GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (NYSE:MPC) » Definitions » Cyclically Adjusted Price-to-FCF

Marathon Petroleum (Marathon Petroleum) Cyclically Adjusted Price-to-FCF : 20.31 (As of Apr. 27, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Marathon Petroleum Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Marathon Petroleum's current share price is $198.39. Marathon Petroleum's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $9.77. Marathon Petroleum's Cyclically Adjusted Price-to-FCF for today is 20.31.

The historical rank and industry rank for Marathon Petroleum's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MPC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.35   Med: 14.71   Max: 22.43
Current: 20.42

During the past years, Marathon Petroleum's highest Cyclically Adjusted Price-to-FCF was 22.43. The lowest was 4.35. And the median was 14.71.

MPC's Cyclically Adjusted Price-to-FCF is ranked worse than
62.24% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs MPC: 20.42

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Marathon Petroleum's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.572. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $9.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marathon Petroleum Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Marathon Petroleum's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marathon Petroleum Cyclically Adjusted Price-to-FCF Chart

Marathon Petroleum Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.80 9.85 13.90 16.56 15.19

Marathon Petroleum Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.56 17.77 13.50 15.38 15.19

Competitive Comparison of Marathon Petroleum's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marathon Petroleum's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Marathon Petroleum's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Marathon Petroleum's Cyclically Adjusted Price-to-FCF falls into.



Marathon Petroleum Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Marathon Petroleum's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=198.39/9.77
=20.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marathon Petroleum's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Marathon Petroleum's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.572/129.4194*129.4194
=1.572

Current CPI (Dec. 2023) = 129.4194.

Marathon Petroleum Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.846 99.695 1.098
201406 0.997 100.560 1.283
201409 1.221 100.428 1.573
201412 -0.250 99.070 -0.327
201503 1.459 99.621 1.895
201506 1.138 100.684 1.463
201509 1.033 100.392 1.332
201512 0.185 99.792 0.240
201603 -0.782 100.470 -1.007
201606 2.977 101.688 3.789
201609 -0.587 101.861 -0.746
201612 0.511 101.863 0.649
201703 0.940 102.862 1.183
201706 0.383 103.349 0.480
201709 2.447 104.136 3.041
201712 3.929 104.011 4.889
201803 -1.858 105.290 -2.284
201806 3.610 106.317 4.394
201809 0.730 106.507 0.887
201812 2.639 105.998 3.222
201903 0.568 107.251 0.685
201906 2.168 108.070 2.596
201909 2.644 108.329 3.159
201912 1.626 108.420 1.941
202003 -2.653 108.902 -3.153
202006 -0.318 108.767 -0.378
202009 1.057 109.815 1.246
202012 1.342 109.897 1.580
202103 0.230 111.754 0.266
202106 1.648 114.631 1.861
202109 -2.394 115.734 -2.677
202112 5.278 117.630 5.807
202203 3.553 121.301 3.791
202206 12.041 125.017 12.465
202209 3.670 125.227 3.793
202212 7.812 125.222 8.074
202303 8.054 127.348 8.185
202306 8.360 128.729 8.405
202309 11.447 129.860 11.408
202312 1.572 129.419 1.572

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Marathon Petroleum  (NYSE:MPC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Marathon Petroleum Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Marathon Petroleum's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Marathon Petroleum (Marathon Petroleum) Business Description

Industry
Address
539 South Main Street, Findlay, OH, USA, 45840-3229
Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.
Executives
Carl Kristopher Hagedorn officer: Senior VP and Controller C/O CONE MIDSTREAM PARTNERS LP, 1000 CONSOL ENERGY DRIVE, CANONSBURG PA 15317
Rucker Kim K.w. director KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Shawn M Lyon officer: SVP Log & Storage, MPLX GP LLC C/O MPLX, 200 E HARDIN STREET, FINDLAY OH 45840
Gregory Scott Floerke officer: Ex VP & COO, MPLX GP LLC C/O MARKWEST ENERGY PARTNERS, L.P., 1515 ARAPAHOE STREET, TOWER 1, SUITE 160, DENVER CO 80202
Timothy J Aydt officer: Ex VP and CCO, MPLX GP LLC C/O MPLX LP, 200 E. HARDIN STREET, FINDLAY OH 45840
Toni Townes-whitley director 8340 SPRINGHAVEN GARDEN LANE, MCLEAN, VA X1 22102
Michael J Hennigan officer: President & CEO, MPLX GP LLC 3807 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
Suzanne Gagle officer: VP and General Counsel C/O MPC, FINDLAY OH 45840
Thomas Kaczynski officer: VP, Finance and Treasurer C/O MARATHON PETROLEUM CORPORATION, FINDLAY OH 45840
Raymond L Brooks officer: Sr. VP, Refining C/O MPC, FINDLAY OH 45840
Charles E Bunch director PPG INDUSTRIES INC., ONE PPG PLACE, PITTSBURGH PA 15272
Brian C Davis officer: Exec VP, Chief Commercial Ofc C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Maryann T. Mannen officer: Exec VP & Chief Fin Ofc C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Jonathan Z Cohen director 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
James E Rohr director 249 FIFTH AVE, P1-POPP-30-1, PITTSBURGH PA 15222

Marathon Petroleum (Marathon Petroleum) Headlines

From GuruFocus

Q1 2022 Marathon Petroleum Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2023 Marathon Petroleum Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2019 Marathon Petroleum Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2019 Marathon Petroleum Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2021 Marathon Petroleum Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2020 Marathon Petroleum Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2020 Marathon Petroleum Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2022 Marathon Petroleum Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024