Marathon Petroleum (FRA:MPN) ROCE %: 8.93% (As of Mar. 2026)

What is Marathon Petroleum ROCE %?

Marathon Petroleum FRA:MPN -1.20% 66 ROCE % is 8.93% as of Mar. 2026. GuruFocus rates FRA:MPN with a GF Score™ of 66/100 and a GF Value™ of €174.61 (Modestly Overvalued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Marathon Petroleum's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.93%.

Marathon Petroleum (FRA:MPN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Marathon Petroleum ROCE % Related Terms

Marathon Petroleum ROCE % Historical Data

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The historical data trend for Marathon Petroleum's ROCE % 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 ROCE % Chart

Marathon Petroleum Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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6.19

32.55

22.14

11.98

13.05

Marathon Petroleum Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															4.83	14.55	17.59	17.11	8.93

66GF Score

Marathon Petroleum Corp FRA:MPN

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Marathon Petroleum ROCE % Calculation

Marathon Petroleum's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	7196.658	/	( ( (75309.39 - 19889.785)	+	(71697.57 - 16805.012) )	/ 2 )
	=	7196.658	/	( (55419.605	+	54892.558)	/ 2 )
	=	7196.658	/	55156.0815
	=	13.05 %

Marathon Petroleum's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	4913.2	/	( ( (71697.57 - 16805.012)	+	(76281.755 - 21115.515) )	/ 2 )
	=	4913.2	/	( ( 54892.558	+	55166.24 )	/ 2 )
	=	4913.2	/	55029.399
	=	8.93 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 8.93% mean?

Marathon Petroleum (FRA:MPN) has a ROCE % of 8.93% as of Mar. 2026.

Is Marathon Petroleum's ROCE % too high?

Marathon Petroleum's current ROCE % is 8.93%. The Oil & Gas industry median ROCE % is 6.79. Marathon Petroleum's value of 8.93% is 31.5% above this industry median. Overall, Marathon Petroleum has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Marathon Petroleum's ROCE % compare to VLO and PSX?

Marathon Petroleum's ROCE % of 8.93% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Marathon Petroleum's value of 8.93% is 31.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marathon Petroleum's current ROCE % of 8.93% is 31.5% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marathon Petroleum's current ROCE % is 8.93%. 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 (FRA:MPN) is currently considered Modestly Overvalued. The stock's GF Value™ is €174.61, compared to a current price of €214.30 — trading 22.7% above its estimated fair value. The current ROCE % is 8.93% and 31.5% above the Oil & Gas industry median of 6.79. Marathon Petroleum's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Marathon Petroleum (FRA:MPN), the current ROCE % is 8.93% 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 (FRA:MPN) Overvalued in 2026?

Based on GuruFocus' analysis, Marathon Petroleum stock appears to be overvalued. The current stock price of €214.30 is trading 22.7% above its estimated GF Value™ of €174.61. GuruFocus considers Marathon Petroleum to be Modestly Overvalued.

Key valuation signals for FRA:MPN:

ROCE %: 8.93%
GF Value™: €174.61 vs. price of €214.30 (22.7% above fair value)
GF Score™: 66/100 with 6 warning signs
Industry Position: 31.5% above the Oil & Gas median

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

Marathon Petroleum Business Description

Industry Energy Oil & Gas

Comparable Companies VLO PSX DINO SUN IEP PBF CVI PARR DK DKL NSE:RELIANCE XKAZ:KMGZ OHEL:NESTE TSE:5020 NSE:IOC TPE:6505 XKRX:096770 BOM:500547 XKRX:267250 TSE:5019

Other Exchanges MPC:USA MPC:Mexico 1MPC:Italy 0JYA:UK MPN:Germany M1PC34:Brazil

Address 539 South Main Street, Findlay, OH, USA, 45840-3229

Website https://www.marathonpetroleum.com

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.

66GF Score

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

€214.30

Price

€174.61

GF Value

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