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GuruFocus has detected 3 Warning Signs with Magellan Midstream Partners LP $MMP.
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Magellan Midstream Partners LP (NYSE:MMP)
EV-to-EBITDA
17.02 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Magellan Midstream Partners LP's enterprise value is $20,073 Mil. Magellan Midstream Partners LP's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Mar. 2017 was $1,180 Mil. Therefore, Magellan Midstream Partners LP's EV/EBITDA ratio for today is 17.02.

MMP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.1   Max: 22.5
Current: 17.02

5.1
22.5

During the past 13 years, the highest EV/EBITDA Ratio of Magellan Midstream Partners LP was 22.50. The lowest was 5.10. And the median was 15.40.

MMP's EV-to-EBITDA is ranked lower than
68% of the 104 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 14.23 vs. MMP: 17.02 )

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

As of today, Magellan Midstream Partners LP's stock price is $69.63. Magellan Midstream Partners LP's earnings per share for the trailing twelve months (TTM) ended in Mar. 2017 was $3.58. Therefore, Magellan Midstream Partners LP's P/E Ratio for today is 19.45.

The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.


Definition

Magellan Midstream Partners LP's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=20073.375/1179.553
=17.02

Magellan Midstream Partners LP's current Enterprise Value is $20,073 Mil.
Magellan Midstream Partners LP's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2017 was 273.402 (Jun. 2016 ) + 284.656 (Sep. 2016 ) + 303.602 (Dec. 2016 ) + 317.893 (Mar. 2017 ) = $1,180 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

Magellan Midstream Partners LP's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=69.63/3.58
=19.45

Magellan Midstream Partners LP's share price for today is $69.63.
Magellan Midstream Partners LP's Earnings Per Share for the trailing twelve months (TTM) ended in Mar. 2017 was 0.82 (Jun. 2016 ) + 0.85 (Sep. 2016 ) + 0.93 (Dec. 2016 ) + 0.98 (Mar. 2017 ) = $3.58.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Study has found that the companies with the lowest EV/EBITDA outperforms companies measured as cheap by other ratios such as P/E Ratio.

Please read Which price ratio outperforms the enterprise multiple?


Related Terms

Enterprise Value, Earnings Before Depreciation and Amortization, P/E Ratio


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Magellan Midstream Partners LP Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebitda 10.458.8613.2915.9815.0917.4320.0619.2416.6518.51

Magellan Midstream Partners LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebitda 19.2419.0918.0314.5316.6516.6017.9017.7818.5118.43
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