Latest Ratios: P/E Ratio 14.7x · EV/EBITDA 5.6x · ROE 16.4%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.8B | $4.1B | $4.4B | $4.0B | $4.4B | $3.3B | $1.2B | $2.1B | $1.8B | $791M | — |
| Enterprise Value | $4.9B | $4.2B | $4.5B | $4.0B | $4.1B | $3.3B | $1.4B | $2.3B | $2.0B | $791M | — |
| P/E Ratio → | 14.74 | 12.51 | 12.05 | 10.44 | 4.98 | 8.00 | — | 44.93 | 18.68 | 4.43 | — |
| P/S Ratio | 3.65 | 3.10 | 3.31 | 3.27 | 2.60 | 3.07 | 2.17 | 2.23 | 1.71 | 1.96 | — |
| P/B Ratio | 2.39 | 2.03 | 2.22 | 2.13 | 2.53 | 3.17 | 1.40 | 0.77 | 0.66 | 0.50 | — |
| P/FCF | 11.70 | 9.93 | 10.10 | 9.31 | 5.30 | 5.99 | 13.35 | 9.89 | 7.07 | 79.58 | — |
| P/OCF | 5.45 | 4.62 | 4.73 | 4.69 | 3.40 | 4.20 | 3.79 | 3.24 | 3.01 | 3.07 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.21 | 3.43 | 3.28 | 2.44 | 3.10 | 2.55 | 2.45 | 1.95 | 1.96 | — |
| EV / EBITDA | 5.59 | 4.77 | 4.87 | 4.68 | 3.14 | 4.18 | — | 3.47 | 2.82 | — | — |
| EV / EBIT | 11.25 | 9.60 | 8.89 | 7.31 | 3.82 | 5.57 | — | 18.05 | 6.11 | — | — |
| EV / FCF | — | 10.30 | 10.45 | 9.33 | 4.97 | 6.05 | 15.70 | 10.88 | 8.08 | 79.58 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.7% | 46.7% | 51.7% | 57.2% | 74.1% | 68.9% | 23.8% | 32.9% | 89.6% | 61.0% | 59.6% |
| Operating Margin | 33.5% | 33.5% | 38.9% | 43.6% | 63.4% | 55.9% | -355.7% | 13.5% | 26.3% | -0.3% | 26.0% |
| Net Profit Margin | 24.8% | 24.8% | 27.8% | 31.6% | 52.7% | 38.7% | -223.2% | 5.3% | 9.0% | 0.4% | 19.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.4% | 16.4% | 19.0% | 21.4% | 64.2% | 44.3% | -67.7% | 1.8% | 4.4% | 0.2% | 3.4% |
| ROA | 11.4% | 11.4% | 13.1% | 14.6% | 41.4% | 26.1% | -49.1% | 1.5% | 3.7% | 0.1% | 3.3% |
| ROIC | 15.4% | 15.4% | 19.2% | 23.9% | 63.4% | 42.6% | -72.5% | 3.2% | 9.0% | -0.1% | 3.5% |
| ROCE | 17.1% | 17.1% | 20.6% | 22.9% | 57.1% | 42.2% | -83.4% | 3.9% | 11.3% | -0.1% | 4.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 0.38 | 0.47 | 0.14 | 0.14 | — | — |
| Debt / EBITDA | 0.47 | 0.47 | 0.44 | 0.48 | 0.30 | 0.50 | — | 0.59 | 0.54 | — | — |
| Net Debt / Equity | — | 0.08 | 0.08 | 0.00 | -0.16 | 0.03 | 0.25 | 0.08 | 0.09 | 0.00 | 0.00 |
| Net Debt / EBITDA | 0.17 | 0.17 | 0.16 | 0.01 | -0.21 | 0.04 | — | 0.32 | 0.35 | — | 0.00 |
| Debt / FCF | — | 0.37 | 0.35 | 0.02 | -0.33 | 0.05 | 2.34 | 0.99 | 1.01 | 0.00 | 0.00 |
| Interest Coverage | 20.31 | 20.31 | 35.32 | 16661.97 | 46.09 | 19.34 | -66.89 | 4.52 | 11.13 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 1.42 | 1.88 | 2.50 | 2.37 | 2.18 | 1.67 | 1.48 | 1.41 | 1.39 |
| Quick Ratio | 1.54 | 1.54 | 1.42 | 1.88 | 2.50 | 2.37 | 2.18 | 1.67 | 1.48 | 1.41 | 1.39 |
| Cash Ratio | 0.93 | 0.93 | 0.90 | 1.27 | 1.98 | 1.68 | 1.49 | 1.04 | 0.69 | — | 1.30 |
| Asset Turnover | — | 0.45 | 0.47 | 0.45 | 0.66 | 0.62 | 0.37 | 0.27 | 0.30 | 0.24 | 0.17 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 48.63 | 41.02 | 56.43 | 36.78 | 50.69 | 55.00 | 40.98 | 49.25 | 103.39 | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 2.8% | 2.2% | 2.2% | 1.7% | 0.4% | — | — | — | — | — |
| Payout Ratio | 34.8% | 34.8% | 26.7% | 22.7% | 8.4% | 3.4% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 8.0% | 8.3% | 9.6% | 20.1% | 12.5% | — | 2.2% | 5.4% | 22.6% | — |
| FCF Yield | 8.5% | 10.1% | 9.9% | 10.7% | 18.9% | 16.7% | 7.5% | 10.1% | 14.1% | 1.3% | — |
| Buyback Yield | 4.3% | 5.1% | 6.3% | 5.1% | 8.0% | 9.0% | 2.4% | 3.8% | 20.0% | 0.0% | — |
| Total Shareholder Yield | 6.7% | 7.8% | 8.5% | 7.3% | 9.7% | 9.4% | 2.4% | 3.8% | 20.0% | 0.0% | — |
| Shares Outstanding | — | $186M | $186M | $188M | $188M | $175M | $166M | $167M | $159M | $81M | $75M |
