P/E ratio for Global Partners LP (GLP)
P/E ratio as of November 2023 (TTM): 5.44
According to Global Partners LP's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.44306. At the end of 2022 the company had a P/E ratio of 3.46.
P/E ratio history for Global Partners LP from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.46 | -80.41% |
| 2021 | 17.7 | 195.42% |
| 2020 | 5.98 | -75.68% |
| 2019 | 24.6 | 349.47% |
| 2018 | 5.47 | -43.01% |
| 2017 | 9.60 | -391.63% |
| 2016 | -3.29 | -121.73% |
| 2015 | 15.1 | 82.27% |
| 2014 | 8.31 | -85.68% |
| 2013 | 58.0 | 286.78% |
| 2012 | 15.0 | -38.27% |
| 2011 | 24.3 | 41.9% |
| 2010 | 17.1 | 90.19% |
| 2009 | 9.00 | 24.3% |
| 2008 | 7.24 | -61.63% |
| 2007 | 18.9 | 78.74% |
| 2006 | 10.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Phillips 66 PSX | 7.09 | 30.20% | 🇺🇸 USA |
 World Fuel Services
INT | 12.9 | 137.08% | 🇺🇸 USA |
 Star Group SGU | -43.3 | -895.90% | 🇺🇸 USA |
 Clean Energy Fuels CLNE | -10.1 | -284.80% | 🇺🇸 USA |
 Suburban Propane Partners SPH | 12.1 | 122.56% | 🇺🇸 USA |
 CrossAmerica Partners CAPL | 15.5 | 184.27% | 🇺🇸 USA |
 Crestwood Equity Partners CEQP | 21.7 | 299.38% | 🇺🇸 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.