Magellan Midstream Partners
MMP
#1316
Rank
S$18.42 B
Marketcap
$91.16
Share price
0.67%
Change (1 day)
25.82%
Change (1 year)

P/E ratio for Magellan Midstream Partners (MMP)

P/E ratio on November 24, 2023 (TTM): 13.7

According to Magellan Midstream Partners 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.745. At the end of 2022 the company had a P/E ratio of 10.1.

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

PE ratio at the end of each year

Year P/E ratio Change
202210.1-2.37%
202110.4-11.63%
202011.8-16.6%
201914.144.27%
20189.77-47.52%
201718.6-13.34%
201621.513.88%
201518.9-15.78%
201422.4-9.01%
201324.69.44%
201222.519.85%
201118.8-5.33%
201019.81.28%
200919.670.64%
200811.5-74.06%
200744.2156.65%
200617.29.07%
200515.8117.04%
20047.28-20.31%
20039.13129.69%
20023.98-82.21%
200122.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.0-20.15%๐Ÿ‡บ๐Ÿ‡ธ USA
10.8-21.28%๐Ÿ‡บ๐Ÿ‡ธ USA
18.5 34.26%๐Ÿ‡บ๐Ÿ‡ธ USA
14.1 2.91%๐Ÿ‡บ๐Ÿ‡ธ USA
13.5-1.92%๐Ÿ‡บ๐Ÿ‡ธ USA
11.1-19.55%๐Ÿ‡บ๐Ÿ‡ธ USA
2.36-82.81%๐Ÿ‡บ๐Ÿ‡ธ USA
25.8 87.87%๐Ÿ‡บ๐Ÿ‡ธ 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.