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STOCK COMPARISON

Marathon Petroleum vs Exxon Mobil: Fair Value & Quality

Both stocks run through our valuation models. Here is how Marathon Petroleum (MPC) and Exxon Mobil (XOM) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees Exxon Mobil as the less overvalued of the two: Marathon Petroleum trades at $445 versus a fair value of $105 (−76.3%), while Exxon Mobil trades at $187 versus $90.40 (−51.7%).
Marathon Petroleum
MPC · USD · Energy
−76.3%
upside to fair value
overvalued
Price$445
Fair Value$105
Quality61/100
Fair ValueQualityUptrend
Exxon Mobil
XOM · USD · Energy
−51.7%
upside to fair value
overvalued
Price$187
Fair Value$90.40
Quality58/100
Fair ValueQualityUptrend
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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

Marathon PetroleumExxon Mobil
Valuation
15.0×P/E (TTM)23.6×
41.6×P/E ex one-offs (FY2025)23.6×
7.8×Forward P/E (FY2027)15.3×
9.0×Median P/E at FY-end (9 FY, ex one-offs where documented)13.9×
1.20×P/S (TTM)2.12×
7.38×P/B2.95×
14.6×EV/EBITDA11.6×
0.90×PEG1.38×
−76.3%Fair value upside−51.7%
0.9%Dividend yield2.2%
$4.00Dividend per share$4.08
Profitability
13.6%Operating margin15.9%
42.1%Return on equity12.6%
6.9%Return on assets6.4%
Growth
53.7%Revenue growth (YoY)44.1%
-9.2%Avg. growth/yr (3Y)-6.7%
13.7%Avg. growth/yr (5Y)12.6%
+39.9%Value creation/yr+11.1%
Balance & size
4.1×Interest coverage (EBIT/interest)56.3×
1.76×Debt / equity0.13×
$128BMarket cap$765B
weakGrowth qualityweak
The P/E excluding one-off items is scored. For Exxon Mobil no documented adjusted P/E is available, so its reported P/E is shown there. The trailing P/E is shown for reference.
Marathon Petroleum, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), earnings ex one-offs: 9. Exxon Mobil, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 13.9.
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.

Exxon Mobil leads: 5 to 9 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.

Marathon Petroleum Exxon Mobil
ProfitabilityHow much profit the company makes from its sales and capital
53
43
Quality GrowthAre margins and returns getting better?
35
33
CashflowDo the profits arrive as real cash?
50
51
Financial strengthDebt, balance sheet and risk of trouble
33
77
InvestmentDoes it invest with discipline instead of growing at any price?
99
60
Low VolatilityHow calm the share price moves, does not count
75
88
MomentumPrice trend of the last 3 to 12 months, does not count
100
78
Near the 52-week highDistance to the 52-week high, does not count
94
100
New sharesBuys back shares or issues new ones?
100
87

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 familyMarathon PetroleumPrice $445Exxon MobilPrice $187
DCF Models−69.0%below the price$138−51.5%below the price$90.83
Earnings-Based−84.2%below the price$70.38−56.6%below the price$81.20
Dividend Discount−90.3%below the price$43.32−64.4%below the price$66.75
Multiples−81.1%below the price$84.07−51.7%below the price$90.54
Asset-Based−97.3%below the price$12.04−79.2%below the price$38.86
Growth DCF−64.9%below the price$156−48.1%below the price$97.13
Economic Profit−79.8%below the price$90.05−63.5%below the price$68.42
Growth Earnings−63.8%below the price$161−58.1%below the price$78.49
Matching families8 of 8
Minimum−97.3%below the price$12.04−79.2%below the price$38.86
Maximum−63.8%below the price$161−48.1%below the price$97.13
Median−80.4%below the price$87.06−57.4%below the price$79.85
Geometric mean−83.2%below the price$74.64−60.5%below the price$74.04
Ahead family by family0 of 88 of 8

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 8 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Exxon Mobil is ahead in 8 of 8 shared families, Marathon Petroleum in none.

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

Exxon Mobil: 24 of 24 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.

Marathon Petroleum
Price $445
Fair Value $105
Bear $73.28Bull $165
Exxon Mobil
Price $187
Fair Value $90.40
Bear $58.82Bull $118

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Ranked within their sector

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

Marathon Petroleum · Energy

Quality score61 · Top 25%
Fair value upside−76.3% · bottom 25%

Exxon Mobil · Energy

Quality score58 · above median
Fair value upside−51.7% · bottom 25%

Bottom line

As of Oct 30, 2026, Fair Value Calculator sees Exxon Mobil as the less overvalued of the two: Marathon Petroleum trades at $445 versus a fair value of $105 (−76.3%), while Exxon Mobil trades at $187 versus $90.40 (−51.7%).

Marathon Petroleum has the higher quality score (61/100).

Open Exxon Mobil live analysis →

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