Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Paying user area
Try for free
Marathon Oil Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Marathon Oil Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
Marathon Oil Corp., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
The financial ratios for the company exhibit notable fluctuations over the examined periods, reflecting shifts in market valuation relative to earnings, operating profit, sales, and book value.
- Price to Earnings (P/E) Ratio
- This ratio displays a high degree of variability. It begins with unavailable data for the first two quarters, then decreases sharply from 22.13 in September 2018 to 10.56 in September 2019, indicating a reduction in market price relative to earnings. After a moderate rise toward the end of 2019 reaching 16.99 in March 2020, the data is missing for much of 2020 and 2021. In the most recent periods, the P/E ratio drops significantly, reaching a low of 4.69 in June 2022. This trend suggests a substantial increase in earnings relative to share price or a decrease in price itself, possibly indicating either improved profitability or market skepticism.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio also shows substantial volatility. It begins relatively high at 43.99 in March 2018 and declines markedly over several quarters to below 10 by the end of 2018 and through 2019, implying a more favorable market valuation relative to operating profit. A notable spike occurs again in 2022, where the ratio jumps back to 40.44 in March 2022 before declining sharply to 4.57 in June 2022. This fluctuation may indicate cyclical earnings performance or changing investor sentiment toward operating profitability.
- Price to Sales (P/S) Ratio
- This ratio demonstrates a general declining trend from 3.37 in March 2018 to a low of approximately 0.89 in March 2020, signifying a lower market price in relation to sales. However, a recovery phase is observed subsequently, with the ratio increasing again to around 3.17 in March 2022 before retreating to 2.05 in June 2022. The movements suggest periods of varying sales performance or changing valuation levels assigned by the market to sales revenue.
- Price to Book Value (P/BV) Ratio
- The ratio declines from 1.38 in March 2018 to a trough near 0.31 in September 2020, reflecting a market price decreasing relative to the book value of assets. From late 2020 onwards, a recovery is apparent, with the ratio rising to a peak of 1.72 in March 2022 before decreasing slightly to 1.26 in the most recent quarter. This pattern could imply changes in asset valuation or restored investor confidence in the company’s net asset base.
Collectively, these ratios illustrate a period of considerable market valuation volatility relative to the company’s earnings, operating profits, sales, and book value. The sharp declines across multiples around 2020 may correlate with broader economic or sectoral disruptions, followed by partial recoveries. The marked fluctuations in P/E and P/OP ratios in early 2022 particularly indicate significant changes in market perception of profitability. The patterns suggest the company underwent phases of valuation compression and expansion, reflecting changes in financial performance and investor confidence over the timeframe analyzed.
Price to Earnings (P/E)
Marathon Oil Corp., historical P/E calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||
| Net income (loss) (in millions) | ||||||||||||||||||||||||
| Earnings per share (EPS)2 | ||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||
| P/E ratio4 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||
| Chevron Corp. | ||||||||||||||||||||||||
| ConocoPhillips | ||||||||||||||||||||||||
| Exxon Mobil Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2022 Calculation
EPS
= (Net income (loss)Q2 2022
+ Net income (loss)Q1 2022
+ Net income (loss)Q4 2021
+ Net income (loss)Q3 2021)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Marathon Oil Corp. Quarterly or Annual Report.
4 Q2 2022 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of the quarterly financial indicators reveals several notable trends and fluctuations over the examined periods.
- Share Price
- The share price exhibited a general downward trend from early 2018 through mid-2020, declining from around $19.44 in March 2018 to a low near $4.29 by September 2020. Subsequently, the share price demonstrated a recovery phase, increasing significantly to approximately $27.68 by March 2022, before a slight decrease to $21.47 in June 2022. This pattern reflects a period of sustained market pressure followed by renewed investor confidence and price appreciation.
