P/E ratio for Magellan Midstream Partners (MMP)

P/E ratio history for Magellan Midstream Partners from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Plains All American Pipeline PAA	11.1	-19.43%	🇺🇸 USA
Holly Energy Partners HEP	10.8	-21.28%	🇺🇸 USA
NuStar Energy NS	18.5	34.26%	🇺🇸 USA
Phillips 66 Partners PSXP	14.1	2.91%	🇺🇸 USA
MPLX MPLX	14.2	3.19%	🇺🇸 USA
Delek Logistics Partners DKL	11.1	-19.16%	🇺🇸 USA
Blueknight Energy Partners BKEP	2.36	-82.81%	🇺🇸 USA
Genesis Energy L.P. GEL	26.2	90.45%	🇺🇸 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.