Marathon Petroleum
MPC
#243
Rank
$72.60 B
Marketcap
$201.50
Share price
2.29%
Change (1 day)
53.15%
Change (1 year)

P/E ratio for Marathon Petroleum (MPC)

P/E ratio as of March 2024 (TTM): 7.49

According to Marathon Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.48792. At the end of 2022 the company had a P/E ratio of 4.04.

P/E ratio history for Marathon Petroleum from 2011 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.04-4.57%
20214.24-259.02%
2020-2.66-117.74%
201915.037.24%
201810.915.82%
20179.45-58.27%
201622.6130.25%
20159.84-2.9%
201410.1-26.45%
201313.8117.97%
20126.3227.37%
20114.96

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.37-41.69%๐Ÿ‡ฌ๐Ÿ‡ง UK
9.81 31.01%๐Ÿ‡บ๐Ÿ‡ธ USA
11.5 54.16%๐Ÿ‡บ๐Ÿ‡ธ USA
11.7 55.81%๐Ÿ‡บ๐Ÿ‡ธ USA
10.7 42.94%๐Ÿ‡บ๐Ÿ‡ธ USA
5.82-22.33%๐Ÿ‡บ๐Ÿ‡ธ USA
-38.9-619.66%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.