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Magellan Midstream Partners LP PS Ratio

: 3.59 (As of Today)
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The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Magellan Midstream Partners LP's share price is $46.02. Magellan Midstream Partners LP's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2022 was $12.81. Hence, Magellan Midstream Partners LP's PS Ratio for today is 3.59.

The historical rank and industry rank for Magellan Midstream Partners LP's PS Ratio or its related term are showing as below:

MMP' s PS Ratio Range Over the Past 10 Years
Min: 2.47   Med: 6.04   Max: 8.84
Current: 3.59

During the past 13 years, Magellan Midstream Partners LP's highest PS Ratio was 8.84. The lowest was 2.47. And the median was 6.04.

MMP's PS Ratio is ranked worse than
80.02% of 986 companies
in the Oil & Gas industry
Industry Median: 1.24 vs MMP: 3.59

Magellan Midstream Partners LP's Revenue per Sharefor the three months ended in Mar. 2022 was $3.17. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2022 was $12.81.

Good Sign:

Magellan Midstream Partners LP has shown predictable revenue and earnings growth.

During the past 12 months, the average Revenue per Share Growth Rate of Magellan Midstream Partners LP was 30.40% per year. During the past 3 years, the average Revenue per Share Growth Rate was 0.20% per year. During the past 5 years, the average Revenue per Share Growth Rate was 2.80% per year. During the past 10 years, the average Revenue per Share Growth Rate was 4.50% per year.

During the past 13 years, Magellan Midstream Partners LP's highest 3-Year average Revenue per Share Growth Rate was 29.40% per year. The lowest was -15.70% per year. And the median was 4.10% per year.

Back to Basics: PS Ratio


Magellan Midstream Partners LP PS Ratio Historical Data

The historical data trend for Magellan Midstream Partners LP's PS 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
PS Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.46 4.61 5.53 4.12 3.73

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
PS 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 4.41 4.53 4.08 3.73 3.83

Competitive Comparison

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

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

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



Magellan Midstream Partners LP PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

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

PS Ratio=Share Price/Revenue per Share (TTM)
=46.02/12.805
=3.59

Magellan Midstream Partners LP's Share Price of today is $46.02.
Magellan Midstream Partners LP's Revenue per Share 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 $12.81.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.


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

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS 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

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


Magellan Midstream Partners LP PS Ratio Related Terms

Thank you for viewing the detailed overview of Magellan Midstream Partners LP's PS 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 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

Magellan Midstream Partners LP Headlines

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