MARPS (Marine Petroleum Trust) E10: $0.44 (As of Mar. 2026)


MARPS Marine Petroleum Trust MARPS
79 GF Score
Price $4.38
GF Value $3.71
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Marine Petroleum Trust E10?

Marine Petroleum Trust MARPS -3.74% 79 E10 is $0.44 as of Mar. 2026. GuruFocus rates MARPS with a GF Score™ of 79/100 and a GF Value™ of $3.71 (Modestly Overvalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Marine Petroleum Trust's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.44 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Marine Petroleum Trust's average E10 Growth Rate was -2.20% per year. During the past 3 years, the average E10 Growth Rate was -15.90% per year. During the past 5 years, the average E10 Growth Rate was -14.80% per year. During the past 10 years, the average E10 Growth Rate was -14.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Marine Petroleum Trust was 10.40% per year. The lowest was -15.90% per year. And the median was -5.70% per year.

As of today (2026-06-24), Marine Petroleum Trust's current stock price is $4.38. Marine Petroleum Trust's E10 for the quarter that ended in Mar. 2026 was $0.44. Marine Petroleum Trust's Shiller PE Ratio of today is 9.95.

During the past 13 years, the highest Shiller PE Ratio of Marine Petroleum Trust was 16.99. The lowest was 1.09. And the median was 5.36.


Marine Petroleum Trust  (NAS:MARPS) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Marine Petroleum Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.38/0.44
=9.95

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Marine Petroleum Trust was 16.99. The lowest was 1.09. And the median was 5.36.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Marine Petroleum Trust E10 Related Terms


Marine Petroleum Trust E10 Historical Data

* Premium members only.

The historical data trend for Marine Petroleum Trust's E10 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.

Marine Petroleum Trust E10 Chart

Marine Petroleum Trust Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.74 0.65 0.52 0.44

Marine Petroleum Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 0.45 0.44 0.43 0.43 0.44

MARPS vs BANL, RBNE, TOPS: E10 Comparison

For the Oil & Gas Midstream subindustry, Marine Petroleum Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Marine Petroleum Trust Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Marine Petroleum Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Marine Petroleum Trust's Shiller PE Ratio falls into.


MARPS
79GF Score
Marine Petroleum Trust MARPS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marine Petroleum Trust E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Marine Petroleum Trust's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.07/330.2130*330.2130
=0.070

Current CPI (Mar. 2026) = 330.2130.

Marine Petroleum Trust Quarterly Data

per share eps CPI Adj_EPS
201606 0.070 241.018 0.096
201609 0.090 241.428 0.123
201612 0.070 241.432 0.096
201703 0.070 243.801 0.095
201706 0.150 244.955 0.202
201709 0.090 246.819 0.120
201712 0.050 246.524 0.067
201803 0.090 249.554 0.119
201806 0.098 251.989 0.128
201809 0.110 252.439 0.144
201812 0.070 251.233 0.092
201903 0.050 254.202 0.065
201906 0.080 256.143 0.103
201909 0.070 256.759 0.090
201912 0.050 256.974 0.064
202003 0.080 258.115 0.102
202006 0.090 257.797 0.115
202009 0.020 260.280 0.025
202012 0.002 260.474 0.003
202103 0.010 264.877 0.012
202106 0.056 271.696 0.068
202109 0.100 274.310 0.120
202112 0.090 278.802 0.107
202203 0.190 287.504 0.218
202206 0.210 296.311 0.234
202209 0.260 296.808 0.289
202212 0.190 296.797 0.211
202303 0.110 301.836 0.120
202306 0.129 305.109 0.140
202309 0.110 307.789 0.118
202312 0.100 306.746 0.108
202403 0.060 312.332 0.063
202406 0.085 314.175 0.089
202409 0.120 315.301 0.126
202412 0.040 315.605 0.042
202503 0.120 319.799 0.124
202506 0.080 322.561 0.082
202509 0.070 324.800 0.071
202512 0.100 324.054 0.102
202603 0.070 330.213 0.070

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $0.44 mean?
Marine Petroleum Trust (MARPS) has a E10 of $0.44 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Marine Petroleum Trust and its competitors.
Is Marine Petroleum Trust's E10 too high?
Marine Petroleum Trust's current E10 is $0.44. Overall, Marine Petroleum Trust has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marine Petroleum Trust's E10 compare to BANL and RBNE?
Marine Petroleum Trust's E10 of $0.44 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Marine Petroleum Trust and its competitors. Marine Petroleum Trust's current E10 is $0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marine Petroleum Trust stock overvalued right now?
Based on GuruFocus' analysis, Marine Petroleum Trust (MARPS) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.71, compared to a current price of $4.38 — trading 18.1% above its estimated fair value. The current E10 is $0.44. Marine Petroleum Trust's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Marine Petroleum Trust (MARPS), the current E10 is $0.44 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 Marine Petroleum Trust (MARPS) Overvalued in 2026?

Based on GuruFocus' analysis, Marine Petroleum Trust stock appears to be overvalued. The current stock price of $4.38 is trading 18.1% above its estimated GF Value™ of $3.71. GuruFocus considers Marine Petroleum Trust to be Modestly Overvalued.

Key valuation signals for MARPS:

  • E10: $0.44
  • GF Value™: $3.71 vs. price of $4.38 (18.1% above fair value)
  • GF Score™: 79/100 with 2 warning signs

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


Marine Petroleum Trust Business Description

Industry EnergyOil & Gas
Address c/o Corporate Trustee, Argent Trust Company, 3838 Oak Lawn Avenue, Suite 1720, Dallas, TX, USA, 75219
Marine Petroleum Trust is a U.S based royalty trust. It provides administration and liquidation of rights to payments from oil and natural gas leases in the Gulf of Mexico. The Trust's subsidiary holds title to interests in properties which are situated offshore of Louisiana. The revenues of the trust are derived from the oil and natural gas production activities of third parties.
79GF Score

Get the complete analysis for MARPS

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.38
Price
$3.71
GF Value