Geological development complexity
According to current market data, MGY trades at a forward P/E of 9.17, which appears to command a premium relative to more levered peers, reflecting investor confidence in the company's self-funding model and its ability to maintain shareholder returns despite inherent commodity price volatility.
The valuation multiple suggests that the market is pricing in a lower risk profile for MGY compared to peers like Chord Energy or Crescent Energy, likely due to the company's superior balance sheet. Investors should monitor whether this premium remains sustainable as the company shifts its operational focus toward the more complex Giddings Field development.
Based on reported figures, MGY's ROIC has fluctuated between 3.3% and 5.9% over the last ten quarters, indicating that while the company remains profitable, the transition toward the Giddings Field may be temporarily diluting returns compared to the mature, high-margin Karnes County assets.
The decline in ROIC from the 2023Q4 peak suggests that the capital intensity required for the Austin Chalk development is higher than the historical baseline. This trend warrants further investigation to determine if the current reinvestment rate will eventually yield higher long-term compounding or if it signals a permanent shift toward lower-return asset profiles.
As reported in financial statements, MGY maintains a debt-to-equity ratio of 0.19 as of 2026Q1, a figure that remains significantly lower than the broader E&P sector average and provides the company with substantial insulation against the interest rate sensitivity that often impacts more levered competitors.
This conservative capital structure is a core pillar of the investment thesis, allowing MGY to prioritize shareholder returns without the burden of significant debt service obligations. The company's ability to maintain such low leverage while funding aggressive development suggests a disciplined approach to capital allocation that is rare in the energy sector.
The P/E ratio is frequently misapplied to MGY, as it fails to account for the non-cash DD&A charges inherent in the successful efforts accounting method, which can significantly distort earnings and obscure the company's true underlying cash-generating capacity in the volatile energy market.
Investors should instead focus on P/FCF or EV/EBITDA, which better reflect the company's ability to generate cash after accounting for the capital-intensive nature of drilling and completion activities. Relying solely on P/E may lead to an inaccurate assessment of MGY's valuation relative to peers who may utilize different accounting treatments for their reserve development.
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Quick answers to the most common questions about buying MGY stock.
Magnolia Oil & Gas Corporation's current P/E ratio is 14.7x. The historical average is 14.5x. This places it at the 75th percentile of its historical range.
Magnolia Oil & Gas Corporation's current EV/EBITDA is 5.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.0x.
Magnolia Oil & Gas Corporation's return on equity (ROE) is 16.4%. The historical average is 10.7%.
Based on historical data, Magnolia Oil & Gas Corporation is trading at a P/E of 14.7x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Magnolia Oil & Gas Corporation's current dividend yield is 2.36% with a payout ratio of 34.8%.
Magnolia Oil & Gas Corporation has 46.7% gross margin and 33.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Magnolia Oil & Gas Corporation's Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.