Westlake Chemical Partners
WLKP
#4872
Rank
$0.81 B
Marketcap
$23.20
Share price
0.22%
Change (1 day)
2.16%
Change (1 year)

P/E ratio for Westlake Chemical Partners (WLKP)

P/E ratio as of December 2022 (TTM): 10.6

According to Westlake Chemical Partners's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.5936. At the end of 2021 the company had a P/E ratio of 11.5.

P/E ratio history for Westlake Chemical Partners from 2014 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202111.5-9%
202012.6-15.97%
201915.0-6.06%
201816.05.04%
201715.25.4%
201614.4-4.12%
201515.1255.33%
20144.24

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-2.25-121.26%๐Ÿ‡บ๐Ÿ‡ธ USA
23.8 124.38%๐Ÿ‡บ๐Ÿ‡ธ USA
-20.0-288.96%๐Ÿ‡บ๐Ÿ‡ธ USA
4.58-56.75%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.