- Earnings per Share (EPS)
- EPS figures showed considerable volatility over the period. There was a negative EPS initially in early 2018, followed by a recovery into positive territory during the 2018 and first half of 2019 quarters, peaking at a positive 1.22. Thereafter, EPS trended downwards, returning to negative values through most of 2020 and early 2021, reaching a trough near -1.84. From mid-2021 onwards, EPS improved significantly, culminating in notably higher positive results, reaching 4.58 by mid-2022, indicating improved profitability and operational performance.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio data provided is partial but indicates some cycle of valuation adjustment relative to earnings. Early positive earnings periods in 2018 and first half of 2019 correspond to moderate P/E ratios ranging from about 10.56 to 22.13, reflecting investor valuation perspectives. Notably, P/E ratios are missing during intervals of negative EPS, consistent with standard financial reporting practices. From early 2021 onwards, the P/E ratio appears to decline, falling to around 4.69 by mid-2022, suggesting that the stock may be priced more attractively relative to its earnings at that time or reflecting expectations of sustained growth.
Overall, the data presents a narrative of initial earnings challenges and share price decline, followed by a recovery period marked by improved earnings and share price appreciation. The P/E ratio movements underscore changing investor sentiment and valuation adjustments in response to the company’s financial performance dynamics.
Price to Operating Profit (P/OP)
Marathon Oil Corp., historical P/OP calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||
| Income (loss) from operations (in millions) | ||||||||||||||||||||||||
| Operating profit per share2 | ||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||
| P/OP ratio4 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||
| Chevron Corp. | ||||||||||||||||||||||||
| ConocoPhillips | ||||||||||||||||||||||||
| Exxon Mobil Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2022 Calculation
Operating profit per share
= (Income (loss) from operationsQ2 2022
+ Income (loss) from operationsQ1 2022
+ Income (loss) from operationsQ4 2021
+ Income (loss) from operationsQ3 2021)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Marathon Oil Corp. Quarterly or Annual Report.
4 Q2 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price exhibited a declining trend from March 2018 through December 2019, decreasing from $19.44 to $10.25. This decline accelerated significantly in early 2020, reaching a low of $4.29 in September 2020. A recovery phase followed, with the share price rising sharply to peak at $27.68 by March 2022, before retreating somewhat to $21.47 in June 2022.
- Operating Profit per Share
- Operating profit per share showed growth during 2018, starting at $0.44 in March and increasing to $2.04 by December. The subsequent year, 2019, saw some volatility and a decline, with operating profit per share falling to $0.8 by December. The year 2020 presented notable challenges, as operating profit per share turned negative beginning in June (-$0.48) and continued declining to -$1.5 by December, indicating operational difficulties. Recovery commenced in 2021, turning positive by September and increasing steadily to reach $4.7 in June 2022.
- Price-to-Operating-Profit (P/OP) Ratio
- The P/OP ratio moved inversely to operating profit per share and share price trends. In 2018, it declined sharply from 43.99 in March to 8.19 in December, reflecting improved profitability relative to share price. In 2019, the ratio fluctuated, generally increasing towards the end of the year. No ratio data is available between September 2019 and December 2020, likely due to negative operating profits. In 2021, the ratio surged dramatically to 40.44 in March, followed by a steady decline to 4.57 in June 2022, consistent with rising operating profits and recovering share prices.
- Overall Insights
- The data reveals a pattern of initial growth in profitability and stable share prices, followed by a substantial downturn beginning in late 2019 and exacerbated throughout 2020, coinciding with operational and market challenges. Subsequently, both profitability per share and share prices demonstrated considerable recovery through 2021 and into mid-2022. The fluctuations in the P/OP ratio underscore shifts in market valuation relative to underlying profitability. The recent upward trends in both share price and operating profit per share suggest improved operational performance and market confidence in the most current periods observed.
Price to Sales (P/S)
Marathon Oil Corp., historical P/S calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||
| Revenues (in millions) | ||||||||||||||||||||||||
| Sales per share2 | ||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||
| P/S ratio4 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||
| Chevron Corp. | ||||||||||||||||||||||||
| ConocoPhillips | ||||||||||||||||||||||||
| Exxon Mobil Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2022 Calculation
Sales per share
= (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Marathon Oil Corp. Quarterly or Annual Report.
