P/E ratio for Summit Midstream (SMLP)
P/E ratio as of April 2024 (TTM): -3.61
According to Summit Midstream's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.60572. At the end of 2022 the company had a P/E ratio of -1.34.
P/E ratio history for Summit Midstream from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -1.34 | -61.68% |
| 2021 | -3.49 | -1941.68% |
| 2020 | 0.1892 | -126.3% |
| 2019 | -0.7196 | -100.43% |
| 2018 | 168 | 708.9% |
| 2017 | 20.7 | -160.36% |
| 2016 | -34.3 | 432.65% |
| 2015 | -6.44 | -92.54% |
| 2014 | -86.4 | -293.23% |
| 2013 | 44.7 | -7.2% |
| 2012 | 48.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Williams Companies
WMB | 17.6 | -588.26% | 🇺🇸 USA |
 Targa Resources
TRGP | 30.4 | -941.81% | 🇺🇸 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.