Holly Energy Partners
HEP
#3439
Rank
$2.18 B
Marketcap
$17.25
Share price
0.65%
Change (1 day)
-8.83%
Change (1 year)

P/E ratio for Holly Energy Partners (HEP)

P/E ratio as of October 2022 (TTM): 9.71

According to Holly Energy Partners's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.7095. At the end of 2021 the company had a P/E ratio of 8.12.

P/E ratio history for Holly Energy Partners from 2004 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20218.12-6.76%
20208.71-16.23%
201910.4-38.1%
201816.89.1%
201715.4-18.35%
201618.9-3.1%
201519.5

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.