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Marathon Oil (FRA:USS) Cyclically Adjusted Price-to-FCF : 26.13 (As of May. 17, 2024)


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What is Marathon Oil Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Marathon Oil's current share price is €24.04. Marathon Oil's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.92. Marathon Oil's Cyclically Adjusted Price-to-FCF for today is 26.13.

The historical rank and industry rank for Marathon Oil's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:USS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.84   Med: 18.44   Max: 130.2
Current: 25.46

During the past years, Marathon Oil's highest Cyclically Adjusted Price-to-FCF was 130.20. The lowest was 3.84. And the median was 18.44.

FRA:USS's Cyclically Adjusted Price-to-FCF is ranked worse than
70.96% of 396 companies
in the Oil & Gas industry
Industry Median: 14.145 vs FRA:USS: 25.46

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Marathon Oil's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.246. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.92 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marathon Oil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Marathon Oil's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marathon Oil Cyclically Adjusted Price-to-FCF Chart

Marathon Oil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.95 13.58 83.18 31.78 22.60

Marathon Oil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.53 22.96 27.21 22.60 27.61

Competitive Comparison of Marathon Oil's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Marathon Oil's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marathon Oil's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Marathon Oil's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Marathon Oil's Cyclically Adjusted Price-to-FCF falls into.



Marathon Oil Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Marathon Oil's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.04/0.92
=26.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marathon Oil's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Marathon Oil's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.246/131.7762*131.7762
=0.246

Current CPI (Mar. 2024) = 131.7762.

Marathon Oil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.150 100.560 -0.197
201409 0.418 100.428 0.548
201412 -0.437 99.070 -0.581
201503 -1.565 99.621 -2.070
201506 -0.605 100.684 -0.792
201509 -0.174 100.392 -0.228
201512 -0.236 99.792 -0.312
201603 -0.451 100.470 -0.592
201606 -0.110 101.688 -0.143
201609 0.154 101.861 0.199
201612 0.291 101.863 0.376
201703 0.345 102.862 0.442
201706 -0.023 103.349 -0.029
201709 0.021 104.136 0.027
201712 -0.167 104.011 -0.212
201803 -0.012 105.290 -0.015
201806 0.129 106.317 0.160
201809 0.196 106.507 0.243
201812 0.181 105.998 0.225
201903 -0.108 107.251 -0.133
201906 0.163 108.070 0.199
201909 0.073 108.329 0.089
201912 0.094 108.420 0.114
202003 0.092 108.902 0.111
202006 -0.356 108.767 -0.431
202009 0.216 109.815 0.259
202012 0.171 109.897 0.205
202103 0.440 111.754 0.519
202106 0.401 114.631 0.461
202109 0.568 115.734 0.647
202112 1.007 117.630 1.128
202203 0.912 121.301 0.991
202206 1.775 125.017 1.871
202209 1.692 125.227 1.780
202212 1.129 125.222 1.188
202303 0.392 127.348 0.406
202306 0.767 128.729 0.785
202309 0.889 129.860 0.902
202312 1.109 129.419 1.129
202403 0.246 131.776 0.246

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Marathon Oil  (FRA:USS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Marathon Oil Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Marathon Oil's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Marathon Oil (FRA:USS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Oil Corp (FRA:USS) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
990 Town and Country Boulevard, Houston, TX, USA, 77024-2217
Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.

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