Murphy Oil Corporation (MUR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-28.9%

$28.82

vs $40.52 price

Levered DCF

$73.29

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

-7.15

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	42.81×	11.17×	10.01×	6.91×	-54.4×	-1.48×	23.3×	9.83×
P/B	0.87×	0.87×	1.23×	1.34×	0.97×	0.44×	0.8×	0.84×
P/S	1.66×	1.5×	1.92×	1.58×	1.44×	1.06×	1.56×	1.56×
EV / EBITDA	5.01×	4.02×	4.3×	3.68×	6.49×	-16.95×	4.48×	6.36×
Gross margin	21.5%	33.2%	76.0%	56.4%	45.7%	-0.5%	31.5%	40.9%
Operating margin	14.4%	20.0%	30.2%	37.6%	10.0%	-77.8%	15.8%	24.3%
Net margin	3.9%	13.5%	19.2%	22.9%	-2.6%	-65.6%	40.8%	15.9%
Current ratio	0.85×	0.83×	0.89×	0.77×	0.76×	1.4×	1.03×	1.04×
Debt / equity	0.43×	0.4×	0.39×	0.56×	0.81×	0.93×	0.62×	0.67×
Interest coverage	4.03×	5.69×	9.27×	10.52×	1.27×	-8.04×	1.84×	3.49×
Dividend yield	4.2%	4.0%	2.6%	1.9%	1.9%	5.2%	3.7%	4.3%
Payout ratio	178.7%	44.2%	25.8%	13.3%	-104.8%	-8.4%	14.2%	42.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.0%	7.8%	12.3%	19.3%	-1.8%	-27.3%	21.0%	8.5%
Return on invested capital	3.2%	5.8%	9.0%	13.5%	3.0%	-11.0%	3.8%	6.0%
Return on assets	1.1%	4.2%	6.8%	9.4%	-0.7%	-10.8%	9.8%	3.7%
Free cash flow yield	8.9%	18.1%	9.8%	15.7%	18.2%	-3.8%	-24.3%	-26.1%
Earnings yield	2.3%	9.0%	10.0%	14.5%	-1.8%	-61.8%	26.2%	10.2%
Enterprise value	$6.3B	$6.2B	$8.4B	$9B	$6.9B	$5.5B	$7.5B	$6.9B
Net debt / EBITDA	1.45×	1.07×	0.91×	0.94×	2.68×	-11.21×	1.86×	2.63×
Cash conversion cycle (days)	-50	-43	-137	-63	-103	-16	-44	-30