P/E ratio for PBF Logistics (PBFX)
P/E ratio as of April 2024 (TTM): 8.22
According to PBF Logistics 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.22314. At the end of 2021 the company had a P/E ratio of 4.65.
P/E ratio history for PBF Logistics from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 4.65 | 20.45% |
| 2020 | 3.86 | -67.59% |
| 2019 | 11.9 | 1.93% |
| 2018 | 11.7 | 21.04% |
| 2017 | 9.65 | 6.62% |
| 2016 | 9.05 | -7.59% |
| 2015 | 9.80 | -60.87% |
| 2014 | 25.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Delek Logistics Partners DKL | 10.6 | 28.36% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 10.9 | 32.79% | 🇺🇸 USA |
 PBF Energy
PBF | 2.47 | -70.01% | 🇺🇸 USA |
 NuStar Energy NS | 18.2 | 121.25% | 🇺🇸 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.