Start with its own history
At 7.75×, DCP is 79.7% below its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · DCPOil & Gas MidstreamUpdated Nov 4, 2026
DCP Midstream, LP P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
7.75×
79.7% belowthe 9-observation annual average
Share price41.69
÷Earnings per share5.38
Price and EPS in quote currency. Calculation details
Investors are paying 7.75 for every 1 of reported earnings per share.
P/E over time
2013 – 2022
Annual P/ESelected-period average 38.09×
3-year average12.48×2 positive annual observations
5-year average65.08×4 positive annual observations
10-year average38.09×9 positive annual observations
Peer median · TTM7.87×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 18 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2022 | 7.68× | -55.6% |
| Dec 31, 2021 | 17.28× | N/M |
| Dec 31, 2020 | N/M | N/M |
| Dec 31, 2019 | 222.64× | +1648.1% |
| Dec 31, 2018 | 12.74× | -43.9% |
| Dec 31, 2017 | 22.71× | +60.9% |
| Dec 31, 2016 | 14.11× | +13.8% |
| Dec 31, 2015 | 12.40× | +8.3% |
View all 18 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2014 | 11.44× | -47.5% |
| Dec 31, 2013 | 21.80× | +60.8% |
| Dec 31, 2012 | 13.56× | -34.0% |
| Dec 31, 2011 | 20.55× | -26.9% |
| Dec 31, 2010 | 28.12× | N/M |
| Dec 31, 2009 | N/M | N/M |
| Dec 31, 2008 | 3.31× | N/M |
| Dec 31, 2007 | N/M | N/M |
| Dec 31, 2006 | 8.40× | -25.6% |
| Dec 31, 2005 | 11.29× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How DCP compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 DCP This stockDCP Midstream, LP | 7.75× |
 EXEExpand Energy Corporation | 7.51× |
 ENLCEnLink Midstream, LLC | 31.38× |
 DINOHF Sinclair Corporation | 5.29× |
 EXEEZExpand Energy Corporation | 8.23× |
 EXEELExpand Energy Corporation | 1.30× |
 ETRNEquitrans Midstream Corporation | 12.06× |
 CEOCNOOC Limited | 6.89× |
 CEQPCrestwood Equity Partners LP | 38.71× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does DCP’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 7.87×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take DCP into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("DCP", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 41.69 ÷ EPS 5.38 = 7.75×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
DCP P/E ratio: common questions
The essentials behind the numbers.
DCP Midstream, LP's current P/E is 7.75× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.