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Marathon Petroleum Corp
XETRA:MPN

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Marathon Petroleum Corp
XETRA:MPN
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Price: 110.36 EUR 1.62% Market Closed
Market Cap: €46.8B

EV/EBITDA

8
Current
38%
More Expensive
vs 3-y average of 5.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8
=
Enterprise Value
€88.6B
/
EBITDA
$11.4B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8
=
Enterprise Value
€88.6B
/
EBITDA
$11.4B

Valuation Scenarios

Marathon Petroleum Corp is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (5.8), the stock would be worth €79.81 (28% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-28%
Maximum Upside
+80%
Average Upside
6%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8 €110.36
0%
3-Year Average 5.8 €79.81
-28%
5-Year Average 6.3 €87.41
-21%
Industry Average 7.5 €103.06
-7%
Country Average 14.4 €198.34
+80%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€88.6B
/
Jan 2026
$11.4B
=
8
Current
€88.6B
/
Dec 2026
$13.8B
=
6.4
Forward
€88.6B
/
Dec 2027
$13.1B
=
6.8
Forward
€88.6B
/
Dec 2028
$12.8B
=
6.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
Marathon Petroleum Corp
XETRA:MPN
65B EUR 8 16.1
JP
Fuji Oil Co Ltd
F:ACK
77.2T EUR -5 092 092.2 -1 805 607.9
IN
Reliance Industries Ltd
NSE:RELIANCE
18.3T INR 10.6 22.4
US
Valero Energy Corp
NYSE:VLO
69.8B USD 9.9 30
US
Phillips 66
NYSE:PSX
63.9B USD 10.8 14.7
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
148.6B PLN 3.9 13.4
PL
Orlen SA
PSE:PKN
844.9B CZK 3.8 13.1
FI
Neste Oyj
OMXH:NESTE
19.2B EUR 15.9 133
JP
ENEOS Holdings Inc
TSE:5020
3.5T JPY 11.4 19.2
IN
Indian Oil Corporation Ltd
NSE:IOC
2T INR 3.6 5.7
TW
Formosa Petrochemical Corp
TWSE:6505
504.9B TWD 17.8 51.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Marathon Petroleum Corp
XETRA:MPN
Average EV/EBITDA: 9.6
8
4%
2
JP
Fuji Oil Co Ltd
F:ACK
Negative Multiple: -5 092 092.2
72%
N/A
IN
Reliance Industries Ltd
NSE:RELIANCE
10.6
12%
0.9
US
Valero Energy Corp
NYSE:VLO
9.9
6%
1.6
US
Phillips 66
NYSE:PSX
10.8
10%
1.1
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
3.9
-1%
N/A
PL
O
Orlen SA
PSE:PKN
3.8
-1%
N/A
FI
Neste Oyj
OMXH:NESTE
15.9
27%
0.6
JP
ENEOS Holdings Inc
TSE:5020
11.4
11%
1
IN
Indian Oil Corporation Ltd
NSE:IOC
3.6
18%
0.2
TW
Formosa Petrochemical Corp
TWSE:6505
17.8
20%
0.9

Market Distribution

Lower than 89% of companies in the United States of America
Percentile
11th
Based on 9 875 companies
11th percentile
6
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

Marathon Petroleum Corp
Glance View

Marathon Petroleum Corp., a powerhouse in the integrated downstream energy sector, orchestrates a symphony of refining, marketing, and transportation that fuels the nation's economic engine. Emerging from a lineage of over a century in the oil business, the company has carved a niche for itself as a leading independent refiner in the United States. With a sprawling network of refineries strategically located across the nation, Marathon is adept at transforming crude oil into a plethora of refined products, including gasoline, diesel, and jet fuel. These products find their way to consumers through an extensive distribution system, which includes pipelines, terminals, and an extensive retail presence under the Speedway brand. Marathon Petroleum's ability to generate revenue relies on its vast infrastructure and market penetration. The refining and marketing segment serves as the cornerstone of its operations, maximizing efficiency and output through state-of-the-art facilities that ensure optimal yield. Meanwhile, the midstream segment, represented by MPLX LP—a logistics and infrastructure company formed by Marathon—plays a critical role by transporting, storing, and marketing petroleum products. Together, these segments create a robust framework that not only supports Marathon's financial performance but also positions it to capitalize on fluctuations in oil prices and regional demand dynamics. Thus, Marathon Petroleum navigates the complexities of the energy landscape, deftly balancing operational excellence with strategic investments to sustain its market leadership and drive shareholder value.

MPN Intrinsic Value
162.93 EUR
Undervaluation 32%
Intrinsic Value
Price €110.36
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