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MARPS Fair Value & Analysis

Energy · US · Market cap $8.5M

M MARPS logo MARPS MARPS · US
Price$4.81
Fair Value$3.94
Upside-18.1%
Quality88/100
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Mixed Growth
Highly profitable · 65.2% net margin
generates free cash flow
7.75% dividend yield
Ranks above peers (9/13)
Wide moat 81/100
Evidence: High Range $3.07 – $5.11 Share as image

Fair value as of: Jul 19, 2026

From 20 valuation models · updated 22 days ago

Share price +0.6% over the past month.

A strong business, but screening 18% overvalued on our models.

What matters now

  • A high-quality business (quality 88/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • Our model range runs from $3.07 (bear) to $5.11 (bull), base $3.94. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 88/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$10.79 $2.55 Fair Value $3.94 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $2.55 – $10.79 · fair‑value band $3.07 – $5.11 · the $4.81 price screens above the $3.94 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

MARPS (MARPS) currently trades at $4.81, while our model-based Fair Value estimate is $3.94, implying the stock looks roughly 18.1% overvalued today. The Quality Score stands at 88/100 (high quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, MARPS generated revenue of $962K at a net margin of 65.2%. Revenue declined 31.1% year over year. It earns a return on equity of 65.6%. The stock trades on a trailing P/E of 13.7. Fundamentals as of Jul 19, 2026

Our scenario range runs from $3.07 (bear case) to $5.11 (bull case); at $4.81, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at -18%, MARPS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $7,580 $9,310 $11,972 72
Growth-Adj P/E $2.75 $3.93 $5.11 68
ROIC Compounder $2.70 $2.96 $3.18 67
All 20 models by family
DCF Models
FCF DCF $7,405 $9,241 $12,306 38
5Y Revenue Exit $3,500 $3,718 $4,029 39
5Y EBITDA Exit $3,788 $4,212 $4,798 41
5Y P/E Exit $3,501 $3,720 $4,033 38
10Y Revenue Exit $5,325 $5,683 $5,954 36
10Y EBITDA Exit $5,476 $5,950 $6,351 37
10Y P/E Exit $5,326 $5,685 $5,956 35
Earnings-Based
Graham-Dodd $2.48 $3.34 $3.86 54
EPV $2.70 $2.96 $3.18 59
Multiples
P/E Multiple $3.82 $5.10 $6.37 63
P/S Multiple $0.4500 $0.6100 $0.7600 58
P/B Multiple $0.6200 $0.8300 $1.04 55
EV/EBIT $3.07 $3.94 $4.81 53
EV/EBITDA $636.53 $848.55 $1,061 54
EV/Revenue $0.8900 $1.07 $1.25 43
Asset-Based
NCAV (Graham) $0.2300 $0.3100 $0.4600 50
Growth DCF
Growth DCF $7,580 $9,310 $11,972 72
Economic Profit
Residual Income $1.90 $3.25 $57.58 61
ROIC Compounder $2.70 $2.96 $3.18 67
Growth Earnings
Growth-Adj P/E $2.75 $3.93 $5.11 68

Widest divergence: Growth DCF ($9,310) versus Asset-Based ($0.3100). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) $962K
Revenue growth (YoY) -31.1%
Net margin 65.2%
Return on equity 65.6%
Free cash flow $2.0B FY2023
P/E ratio 13.7
More key figures
Operating margin 57.6%
EPS (TTM) $0.3100
Dividend yield 7.8%
EPS growth (YoY) -44.7%
Net cash $922K FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 88/100

Of which business quality 86 · Market factors (momentum, volatility) 47

Profitability 97
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust primarily in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of America off the coasts of Louisiana and Texas.

Full company description

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust primarily in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of America off the coasts of Louisiana and Texas. The company was founded in 1956 and is based in Dallas, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MARPS reported revenue of $1.0M in FY2025 versus $774K in FY2021, a compound +6.9%/yr. Reported net income was $728K in FY2025, compounding +6.1%/yr from FY2021.

Growth Quality 70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$1.0M
Latest YoY
−3.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+37.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.8%
Avg. growth/yr (39Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.3%
Revenue +6.9%/yr
FY21 $774K
FY22 $387K
FY23 $1.6M
FY24 $1.0M
FY25 $1.0M
Net income +6.1%/yr
FY21 $574K
FY22 $162K
FY23 $1.4M
FY24 $713K
FY25 $728K

MARPS screens 18% overvalued. Compare with Enbridge Inc →

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Cite: Fair Value Calculator (2026). "MARPS Fair Value". https://www.fairvalue-calculator.com/stock/MARPS

Peer Group

Oil & Gas Midstream · 87 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 88 · Top 25%
Fair Value upside −18% · Above median
Return on equity (TTM) 66% · Top 25%
Return on assets 41% · Top 25%
Net margin (TTM) 65% · Top 25%
Operating margin (TTM) 58% · Top 25%
Revenue growth -31% · Bottom 25%
Dividend yield (TTM) 7.8% · Top 25%

Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper

P/E (TTM) 13.7× · Cheaper than median
P/B 9.25× · Pricier than 75% of peers
P/S (TTM) 8.86× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 10.4× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 9 · sector 0
FUTURE 0 · sector 41
PAST 100 · sector 41
HEALTH 0 · sector 54
DIVIDEND 100 · sector 99

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $56.46 $47.20 -16%
The Williams Companies, Inc WMB $73.38 $12.03 -84%
Enterprise Products Partners L.P. EPD $38.31 $24.74 -35%
TC Energy Corporation TRP C$97.79 C$42.00 -57%
Kinder Morgan, Inc KMI $32.54 $11.12 -66%
Energy Transfer LP, ET $19.91 $17.69 -11%
ONEOK, Inc OKE $93.52 $64.05 -32%
Targa Resources Corp TRGP $273.35 $79.61 -71%
MPLX LP owns and MPLX $57.17 $37.05 -35%
Cheniere Energy, Inc LNG $255.83 $211.18 -17%

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Frequently asked questions

Is MARPS overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $3.94 versus a price of $4.81, about −18% (overvalued).
What is the fair value of MARPS?
Our model-based fair value for MARPS is $3.94 (as of Jul 19, 2026), built from audited fundamentals. The current price is $4.81.
What is the quality score of MARPS?
MARPS has a Quality Score of 88/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of MARPS?
MARPS reported trailing-twelve-month revenue of about $962K (latest available figure, as of Jul 19, 2026).
What is the net profit margin of MARPS?
The net profit margin of MARPS is about 65.2%, meaning it keeps roughly 65.2% of revenue as net income. Based on the latest reported figures.
Does MARPS pay a dividend?
MARPS currently shows a dividend yield of about 7.75% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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