Price to Book Value (P/BV)
since 2005
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Marathon Oil Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Analysis of Debt
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Calculation
Marathon Oil Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 17, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2016 | = | ÷ | = | ÷ | |||||||
| Mar 2, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 6, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Marathon Oil Corp. Annual Report.
- Share Price Trend
- The share price experienced considerable fluctuations over the analyzed period. Initially, it increased from $34.89 in early 2006 to a peak of $53.16 in early 2008, followed by a sharp decline to $23.27 by early 2009, likely reflecting market volatility. From 2009 to 2011, there was a recovery phase with prices rising to $49.60. Subsequently, the share price generally declined, reaching a low of $7.39 in early 2016. Post-2016, the price exhibited a gradual recovery, closing at $21.89 by early 2022.
- Book Value Per Share (BVPS) Trend
- BVPS showed a steady rising trend from $15.96 in 2006 to a peak of $33.47 in early 2011, indicating growth in equity value per share. However, from 2011 onwards, the BVPS declined notably to $13.78 by early 2018, suggesting a diminution in net asset value. Thereafter, the BVPS remained relatively stable with minor fluctuations, ending at $14.62 in early 2022.
- Price-to-Book Value (P/BV) Ratio Analysis
- The P/BV ratio started above 2.0 in 2006 and 2007, implying the market valued the shares at significantly higher than their book value. This ratio dropped sharply to 0.77 in early 2009, reflecting a market valuation below book value, which may indicate undervaluation or market concerns. It rebounded to a level around 1.4 by 2012-2013 but experienced another decline reaching a low of 0.27 in early 2016, coinciding with the minimum share price during that period. By early 2022, the ratio increased again to approximately 1.5, indicating renewed market confidence and valuation above book value.
- Overall Assessment
- The data reflects significant volatility in market performance and equity valuation over the period. The early years showed growth in both book value and share price, followed by periods of marked decline during economic downturns or company-specific challenges (notably around 2009 and 2016). The P/BV ratio variations highlight substantial shifts in market perception, oscillating between overvaluation and undervaluation relative to book values. The recent trend towards an increasing P/BV ratio and recovering share price suggests a positive shift in investor sentiment.
Comparison to Competitors
Marathon Oil Corp., P/BV, long-term trends, comparison to competitors
| Marathon Oil Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Feb 17, 2022 | |||||
| Feb 23, 2021 | |||||
| Feb 20, 2020 | |||||
| Feb 21, 2019 | |||||
| Feb 22, 2018 | |||||
| Feb 24, 2017 | |||||
| Feb 25, 2016 | |||||
| Mar 2, 2015 | |||||
| Feb 28, 2014 | |||||
| Feb 22, 2013 | |||||
| Feb 29, 2012 | |||||
| Feb 28, 2011 | |||||
| Feb 26, 2010 | |||||
| Feb 27, 2009 | |||||
| Feb 29, 2008 | |||||
| Mar 1, 2007 | |||||
| Mar 6, 2006 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Marathon Oil Corp., P/BV, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Marathon Oil Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 17, 2022 | ||
| Feb 23, 2021 | ||
| Feb 20, 2020 | ||
| Feb 21, 2019 | ||
| Feb 22, 2018 | ||
| Feb 24, 2017 | ||
| Feb 25, 2016 | ||
| Mar 2, 2015 | ||
| Feb 28, 2014 | ||
| Feb 22, 2013 | ||
| Feb 29, 2012 | ||
| Feb 28, 2011 | ||
| Feb 26, 2010 | ||
| Feb 27, 2009 | ||
| Feb 29, 2008 | ||
| Mar 1, 2007 | ||
| Mar 6, 2006 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Marathon Oil Corp., P/BV, long-term trends, comparison to industry (energy)
| Marathon Oil Corp. | Energy | |
|---|---|---|
| Feb 17, 2022 | ||
| Feb 23, 2021 | ||
| Feb 20, 2020 | ||
| Feb 21, 2019 | ||
| Feb 22, 2018 | ||
| Feb 24, 2017 | ||
| Feb 25, 2016 | ||
| Mar 2, 2015 | ||
| Feb 28, 2014 | ||
| Feb 22, 2013 | ||
| Feb 29, 2012 | ||
| Feb 28, 2011 | ||
| Feb 26, 2010 | ||
| Feb 27, 2009 | ||
| Feb 29, 2008 | ||
| Mar 1, 2007 | ||
| Mar 6, 2006 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).