14 years of historical data (2011–2024) · Consumer Cyclical · Specialty Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Murphy USA Inc. trades at 16.2x earnings, 19% above its 5-year average of 13.6x, sitting at the 83rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 18.8x, the stock trades at a discount of 14%. On a free-cash-flow basis, the stock trades at 18.6x P/FCF, 21% above the 5-year average of 15.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.3B | $10.5B | $7.8B | $6.7B | $5.3B | $3.9B | $3.7B | $2.5B | $2.9B | $2.4B | $2.7B |
| Enterprise Value | $9.6B | $12.8B | $9.9B | $8.9B | $7.3B | $4.8B | $4.6B | $3.2B | $3.6B | $3.0B | $3.0B |
| P/E Ratio → | 16.21 | 20.81 | 13.99 | 9.95 | 13.35 | 10.01 | 24.07 | 11.83 | 11.85 | 11.00 | 15.11 |
| P/S Ratio | 0.36 | 0.52 | 0.36 | 0.29 | 0.31 | 0.34 | 0.27 | 0.18 | 0.23 | 0.21 | 0.21 |
| P/B Ratio | 9.69 | 12.45 | 9.40 | 10.45 | 6.57 | 4.93 | 4.64 | 3.13 | 3.93 | 3.50 | 3.36 |
| P/FCF | 18.62 | 26.85 | 17.37 | 9.71 | 11.46 | 11.60 | 34.35 | 13.00 | 114.84 | 32.37 | 250.64 |
| P/OCF | 8.56 | 12.34 | 9.93 | 6.73 | 7.19 | 6.85 | 11.90 | 6.34 | 10.25 | 7.22 | 12.32 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Murphy USA Inc.'s enterprise value stands at 9.7x EBITDA, 6% above its 5-year average of 9.1x. The Consumer Cyclical sector median is 11.0x, placing the stock at a 12% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.63 | 0.46 | 0.38 | 0.42 | 0.43 | 0.33 | 0.22 | 0.28 | 0.25 | 0.24 |
| EV / EBITDA | 9.66 | 12.90 | 9.40 | 7.47 | 8.90 | 6.71 | 10.90 | 6.95 | 8.99 | 7.38 | 8.93 |
| EV / EBIT | 12.89 | 17.07 | 11.94 | 9.19 | 12.06 | 8.66 | 17.92 | 9.81 | 12.61 | 7.54 | 12.10 |
| EV / FCF | — | 32.81 | 22.17 | 12.92 | 15.75 | 14.55 | 42.49 | 16.49 | 142.94 | 39.22 | 287.20 |
Margins and return-on-capital ratios measuring operating efficiency
Murphy USA Inc. earns an operating margin of 3.7%, roughly in line with the Consumer Cyclical sector average. Return on equity of 60.2% is exceptionally high — well above the sector median of 6.5%. ROIC of 18.1% represents solid returns on invested capital versus a sector median of 5.6%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.4% | 11.4% | 10.7% | 10.2% | 10.7% | 12.8% | 8.0% | 7.6% | 8.3% | 8.8% | 7.5% |
| Operating Margin | 3.7% | 3.7% | 3.8% | 4.1% | 3.5% | 5.0% | 1.9% | 2.3% | 2.2% | 2.6% | 2.0% |
| Net Profit Margin | 2.5% | 2.5% | 2.6% | 2.9% | 2.3% | 3.4% | 1.1% | 1.5% | 1.9% | 1.9% | 1.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 60.2% | 60.2% | 75.8% | 92.9% | 49.9% | 48.7% | 19.2% | 27.6% | 34.2% | 29.7% | 21.4% |
| ROA | 11.3% | 11.3% | 13.2% | 16.5% | 11.8% | 14.4% | 6.1% | 9.1% | 11.1% | 11.1% | 9.2% |
| ROIC | 18.1% | 18.1% | 21.2% | 25.7% | 19.9% | 24.3% | 12.7% | 16.6% | 16.0% | 18.8% | 17.4% |
| ROCE | 21.0% | 21.0% | 24.5% | 29.2% | 21.9% | 25.8% | 13.2% | 17.7% | 16.8% | 19.5% | 16.8% |
Solvency and debt-coverage ratios — lower is generally safer
Murphy USA Inc. carries a Debt/EBITDA ratio of 2.4x, which is manageable (43% below the sector average of 4.2x). Net debt stands at $2.3B ($2.4B total debt minus $47M cash). Interest coverage of 7.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.82 | 2.82 | 2.74 | 3.55 | 2.78 | 1.46 | 1.45 | 1.07 | 1.19 | 0.96 | 0.62 |
| Debt / EBITDA | 2.39 | 2.39 | 2.15 | 1.91 | 2.74 | 1.59 | 2.75 | 1.87 | 2.19 | 1.68 | 1.44 |
| Net Debt / Equity | — | 2.76 | 2.60 | 3.45 | 2.46 | 1.25 | 1.10 | 0.84 | 0.96 | 0.74 | 0.49 |
