Start with its own history
At 84.46×, NS is 249.5% above its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · NSOil & Gas MidstreamUpdated Nov 4, 2026
NuStar Energy L.P. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
84.46×
249.5% abovethe 9-observation annual average
Share price21.96
÷Earnings per share0.26
Price and EPS in quote currency. Calculation details
Investors are paying 84.46 for every 1 of reported earnings per share.
P/E over time
2014 – 2023
Annual P/ESelected-period average 24.17×
3-year average39.50×3 positive annual observations
5-year average32.99×4 positive annual observations
10-year average24.17×9 positive annual observations
Peer median · TTM9.08×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 23 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2023 | 25.94× | -41.6% |
| Dec 31, 2022 | 44.44× | -7.6% |
| Dec 31, 2021 | 48.12× | N/M |
| Dec 31, 2020 | N/M | N/M |
| Dec 31, 2019 | 13.46× | +33.2% |
| Dec 31, 2018 | 10.11× | -43.6% |
| Dec 31, 2017 | 17.93× | -30.9% |
| Dec 31, 2016 | 25.94× | +154.8% |
View all 23 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2015 | 10.18× | -52.4% |
| Dec 31, 2014 | 21.39× | N/M |
| Dec 31, 2013 | N/M | N/M |
| Dec 31, 2012 | N/M | N/M |
| Dec 31, 2011 | 16.62× | -9.1% |
| Dec 31, 2010 | 18.28× | +32.7% |
| Dec 31, 2009 | 13.78× | +60.4% |
| Dec 31, 2008 | 8.59× | -48.6% |
| Dec 31, 2007 | 16.71× | -4.4% |
| Dec 31, 2006 | 17.48× | +7.1% |
| Dec 31, 2005 | 16.33× | -6.6% |
| Dec 31, 2004 | 17.48× | +12.7% |
| Dec 31, 2003 | 15.50× | +11.7% |
| Dec 31, 2002 | 13.88× | -17.2% |
| Dec 31, 2001 | 16.76× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How NS compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 NS This stockNuStar Energy L.P. | 84.46× |
 HEPHolly Energy Partners, L.P. | 9.93× |
 CEQPCrestwood Equity Partners LP | 38.71× |
 EURNEuronav N.V. | 5.92× |
 ESTEEarthstone Energy, Inc. | 3.05× |
 RTLRRattler Midstream LP | 17.70× |
 REGIRenewable Energy Group, Inc. | 13.73× |
 NEXNexTier Oilfield Solutions Inc. | 8.22× |
 CPECallon Petroleum Company | 5.77× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does NS’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 9.08×. 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 NS 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("NS", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 21.96 ÷ EPS 0.26 = 84.46×. 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.
NS P/E ratio: common questions
The essentials behind the numbers.
NuStar Energy L.P.'s current P/E is 84.46× 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.