ET PE Ratio & Valuation,Is ET Overvalued

ET Relative Valuation

ET's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ET is overvalued; if below, it's undervalued.

Historical Valuation

Energy Transfer LP (ET) is now in the Fair zone, suggesting that its current forward PE ratio of 11.58 is considered Fairly compared with the five-year average of 9.54. The fair price of Energy Transfer LP (ET) is between 13.13 to 18.98 according to relative valuation methord.

Relative Value

Fair Zone

13.13-18.98

Current Price：16.54

Fair

11.58

7.82

EV/EBITDA

Energy Transfer LP. (ET) has a current EV/EBITDA of 7.82. The 5-year average EV/EBITDA is 7.72. The thresholds are as follows: Strongly Undervalued below 6.72, Undervalued between 6.72 and 7.22, Fairly Valued between 8.22 and 7.22, Overvalued between 8.22 and 8.72, and Strongly Overvalued above 8.72. The current Forward EV/EBITDA of 7.82 falls within the Historic Trend Line -Fairly Valued range.

12.71

EV/EBIT

Energy Transfer LP. (ET) has a current EV/EBIT of 12.71. The 5-year average EV/EBIT is 12.31. The thresholds are as follows: Strongly Undervalued below 10.40, Undervalued between 10.40 and 11.36, Fairly Valued between 13.27 and 11.36, Overvalued between 13.27 and 14.23, and Strongly Overvalued above 14.23. The current Forward EV/EBIT of 12.71 falls within the Historic Trend Line -Fairly Valued range.

0.55

Energy Transfer LP. (ET) has a current PS of 0.55. The 5-year average PS is 0.49. The thresholds are as follows: Strongly Undervalued below 0.25, Undervalued between 0.25 and 0.37, Fairly Valued between 0.61 and 0.37, Overvalued between 0.61 and 0.73, and Strongly Overvalued above 0.73. The current Forward PS of 0.55 falls within the Historic Trend Line -Fairly Valued range.

4.23

P/OCF

Energy Transfer LP. (ET) has a current P/OCF of 4.23. The 5-year average P/OCF is 4.10. The thresholds are as follows: Strongly Undervalued below 2.10, Undervalued between 2.10 and 3.10, Fairly Valued between 5.10 and 3.10, Overvalued between 5.10 and 6.10, and Strongly Overvalued above 6.10. The current Forward P/OCF of 4.23 falls within the Historic Trend Line -Fairly Valued range.

15.78

P/FCF

Energy Transfer LP. (ET) has a current P/FCF of 15.78. The 5-year average P/FCF is 8.30. The thresholds are as follows: Strongly Undervalued below 0.72, Undervalued between 0.72 and 4.51, Fairly Valued between 12.10 and 4.51, Overvalued between 12.10 and 15.89, and Strongly Overvalued above 15.89. The current Forward P/FCF of 15.78 falls within the Overvalued range.

Energy Transfer LP (ET) has a current Price-to-Book (P/B) ratio of 1.82. Compared to its 3-year average P/B ratio of 1.73 , the current P/B ratio is approximately 4.98% higher. Relative to its 5-year average P/B ratio of 1.52, the current P/B ratio is about 19.25% higher. Energy Transfer LP (ET) has a Forward Free Cash Flow (FCF) yield of approximately 8.82%. Compared to its 3-year average FCF yield of 12.72%, the current FCF yield is approximately -30.70% lower. Relative to its 5-year average FCF yield of 16.45% , the current FCF yield is about -46.40% lower.

1.82

P/B

Median3y

1.73

Median5y

1.52

8.82

FCF Yield

Median3y

12.72

Median5y

16.45

Competitors Valuation Multiple

The average P/S ratio for ET's competitors is 2.86, providing a benchmark for relative valuation. Energy Transfer LP Corp (ET) exhibits a P/S ratio of 0.55, which is -80.84% above the industry average. Given its robust revenue growth of -3.94%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of ET decreased by 14.10% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from 13.76 to 13.22.

The secondary factor is the Revenue Growth, contributed -3.94%to the performance.

Overall, the performance of ET in the past 1 year is driven by P/E Change. Which is more unsustainable.

-3.94%

20.77B → 19.95B

Revenue Growth

-6.23%

6.90 → 6.47

Margin Expansion

-3.93%

13.76 → 13.22

P/E Change

-14.10%

19.28 → 16.56

Mkt Cap Growth

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Frequently Asked Questions

Is Energy Transfer LP (ET) currently overvalued or undervalued?

What is Energy Transfer LP (ET) fair value?

ET's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Energy Transfer LP (ET) is between 13.13 to 18.98 according to relative valuation methord.

How does ET's valuation metrics compare to the industry average?

What is the current P/B ratio for Energy Transfer LP (ET) as of Dec 15 2025?

As of Dec 15 2025, Energy Transfer LP (ET) has a P/B ratio of 1.82. This indicates that the market values ET at 1.82 times its book value.

What is the current FCF Yield for Energy Transfer LP (ET) as of Dec 15 2025?

As of Dec 15 2025, Energy Transfer LP (ET) has a FCF Yield of 8.82%. This means that for every dollar of Energy Transfer LP’s market capitalization, the company generates 8.82 cents in free cash flow.

What is the current Forward P/E ratio for Energy Transfer LP (ET) as of Dec 15 2025?

As of Dec 15 2025, Energy Transfer LP (ET) has a Forward P/E ratio of 11.58. This means the market is willing to pay $11.58 for every dollar of Energy Transfer LP’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Energy Transfer LP (ET) as of Dec 15 2025?

As of Dec 15 2025, Energy Transfer LP (ET) has a Forward P/S ratio of 0.55. This means the market is valuing ET at $0.55 for every dollar of expected revenue over the next 12 months.

ET Valuation