EN DE
STOCK COMPARISON

ConocoPhillips vs Marathon Petroleum: Fair Value & Quality

Both stocks run through our valuation models. Here is how ConocoPhillips (COP) and Marathon Petroleum (MPC) compare, as of Oct 25, 2026.

As of Oct 25, 2026, Fair Value Calculator sees ConocoPhillips as the less overvalued of the two: ConocoPhillips trades at $151 versus a fair value of $91.42 (−39.4%), while Marathon Petroleum trades at $457 versus $105 (−76.9%).
ConocoPhillips
COP · USD · Energy
−39.4%
upside to fair value
overvalued
Price$151
Fair Value$91.42
Quality66/100
Marathon Petroleum
MPC · USD · Energy
−76.9%
upside to fair value
overvalued
Price$457
Fair Value$105
Quality61/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ConocoPhillipsMarathon Petroleum
Valuation
19.7×P/E (TTM)15.8×
24.5×P/E ex one-offs (FY2025)42.7×
15.6×Forward P/E (FY2027)8.1×
12.2×Median P/E at FY-end (ex one-offs where documented)9.0×
2.84×P/S (TTM)1.25×
2.84×P/B7.68×
7.4×EV/EBITDA15.1×
1.08×PEG0.90×
−39.4%Fair value upside−76.9%
2.2%Dividend yield0.9%
$3.30Dividend per share$4.00
Profitability
31.5%Operating margin13.6%
14.2%Return on equity42.1%
6.6%Return on assets6.9%
Growth
35.5%Revenue growth (YoY)53.7%
-9.3%Avg. growth/yr (3Y)-9.2%
25.6%Avg. growth/yr (5Y)13.7%
+3.4%Value creation/yr+39.9%
Balance & size
9.3×Interest coverage (EBIT/interest)4.1×
0.34×Debt / equity1.76×
$183BMarket cap$133B
weakGrowth qualityweak
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
ConocoPhillips, median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings, 4 of the years ex one-offs: 12.2. Marathon Petroleum, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), earnings ex one-offs: 9.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

ConocoPhillips leads: 9 to 5 metric wins.

Group holding company: MPC (69 %) consolidates subsidiaries in full but owns only the stated share. Revenue, EBITDA and margin ratios are therefore restated for its own shareholders; earnings per share, P/E and return on equity already were.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

ConocoPhillips Marathon Petroleum
ProfitabilityHow much profit the company makes from its sales and capital
42
53
Quality GrowthAre margins and returns getting better?
31
35
CashflowDo the profits arrive as real cash?
96
50
Financial strengthDebt, balance sheet and risk of trouble
70
33
InvestmentDoes it invest with discipline instead of growing at any price?
62
99
Low VolatilityHow calm the share price moves, does not count
82
76
MomentumPrice trend of the last 3 to 12 months, does not count
86
100
Near the 52-week highDistance to the 52-week high, does not count
100
96
New sharesBuys back shares or issues new ones?
91
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyConocoPhillipsPrice $151Marathon PetroleumPrice $457
DCF Models−1.0%close to the price$149−69.8%below the price$138
Earnings-Based−69.1%below the price$46.55−84.6%below the price$70.38
Dividend Discount−56.7%below the price$65.34−90.5%below the price$43.32
Multiples−42.6%below the price$86.50−81.6%below the price$84.07
Asset-Based−77.4%below the price$34.03−97.4%below the price$12.04
Growth DCF+21.4%above the price$183−65.8%below the price$156
Economic Profit−59.3%below the price$61.41−80.3%below the price$90.05
Growth Earnings−45.1%below the price$82.81−64.8%below the price$161
Minimum−77.4%below the price$34.03−97.4%below the price$12.04
Maximum+21.4%above the price$183−64.8%below the price$161
Median−50.9%below the price$74.07−81.0%below the price$87.06
Geometric mean−48.9%below the price$77.07−83.7%below the price$74.64

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

ConocoPhillips: 21 of 26 models see the stock below the current price.

Marathon Petroleum: 25 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

ConocoPhillips
Price $151
Fair Value $91.42
Bear $68.56Bull $114
Marathon Petroleum
Price $457
Fair Value $105
Bear $73.28Bull $165

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

ConocoPhillips · Energy

Quality score66 · Top 25%
Fair value upside−39.4% · below median

Marathon Petroleum · Energy

Quality score61 · Top 25%
Fair value upside−76.9% · bottom 25%

Bottom line

As of Oct 25, 2026, Fair Value Calculator sees ConocoPhillips as the less overvalued of the two: ConocoPhillips trades at $151 versus a fair value of $91.42 (−39.4%), while Marathon Petroleum trades at $457 versus $105 (−76.9%).

ConocoPhillips has the higher quality score (66/100).

Open ConocoPhillips live analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.