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Magellan Midstream Partners LP PE Ratio

: 10.95 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2022-07-05), Magellan Midstream Partners LP's share price is $46.66. Magellan Midstream Partners LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2022 was $4.26. Therefore, Magellan Midstream Partners LP's PE Ratio for today is 10.95.

Good Sign:

Magellan Midstream Partners LP stock PE Ratio (=11.31) is close to 1-year low of 10.48

During the past 13 years, Magellan Midstream Partners LP's highest PE Ratio was 27.52. The lowest was 6.18. And the median was 18.41.

Magellan Midstream Partners LP's EPS (Diluted) for the three months ended in Mar. 2022 was $0.78. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2022 was $4.26.

As of today (2022-07-05), Magellan Midstream Partners LP's share price is $46.66. Magellan Midstream Partners LP's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2022 was $4.05. Therefore, Magellan Midstream Partners LP's PE Ratio without NRI ratio for today is 11.52.

During the past 13 years, Magellan Midstream Partners LP's highest PE Ratio without NRI was 27.52. The lowest was 6.18. And the median was 18.41.

Magellan Midstream Partners LP's EPS without NRI for the three months ended in Mar. 2022 was $0.76. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2022 was $4.05.

During the past 12 months, Magellan Midstream Partners LP's average EPS without NRI Growth Rate was 24.60% per year. During the past 3 years, the average EPS without NRI Growth Rate was -10.10% per year. During the past 5 years, the average EPS without NRI Growth Rate was 1.10% per year. During the past 10 years, the average EPS without NRI Growth Rate was 8.70% per year.

During the past 13 years, Magellan Midstream Partners LP's highest 3-Year average EPS without NRI Growth Rate was 84.00% per year. The lowest was -17.10% per year. And the median was 11.20% per year.

Magellan Midstream Partners LP's EPS (Basic) for the three months ended in Mar. 2022 was $0.78. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2022 was $4.26.

Back to Basics: PE Ratio


Magellan Midstream Partners LP PE Ratio Historical Data

The historical data trend for Magellan Midstream Partners LP's PE 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
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.62 9.77 14.10 11.72 10.39

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
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.98 12.20 10.98 10.39 11.52

Competitive Comparison

For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP's PE Ratio, along with its competitors' market caps and PE 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 PE Ratio Distribution

For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's PE Ratio distribution charts can be found below:

* The bar in red indicates where Magellan Midstream Partners LP's PE Ratio falls into.



Magellan Midstream Partners LP PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Magellan Midstream Partners LP's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=46.66/4.260
=10.95

Magellan Midstream Partners LP's Share Price of today is $46.66.
Magellan Midstream Partners LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.26.


* 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:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Magellan Midstream Partners LP  (NYSE:MMP) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Magellan Midstream Partners LP PE Ratio Related Terms

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Magellan Midstream Partners LP Business Description

Magellan Midstream Partners LP logo
Industry
Energy » Oil & Gas NAICS : 486110 SIC : 4612
Traded in Other Exchanges
N/A
Address
One Williams Center, P.O. Box 22186, Tulsa, OK, USA, 74121-2186
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.
Executives
Joung Chansoo director C/O WARBURG PINCUS LLC 450 LEXINGTON AVENUE NEW YORK NY 10017
Guay Edward J director ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172
Gobillot Lori director 5103 CITY WEST BLVD. 4TH FLOOR HOUSTON TX 77042
Arnheim Walter R director ONE WILLIAMS CENTER, MD 28-1 TULSA OK 74172
Croyle Robert G director ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Pearl Barry R director P.O. BOX 2521 HOUSTON TX 77252-2521
Montague James R director FIVE RADNOR CORPORATE CENTER SUITE 500 RADNOR PA 19087
May Douglas J officer: Senior Vice President ONE WILLIAMS CENTER, SUITE 4100 TULSA OK 74172
Selvidge Jeff R officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Little Melanie A officer: Senior Vice President ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172
Pearson Michael C officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Holman Jeffrey L officer: Senior Vice President & CFO ONE WILLIAMS CENTER TULSA OK 74172
Milford Aaron L officer: Chief Operating Officer ONE WILLIAMS CENTER TULSA OK 74172
Barnes Robert L officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Aaronson Michael officer: Senior Vice President 16666 NORTHCHASE DRIVE HOUSTON TX 77060

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