Marathon Petroleum CorporationMPC

Where MPC's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

$395.93+3.51 (+0.89%)Previous close
NYSEEnergy

MPC P/B: current value, 10-year range and year-by-year history

4.5Near historic high

MPC's p/b is higher than 95% of the last 10 years.

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
MPC P/B historyMPC P/B from Sep 2023 to Sep 2026: low 1.61, high 4.52, latest 4.48.1.382.223.063.914.75Sep 23Apr 24Nov 24Jul 25Feb 26Sep 26med 2.16

MPC P/B by year

Yearly range of MPC’s p/b from 2016 to 2026. Over the full period it ranged from 0.3 to 4.5, averaging 1.6.

MPC P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20262.13.14.54.5
20251.62.22.62.0
20241.72.12.71.8
20231.41.72.01.8
20221.21.62.11.7
20210.91.11.41.2
20200.30.70.90.9
20190.70.91.10.9
20180.91.72.00.9
20171.21.41.61.6
20161.01.11.31.3

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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.

Key caveats
  • Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
  • Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.

Is MPC P/B High or Low Right Now?

Marathon Petroleum Corporation's P/B is currently 4.5, which is near historic high relative to its 10-year historical range. The 10-year median P/B for MPC is approximately 1.5. See all MPC valuation metrics →

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