Does MURPHY OIL CORPORATION have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores MURPHY OIL CORPORATION (MUR) 54.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 7, balance-sheet safety 47, capital discipline 64.

Is MUR stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $31.68 per share versus a recent price of $36.83 — 16% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has MUR's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 54.3 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

MURPHY OIL CORPORATION

MUR · Materials · $5.3B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power100

Median gross margin 99.9% over 6y, very stable.

Returns on capital7

Median ROIC 4.2%, above the 9% hurdle in 20% of years.

Balance-sheet safety47

Net debt/EBITDA 0.8x, interest coverage 3x.

Capital discipline64

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

16% above value

Owner earnings (normalized): $407.2M
Est. intrinsic value / share: $31.68
Recent price: $36.83
Discount to value: 16% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

20 years of fundamentals

The business, in plain English

MURPHY OIL CORPORATION booked $2.7B of revenue in FY2025 in the Materials sector and kept 100.0% of it as gross profit — a high-margin business by that measure. After every other cost, 3.9% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $18.3B (FY2007) to $2.7B (FY2025) — about −10.1% a year compounded over 18 years.

It earned 3.7% on invested capital in FY2025, with a median of 3.7% across 11 filed years. The Returns on Capital filter above scores it 7/100.

The balance sheet carried $1.4B of total debt in FY2025 against $104.2M of owner earnings — roughly 13.3 years of owner earnings to retire it all. Balance-Sheet Safety scores it 47/100.

The share count fell 24.7% between FY2007 and FY2025 — management has been retiring shares, which concentrates each remaining owner's claim. Capital Discipline scores it 64/100.

Put together: Pricing Power is the strongest of the four filters (100/100) and Returns on Capital the weakest (7/100), which is how MUR lands at 54/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$2.7B FY2025

Gross marginRevenue kept after cost of goods100.0% FY2025

Return on invested capitalOperating profit on the capital employed3.7% FY2025

Owner earningsCash an owner could take out$104.2M FY2025

Gaps in a line mean that item isn’t in MUR’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale54.3 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — MUR has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Materials context

#62 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#60AVNT AVIENT CORPORATION54.9 out of 100, Shallow moatShallow moat
#61UFPI UFP INDUSTRIES, INC.54.6 out of 100, Shallow moatShallow moat
#63EPC EDGEWELL PERSONAL CARE COMPANY54.3 out of 100, Shallow moatShallow moat
#64RSRV RESERVE PETROLEUM CO54.1 out of 100, Shallow moatShallow moat

Compare MUR with its nearest peers →All Materials companies on the Index →

Common questions about MUR

Does MURPHY OIL CORPORATION have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores MURPHY OIL CORPORATION (MUR) 54.3 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 7, balance-sheet safety 47, capital discipline 64.
Is MUR stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $31.68 per share versus a recent price of $36.83 — 16% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has MUR's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 54.3 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell MUR. See the disclaimer.