Energy Transfer LP
NYSE:ET

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Energy Transfer LP
NYSE:ET
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Price: 17.21 USD -0.92% Market Closed
Market Cap: 59.1B USD

Relative Value

The Relative Value of one ET stock under the Base Case scenario is 32.67 USD. Compared to the current market price of 17.21 USD, Energy Transfer LP is Undervalued by 47%.

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
32.67 USD
Undervaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
7
vs Industry
60
Median 3Y
0.5
Median 5Y
0.4
Industry
1.2
Forward
0.6
vs History
19
vs Industry
16
Median 3Y
11.8
Median 5Y
8.2
Industry
10.3
Forward
11.5
vs History
15
vs Industry
22
Median 3Y
4.1
Median 5Y
3.4
Industry
4.8
vs History
52
vs Industry
33
Median 3Y
6.8
Median 5Y
6.8
Industry
10
vs History
7
vs Industry
23
Median 3Y
1.2
Median 5Y
1
Industry
1.1
vs History
17
vs Industry
49
Median 3Y
1.1
Median 5Y
1.2
Industry
1.8
Forward
1.3
vs History
12
vs Industry
32
Median 3Y
4.9
Median 5Y
4.7
Industry
4.4
vs History
7
vs Industry
20
Median 3Y
7.1
Median 5Y
6.7
Industry
5.9
Forward
7.1
vs History
7
vs Industry
17
Median 3Y
11
Median 5Y
10.3
Industry
8.5
Forward
11.1
vs History
17
vs Industry
16
Median 3Y
9.1
Median 5Y
8.6
Industry
6.3
vs History
34
vs Industry
16
Median 3Y
14.4
Median 5Y
14.4
Industry
10.5
vs History
7
vs Industry
36
Median 3Y
0.9
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
59B USD 0.7 12.9 8.2 12.7
CA
Enbridge Inc
TSX:ENB
140B CAD 2.6 27.7 15.5 23.7
US
Williams Companies Inc
NYSE:WMB
70.3B USD 6.5 30.8 16.7 27.7
US
Enterprise Products Partners LP
NYSE:EPD
67.5B USD 1.2 11.7 10.3 13.9
US
Kinder Morgan Inc
NYSE:KMI
60.7B USD 3.9 23.6 13.6 21
US
Cheniere Energy Inc
NYSE:LNG
52.4B USD 3.3 16.1 9.9 11.9
CA
TC Energy Corp
TSX:TRP
71.6B CAD 5.4 16.4 15.1 22.3
US
MPLX LP
NYSE:MPLX
50B USD 4.1 11.3 10 12.4
US
ONEOK Inc
NYSE:OKE
51.4B USD 2.1 17 12.5 15.5
US
Targa Resources Corp
NYSE:TRGP
34.7B USD 2.1 29 12.4 19.3
US
Cheniere Energy Partners LP
NYSE:CQP
27.8B USD 3.2 13.5 10.7 12.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Energy Transfer LP
NYSE:ET
Average EV/EBITDA: 12.3
8.2
8%
1
CA
Enbridge Inc
TSX:ENB
15.5
14%
1.1
US
Williams Companies Inc
NYSE:WMB
16.7
17%
1
US
Enterprise Products Partners LP
NYSE:EPD
10.3
7%
1.5
US
Kinder Morgan Inc
NYSE:KMI
13.6
11%
1.2
US
Cheniere Energy Inc
NYSE:LNG
9.9
0%
N/A
CA
TC Energy Corp
TSX:TRP
15.1
13%
1.2
US
MPLX LP
NYSE:MPLX
10
7%
1.4
US
ONEOK Inc
NYSE:OKE
12.5
15%
0.8
US
Targa Resources Corp
NYSE:TRGP
12.4
13%
1
US
Cheniere Energy Partners LP
NYSE:CQP
10.7
-2%
N/A