Price to Earnings (P/E)
since 2011
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Marathon Petroleum Corp. pages available for free this week:
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2011
- Analysis of Debt
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Calculation
Marathon Petroleum Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to MPC1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 28, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2012 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Marathon Petroleum Corp. Annual Report.
- Share Price
- The share price exhibited a general upward trend over the analyzed period, starting at $20.78 in February 2012 and increasing substantially to $167.16 by February 2024. Notably, the share price experienced significant growth phases, such as between 2012 and 2013, and a strong acceleration from 2021 onward, culminating in the highest recorded price in 2024. However, some fluctuations and decreases are observable, for example, a decline from the peak of $52.50 in 2015 to $34.22 in 2016, and a moderate drop during 2019-2020 from $62.01 to $47.42, likely reflecting volatile market or company-specific conditions in those years.
- Earnings Per Share (EPS)
- EPS showed considerable variability during the period. It initially increased from $3.44 in 2012 to a peak of $7.21 in 2018 after several fluctuations. A sharp and unusual drop into negative territory occurred in 2021, with an EPS of -$15.09, indicating a significant loss that year. This was followed by a strong recovery in 2022 and 2023, where EPS rose dramatically to $17.23 and then to $32.58, before a slight decrease to $26.79 in 2024. The variability in EPS suggests periods of both profitability and financial stress, with noteworthy volatility in recent years.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio presented a wide range of values, fluctuating alongside the movements in share price and EPS. Initially low at 6.05 in 2012, it increased to a peak of 22.49 in 2017, indicating the market was willing to pay a higher price per unit of earnings at that time. Subsequently, the ratio declined to very low levels in 2021 through 2023 (with some missing data for 2021), reaching as low as 3.85 in 2023, before slightly increasing again to 6.24 in 2024. The low P/E values during the recovery phase could reflect the rapid growth in earnings relative to share price or market uncertainty. The missing P/E in 2021 corresponds with the negative EPS, where the ratio is not defined, reinforcing the impact of that year's financial performance anomaly.
Comparison to Competitors
Marathon Petroleum Corp., P/E, long-term trends, comparison to competitors
| Marathon Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Feb 28, 2024 | |||||
| Feb 23, 2023 | |||||
| Feb 24, 2022 | |||||
| Feb 26, 2021 | |||||
| Feb 28, 2020 | |||||
| Feb 28, 2019 | |||||
| Feb 28, 2018 | |||||
| Feb 24, 2017 | |||||
| Feb 26, 2016 | |||||
| Feb 27, 2015 | |||||
| Feb 28, 2014 | |||||
| Feb 28, 2013 | |||||
| Feb 29, 2012 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Marathon Petroleum Corp., P/E, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Marathon Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 28, 2024 | ||
| Feb 23, 2023 | ||
| Feb 24, 2022 | ||
| Feb 26, 2021 | ||
| Feb 28, 2020 | ||
| Feb 28, 2019 | ||
| Feb 28, 2018 | ||
| Feb 24, 2017 | ||
| Feb 26, 2016 | ||
| Feb 27, 2015 | ||
| Feb 28, 2014 | ||
| Feb 28, 2013 | ||
| Feb 29, 2012 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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).
Comparison to Industry (Energy)
Marathon Petroleum Corp., P/E, long-term trends, comparison to industry (energy)
| Marathon Petroleum Corp. | Energy | |
|---|---|---|
| Feb 28, 2024 | ||
| Feb 23, 2023 | ||
| Feb 24, 2022 | ||
| Feb 26, 2021 | ||
| Feb 28, 2020 | ||
| Feb 28, 2019 | ||
| Feb 28, 2018 | ||
| Feb 24, 2017 | ||
| Feb 26, 2016 | ||
| Feb 27, 2015 | ||
| Feb 28, 2014 | ||
| Feb 28, 2013 | ||
| Feb 29, 2012 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 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).