Is Murphy USA, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Murphy USA, Inc. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 35, an EV to EBITDA of 19.25, and a Price to Book Value of 24.17.
In comparison to peers, Murphy USA's P/E ratio of 31.85 is higher than BJ's Wholesale Club Holdings, Inc. at 23.94 and Penske Automotive Group, Inc. at 12.91, indicating that while it is fairly valued, it is still on the higher end relative to some competitors. Additionally, the company's recent stock performance has been mixed; it has underperformed the S&P 500 year-to-date and over one year, with returns of -22.81% and -19.37%, respectively, while it outperformed in the last week with a return of 2.44% compared to the S&P 500's 1.70%.