Marathon Petroleum Corporation (MPC) P/E Ratio History
Historical price-to-earnings valuation from 2011 to 2026
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MPC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Marathon Petroleum Corporation (MPC) trades at a price-to-earnings ratio of 18.5x, with a stock price of $245.78 and trailing twelve-month earnings per share of $15.70.
The current P/E is 39% above its 5-year average of 13.3x. Over the past five years, MPC's P/E has ranged from a low of 4.1x to a high of 35.0x, placing the current valuation at the 70th percentile of its historical range.
Compared to the Energy sector median P/E of 16.9x, MPC is roughly in line with its sector peers. The sector includes 174 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, MPC 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 MPC 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.
MPC P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $71B | 31.3 | - | -12% | |
| $69B | 15.9 | - | +116%Best | |
| $57B | 11.5Lowest | - | +14% | |
| $68B | 14.7 | - | +5% | |
| $16B | 30.4 | - | -48% | |
| $54B | 29.3 | - | +48% | |
| $17B | 13.8 | 0.67Best | -25% | |
| $369B | 27.9 | - | -32% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MPC Historical P/E Data (2011–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $244.18 | $15.33 | 15.9x | +32% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $162.63 | $13.36 | 12.2x | +1% |
| FY2025 Q3 | $192.74 | $9.39 | 20.5x | +70% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $166.11 | $6.75 | 24.6x | +103% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $145.69 | $7.12 | 20.5x | +69% |
| FY2024 Q4 | $139.50 | $9.95 | 14.0x | +16% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $162.91 | $12.63 | 12.9x | +7% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $173.48 | $19.04 | 9.1x | -25% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $201.50 | $20.02 | 10.1x | -17% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $148.36 | $23.53 | 6.3x | -48% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $151.34 | $26.78 | 5.7x | -53% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $116.60 | $27.56 | 4.2x | -65% |
Average P/E for displayed period: 12.1x
Full MPC Stock Analysis
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Start ComparisonMPC — Frequently Asked Questions
Quick answers to the most common questions about buying MPC stock.
Is MPC stock overvalued or undervalued?
MPC trades at 18.5x P/E, above its 5-year average of 13.3x. The 70th percentile ranking indicates a premium to historical valuation.
How does MPC's valuation compare to peers?
Marathon Petroleum Corporation P/E of 18.5x compares to sector median of 16.9x. The premium reflects expected growth above peers.
What is MPC's PEG ratio?
MPC PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2011-2026.