Yes, Python has a ternary conditional operator, also known as a ternary operator or a conditional expression. It allows you to write a simple if-else statement in a single line.

The syntax for the ternary operator in Python is:

 value_if_true if condition else value_if_false 

Here, condition is an expression that is evaluated to a boolean value, and value_if_true and value_if_false are the values returned if the condition is True or False, respectively.

For example, you can use the ternary operator to assign a value to a variable based on a condition, like this:

x = 5
y = 10

max_value = x if x > y else y
print(max_value) # output: 10

In the example above, the ternary operator checks if the value of x is greater than the value of y. If it is, it assigns the value of x to the variable max_value; otherwise, it assigns the value of y.