Marathon Petroleum (MEX:MPC) EV-to-EBITDA: 9.73 (As of Jul. 16, 2026) — 16% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:MPC Marathon Petroleum Corp MEX:MPC
61 GF Score
Price MXN4,680.00
GF Value MXN3,286.54
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Marathon Petroleum EV-to-EBITDA?

Marathon Petroleum MEX:MPC 61 EV-to-EBITDA is 9.73 as of Jul. 16, 2026, which is 16% above its 10-year median of 8.39. GuruFocus rates MEX:MPC with a GF Score™ of 61/100 and a GF Value™ of MXN3,286.54 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 759 Oil & Gas companies, Marathon Petroleum ranks worse than 64.95% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Marathon Petroleum's enterprise value is MXN2,210,070 Mil. Marathon Petroleum's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was MXN227,077 Mil. Therefore, Marathon Petroleum's EV-to-EBITDA for today is 9.73.

The historical rank and industry rank for Marathon Petroleum's EV-to-EBITDA or its related term are showing as below:

MEX:MPC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -14.29   Med: 8.39   Max: 24.01
Current: 10.17

During the past 13 years, the highest EV-to-EBITDA of Marathon Petroleum was 24.01. The lowest was -14.29. And the median was 8.39.

MEX:MPC's EV-to-EBITDA is ranked worse than
64.95% of 759 companies
in the Oil & Gas industry
Industry Median: 7.56 vs MEX:MPC: 10.17

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-07-16), Marathon Petroleum's stock price is MXN4680.00. Marathon Petroleum's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN281.924. Therefore, Marathon Petroleum's PE Ratio (TTM) for today is 16.60.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Marathon Petroleum  (MEX:MPC) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Marathon Petroleum's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4680.00/281.924
=16.60

Marathon Petroleum's share price for today is MXN4680.00.
Marathon Petroleum's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN281.924.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Marathon Petroleum EV-to-EBITDA Related Terms


Marathon Petroleum EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Marathon Petroleum's EV-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.

Marathon Petroleum EV-to-EBITDA Chart

Marathon Petroleum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.12 3.07 4.30 7.21 7.31

Marathon Petroleum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 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 8.56 9.64 9.50 7.31 8.90

MEX:MPC vs VLO, PSX, SUN: EV-to-EBITDA Comparison

For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's EV-to-EBITDA, along with its competitors' market caps and EV-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 EV-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Marathon Petroleum's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Marathon Petroleum's EV-to-EBITDA falls into.


MEX:MPC
61GF Score
Marathon Petroleum Corp MEX:MPC
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marathon Petroleum EV-to-EBITDA Calculation

Marathon Petroleum's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=2210070.140/227077.137
=9.73

Marathon Petroleum's current Enterprise Value is MXN2,210,070 Mil.
Marathon Petroleum's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN227,077 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 9.73 mean?
Marathon Petroleum (MEX:MPC) has a EV-to-EBITDA of 9.73 as of Jul. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Marathon Petroleum. This is 16% above median its historical median of 8.39. According to the industry distribution chart, Marathon Petroleum ranks #493 out of 759 companies in the Oil & Gas industry, placing it in the top 65%.
Is Marathon Petroleum's EV-to-EBITDA too high?
Marathon Petroleum's current EV-to-EBITDA of 9.73 is 16% above median its 10-year median of 8.39. The Oil & Gas industry median EV-to-EBITDA is 7.56. Marathon Petroleum's value of 9.73 is 28.7% above this industry median. Based on the distribution chart, Marathon Petroleum ranks #493 out of 759 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Marathon Petroleum has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Petroleum's EV-to-EBITDA compare to VLO and PSX?
According to the Oil & Gas industry distribution chart, Marathon Petroleum ranks #493 out of 759 companies for EV-to-EBITDA. This places Marathon Petroleum in the lower half of its industry. The industry median EV-to-EBITDA is 7.56. Marathon Petroleum's value of 9.73 is 28.7% above this benchmark. While the company's 10-year median is 8.39 vs. the industry median of 7.56, 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 EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.56, based on 759 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marathon Petroleum's current EV-to-EBITDA of 9.73 is 28.7% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Marathon Petroleum. For the Oil & Gas industry, the median EV-to-EBITDA is 7.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marathon Petroleum's current EV-to-EBITDA is 9.73, which is 16% above median its own 10-year median of 8.39. 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 Significantly Overvalued. The stock's GF Value™ is MXN3,286.54, compared to a current price of MXN4,680.00 — trading 42.4% above its estimated fair value. The current EV-to-EBITDA is 9.73, which is 16% above median its 10-year median of 8.39 and 28.7% above the Oil & Gas industry median of 7.56. Marathon Petroleum's overall GF Score™ is 61/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Marathon Petroleum (MEX:MPC), the current EV-to-EBITDA is 9.73 as of Jul. 16, 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 42.4% above its estimated GF Value™ of MXN3,286.54. GuruFocus considers Marathon Petroleum to be Significantly Overvalued.

Key valuation signals for MEX:MPC:

  • EV-to-EBITDA: 9.73 (16% above median its 10-year median of 8.39)
  • GF Value™: MXN3,286.54 vs. price of MXN4,680.00 (42.4% above fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 28.7% above the Oil & Gas median (#493 of 759)

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 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.
61GF Score

Get the complete analysis for MEX:MPC

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

MXN4,680.00
Price
MXN3,286.54
GF Value