P/E ratio for Marathon Petroleum (MPC)
P/E ratio as of May 2024 (TTM): 6.49
According to Marathon Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.49461. 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 |
|---|---|---|
| 2022 | 4.04 | -4.57% |
| 2021 | 4.24 | -259.02% |
| 2020 | -2.66 | -117.74% |
| 2019 | 15.0 | 37.24% |
| 2018 | 10.9 | 15.82% |
| 2017 | 9.45 | -58.27% |
| 2016 | 22.6 | 130.25% |
| 2015 | 9.84 | -2.9% |
| 2014 | 10.1 | -26.45% |
| 2013 | 13.8 | 117.97% |
| 2012 | 6.32 | 27.37% |
| 2011 | 4.96 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BP BP | 4.30 | -33.78% | 🇬🇧 UK |
 Phillips 66 PSX | 8.76 | 34.88% | 🇺🇸 USA |
 Exxon Mobil XOM | 11.7 | 80.23% | 🇺🇸 USA |
 Chevron CVX | 11.9 | 83.46% | 🇺🇸 USA |
 HollyFrontier HFC | 10.7 | 64.80% | 🇺🇸 USA |
 Valero Energy VLO | 5.40 | -16.85% | 🇺🇸 USA |
 Delek US DK | -35.1 | -641.05% | 🇺🇸 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.