P/E ratio for Energy Transfer Partners (ET)
P/E ratio as of April 2024 (TTM): 14.4
According to Energy Transfer Partners 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.3679. At the end of 2022 the company had a P/E ratio of 8.42.
P/E ratio history for Energy Transfer Partners from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.42 | 95.37% |
| 2021 | 4.31 | -116.73% |
| 2020 | -25.8 | -370.95% |
| 2019 | 9.50 | -13.67% |
| 2018 | 11.0 | -46.43% |
| 2017 | 20.5 | 1.09% |
| 2016 | 20.3 | 65.69% |
| 2015 | 12.3 | -75.2% |
| 2014 | 49.5 | -38.88% |
| 2013 | 80.9 | 117.1% |
| 2012 | 37.3 | 27.69% |
| 2011 | 29.2 | -35.74% |
| 2010 | 45.4 | 195.64% |
| 2009 | 15.4 | 59.26% |
| 2008 | 9.65 | -65.76% |
| 2007 | 28.2 | -42.55% |
| 2006 | 49.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kinder Morgan KMI | 16.3 | 13.70% | 🇺🇸 USA |
 NextDecade Corp NEXT | -4.32 | -130.06% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.