ET (Energy Transfer LP) Book Value per Share: $10.02 (As of Mar. 2026)


ET Energy Transfer LP ET
84 GF Score
Price $19.66
GF Value $19.25
Valuation Fairly Valued
! 10 Warning Signs
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What is Energy Transfer LP Book Value per Share?

Energy Transfer LP ET -0.66% 84 Book Value per Share is $10.02 as of Mar. 2026. GuruFocus rates ET with a GF Score™ of 84/100 and a GF Value™ of $19.25 (Fairly Valued). The stock has 10 warning signs investors should review.

Energy Transfer LP's book value per share for the quarter that ended in Mar. 2026 was $10.02.

During the past 12 months, Energy Transfer LP's average Book Value Per Share Growth Rate was -2.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Energy Transfer LP was 118.60% per year. The lowest was -2.20% per year. And the median was 16.40% per year.

Energy Transfer LP's current price is $19.66. Its book value per share for the quarter that ended in Mar. 2026 was $10.02. Hence, today's PB Ratio of Energy Transfer LP is 1.96.

During the past 13 years, the highest P/B Ratio of Energy Transfer LP was 2.06. The lowest was 0.59. And the median was 1.31.

Warning Sign:

Energy Transfer LP stock PB Ratio (=1.96) is close to 10-year high of 2.06.


Energy Transfer LP  (NYSE:ET) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Energy Transfer LP Book Value per Share Related Terms


Energy Transfer LP Book Value per Share Historical Data

* Premium members only.

The historical data trend for Energy Transfer LP's Book Value per Share 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.

Energy Transfer LP Book Value per Share Chart

Energy Transfer LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.15 10.67 10.89 10.24 9.99

Energy Transfer LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share 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 10.29 10.13 10.10 9.99 10.02

ET vs TRGP, KMI, MPLX: Book Value per Share Comparison

For the Oil & Gas Midstream subindustry, Energy Transfer LP's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Energy Transfer LP PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Energy Transfer LP's PB Ratio distribution charts can be found below:

* The bar in red indicates where Energy Transfer LP's PB Ratio falls into.


ET
84GF Score
Energy Transfer LP ET
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Energy Transfer LP Book Value per Share Calculation

Energy Transfer LP's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(34,366-0)/3,440
=9.99

Energy Transfer LP's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(34,462-0)/3,441
=10.01

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of $10.02 mean?
Energy Transfer LP (ET) has a Book Value per Share of $10.02 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Energy Transfer LP and its competitors.
Is Energy Transfer LP's Book Value per Share too high?
Energy Transfer LP's current Book Value per Share is $10.02. Overall, Energy Transfer LP has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energy Transfer LP's Book Value per Share compare to TRGP and KMI?
Energy Transfer LP's Book Value per Share of $10.02 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Oil & Gas company?
A good Book Value per Share depends on the Oil & Gas industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Energy Transfer LP and its competitors. Energy Transfer LP's current Book Value per Share is $10.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Transfer LP stock overvalued right now?
Based on GuruFocus' analysis, Energy Transfer LP (ET) is currently considered Fairly Valued. The stock's GF Value™ is $19.25, compared to a current price of $19.66 — trading 2.1% above its estimated fair value. The current Book Value per Share is $10.02. Energy Transfer LP's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Energy Transfer LP (ET), the current Book Value per Share is $10.02 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Energy Transfer LP (ET) Overvalued in 2026?

Based on GuruFocus' analysis, Energy Transfer LP stock appears to be overvalued. The current stock price of $19.66 is trading 2.1% above its estimated GF Value™ of $19.25. GuruFocus considers Energy Transfer LP to be Fairly Valued.

Key valuation signals for ET:

  • Book Value per Share: $10.02
  • GF Value™: $19.25 vs. price of $19.66 (2.1% above fair value)
  • GF Score™: 84/100 with 10 warning signs

No single metric tells the full story. See the ET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Energy Transfer LP Business Description

Industry EnergyOil & Gas
Address 8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225
Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, crude oil, and refined products. Commodities are moved through its network of field-level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.
84GF Score

Get the complete analysis for ET

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.66
Price
$19.25
GF Value