According to Shell Midstream Partners 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.3813. At the end of 2021 the company had a P/E ratio of 8.81.
Year | P/E ratio | Change |
---|---|---|
2021 | 8.81 | 12.71% |
2020 | 7.82 | -34.96% |
2019 | 12.0 | 5.35% |
2018 | 11.4 | -51.01% |
2017 | 23.3 | 5.71% |
2016 | 22.0 | -35.12% |
2015 | 34.0 | -91.4% |
2014 | 395 |
Company | P/E ratio | P/E ratio differencediff. | Country |
---|---|---|---|
Delek Logistics Partners DKL | 10.5 | -7.82% | ๐บ๐ธ USA |
Magellan Midstream Partners
MMP | 13.7 | 20.77% | ๐บ๐ธ USA |
TC Energy
TRP | 50.5 | 343.55% | ๐จ๐ฆ Canada |
Phillips 66 Partners
PSXP | 14.1 | 24.28% | ๐บ๐ธ USA |
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.