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Tallgrass Energy LP (Tallgrass Energy LP) EV-to-EBIT : 28.69 (As of Apr. 26, 2024)


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What is Tallgrass Energy LP EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Tallgrass Energy LP's Enterprise Value is $10,131.5 Mil. Tallgrass Energy LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 was $353.1 Mil. Therefore, Tallgrass Energy LP's EV-to-EBIT for today is 28.69.

The historical rank and industry rank for Tallgrass Energy LP's EV-to-EBIT or its related term are showing as below:

TGE' s EV-to-EBIT Range Over the Past 10 Years
Min: 14.4   Med: 19.9   Max: 34.2
Current: 28.69

During the past 7 years, the highest EV-to-EBIT of Tallgrass Energy LP was 34.20. The lowest was 14.40. And the median was 19.90.

TGE's EV-to-EBIT is not ranked
in the Oil & Gas industry.
Industry Median: 8.53 vs TGE: 28.69

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Tallgrass Energy LP's Enterprise Value for the quarter that ended in Dec. 2019 was $7,842.6 Mil. Tallgrass Energy LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 was $353.1 Mil. Tallgrass Energy LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2019 was 4.50%.


Tallgrass Energy LP EV-to-EBIT Historical Data

The historical data trend for Tallgrass Energy LP's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tallgrass Energy LP EV-to-EBIT Chart

Tallgrass Energy LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
EV-to-EBIT
Get a 7-Day Free Trial 23.74 27.44 29.53 30.95 22.21

Tallgrass Energy LP Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.95 31.89 28.11 26.14 22.21

Competitive Comparison of Tallgrass Energy LP's EV-to-EBIT

For the Oil & Gas Midstream subindustry, Tallgrass Energy LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tallgrass Energy LP's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tallgrass Energy LP's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tallgrass Energy LP's EV-to-EBIT falls into.



Tallgrass Energy LP EV-to-EBIT Calculation

Tallgrass Energy LP's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=10131.526/353.133
=28.69

Tallgrass Energy LP's current Enterprise Value is $10,131.5 Mil.
Tallgrass Energy LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $353.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tallgrass Energy LP  (NYSE:TGE) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Tallgrass Energy LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2019 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2019 ) =EBIT / Enterprise Value (Q: Dec. 2019 )
=353.133/7842.61784
=4.50 %

Tallgrass Energy LP's Enterprise Value for the quarter that ended in Dec. 2019 was $7,842.6 Mil.
Tallgrass Energy LP's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $353.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tallgrass Energy LP EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Tallgrass Energy LP's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Tallgrass Energy LP (Tallgrass Energy LP) Business Description

Traded in Other Exchanges
N/A
Address
4200 West 115th Street, Suite 350, Leawood, KS, USA, 66211
Tallgrass Energy LP is a corporate entity created after the acquisition of Tallgrass Energy Partners (the LP) by its GP in June 2018. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (the REX and Pony Express lines, for example). The entity focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Blackstone Investment Partners acquired the Tallgrass GP and 44% of the limited partnership in early 2019.
Executives
Guy G. Buckley director 5400 WESTHEIMER COURT, HOUSTON TX 77056
Bia Gp L.p. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Gic Private Ltd 10 percent owner 168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
William R. Moler director, officer: See Remarks 4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Gic Special Investments Pte Ltd 10 percent owner 168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Blackstone Infrastructure Associates L.p. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Bia Gp L.l.c. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Bip Holdings Manager L.l.c. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman 10 percent owner C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Thomas A Gerke director GERKE THOMAS A, OVERLAND PARK KS 66251
Blackstone Inc. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Group Management L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154

Tallgrass Energy LP (Tallgrass Energy LP) Headlines

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