NGL Energy Partners LP (NGL) P/E Ratio History
Deep ValueTrading at -4.6x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 2013–2026
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P/E Ratio Analysis
As of June 21, 2026, NGL Energy Partners LP (NGL) trades at a price-to-earnings ratio of -4.6x, with a stock price of $15.99 and trailing twelve-month earnings per share of $-1.42.
The current P/E is 107% below its 5-year average of 62.4x. Over the past five years, NGL's P/E has ranged from a low of 3.3x to a high of 218.6x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Energy sector median P/E of 15.5x, NGL trades at a 130% discount to its sector peers. The sector includes 173 companies with P/E ratios ranging from 1.6x to 166.4x.
Relative to the broader market, NGL trades at a notable discount to the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NGL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NGL Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NGL P/E vs Peers
Produced Water and Environmental Services peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $840M | 20.2 | - | +110% | |
| $17B | 14.3 | 0.70Best | -25% | |
| $8B | 12.9 | 0.76 | +15% | |
| $3B | 29.5 | - | +18% | |
| $65B | 13.9 | - | +5% | |
| $79B | 13.8 | 1.49 | -1% | |
| $15B | 12.9Lowest | - | +127%Best | |
| $52B | 32.2 | - | -34% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NGL Historical P/E Data (2013–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Dec 31 2025 | $10.00 | $0.32 | 30.8x | -51% |
| FY2020 Q1 | Jun 30 2019 | $14.77 | $4.14 | 3.6x | -94% |
| FY2019 Q4 | Mar 31 2019 | $14.03 | $2.68 | 5.2x | -92% |
| FY2019 Q3 | Dec 31 2018 | $9.59 | $2.90 | 3.3x | -95% |
| FY2019 Q2 | Sep 30 2018 | $11.60 | $2.47 | 4.7x | -92% |
| FY2017 Q4 | Mar 31 2017 | $22.60 | $0.97 | 23.3x | -63% |
| FY2016 Q3 | - | $11.04 | $0.55 | 20.1x | -68% |
| FY2016 Q2 | Sep 30 2015 | $19.97 | $0.21 | 95.1x | +52% |
| FY2016 Q1 | - | $30.33 | $0.25 | 121.3x | +94% |
| FY2015 Q4 | - | $26.23 | $0.12 | 218.6x | +250% |
| FY2015 Q2 | - | $39.37 | $0.19 | 207.2x | +232% |
| FY2015 Q1 | Jun 30 2014 | $43.34 | $0.39 | 110.0x | +76% |
| FY2014 Q4 | Mar 31 2014 | $37.53 | $0.56 | 66.5x | +7% |
| FY2014 Q3 | - | $34.50 | $0.42 | 81.4x | +30% |
| FY2014 Q2 | Sep 30 2013 | $30.84 | $0.90 | 34.1x | -45% |
| FY2014 Q1 | Jun 30 2013 | $30.19 | $1.10 | 27.4x | -56% |
| FY2013 Q4 | Mar 31 2013 | $26.90 | $0.54 | 49.8x | -20% |
| FY2013 Q3 | Dec 31 2012 | $23.32 | $0.92 | 25.3x | -59% |
| FY2013 Q2 | Sep 30 2012 | $24.04 | $0.41 | 58.6x | -6% |
Average P/E for displayed period: 62.4x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NGL — Frequently Asked Questions
Quick answers to the most common questions about buying NGL stock.
What is NGL's P/E ratio?
NGL Energy Partners LP (NGL) trailing twelve-month P/E ratio is -4.6x, based on TTM diluted EPS of $-1.42. The 5-year average P/E is 62.4x and the historical range spans 3.3x to 218.6x.
Is NGL stock overvalued or undervalued?
NGL trades at -4.6x P/E, below its 5-year average of 62.4x. At the 0th percentile of its historical range (3.3x–218.6x), the stock is priced at a discount to its own history.
Is NGL stock expensive?
No, NGL is not expensive on a historical basis. The current P/E of -4.6x is below the 5-year average of 62.4x and sits at the 0th percentile of its valuation range.
What is NGL's historical P/E range?
Over the past 5 years, NGL's P/E ratio has ranged from 3.3x to 218.6x, with a median of 34.1x and an average of 62.4x. The current P/E of -4.6x places the stock at the 0th percentile of this range. Full historical data spans 2013–2026.
How does NGL's P/E compare to the S&P 500?
NGL trades at -4.6x P/E versus the S&P 500 median of 24.4x. The 119% discount to the market suggests lower growth expectations or perceived higher risk.
How does NGL's valuation compare to Energy peers?
NGL Energy Partners LP P/E of -4.6x compares to the Energy sector median of 15.5x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NGL's PEG ratio?
NGL PEG ratio is N/A, based on a P/E of -4.6x and EPS growth of -481.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is NGL's earnings yield?
NGL earnings yield is N/A, the inverse of its -4.6x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.