Murphy USA Inc. (MUSA) P/E Ratio History
ExpensiveTrading at 21.0x vs 5Y avg 14.9x · 100th percentile · Material premium to history · Data 2013–2026
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P/E Ratio Analysis
As of September 24, 2026, Murphy USA Inc. (MUSA) trades at a price-to-earnings ratio of 21.0x, with a stock price of $506.24 and trailing twelve-month earnings per share of $33.27.
The current P/E is 41% above its 5-year average of 14.9x. Over the past five years, MUSA's P/E has ranged from a low of 9.6x to a high of 20.7x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.1x, MUSA is roughly in line with its sector peers. The sector includes 310 companies with P/E ratios ranging from 0.0x to 184.9x.
The PEG ratio of 1.62 (P/E divided by -0% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, MUSA trades roughly in line with the S&P 500 median P/E of 25.3x. 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 MUSA 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.
MUSA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MUSA P/E vs Peers
Grocery, Convenience and Fuel Retail peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $22B | 31.2 | 1.73 | +31% | |
| $475M | 28.2 | 1.75 | +15% | |
| $10B | 20.5 | 1.15 | -39% | |
| $19B | 34.1 | - | +242%Best | |
| $2B | 10.6Lowest | 0.79Best | +16% | |
| $837M | 20.1 | - | +110% | |
| $2B | 18.9 | - | -21% | |
| $2B | 19.9 | - | -11% | |
| $15B | 27.5 | 0.92 | -3% | |
| $264M | 13.5 | - | -41% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MUSA Historical P/E Data (2013–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $538.87 | $32.83 | 16.4x | +21% |
| FY2026 Q1 | - | $493.97 | $28.93 | 17.1x | +26% |
| FY2025 Q4 | Dec 31 2025 | $403.52 | $24.28 | 16.6x | +23% |
| FY2025 Q3 | - | $388.26 | $23.71 | 16.4x | +21% |
| FY2025 Q2 | Jun 30 2025 | $406.80 | $24.16 | 16.8x | +24% |
| FY2025 Q1 | Mar 31 2025 | $469.81 | $23.71 | 19.8x | +46% |
| FY2024 Q4 | - | $501.75 | $24.20 | 20.7x | +53% |
| FY2024 Q3 | Sep 30 2024 | $492.87 | $24.24 | 20.3x | +50% |
| FY2024 Q2 | Jun 30 2024 | $469.46 | $24.73 | 19.0x | +40% |
| FY2024 Q1 | Mar 31 2024 | $419.20 | $23.83 | 17.6x | +30% |
| FY2023 Q4 | Dec 31 2023 | $356.56 | $25.51 | 14.0x | +3% |
| FY2023 Q3 | Sep 30 2023 | $341.73 | $23.72 | 14.4x | +6% |
| FY2023 Q2 | Jun 30 2023 | $311.11 | $25.31 | 12.3x | -9% |
| FY2023 Q1 | Mar 31 2023 | $258.05 | $26.82 | 9.6x | -29% |
| FY2022 Q4 | Dec 31 2022 | $279.54 | $28.10 | 9.9x | -26% |
| FY2022 Q3 | Sep 30 2022 | $274.91 | $27.12 | 10.1x | -25% |
| FY2022 Q2 | - | $232.87 | $21.82 | 10.7x | -21% |
| FY2022 Q1 | - | $199.96 | $19.08 | 10.5x | -23% |
| FY2021 Q4 | Dec 31 2021 | $199.24 | $15.01 | 13.3x | -2% |
| FY2021 Q3 | - | $167.26 | $12.94 | 12.9x | -4% |
| FY2021 Q2 | Jun 30 2021 | $133.37 | $11.23 | 11.9x | -12% |
| FY2021 Q1 | Mar 31 2021 | $144.56 | $12.17 | 11.9x | -12% |
| FY2020 Q4 | - | $130.87 | $13.08 | 10.0x | -26% |
| FY2020 Q3 | Sep 30 2020 | $128.27 | $12.46 | 10.3x | -24% |
| FY2020 Q2 | - | $112.59 | $12.37 | 9.1x | -33% |
| FY2020 Q1 | - | $84.36 | $7.65 | 11.0x | -19% |
| FY2019 Q4 | - | $117.00 | $4.89 | 23.9x | +77% |
| FY2019 Q3 | Sep 30 2019 | $85.30 | $5.73 | 14.9x | +10% |
| FY2019 Q2 | Jun 30 2019 | $84.03 | $4.93 | 17.0x | +26% |
