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 11.78 is considered Fairly compared with the five-year average of 9.51. The fair price of Energy Transfer LP (ET) is between 12.44 to 18.27 according to relative valuation methord.
Relative Value
Fair Zone
12.44-18.27
Current Price：16.71
Fair
11.75
PE
1Y
3Y
5Y
Trailing
Forward
7.85
EV/EBITDA
Energy Transfer LP. (ET) has a current EV/EBITDA of 7.85. 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 7.85 falls within the Historic Trend Line -Fairly Valued range.
12.76
EV/EBIT
Energy Transfer LP. (ET) has a current EV/EBIT of 12.76. The 5-year average EV/EBIT is 12.32. The thresholds are as follows: Strongly Undervalued below 10.39, Undervalued between 10.39 and 11.36, Fairly Valued between 13.28 and 11.36, Overvalued between 13.28 and 14.24, and Strongly Overvalued above 14.24. The current Forward EV/EBIT of 12.76 falls within the Historic Trend Line -Fairly Valued range.
0.55
PS
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.
4.27
P/OCF
Energy Transfer LP. (ET) has a current P/OCF of 4.27. The 5-year average P/OCF is 4.09. The thresholds are as follows: Strongly Undervalued below 2.08, Undervalued between 2.08 and 3.09, Fairly Valued between 5.10 and 3.09, Overvalued between 5.10 and 6.11, and Strongly Overvalued above 6.11. The current Forward P/OCF of 4.27 falls within the Historic Trend Line -Fairly Valued range.
15.92
P/FCF
Energy Transfer LP. (ET) has a current P/FCF of 15.92. The 5-year average P/FCF is 8.24. The thresholds are as follows: Strongly Undervalued below 0.72, Undervalued between 0.72 and 4.48, Fairly Valued between 12.00 and 4.48, Overvalued between 12.00 and 15.76, and Strongly Overvalued above 15.76. The current Forward P/FCF of 15.92 falls within the Strongly Overvalued range.
Energy Transfer LP (ET) has a current Price-to-Book (P/B) ratio of 1.83. Compared to its 3-year average P/B ratio of 1.73 , the current P/B ratio is approximately 6.29% higher. Relative to its 5-year average P/B ratio of 1.52, the current P/B ratio is about 20.72% higher. Energy Transfer LP (ET) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 12.81%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 16.45% , the current FCF yield is about -100.00% lower.
1.84
P/B
Median3y
1.73
Median5y
1.52
8.74
FCF Yield
Median3y
12.81
Median5y
16.45
Competitors Valuation Multiple
The average P/S ratio for ET's competitors is , providing a benchmark for relative valuation. Energy Transfer LP Corp (ET) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -3.94%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of ET decreased by 12.85% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from 13.79 to 13.42.
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.
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FAQ
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