Energy Transfer LP
NYSE:ET

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Energy Transfer LP
NYSE:ET
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Price: 18.88 USD 1.51% Market Closed
Market Cap: 64.8B USD

Relative Value

The Relative Value of one ET stock under the Base Case scenario is 32.34 USD. Compared to the current market price of 18.88 USD, Energy Transfer LP is Undervalued by 42%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ET Relative Value
Base Case
32.34 USD
Undervaluation 42%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
6
vs Industry
65
Median 3Y
0.5
Median 5Y
0.4
Industry
1.2
Forward
0.7
vs History
6
vs Industry
14
Median 3Y
10.3
Median 5Y
8
Industry
10
Forward
11.7
vs History
6
vs Industry
25
Median 3Y
3.8
Median 5Y
3.4
Industry
4.9
vs History
66
vs Industry
33
Median 3Y
6.2
Median 5Y
6.2
Industry
9.9
vs History
6
vs Industry
30
Median 3Y
1.2
Median 5Y
0.9
Industry
1.2
vs History
12
vs Industry
55
Median 3Y
1.1
Median 5Y
1.2
Industry
1.7
Forward
1.3
vs History
6
vs Industry
33
Median 3Y
4.9
Median 5Y
4.7
Industry
4.5
vs History
6
vs Industry
20
Median 3Y
7
Median 5Y
6.7
Industry
5.9
Forward
7.3
vs History
6
vs Industry
17
Median 3Y
10.9
Median 5Y
10.2
Industry
8.3
Forward
11.3
vs History
6
vs Industry
16
Median 3Y
9.1
Median 5Y
8.6
Industry
6.4
vs History
28
vs Industry
18
Median 3Y
13.9
Median 5Y
14.4
Industry
10.8
vs History
6
vs Industry
41
Median 3Y
0.8
Median 5Y
0.8
Industry
0.9

Multiples Across Competitors

ET Competitors Multiples
Energy Transfer LP Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Energy Transfer LP
NYSE:ET
64.6B USD 0.8 14.7 8.7 13.5
CA
Enbridge Inc
TSX:ENB
138B CAD 2.6 27.3 15.4 23.5
US
Williams Companies Inc
NYSE:WMB
74.5B USD 7.1 33.5 17.9 29.8
US
Enterprise Products Partners LP
NYSE:EPD
72.9B USD 1.3 12.5 11 14.8
US
Kinder Morgan Inc
NYSE:KMI
63.8B USD 4.2 24.6 13.9 21.3
US
ONEOK Inc
NYSE:OKE
59.7B USD 2.7 19.7 14.5 17.8
US
MPLX LP
NYSE:MPLX
54.8B USD 4.6 12.8 11.1 13.8
US
Cheniere Energy Inc
NYSE:LNG
52.3B USD 3.3 16.1 9.9 11.9
CA
TC Energy Corp
TSX:TRP
73.3B CAD 5.3 16 15 22.2
US
Targa Resources Corp
NYSE:TRGP
44.6B USD 2.7 35.2 14.1 21.6
US
Cheniere Energy Partners LP
NYSE:CQP
30.2B USD 3.5 14.7 11.2 13.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Energy Transfer LP
NYSE:ET
Average EV/EBIT: 18.5
13.5
9%
1.5
CA
Enbridge Inc
TSX:ENB
23.5
11%
2.1
US
Williams Companies Inc
NYSE:WMB
29.8
15%
2
US
Enterprise Products Partners LP
NYSE:EPD
14.8
7%
2.1
US
Kinder Morgan Inc
NYSE:KMI
21.3
13%
1.6
US
ONEOK Inc
NYSE:OKE
17.8
14%
1.3
US
MPLX LP
NYSE:MPLX
13.8
6%
2.3
US
Cheniere Energy Inc
NYSE:LNG
11.9
0%
N/A
CA
TC Energy Corp
TSX:TRP
22.2
16%
1.4
US
Targa Resources Corp
NYSE:TRGP
21.6
16%
1.4
US
Cheniere Energy Partners LP
NYSE:CQP
13.7
-1%
N/A