| Net Debt / EBITDA | 2.34 | 2.34 | 2.04 | 1.86 | 2.42 | 1.36 | 2.09 | 1.47 | 1.77 | 1.29 | 1.14 |
| Debt / FCF | — | 5.96 | 4.80 | 3.21 | 4.29 | 2.95 | 8.14 | 3.49 | 28.09 | 6.86 | 36.56 |
| Interest Coverage | 7.65 | 7.65 | 8.39 | 11.23 | 7.33 | 10.92 | 4.89 | 6.15 | 6.07 | 7.55 | 7.60 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.79x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.37x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 0.85x to 0.79x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.79 | 0.79 | 0.95 | 0.85 | 1.14 | 1.18 | 1.41 | 1.19 | 1.15 | 1.00 | 1.11 |
| Quick Ratio | 0.37 | 0.37 | 0.56 | 0.48 | 0.70 | 0.65 | 0.96 | 0.73 | 0.81 | 0.70 | 0.71 |
| Cash Ratio | 0.05 | 0.05 | 0.14 | 0.09 | 0.38 | 0.31 | 0.56 | 0.39 | 0.32 | 0.30 | 0.26 |
| Asset Turnover | — | 4.46 | 4.96 | 5.69 | 4.29 | 4.19 | 5.22 | 6.08 | 5.50 | 5.55 | 6.73 |
| Inventory Turnover | 44.67 | 44.67 | 56.32 | 65.95 | 53.07 | 35.19 | 56.71 | 59.93 | 64.47 | 68.98 | 75.31 |
| Days Sales Outstanding | — | 4.84 | 5.71 | 4.39 | 4.11 | 5.47 | 4.50 | 3.53 | 6.41 | 5.78 | 3.92 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Murphy USA Inc. returns 6.6% to shareholders annually — split between a 0.5% dividend yield and 6.1% buyback yield. The payout ratio of 7.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.4% | 0.4% | 0.4% | 0.5% | 0.2% | — | — | — | — | — |
| Payout Ratio | 7.3% | 7.3% | 6.0% | 4.4% | 6.9% | 1.8% | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 4.8% | 7.1% | 10.1% | 7.5% | 10.0% | 4.2% | 8.5% | 8.4% | 9.1% | 6.6% |
| FCF Yield | 5.4% | 3.7% | 5.8% | 10.3% | 8.7% | 8.6% | 2.9% | 7.7% | 0.9% | 3.1% | 0.4% |
| Buyback Yield | 6.1% | 4.3% | 4.3% | 12.0% | 6.7% | 10.3% | 4.4% | 5.7% | 7.1% | 13.3% | 9.3% |
| Total Shareholder Yield | 6.6% | 4.6% | 4.7% | 12.5% | 7.2% | 10.5% | 4.4% | 5.7% | 7.1% | 13.3% | 9.3% |
| Shares Outstanding | — | $21M | $22M | $24M | $27M | $30M | $32M | $33M | $36M | $40M | $44M |
Compare MUSA with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| MUSAYou | $7B | 16.2 | 9.7 | 18.6 | 11.4% | 3.7% | 60.2% | 18.1% | 2.4 |
| CASY | $25B | 46.8 | 23.4 | 43.5 | 23.5% | 5.0% | 16.8% | 11.3% | 2.5 |
| CART | $10B | 23.7 | 15.4 | 16.0 | 75.3% | 14.5% | 13.4% | 21.9% | 0.0 |
| ARKO | $713M | 42.9 | 2.2 | — | — | 1.3% | 11.0% | 5.5% | 0.5 |
| WNW | $98M | 0.2 | — | — | 42.4% | -1291.6% | 15.0% | -26.0% | — |
| WBUY | $97M | -8.2 | — | — | 7.3% | -15.1% | -105.5% | -104.4% | — |
| Consumer Cyclical Median | — | 18.8 | 11.0 | 14.0 | 38.6% | 2.4% | 6.5% | 5.6% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 14 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how MUSA stacks up against sector leader Casey's General Stores, Inc..
Start ComparisonMurphy USA Inc.'s current P/E ratio is 16.2x. The historical average is 13.6x. This places it at the 83th percentile of its historical range.
Murphy USA Inc.'s current EV/EBITDA is 9.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
Murphy USA Inc.'s return on equity (ROE) is 60.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 39.6%.
Based on historical data, Murphy USA Inc. is trading at a P/E of 16.2x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Murphy USA Inc.'s current dividend yield is 0.45% with a payout ratio of 7.3%.
Murphy USA Inc. has 11.4% gross margin and 3.7% operating margin.
Murphy USA Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.