Marathon PetroleumMEX:MPC 65 Debt-to-EBITDA is 3.85 as of Mar. 2026, which is 50% above its 10-year median of 2.57. GuruFocus rates MEX:MPC with a GF Score™ of 65/100 and a GF Value™ of MXN3,840.91 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 704 Oil & Gas companies, Marathon Petroleum ranks worse than 61.51% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Marathon Petroleum's Debt-to-EBITDA or its related term are showing as below:
MEX:MPC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.72 Med: 2.57 Max: 4.04
Current: 2.77
During the past 13 years, the highest Debt-to-EBITDA Ratio of Marathon Petroleum was 4.04. The lowest was -3.72. And the median was 2.57.
MEX:MPC's Debt-to-EBITDA is ranked worse than 61.51% of 704
companies
in the Oil & Gas industry
Industry Median: 2.015
vs MEX:MPC: 2.77
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Marathon Petroleum Debt-to-EBITDA Related Terms
Marathon Petroleum Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Marathon Petroleum's Debt-to-EBITDA 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.
MEX:MPC vs VLO, PSX, SUN: Debt-to-EBITDA Comparison
For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Marathon Petroleum's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Marathon Petroleum's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Marathon Petroleum (MEX:MPC) has a Debt-to-EBITDA of 3.85 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Marathon Petroleum. This is 50% above median its historical median of 2.57. According to the industry distribution chart, Marathon Petroleum ranks #433 out of 704 companies in the Oil & Gas industry, placing it in the top 61.5%.
Is Marathon Petroleum's Debt-to-EBITDA too high?
Marathon Petroleum's current Debt-to-EBITDA of 3.85 is 50% above median its 10-year median of 2.57. The Oil & Gas industry median Debt-to-EBITDA is 2.02. Marathon Petroleum's value of 3.85 is 91.1% above this industry median. Based on the distribution chart, Marathon Petroleum ranks #433 out of 704 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 Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Petroleum's Debt-to-EBITDA compare to VLO and PSX?
According to the Oil & Gas industry distribution chart, Marathon Petroleum ranks #433 out of 704 companies for Debt-to-EBITDA. This places Marathon Petroleum in the lower half of its industry. The industry median Debt-to-EBITDA is 2.02. Marathon Petroleum's value of 3.85 is 91.1% above this benchmark. While the company's 10-year median is 2.57 vs. the industry median of 2.02, 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 Debt-to-EBITDA for an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.02, based on 704 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marathon Petroleum's current Debt-to-EBITDA of 3.85 is 91.1% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Marathon Petroleum. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marathon Petroleum's current Debt-to-EBITDA is 3.85, which is 50% above median its own 10-year median of 2.57. 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 (MEX:MPC) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN3,840.91, compared to a current price of MXN4,680.00 — trading 21.8% above its estimated fair value. The current Debt-to-EBITDA is 3.85, which is 50% above median its 10-year median of 2.57 and 91.1% above the Oil & Gas industry median of 2.02. 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 Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Marathon Petroleum (MEX:MPC), the current Debt-to-EBITDA is 3.85 as of Mar. 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 (MEX:MPC) Overvalued in 2026?
Based on GuruFocus' analysis, Marathon Petroleum stock appears to be overvalued.
The current stock price of MXN4,680.00 is trading 21.8% above its estimated GF Value™ of MXN3,840.91.
GuruFocus considers Marathon Petroleum to be Modestly Overvalued.
Key valuation signals for MEX:MPC:
Debt-to-EBITDA: 3.85 (50% above median its 10-year median of 2.57)
GF Value™: MXN3,840.91 vs. price of MXN4,680.00 (21.8% above fair value)
Industry Position: 91.1% above the Oil & Gas median (#433 of 704)
No single metric tells the full story. See the MEX:MPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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