| FY2019 Q1 | Mar 31 2019 | $85.62 | $5.50 | 15.6x | +15% |
| FY2018 Q4 | Dec 31 2018 | $76.64 | $6.50 | 11.8x | -13% |
| FY2018 Q3 | Sep 30 2018 | $85.46 | $7.70 | 11.1x | -18% |
| FY2018 Q2 | Jun 30 2018 | $74.29 | $8.22 | 9.0x | -33% |
| FY2018 Q1 | Mar 31 2018 | $72.80 | $8.15 | 8.9x | -34% |
| FY2017 Q4 | Dec 31 2017 | $80.36 | $6.91 | 11.6x | -14% |
| FY2017 Q3 | Sep 30 2017 | $69.00 | $4.47 | 15.4x | +14% |
| FY2017 Q2 | Jun 30 2017 | $74.11 | $3.73 | 19.9x | +47% |
| FY2017 Q1 | Mar 31 2017 | $73.42 | $3.39 | 21.7x | +60% |
| FY2016 Q4 | Dec 31 2016 | $61.47 | $5.55 | 11.1x | -18% |
| FY2016 Q3 | Sep 30 2016 | $71.36 | $5.99 | 11.9x | -12% |
| FY2016 Q2 | - | $74.16 | $6.24 | 11.9x | -12% |
| FY2016 Q1 | - | $61.45 | $5.66 | 10.9x | -20% |
| FY2015 Q4 | - | $60.74 | $4.08 | 14.9x | +10% |
| FY2015 Q3 | Sep 30 2015 | $54.95 | $4.63 | 11.9x | -12% |
| FY2015 Q2 | - | $55.82 | $4.58 | 12.2x | -10% |
| FY2015 Q1 | - | $72.37 | $5.56 | 13.0x | -4% |
| FY2014 Q4 | Dec 31 2014 | $68.86 | $5.27 | 13.1x | -3% |
| FY2014 Q3 | - | $53.06 | $5.14 | 10.3x | -24% |
| FY2014 Q2 | Jun 30 2014 | $48.89 | $4.67 | 10.5x | -23% |
| FY2014 Q1 | Mar 31 2014 | $40.59 | $4.76 | 8.5x | -37% |
| FY2013 Q4 | - | $41.56 | $5.02 | 8.3x | -39% |
| FY2013 Q3 | Sep 30 2013 | $40.39 | $3.43 | 11.8x | -13% |
Average P/E for displayed period: 13.5x
MUSA Chart Terminal
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Live Breakouts Feed
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MUSA — Frequently Asked Questions
Quick answers to the most common questions about buying MUSA stock.
What is MUSA's P/E ratio?
Murphy USA Inc. (MUSA) trailing twelve-month P/E ratio is 21.0x, based on TTM diluted EPS of $33.27. The 5-year average P/E is 14.9x and the historical range spans 9.6x to 20.7x.
Is MUSA stock overvalued or undervalued?
MUSA trades at 21.0x P/E, above its 5-year average of 14.9x. The 100th percentile ranking within the 9.6x–20.7x historical range indicates a premium to historical valuation.
Is MUSA stock expensive?
Yes, MUSA is expensive relative to its own history. The current P/E of 21.0x is above the 5-year average of 14.9x and also above the Consumer Cyclical sector median of 19.1x. The stock sits at the 100th percentile of its 5-year valuation range.
What is MUSA's historical P/E range?
Over the past 5 years, MUSA's P/E ratio has ranged from 9.6x to 20.7x, with a median of 16.4x and an average of 14.9x. The current P/E of 21.0x places the stock at the 100th percentile of this range. Full historical data spans 2013–2026.
How does MUSA's P/E compare to the S&P 500?
MUSA trades at 21.0x P/E versus the S&P 500 median of 25.3x. The 17% discount to the market suggests lower growth expectations or perceived higher risk.
How does MUSA's valuation compare to Consumer Cyclical peers?
Murphy USA Inc. P/E of 21.0x compares to the Consumer Cyclical sector median of 19.1x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is MUSA's PEG ratio?
MUSA PEG ratio is 1.62, based on a P/E of 21.0x and EPS growth of -0.0%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is MUSA's earnings yield?
MUSA earnings yield is 4.76%, the inverse of its 21.0x 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.