The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2022-07-05), Magellan Midstream Partners LP's share price is $46.08. Magellan Midstream Partners LP's Book Value per Share for the quarter that ended in Mar. 2022 was $8.52. Hence, Magellan Midstream Partners LP's PB Ratio of today is 5.41.
The historical rank and industry rank for Magellan Midstream Partners LP's PB Ratio or its related term are showing as below:
MMP'
s PB Ratio Range Over the Past 10 Years
Min: 2.63 Med: 6.93 Max: 10.95
Current: 5.42
During the past 13 years, Magellan Midstream Partners LP's highest PB Ratio was 10.95. The lowest was 2.63. And the median was 6.93.
MMP's PB Ratio is ranked worse than 91.21% of 990
companies
in the Oil & Gas industry
Industry Median: 1.32
vs MMP: 5.42
During the past 12 months, Magellan Midstream Partners LP's average Book Value Per Share Growth Rate was -17.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -8.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Magellan Midstream Partners LP was 134.10% per year. The lowest was -56.40% per year. And the median was 5.20% per year.
Back to Basics: PB Ratio
Magellan Midstream Partners LP PB Ratio Historical Data
The historical data trend for Magellan Midstream Partners LP's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Magellan Midstream Partners LP Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
PB Ratio
7.60
4.93
5.29
4.11
5.19
Magellan Midstream Partners LP Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
PB Ratio
4.21
4.74
5.08
5.19
5.76
Competitive Comparison
For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Magellan Midstream Partners LP PB Ratio Distribution
For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's PB Ratio distribution charts can be found below:
* The bar in red indicates where Magellan Midstream Partners LP's PB Ratio falls into.
Magellan Midstream Partners LP PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Magellan Midstream Partners LP's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Magellan Midstream Partners LP (NYSE:MMP) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Magellan Midstream Partners LP PB Ratio Related Terms
Thank you for viewing the detailed overview of Magellan Midstream Partners LP's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Midstream Partners LP Business Description
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
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