4.4B | $3.3B | $1.2B | $2.1B | $1.8B | $791M | — |
| Enterprise Value | $4.5B | $4.2B | $4.5B | $4.0B | $4.1B | $3.3B | $1.4B | $2.3B | $2.0B | $791M | — |
| P/E Ratio → | 12.67 | 12.51 | 12.05 | 10.44 | 4.98 | 8.00 | — | 44.93 | 18.68 | 4.43 | — |
| P/S Ratio | 2.63 | 3.10 | 3.31 | 3.27 | 2.60 | 3.07 | 2.17 | 2.23 | 1.71 | 1.96 | — |
| P/B Ratio | 2.20 | 2.03 | 2.22 | 2.13 | 2.53 | 3.17 | 1.40 | 0.77 | 0.66 | 0.50 | — |
| P/FCF | 7.11 | 9.93 | 10.04 | 9.31 | 5.30 | 5.99 | 13.35 | 9.89 | 7.07 | 79.58 | — |
| P/OCF | 4.99 | 4.62 | 4.73 | 4.69 | 3.40 | 4.20 | 3.79 | 3.24 | 3.01 | 3.07 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.21 | 3.43 | 3.28 | 2.44 | 3.10 | 2.55 | 2.45 | 1.95 | 1.96 | — |
| EV / EBITDA | 4.09 | 4.81 | 4.87 | 4.68 | 3.14 | 4.18 | — | 3.47 | 3.40 | 6.16 | — |
| EV / EBIT | 10.32 | 9.60 | 8.89 | 7.31 | 3.82 | 5.57 | — | 18.05 | 6.11 | — | — |
| EV / FCF | — | 10.30 | 10.39 | 9.33 | 4.97 | 6.05 | 15.70 | 10.88 | 8.08 | 79.58 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.7% | 46.7% | 51.7% | 57.2% | 74.1% | 68.9% | 23.8% | 32.9% | 89.6% | 61.0% | 59.6% |
| Operating Margin | 33.5% | 33.5% | 38.9% | 43.6% | 63.4% | 55.9% | -355.7% | 13.5% | 26.3% | -0.3% | 26.0% |
| Net Profit Margin | 24.8% | 24.8% | 27.8% | 31.6% | 52.7% | 38.7% | -223.2% | 5.3% | 9.0% | 0.4% | 19.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.4% | 16.4% | 19.0% | 21.4% | 64.2% | 44.3% | -67.7% | 1.8% | 4.4% | 0.2% | 3.4% |
| ROA | 11.4% | 11.4% | 13.1% | 14.6% | 41.4% | 26.1% | -49.1% | 1.5% | 3.7% | 0.1% | 3.3% |
| ROIC | 15.4% | 15.4% | 19.2% | 23.9% | 63.4% | 42.6% | -72.5% | 3.2% | 9.0% | -0.1% | 3.5% |
| ROCE | 17.1% | 17.1% | 20.6% | 22.9% | 57.1% | 42.2% | -83.4% | 3.9% | 11.3% | -0.1% | 4.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 0.38 | 0.47 | 0.14 | 0.14 | — | — |
| Debt / EBITDA | 0.48 | 0.48 | 0.44 | 0.48 | 0.30 | 0.50 | — | 0.59 | 0.65 | — | — |
| Net Debt / Equity | — | 0.08 | 0.08 | 0.00 | -0.16 | 0.03 | 0.25 | 0.08 | 0.09 | 0.00 | 0.00 |
| Net Debt / EBITDA | 0.17 | 0.17 | 0.16 | 0.01 | -0.21 | 0.04 | — | 0.32 | 0.42 | 0.00 | 0.00 |
| Debt / FCF | — | 0.37 | 0.35 | 0.02 | -0.33 | 0.05 | 2.34 | 0.99 | 1.01 | 0.00 | 0.00 |
| Interest Coverage | 20.31 | 20.31 | 35.32 | 16661.97 | 46.09 | 19.34 | -66.89 | 4.52 | 11.13 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 1.42 | 1.88 | 2.50 | 2.37 | 2.18 | 1.67 | 1.48 | 1.41 | 1.39 |
| Quick Ratio | 1.54 | 1.54 | 1.42 | 1.88 | 2.50 | 2.37 | 2.18 | 1.67 | 1.48 | 1.41 | 1.39 |
| Cash Ratio | 0.93 | 0.93 | 0.90 | 1.27 | 1.98 | 1.68 | 1.49 | 1.04 | 0.69 | — | 1.30 |
| Asset Turnover | — | 0.45 | 0.47 | 0.45 | 0.66 | 0.62 | 0.37 | 0.27 | 0.30 | 0.24 | 0.17 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 48.63 | 41.02 | 56.43 | 36.78 | 50.69 | 55.00 | 40.98 | 49.25 | 103.39 | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.6% | 2.8% | 2.2% | 2.2% | 1.7% | 0.4% | — | — | — | — | — |
| Payout Ratio | 34.8% | 34.8% | 26.7% | 22.7% | 8.4% | 3.4% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.9% | 8.0% | 8.3% | 9.6% | 20.1% | 12.5% | — | 2.2% | 5.4% | 22.6% | — |
| FCF Yield | 14.1% | 10.1% | 10.0% | 10.7% | 18.9% | 16.7% | 7.5% | 10.1% | 14.1% | 1.3% | — |
| Buyback Yield | 4.7% | 5.1% | 6.3% | 5.1% | 8.0% | 9.0% | 2.4% | 3.8% | 20.0% | 0.0% | — |
| Total Shareholder Yield | 7.3% | 7.8% | 8.5% | 7.3% | 9.7% | 9.4% | 2.4% | 3.8% | 20.0% | 0.0% | — |
| Shares Outstanding | — | $186M | $186M | $188M | $188M | $175M | $166M | $167M | $159M | $81M | $75M |
Includes 30+ ratios · 10 years · Updated daily
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Quick answers to the most common questions about buying MGY stock.
