Marathon PetroleumMIL:1MPC 50 ROE % is 12.08% as of Mar. 2026, which is 39% below its 10-year median of 19.72. GuruFocus rates MIL:1MPC with a GF Score™ of 50/100 and a GF Value™ of €179.29 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 957 Oil & Gas companies, Marathon Petroleum ranks better than 89.66% on this metric.
The historical rank and industry rank for Marathon Petroleum's ROE % or its related term are showing as below:
MIL:1MPC'
s ROE % Range Over the Past 10 Years
Min: -35.16 Med: 19.72 Max: 53.84
Current: 27.51
During the past 13 years, Marathon Petroleum's highest ROE % was 53.84%. The lowest was -35.16%. And the median was 19.72%.
MIL:1MPC's ROE % is ranked better than 89.66% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs MIL:1MPC: 27.51
Marathon Petroleum (MIL:1MPC) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Marathon Petroleum ROE % Related Terms
Marathon Petroleum ROE % Historical Data
* Premium members only.
The historical data trend for Marathon Petroleum's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Marathon Petroleum's ROE % distribution charts can be found below:
* The bar in red indicates where Marathon Petroleum's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Marathon Petroleum (MIL:1MPC) has a ROE % of 12.08% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Marathon Petroleum and its competitors. This is 39% below median its historical median of 19.72. According to the industry distribution chart, Marathon Petroleum ranks #99 out of 957 companies in the Oil & Gas industry, placing it in the top 10.3%.
Is Marathon Petroleum's ROE % too high?
Marathon Petroleum's current ROE % of 12.08% is 39% below median its 10-year median of 19.72. The Oil & Gas industry median ROE % is 5.71. Marathon Petroleum's value of 12.08% is 111.6% above this industry median. Based on the distribution chart, Marathon Petroleum ranks #99 out of 957 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Marathon Petroleum has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Petroleum's ROE % compare to VLO and PSX?
According to the Oil & Gas industry distribution chart, Marathon Petroleum ranks #99 out of 957 companies for ROE %. This places Marathon Petroleum in the top 10% of its industry — outperforming the majority of peers. The industry median ROE % is 5.71. Marathon Petroleum's value of 12.08% is 111.6% above this benchmark. While the company's 10-year median is 19.72 vs. the industry median of 5.71, 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marathon Petroleum's current ROE % of 12.08% is 111.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Marathon Petroleum and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marathon Petroleum's current ROE % is 12.08%, which is 39% below median its own 10-year median of 19.72. 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 (MIL:1MPC) is currently considered Modestly Overvalued. The stock's GF Value™ is €179.29, compared to a current price of €214.10 — trading 19.4% above its estimated fair value. The current ROE % is 12.08%, which is 39% below median its 10-year median of 19.72 and 111.6% above the Oil & Gas industry median of 5.71. Marathon Petroleum's overall GF Score™ is 50/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Marathon Petroleum (MIL:1MPC), the current ROE % is 12.08% 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 (MIL:1MPC) Overvalued in 2026?
Based on GuruFocus' analysis, Marathon Petroleum stock appears to be overvalued.
The current stock price of €214.10 is trading 19.4% above its estimated GF Value™ of €179.29.
GuruFocus considers Marathon Petroleum to be Modestly Overvalued.
Key valuation signals for MIL:1MPC:
ROE %: 12.08% (39% below median its 10-year median of 19.72)
GF Value™: €179.29 vs. price of €214.10 (19.4% above fair value)
Industry Position: 111.6% above the Oil & Gas median (#99 of 957)
No single metric tells the full story. See the MIL:1MPC 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.
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