P/E ratio for Global Partners LP (GLP)
P/E ratio as of March 2023 (TTM): 3.27
According to Global Partners LP's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.26816. At the end of 2021 the company had a P/E ratio of N/A.
P/E ratio history for Global Partners LP from 2006 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | N/A | NAN% |
| 2020 | N/A | NAN% |
| 2019 | N/A | NAN% |
| 2018 | N/A | NAN% |
| 2017 | N/A | NAN% |
| 2016 | N/A | NAN% |
| 2015 | N/A | NAN% |
| 2014 | N/A | NAN% |
| 2013 | N/A |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Phillips 66 PSX | 4.35 | 33.24% | 🇺🇸 USA |
 World Fuel Services
INT | 13.9 | 325.58% | 🇺🇸 USA |
 Clean Energy Fuels CLNE | -19.9 | -709.88% | 🇺🇸 USA |
 Suburban Propane Partners SPH | 3.95 | 20.94% | 🇺🇸 USA |
 CrossAmerica Partners CAPL | 12.3 | 277.13% | 🇺🇸 USA |
 Crestwood Equity Partners CEQP | 78.4 | 2,299.41% | 🇺🇸 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.