4 Q2 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price displayed a declining trend from early 2018 through mid-2020, decreasing from $19.44 in March 2018 to a low of $4.29 in September 2020. Thereafter, a recovery phase is noticeable, with the share price rising substantially to a peak of $27.68 in March 2022 before moderating to $21.47 in June 2022.
- Sales Per Share Pattern
- Sales per share followed a downward trajectory from $5.77 in March 2018 to $3.92 in December 2020, indicating a period of declining revenue generation per share. From early 2021 onward, the figure improved steadily, reaching $10.48 in June 2022, signaling enhanced sales performance and potential growth in revenue streams.
- Price-to-Sales Ratio (P/S) Analysis
- The P/S ratio declined from 3.37 in March 2018 to a low point of 0.89 in March 2020, reflecting a relative undervaluation or weakening market sentiment compared to sales. A notable rebound occurred post-March 2020, with the ratio increasing to 3.17 by March 2022, though it tapered slightly to 2.05 by June 2022. This pattern suggests improving market confidence and valuation relative to sales during the latter period.
- Correlations and Insights
- The initial decline in share price corresponded with falling sales per share and weakening P/S ratios, indicative of adverse market conditions or operational challenges during that time. The recovery phase observed from late 2020 onwards aligns with growing sales per share and rising share prices, reflecting improved financial performance and investor sentiment. Despite fluctuations, the P/S ratio movements imply that market valuation in relation to sales improved significantly following the trough in 2020, pointing toward strengthening fundamentals or favorable market dynamics.
Price to Book Value (P/BV)
Marathon Oil Corp., historical P/BV calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||
| Stockholders’ equity (in millions) | ||||||||||||||||||||||||
| Book value per share (BVPS)2 | ||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||
| P/BV ratio4 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||
| Chevron Corp. | ||||||||||||||||||||||||
| ConocoPhillips | ||||||||||||||||||||||||
| Exxon Mobil Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2022 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Marathon Oil Corp. Quarterly or Annual Report.
4 Q2 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price exhibited a declining trend from early 2018 through mid-2020, decreasing from $19.44 at the end of the first quarter in 2018 to a low of $4.29 in the third quarter of 2020. This downward movement was pronounced, especially during 2019 and the first three quarters of 2020. A recovery phase began in the final quarter of 2020, with the price rising sharply to $11.16 and continuing an upward trend through 2021, peaking at $27.68 in the first quarter of 2022 before experiencing a modest decline to $21.47 in the second quarter of 2022.
- Book Value Per Share (BVPS) Dynamics
- BVPS demonstrated a minor upward trend from $14.1 in the first quarter of 2018 to $15.34 during the third quarter of 2019, indicating incremental growth in net asset value per share. However, starting from the fourth quarter of 2019, BVPS declined steadily to $13.38 by the end of 2020. Following this dip, BVPS began a gradual recovery from early 2021 onward, reaching $17.02 by the second quarter of 2022, suggesting strengthening underlying equity value.
- Price-to-Book Value Ratio (P/BV) Analysis
- The P/BV ratio was initially above 1.0 in early 2018, indicating the market price was trading at a premium to the book value per share. From mid-2018, the ratio trended downward, falling below parity in the first quarter of 2019 and continuing to decline to a nadir of 0.31 in the third quarter of 2020. This low ratio highlighted market undervaluation relative to book value during that period. Starting in the final quarter of 2020, the P/BV ratio rebounded sharply, exceeding 1.0 by the first quarter of 2021 and peaking at 1.72 in the first quarter of 2022. By the second quarter of 2022, the ratio moderated to 1.26, indicating a substantial recovery in market valuation relative to book value but with some recent moderation.
- Overall Observations
- The data reflects a significant period of market distress culminating in mid-2020, likely due to external economic or sector-specific factors, as evidenced by sharp declines in share price and P/BV ratio. Despite these challenges, the underlying book value showed resilience with comparatively modest fluctuations. The subsequent recovery phase starting in late 2020 demonstrates improved investor confidence and asset value appreciation. The divergence and subsequent convergence of market price and book value metrics provide insights into valuation cycles and market sentiment during the period analyzed.