Magnolia Oil & Gas Corporation's current P/E ratio is 12.7x. The historical average is 14.5x. This places it at the 75th percentile of its historical range.
Magnolia Oil & Gas Corporation's current EV/EBITDA is 4.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.3x.
Magnolia Oil & Gas Corporation's return on equity (ROE) is 16.4%. The historical average is 10.7%.
Based on historical data, Magnolia Oil & Gas Corporation is trading at a P/E of 12.7x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Magnolia Oil & Gas Corporation's current dividend yield is 2.57% with a payout ratio of 34.8%.
Magnolia Oil & Gas Corporation has 46.7% gross margin and 33.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Magnolia Oil & Gas Corporation's Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Acquisition-driven leverage and integration risk
Metrics are mathematically derived from official filings.
Discounted Multiples Price in Earnings Pressure
MGY trades at 12.67 times trailing earnings and 7.94 times forward earnings, with EV/EBITDA of 4.09, a discount to CHRD, SM and MTDR that reflects the sharp Q3 2026 EPS miss against consensus.
The gap between trailing and forward P/E implies the market expects earnings to recover from the recent shortfall, though the forward estimate rests on consensus that the latest miss has already called into question. Against peers, MTDR at 8.68 times and SM at 7.62 times trailing earnings sit at similar or slightly higher levels, so the discount is modest rather than dramatic. Investors should monitor whether estimate revisions follow the miss, since a sustained downgrade would likely erase the apparent cheapness.
Margin Step-Change Clouds Earnings Power
As reported in financial statements, MGY's gross margin rose from roughly 43% in 2025Q4 to above 80% in 2026Q2 and Q3, while net margin fell to 15.7% in Q3, a divergence that points to below-the-line pressure.
The jump in gross margin is far larger than commodity price movement alone would explain, which suggests acquired assets and a shifted product mix are driving the change rather than pure operating improvement. Operating margin of 30.1% in Q3 remains healthy, yet net margin compressed sharply, implying interest, D&A or integration costs are absorbing a growing share of operating profit. Operating margin is therefore a better read of underlying asset quality than net margin until integration costs stabilize.
Debt Step-Up Erodes Prior Conservatism
Based on reported figures, total debt climbed from $393.6M to $1.9B between Q2 and Q3 2026, lifting D/E from 0.18 to 0.46 against a multi-year range near 0.20, with interest coverage still at 13.2 times.
The move from a near-zero leverage baseline is significant for a company that previously differentiated itself on balance sheet strength, and it likely reflects acquisition financing rather than organic borrowing. Interest coverage of 13.2 times remains comfortable, which suggests near-term debt service is manageable, but the coverage ratio will compress as the new debt is fully reflected in interest expense. Investors should watch whether leverage is reduced over subsequent quarters, as the trajectory determines whether the prior conservatism is recoverable.
Thin Cash Cushion Against Current Obligations
According to recent filings, MGY held only $17.5M of cash in Q3 2026 against a current ratio that compressed from 1.54 at year-end 2025 to 0.51, leaving little buffer against near-term obligations.
A current ratio below 1.0 with minimal cash means short-term obligations exceed liquid resources, a position that depends on continued operating cash generation to meet near-term commitments. Operating cash flow of $369.0M in Q3 is substantial relative to the cash balance, which suggests the company relies on cash generation rather than reserves. Under a sharp commodity price decline, this structure would leave limited margin for error, and investors should monitor whether the current ratio recovers as acquired cash flows stabilize.
Headline Leverage May Understate Obligations
Based on reported figures, the 0.46 D/E ratio captures only funded debt, and the reported balance sheet does not itemize operating leases or other long-dated obligations that may have been assumed in the WildFire acquisition.
Funded debt ratios can understate the true claims on cash flow when acquisitions bring along lease commitments, asset retirement obligations or other long-dated liabilities. The absence of itemized disclosure in the supplied data prevents a firm conclusion, but it warrants investigation. The more appropriate lens for an E&P is net debt to EBITDA or debt including lease and retirement obligations, which would present a fuller picture of leverage than D/E alone.