P/E ratio for Plains GP (PAGP)
P/E ratio as of September 2023 (TTM): 13.9
According to Plains GP's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.874. At the end of 2021 the company had a P/E ratio of 31.7.
P/E ratio history for Plains GP from 2014 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 31.7 | -1266.25% |
| 2020 | -2.72 | -128.68% |
| 2019 | 9.48 | -0.54% |
| 2018 | 9.53 | -300.94% |
| 2017 | -4.74 | -113.1% |
| 2016 | 36.2 |
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.