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DT Midstream Inc
NYSE:DTM

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DT Midstream Inc
NYSE:DTM
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Price: 132.15 USD -1.56% Market Closed
Market Cap: $13.5B

EV/EBIT

26.7
Current
30%
More Expensive
vs 3-y average of 20.6

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
26.7
=
Enterprise Value
$17.4B
/
EBIT
$614m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
26.7
=
Enterprise Value
$17.4B
/
EBIT
$614m

Valuation Scenarios

DT Midstream Inc is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (20.6), the stock would be worth $101.71 (23% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-55%
Maximum Upside
No Upside Scenarios
Average Downside
34%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 26.7 $132.15
0%
3-Year Average 20.6 $101.71
-23%
5-Year Average 17.9 $88.75
-33%
Industry Average 12.1 $59.67
-55%
Country Average 19.6 $97.03
-27%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
$17.4B
/
Jan 2026
$614m
=
26.7
Current
$17.4B
/
Dec 2026
$698.2m
=
24.9
Forward
$17.4B
/
Dec 2027
$749.8m
=
23.2
Forward
$17.4B
/
Dec 2028
$828.4m
=
21
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
US
DT Midstream Inc
NYSE:DTM
13.4B USD 26.7 29.7
CA
Enbridge Inc
TSX:ENB
157.3B CAD 22.5 22
US
Williams Companies Inc
NYSE:WMB
86.7B USD 26 33.1
US
Enterprise Products Partners LP
NYSE:EPD
79.8B USD 16.1 13.9
US
Kinder Morgan Inc
NYSE:KMI
71.1B USD 21.5 23.3
US
Energy Transfer LP
NYSE:ET
65.1B USD 14.2 15.6
CA
TC Energy Corp
TSX:TRP
86.3B CAD 21.2 25.4
US
MPLX LP
NYSE:MPLX
56.7B USD 13.3 11.6
US
Cheniere Energy Inc
NYSE:LNG
53B USD 8.3 10
US
ONEOK Inc
NYSE:OKE
52.8B USD 14.5 15.5
US
Targa Resources Corp
NYSE:TRGP
49.7B USD 19.9 27
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
DT Midstream Inc
NYSE:DTM
Average EV/EBIT: 18.6
26.7
10%
2.7
CA
Enbridge Inc
TSX:ENB
22.5
8%
2.8
US
Williams Companies Inc
NYSE:WMB
26
14%
1.9
US
Enterprise Products Partners LP
NYSE:EPD
16.1
9%
1.8
US
Kinder Morgan Inc
NYSE:KMI
21.5
8%
2.7
US
Energy Transfer LP
NYSE:ET
14.2
10%
1.4
CA
TC Energy Corp
TSX:TRP
21.2
12%
1.8
US
MPLX LP
NYSE:MPLX
13.3
4%
3.3
US
Cheniere Energy Inc
NYSE:LNG
8.3
-12%
N/A
US
ONEOK Inc
NYSE:OKE
14.5
6%
2.4
US
Targa Resources Corp
NYSE:TRGP
19.9
11%
1.8

Market Distribution

In line with most companies in the United States of America
Percentile
68th
Based on 8 638 companies
68th percentile
26.7
Low
0 — 13.6
Typical Range
13.6 — 27.8
High
27.8 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 13.6
Median 19.6
70th Percentile 27.8
Max 1 826 183.2

DT Midstream Inc
Glance View

DT Midstream Inc. stands as a pivotal player in the realm of energy infrastructure, strategically positioned in the heart of North America's natural gas industry. Emerging from the well-established roots of DTE Energy, the company was spun off in 2021, taking with it a rich lineage of experience and expertise. DT Midstream's operations are intricately woven around the transportation and storage of natural gas, a critical component for ensuring energy reliability and delivery across vast regions. With an extensive network of natural gas pipelines and storage systems, the company effectively connects major supply basins with key markets and customers. This comprehensive infrastructure network enables it to facilitate the seamless movement of gas, providing essential services to various stakeholders including utilities, power plants, and industrial facilities. Revenue generation for DT Midstream is predominantly driven by its fee-based business model, where the company earns from capacity reservations and volumetric throughput. This stable income stream is structured through long-term contracts, insulating the company from the volatile swings of commodity prices. By focusing on expanding and optimizing its existing assets, DT Midstream seeks to capture growth opportunities that align with increasing demand for cleaner energy sources. As natural gas continues to play a significant role in the transition toward a low-carbon future, DT Midstream is poised to maintain and potentially grow its position as a vital conduit within the energy sector, combining strategic operations with forward-thinking initiatives to cater to evolving market needs.

DTM Intrinsic Value
64.81 USD
Overvaluation 51%
Intrinsic Value
Price $132.15
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