Murphy USA Inc. (MUSA)

Retail-Auto Dealers & Gasoline Stations

Latest Price

$616.10

TTM P/E

21.43

Normalized P/E

24.97

Div Yield

0.37%

Book Value

35.57

P/B Ratio

17.32

Valuation metrics

EPS: $24.10

Book value / share: $31.93

Formula: √(22.5 × EPS × BVPS)

Graham Number

$131.59

78% downside

Norm. op. income: $719M (median of 7yr)

Tax rate: 24%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$170.84

72% downside

Base FCF: $448M (median of recent 5yr)

Growth: 11%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$481.86

21% downside

EPS: $24.10

Target P/E: 25×

Formula: EPS × P/E

P/E Fair Value

$602.50

1% downside

77.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	1.68M	$830.0M	9.08%	+31.6K	2026-03-31
FMR LLC	1.47M	$724.0M	7.92%	-156.7K	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	750.8K	$370.0M	4.05%	--	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	728.4K	$359.0M	3.93%	--	2026-03-31
STATE STREET CORP	556.7K	$274.0M	3.01%	-11.9K	2026-03-31
Boston Partners	536.9K	$265.0M	2.90%	+445.6K	2026-03-31
HUNTINGTON NATIONAL BANK	414.7K	$204.0M	2.24%	+414.7K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	376.0K	$185.0M	2.03%	+10.8K	2026-03-31
AQR CAPITAL MANAGEMENT LLC	315.9K	$156.0M	1.71%	-191.5K	2026-03-31
DIMENSIONAL FUND ADVISORS LP	297.3K	$146.0M	1.61%	-3.5K	2026-03-31