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Marathon PetroleumWBO:MPC +0.15%55 EV-to-OCF is 14.06 as of Aug. 02, 2026, which is 41% above its 10-year median of 10.00. GuruFocus rates WBO:MPC with a GF Score™ of 55/100 and a GF Value™ of €182.71 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,017 Oil & Gas companies, Marathon Petroleum ranks worse than 80.14% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Marathon Petroleum's Enterprise Value is €113,897 Mil.
Marathon Petroleum's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €8,101 Mil. Therefore, Marathon Petroleum's EV-to-OCF for today is 14.06.
The historical rank and industry rank for Marathon Petroleum's EV-to-OCF or its related term are showing as below:
WBO:MPC'
s EV-to-OCF Range Over the Past 10 Years
Min: 4 Med: 10 Max: 32.88
Current: 13.91
During the past 13 years, the highest EV-to-OCF of Marathon Petroleum was 32.88. The lowest was 4.00. And the median was 10.00.
WBO:MPC's EV-to-OCF is ranked worse than 80.14% of 1017
companies
in the Oil & Gas industry
Industry Median: 5.91
vs WBO:MPC: 13.91
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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:
Marathon Petroleum's share price for today is €271.60.
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 €13.144.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Marathon Petroleum EV-to-OCF Related Terms
Marathon Petroleum EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Marathon Petroleum's EV-to-OCF 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.
For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Marathon Petroleum's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Marathon Petroleum's EV-to-OCF falls into.
Marathon Petroleum's current Enterprise Value is €113,897 Mil.
Marathon Petroleum's Cash Flow from Operations 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 €8,101 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.
Marathon Petroleum (WBO:MPC) has a EV-to-OCF of 14.06 as of Aug. 02, 2026. This is 41% above median its historical median of 10.00. Over the past decade, Marathon Petroleum's EV-to-OCF has ranged from 4.00 to 32.88. According to the industry distribution chart, Marathon Petroleum ranks #815 out of 1017 companies in the Oil & Gas industry, placing it in the top 80.1%.
Is Marathon Petroleum's EV-to-OCF too high?
Marathon Petroleum's current EV-to-OCF of 14.06 is 41% above median its 10-year median of 10.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 32.88. The Oil & Gas industry median EV-to-OCF is 5.91. Marathon Petroleum's value of 14.06 is 137.9% above this industry median. Based on the distribution chart, Marathon Petroleum ranks #815 out of 1017 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Marathon Petroleum has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Petroleum's EV-to-OCF compare to VLO and PSX?
According to the Oil & Gas industry distribution chart, Marathon Petroleum ranks #815 out of 1017 companies for EV-to-OCF. This places Marathon Petroleum in the lower half of its industry. The industry median EV-to-OCF is 5.91. Marathon Petroleum's value of 14.06 is 137.9% above this benchmark. Historically, Marathon Petroleum's own EV-to-OCF has ranged from 4.00 to 32.88 over the past decade. While the company's 10-year median is 10.00 vs. the industry median of 5.91, 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-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.91, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marathon Petroleum's current EV-to-OCF of 14.06 is 137.9% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marathon Petroleum's current EV-to-OCF is 14.06, which is 41% above median its own 10-year median of 10.00. 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 (WBO:MPC) is currently considered Significantly Overvalued. The stock's GF Value™ is €182.71, compared to a current price of €271.60 — trading 48.7% above its estimated fair value. The current EV-to-OCF is 14.06, which is 41% above median its 10-year median of 10.00 and 137.9% above the Oil & Gas industry median of 5.91. Marathon Petroleum's overall GF Score™ is 55/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Marathon Petroleum (WBO:MPC), the current EV-to-OCF is 14.06 as of Aug. 02, 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 (WBO:MPC) Overvalued in 2026?
Based on GuruFocus' analysis, Marathon Petroleum stock appears to be overvalued.
The current stock price of €271.60 is trading 48.7% above its estimated GF Value™ of €182.71.
GuruFocus considers Marathon Petroleum to be Significantly Overvalued.
Key valuation signals for WBO:MPC:
EV-to-OCF: 14.06 (41% above median its 10-year median of 10.00)
GF Value™: €182.71 vs. price of €271.60 (48.7% above fair value)
Industry Position: 137.9% above the Oil & Gas median (#815 of 1017)
No single metric tells the full story. See the WBO: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.
55GF Score
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