P/E ratio for NGL Energy Partners (NGL)
P/E ratio as of May 2024 (TTM): -9.02
According to NGL Energy Partners 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -9.01562. At the end of 2022 the company had a P/E ratio of -2.52.
P/E ratio history for NGL Energy Partners from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -2.52 | 419.4% |
| 2021 | -0.4853 | 17.49% |
| 2020 | -0.4131 | -91.62% |
| 2019 | -4.93 | -231.62% |
| 2018 | 3.75 | -145.33% |
| 2017 | -8.26 | -56.32% |
| 2016 | -18.9 | -221.67% |
| 2015 | 15.5 | -137.22% |
| 2014 | -41.8 | -136.33% |
| 2013 | 115 | 219.15% |
| 2012 | 36.0 | -133.47% |
| 2011 | -108 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Martin Midstream Partners MMLP | -19.4 | 114.71% | 🇺🇸 USA |
 Blueknight Energy Partners BKEP | 2.36 | -126.20% | 🇺🇸 USA |
 Cheniere Energy
LNG | 3.08 | -134.20% | 🇺🇸 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.