P/E ratio for Magellan Midstream Partners (MMP)
P/E ratio as of April 2024 (TTM): 13.7
According to Magellan Midstream Partners 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.745. At the end of 2022 the company had a P/E ratio of 10.1.
P/E ratio history for Magellan Midstream Partners from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.1 | -2.37% |
| 2021 | 10.4 | -11.63% |
| 2020 | 11.8 | -16.6% |
| 2019 | 14.1 | 44.27% |
| 2018 | 9.77 | -47.52% |
| 2017 | 18.6 | -13.34% |
| 2016 | 21.5 | 13.88% |
| 2015 | 18.9 | -15.78% |
| 2014 | 22.4 | -9.01% |
| 2013 | 24.6 | 9.44% |
| 2012 | 22.5 | 19.85% |
| 2011 | 18.8 | -5.33% |
| 2010 | 19.8 | 1.28% |
| 2009 | 19.6 | 70.64% |
| 2008 | 11.5 | -74.06% |
| 2007 | 44.2 | 156.65% |
| 2006 | 17.2 | 9.07% |
| 2005 | 15.8 | 117.04% |
| 2004 | 7.28 | -20.31% |
| 2003 | 9.13 | 129.69% |
| 2002 | 3.98 | -82.21% |
| 2001 | 22.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Blueknight Energy Partners BKEP | 2.36 | -82.81% | 🇺🇸 USA |
 Delek Logistics Partners DKL | 11.0 | -20.27% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 11.3 | -18.04% | 🇺🇸 USA |
 Phillips 66 Partners
PSXP | 14.1 | 2.91% | 🇺🇸 USA |
 NuStar Energy NS | 18.9 | 37.87% | 🇺🇸 USA |
 MPLX MPLX | 12.0 | -12.92% | 🇺🇸 USA |
 Holly Energy Partners HEP | 10.8 | -21.28% | 🇺🇸 USA |
 Genesis Energy L.P. GEL | 27.8 | 102.26% | 🇺🇸 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.