P/E ratio for Rattler Midstream (RTLR)
P/E ratio as of May 2024 (TTM): 16.4
According to Rattler Midstream 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.3656. At the end of 2021 the company had a P/E ratio of 13.1.
P/E ratio history for Rattler Midstream from 2019 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 13.1 | 2.1% |
| 2020 | 12.8 | -35.19% |
| 2019 | 19.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Rattler Midstream
RTLR | 16.4 | 0.00% | 🇺🇸 USA |
 Phillips 66 Partners
PSXP | 14.1 | -13.57% | 🇺🇸 USA |
 PBF Logistics
PBFX | 8.22 | -49.75% | 🇺🇸 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.