Marathon Petroleum (LTS:0JYA) Cyclically Adjusted PS Ratio: 1.09 (As of Aug. 03, 2026) — 98% Above Median

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LTS:0JYA Marathon Petroleum Corp LTS:0JYA
65 GF Score
Price $314.50
GF Value $211.87
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Marathon Petroleum Cyclically Adjusted PS Ratio?

Marathon Petroleum LTS:0JYA -0.32% 65 Cyclically Adjusted PS Ratio is 1.09 as of Aug. 03, 2026, which is 98% above its 10-year median of 0.55. GuruFocus rates LTS:0JYA with a GF Score™ of 65/100 and a GF Value™ of $211.87 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 707 Oil & Gas companies, Marathon Petroleum ranks worse than 50.92% on this metric.

As of today (2026-08-03), Marathon Petroleum's current share price is $314.50. Marathon Petroleum's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $289.31. Marathon Petroleum's Cyclically Adjusted PS Ratio for today is 1.09.

The historical rank and industry rank for Marathon Petroleum's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0JYA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.55   Max: 1.09
Current: 1.09

During the past years, Marathon Petroleum's highest Cyclically Adjusted PS Ratio was 1.09. The lowest was 0.13. And the median was 0.55.

LTS:0JYA's Cyclically Adjusted PS Ratio is ranked worse than
50.92% of 707 companies
in the Oil & Gas industry
Industry Median: 1.06 vs LTS:0JYA: 1.09

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Marathon Petroleum's adjusted revenue per share data for the three months ended in Mar. 2026 was $115.932. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $289.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marathon Petroleum  (LTS:0JYA) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Marathon Petroleum Cyclically Adjusted PS Ratio Related Terms


Marathon Petroleum Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Marathon Petroleum's Cyclically Adjusted PS Ratio 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.

Marathon Petroleum Cyclically Adjusted PS Ratio Chart

Marathon Petroleum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.59 0.67 0.57 0.59

Marathon Petroleum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio 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 0.57 0.63 0.71 0.59 0.84

LTS:0JYA vs VLO, PSX, DINO: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Marathon Petroleum's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Marathon Petroleum's Cyclically Adjusted PS Ratio falls into.


LTS:0JYA
65GF Score
Marathon Petroleum Corp LTS:0JYA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marathon Petroleum Cyclically Adjusted PS Ratio Calculation

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

Marathon Petroleum's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=314.50/289.31
=1.09

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Marathon Petroleum's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=115.932/330.2130*330.2130
=115.932

Current CPI (Mar. 2026) = 330.2130.

Marathon Petroleum Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 31.659 241.018 43.375
201609 31.355 241.428 42.886
201612 32.491 241.432 44.439
201703 30.732 243.801 41.625
201706 35.164 244.955 47.403
201709 37.815 246.819 50.592
201712 42.621 246.524 57.090
201803 39.304 249.554 52.008
201806 48.097 251.989 63.028
201809 50.412 252.439 65.943
201812 31.041 251.233 40.799
201903 41.981 254.202 54.534
201906 50.344 256.143 64.902
201909 41.745 256.759 53.687
201912 42.957 256.974 55.200
202003 34.265 258.115 43.836
202006 18.762 257.797 24.032
202009 26.782 260.280 33.978
202012 27.692 260.474 35.106
202103 34.886 264.877 43.491
202106 45.283 271.696 55.036
202109 50.739 274.310 61.079
202112 58.407 278.802 69.177
202203 67.004 287.504 76.958
202206 100.364 296.311 111.847
202209 92.686 296.808 103.118
202212 85.071 296.797 94.649
202303 77.996 301.836 85.329
202306 86.737 305.109 93.874
202309 103.326 307.789 110.854
202312 96.423 306.746 103.800
202403 90.348 312.332 95.520
202406 108.326 314.175 113.856
202409 105.744 315.301 110.745
202412 103.553 315.605 108.346
202503 100.693 319.799 103.972
202506 110.094 322.561 112.706
202509 114.503 324.800 116.411
202512 108.580 324.054 110.644
202603 115.932 330.213 115.932

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 1.09 mean?
Marathon Petroleum (LTS:0JYA) has a Cyclically Adjusted PS Ratio of 1.09 as of Aug. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Marathon Petroleum and its competitors. This is 98% above median its historical median of 0.55. Over the past decade, Marathon Petroleum's Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.09. According to the industry distribution chart, Marathon Petroleum ranks #360 out of 707 companies in the Oil & Gas industry, placing it in the top 50.9%.
Is Marathon Petroleum's Cyclically Adjusted PS Ratio too high?
Marathon Petroleum's current Cyclically Adjusted PS Ratio of 1.09 is 98% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.09. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. Marathon Petroleum's value of 1.09 is 2.8% above this industry median. Based on the distribution chart, Marathon Petroleum ranks #360 out of 707 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Marathon Petroleum has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Petroleum's Cyclically Adjusted PS Ratio compare to VLO and PSX?
According to the Oil & Gas industry distribution chart, Marathon Petroleum ranks #360 out of 707 companies for Cyclically Adjusted PS Ratio. This places Marathon Petroleum in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. Marathon Petroleum's value of 1.09 is 2.8% above this benchmark. Historically, Marathon Petroleum's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.09 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.06, Marathon Petroleum has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marathon Petroleum's current Cyclically Adjusted PS Ratio of 1.09 is 2.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Marathon Petroleum and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marathon Petroleum's current Cyclically Adjusted PS Ratio is 1.09, which is 98% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marathon Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Marathon Petroleum (LTS:0JYA) is currently considered Significantly Overvalued. The stock's GF Value™ is $211.87, compared to a current price of $314.50 — trading 48.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.09, which is 98% above median its 10-year median of 0.55 and 2.8% above the Oil & Gas industry median of 1.06. Marathon Petroleum's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Marathon Petroleum (LTS:0JYA), the current Cyclically Adjusted PS Ratio is 1.09 as of Aug. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marathon Petroleum (LTS:0JYA) Overvalued in 2026?

Based on GuruFocus' analysis, Marathon Petroleum stock appears to be overvalued. The current stock price of $314.50 is trading 48.4% above its estimated GF Value™ of $211.87. GuruFocus considers Marathon Petroleum to be Significantly Overvalued.

Key valuation signals for LTS:0JYA:

  • Cyclically Adjusted PS Ratio: 1.09 (98% above median its 10-year median of 0.55)
  • GF Value™: $211.87 vs. price of $314.50 (48.4% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 2.8% above the Oil & Gas median (#360 of 707)

No single metric tells the full story. See the LTS:0JYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marathon Petroleum Business Description

Industry EnergyOil & Gas
Address 539 South Main Street, Findlay, OH, USA, 45840-3229
Marathon Petroleum is a leading integrated downstream and midstream energy company that operates 13 refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States with an aggregate crude oil refining capacity of 3.0 million barrels per day. The company is one of the largest producers of renewable diesel in the US; its Dickinson, North Dakota facility has the capacity to produce 184 million gallons per year, and its Martinez, California, joint venture facility (a 50/50 partnership with Neste) reached its full capacity of 730 million gallons per year in late 2024. Marathon also owns the general partner and approximately 64% of MPLX LP, a large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets.
65GF Score

Get the complete analysis for LTS:0JYA

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$314.50
Price
$211.87
GF Value