P/E ratio for EnLink Midstream (ENLC)
P/E ratio as of April 2024 (TTM): 21.7
According to EnLink Midstream 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 21.7031. At the end of 2022 the company had a P/E ratio of 16.2.
P/E ratio history for EnLink Midstream from 2003 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.2 | -89.69% |
| 2021 | 157 | -3739.05% |
| 2020 | -4.31 | 67.49% |
| 2019 | -2.58 | -97.83% |
| 2018 | -119 | -888.59% |
| 2017 | 15.0 | -302.63% |
| 2016 | -7.42 | 6.76% |
| 2015 | -6.95 | -110.95% |
| 2014 | 63.5 | 327.29% |
| 2013 | 14.9 | -126.94% |
| 2012 | -55.2 | -47.64% |
| 2011 | -105 | 185.33% |
| 2010 | -36.9 | -295.26% |
| 2009 | 18.9 | 152.08% |
| 2008 | 7.50 | -94.76% |
| 2007 | 143 | 83.8% |
| 2006 | 77.9 | 379.47% |
| 2005 | 16.3 | -72.46% |
| 2004 | 59.0 | 555.19% |
| 2003 | 9.01 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Magellan Midstream Partners
MMP | 13.7 | -36.67% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 11.0 | -49.17% | 🇺🇸 USA |
 Phillips 66 Partners
PSXP | 14.1 | -34.83% | 🇺🇸 USA |
 PBF Logistics
PBFX | 8.22 | -62.11% | 🇺🇸 USA |
 NuStar Energy NS | 19.0 | -12.57% | 🇺🇸 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.