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ET (Energy Transfer LP) E10 : $1.30 (As of Mar. 2025)


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What is Energy Transfer LP E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Energy Transfer LP's adjusted earnings per share data for the three months ended in Mar. 2025 was $0.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.30 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Energy Transfer LP's average E10 Growth Rate was 5.70% per year. During the past 3 years, the average E10 Growth Rate was 11.60% per year. During the past 5 years, the average E10 Growth Rate was 13.00% per year. During the past 10 years, the average E10 Growth Rate was 13.10% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Energy Transfer LP was 18.20% per year. The lowest was 7.50% per year. And the median was 12.95% per year.

As of today (2025-07-12), Energy Transfer LP's current stock price is $17.46. Energy Transfer LP's E10 for the quarter that ended in Mar. 2025 was $1.30. Energy Transfer LP's Shiller PE Ratio of today is 13.43.

During the past 13 years, the highest Shiller PE Ratio of Energy Transfer LP was 78.03. The lowest was 6.28. And the median was 13.91.


Energy Transfer LP E10 Historical Data

The historical data trend for Energy Transfer LP's E10 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.

Energy Transfer LP E10 Chart

Energy Transfer LP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.92 1.08 1.19 1.28

Energy Transfer LP Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
E10 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 1.23 1.25 1.26 1.28 1.30

Competitive Comparison of Energy Transfer LP's E10

For the Oil & Gas Midstream subindustry, Energy Transfer LP's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

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


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Energy Transfer LP E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Energy Transfer LP's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.36/134.9266*134.9266
=0.360

Current CPI (Mar. 2025) = 134.9266.

Energy Transfer LP Quarterly Data

per share eps CPI Adj_EPS
201506 0.280 100.684 0.375
201509 0.280 100.392 0.376
201512 0.300 99.792 0.406
201603 0.300 100.470 0.403
201606 0.230 101.688 0.305
201609 0.190 101.861 0.252
201612 0.210 101.863 0.278
201703 0.210 102.862 0.275
201706 0.180 103.349 0.235
201709 0.220 104.136 0.285
201712 0.220 104.011 0.285
201803 0.310 105.290 0.397
201806 0.310 106.317 0.393
201809 0.320 106.507 0.405
201812 0.260 105.998 0.331
201903 0.310 107.251 0.390
201906 0.330 108.070 0.412
201909 0.330 108.329 0.411
201912 0.380 108.420 0.473
202003 -0.320 108.902 -0.396
202006 0.130 108.767 0.161
202009 -0.240 109.815 -0.295
202012 0.190 109.897 0.233
202103 1.210 111.754 1.461
202106 0.200 114.631 0.235
202109 0.200 115.734 0.233
202112 0.290 117.630 0.333
202203 0.370 121.301 0.412
202206 0.390 125.017 0.421
202209 0.290 125.227 0.312
202212 0.340 125.222 0.366
202303 0.320 127.348 0.339
202306 0.250 128.729 0.262
202309 0.150 129.860 0.156
202312 0.370 129.419 0.386
202403 0.320 131.776 0.328
202406 0.350 132.554 0.356
202409 0.320 133.029 0.325
202412 0.290 133.157 0.294
202503 0.360 134.927 0.360

Add all the adjusted EPS together and divide 10 will get our e10.


Energy Transfer LP  (NYSE:ET) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Energy Transfer LP's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=17.46/1.30
=13.43

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Energy Transfer LP was 78.03. The lowest was 6.28. And the median was 13.91.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Energy Transfer LP E10 Related Terms

Thank you for viewing the detailed overview of Energy Transfer LP's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Energy Transfer LP Business Description

Traded in Other Exchanges
N/A
Address
8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225
Energy Transfer owns one of the largest portfolios of crude oil, natural gas, and natural gas liquid assets in the US, primarily in Texas and the US midcontinent region. Its pipeline network includes more than 12,000 miles of intrastate pipelines and 20,000 miles of interstate pipelines. It also owns gathering, processing, and storage facilities in the largest US oil and gas producing regions. Other businesses include a network of natrual gas liquids and refined products facilities, 18,000 miles of crude oil pipelines, and the Lake Charles gas liquefaction facility. Energy Transfer combined its publicly traded limited and general partnerships in October 2018.
Executives
Thomas E Long officer: Chief Financial Officer 370 17TH STREET, SUITE 2775, DENVER CO 80202
Kelcy L Warren director, 10 percent owner
Mccrea Marshall S Iii director, officer: See Remarks
Thomas P Mason officer: EVP and General Counsel 3738 OAK LAWN AVE, DALLAS TX 75219
Bradford D. Whitehurst officer: CFO 100 CONGRESS AVENUE, SUITE 450, AUSTIN TX 78701
Richard D Brannon director C/O CH4 ENERGY SIX, LLC, 5128 APACHE PLUME ROAD, SUITE 300, FORT WORTH TX 76109
James M. Wright officer: EVP, GC & CCO 1300 MAIN STREET, HOUSTON TX 77002
Dylan Bramhall officer: EVP & Group CFO 8111 WESTCHESTER DRIVE, SUITE 600, DALLAS TX 75225
Michael K Grimm director 3141 HOOD STREET, SUITE 350, DALLAS TX 75219
Matthew S. Ramsey director 6002 DEERWOOD, HOUSTON TX 77057
Ray C Davis director 5950 SHERRY LANE, SUITE 550, DALLAS TX 75225
Ray W Washburne director 47 HIGHLAND PARK VILLAGE, SUITE 200, DALLAS TX 75205
James Richard Perry director 1108 LAVACA, SUITE 110 #143, AUSTIN TX 78701
Troy Sturrock officer: SVP & Controller 1039 NORTH OAK CLIFF BOULEVARD, DALLAS TX 75208
Steven R. Anderson director 1818 MARKET STREET, SUITE 1500, PHILADELPHIA PA 19103