Energy Transfer LP
NYSE:ET

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Energy Transfer LP
NYSE:ET
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Price: 18.98 USD 0.64%
Market Cap: 65B USD
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Relative Value

The Relative Value of one ET stock under the Base Case scenario is 31.44 USD. Compared to the current market price of 18.98 USD, Energy Transfer LP is Undervalued by 40%.

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
31.44 USD
Undervaluation 40%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
65
Median 3Y
0.5
Median 5Y
0.4
Industry
1.2
Forward
0.7
vs History
7
vs Industry
14
Median 3Y
10.7
Median 5Y
8.9
Industry
9.4
Forward
12.7
vs History
1
vs Industry
25
Median 3Y
4.1
Median 5Y
3.7
Industry
4.7
vs History
55
vs Industry
33
Median 3Y
8.3
Median 5Y
7.2
Industry
9.7
vs History
1
vs Industry
30
Median 3Y
1.2
Median 5Y
1.1
Industry
1.1
vs History
11
vs Industry
55
Median 3Y
1.1
Median 5Y
1.3
Industry
1.7
Forward
1.4
vs History
1
vs Industry
33
Median 3Y
5
Median 5Y
4.9
Industry
4.3
vs History
1
vs Industry
20
Median 3Y
7.2
Median 5Y
7
Industry
5.8
Forward
7.7
vs History
1
vs Industry
17
Median 3Y
11.1
Median 5Y
10.6
Industry
8.3
Forward
11.9
vs History
1
vs Industry
16
Median 3Y
9.4
Median 5Y
8.9
Industry
6.3
vs History
28
vs Industry
18
Median 3Y
14.4
Median 5Y
14.9
Industry
10.4
vs History
1
vs Industry
41
Median 3Y
0.9
Median 5Y
0.8
Industry
0.9

Multiples Across Competitors

ET Competitors Multiples
Energy Transfer LP Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Energy Transfer LP
NYSE:ET
64.1B USD 0.8 14.1 8.9 13.6
CA
Enbridge Inc
TSX:ENB
129.4B CAD 2.7 20.5 15.3 23.6
US
Enterprise Products Partners LP
NYSE:EPD
66.9B USD 1.2 11.5 10.3 13.9
US
Williams Companies Inc
NYSE:WMB
65.2B USD 6.2 22.6 15.3 24.5
US
Kinder Morgan Inc
NYSE:KMI
59.6B USD 3.9 23.5 13.5 20.8
US
ONEOK Inc
NYSE:OKE
57.9B USD 2.9 20.8 15 18.5
US
MPLX LP
NYSE:MPLX
48.1B USD 4.1 11.2 9.9 12.2
CA
TC Energy Corp
TSX:TRP
68.4B CAD 4.1 13.4 13.4 18.9
US
Cheniere Energy Inc
NYSE:LNG
46.5B USD 2.9 12.8 8.3 9.8
US
Targa Resources Corp
NYSE:TRGP
37.4B USD 2.4 31.1 12.7 19.4
US
Cheniere Energy Partners LP
NYSE:CQP
25.2B USD 2.8 11.3 9.3 11.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Energy Transfer LP
NYSE:ET
Average EV/EBITDA: 12
8.9
37%
0.2
CA
Enbridge Inc
TSX:ENB
15.3
51%
0.3
US
Enterprise Products Partners LP
NYSE:EPD
10.3
24%
0.4
US
Williams Companies Inc
NYSE:WMB
15.3
28%
0.5
US
Kinder Morgan Inc
NYSE:KMI
13.5
33%
0.4
US
ONEOK Inc
NYSE:OKE
15
80%
0.2
US
MPLX LP
NYSE:MPLX
9.9
20%
0.5
CA
TC Energy Corp
TSX:TRP
13.4
22%
0.6
US
Cheniere Energy Inc
NYSE:LNG
8.3
-56%
N/A
US
Targa Resources Corp
NYSE:TRGP
12.7
30%
0.4
US
Cheniere Energy Partners LP
NYSE:CQP
9.3
-34%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Energy Transfer LP
NYSE:ET
Average EV/EBIT: 16.9
13.6
42%
0.3
CA
Enbridge Inc
TSX:ENB
23.6
55%
0.4
US
Enterprise Products Partners LP
NYSE:EPD
13.9
27%
0.5
US
Williams Companies Inc
NYSE:WMB
24.5
28%
0.9
US
Kinder Morgan Inc
NYSE:KMI
20.8
26%
0.8
US
ONEOK Inc
NYSE:OKE
18.5
49%
0.4
US
MPLX LP
NYSE:MPLX
12.2
19%
0.6
CA
TC Energy Corp
TSX:TRP
18.9
25%
0.8
US
Cheniere Energy Inc
NYSE:LNG
9.8
-62%
N/A
US
Targa Resources Corp
NYSE:TRGP
19.4
-8%
N/A
US
Cheniere Energy Partners LP
NYSE:CQP
11.1
-40%
N/A

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