Marathon Petroleum forward PE MPC

Share price divided by analysts' consensus earnings for the next twelve months, since 2011.

Today, Oct 23, 2026: 6.0×
10-year median: 14.4×
Against its 10-year history: 27th; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.1× to 305×
Peer median: 6.7×

Marathon Petroleum's forward PE is 6.0× as of Oct 23, 2026.

That is below its ten-year median of 14.4×, lower than on 73% of days in the last ten years.

Over that time it ranged from 3.1× in Jul 2022 to 305× in Oct 2019.

The median for 3 oil refiners of a similar size is 6.7×.

Forward PE over time

median 14.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	6.0×	3.3×	6.7×
2025	3.8×	3.8×	26.0×
2024	23.1×	17.3×	51.3×
2023	16.8×	5.0×	17.2×
2022	4.9×	3.1×	5.3×
2021	3.6×	3.4×	62.7×
2020	n/m a value too high to mean anything
2019	305×	14.0×	305×
2018	13.4×	11.8×	17.7×
2017	14.4×	12.5×	20.2×
2016	20.2×	15.5×	21.6×
2015	21.5×	6.9×	24.3×
2014	7.9×	7.3×	13.5×
2013	13.2×	9.5×	17.1×
2012	9.3×	3.6×	9.6×
2011	6.1×	4.9×	8.0×

Against its peers

Companies in Oil & Gas Refining & Marketing nearest Marathon Petroleum's size, closest first, today.

Company	Forward PE
MPCMarathon Petroleum	6.0×
VLOValero Energy	6.7×
PSXPhillips 66	7.3×
DINOHF Sinclair	5.6×
Peer median	6.7×

Where Marathon Petroleum ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Marathon Petroleum

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.