P/E ratio for Westlake Chemical Partners (WLKP)
P/E ratio as of April 2024 (TTM): 13.2
According to Westlake Chemical Partners's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.241. At the end of 2022 the company had a P/E ratio of 12.8.
P/E ratio history for Westlake Chemical Partners from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.8 | 11.87% |
| 2021 | 11.5 | -9% |
| 2020 | 12.6 | -15.97% |
| 2019 | 15.0 | -6.06% |
| 2018 | 16.0 | 5.04% |
| 2017 | 15.2 | 5.4% |
| 2016 | 14.4 | -4.12% |
| 2015 | 15.1 | 535.14% |
| 2014 | 2.37 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Aemetis AMTX | -0.9951 | -107.52% | 🇺🇸 USA |
 Innospec IOSP | 23.6 | 78.20% | 🇺🇸 USA |
 Green Plains GPRE | -8.93 | -167.43% | 🇺🇸 USA |
 Valhi VHI | 59.8 | 351.88% | 🇺🇸 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.