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Energy Transfer LPET -2.61%83 EV-to-EBITDA is 8.86 as of Aug. 08, 2026, which is 4% below its 10-year median of 9.25. GuruFocus rates ET with a GF Score™ of 83/100 and a GF Value™ of $22.34 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 764 Oil & Gas companies, Energy Transfer LP ranks worse than 69.5% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Energy Transfer LP's enterprise value is $153,939 Mil.
Energy Transfer LP's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $17,365 Mil. Therefore, Energy Transfer LP's EV-to-EBITDA for today is 8.86.
The historical rank and industry rank for Energy Transfer LP's EV-to-EBITDA or its related term are showing as below:
ET'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.08 Med: 9.25 Max: 19.29
Current: 8.86
During the past 13 years, the highest EV-to-EBITDA of Energy Transfer LP was 19.29. The lowest was 6.08. And the median was 9.25.
ET's EV-to-EBITDA is ranked worse than 69.5% of 764
companies
in the Oil & Gas industry
Industry Median: 7.47
vs ET: 8.86
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Energy Transfer LP (NYSE:ET) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Energy Transfer LP's PE Ratio (TTM) for today is calculated as:
Energy Transfer LP's share price for today is $20.13.
Energy Transfer LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.470.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Energy Transfer LP's EV-to-EBITDA 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.
For the Oil & Gas Midstream subindustry, Energy Transfer LP's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's EV-to-EBITDA falls into.
Energy Transfer LP's current Enterprise Value is $153,939 Mil.
Energy Transfer LP's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $17,365 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.
Energy Transfer LP (ET) has a EV-to-EBITDA of 8.86 as of Aug. 08, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Energy Transfer LP. This is near median its historical median of 9.25. Over the past decade, Energy Transfer LP's EV-to-EBITDA has ranged from 6.08 to 19.29. According to the industry distribution chart, Energy Transfer LP ranks #531 out of 764 companies in the Oil & Gas industry, placing it in the top 69.5%.
Is Energy Transfer LP's EV-to-EBITDA too high?
Energy Transfer LP's current EV-to-EBITDA of 8.86 is near median its 10-year median of 9.25. Over the past 10 years, this metric has ranged from a low of 6.08 to a high of 19.29. The Oil & Gas industry median EV-to-EBITDA is 7.47. Energy Transfer LP's value of 8.86 is 18.6% above this industry median. Based on the distribution chart, Energy Transfer LP ranks #531 out of 764 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Energy Transfer LP has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Energy Transfer LP's EV-to-EBITDA compare to KMI and TRGP?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #531 out of 764 companies for EV-to-EBITDA. This places Energy Transfer LP in the lower half of its industry. The industry median EV-to-EBITDA is 7.47. Energy Transfer LP's value of 8.86 is 18.6% above this benchmark. Historically, Energy Transfer LP's own EV-to-EBITDA has ranged from 6.08 to 19.29 over the past decade. While the company's 10-year median is 9.25 vs. the industry median of 7.47, Energy Transfer LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.47, based on 764 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current EV-to-EBITDA of 8.86 is 18.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Energy Transfer LP. For the Oil & Gas industry, the median EV-to-EBITDA is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current EV-to-EBITDA is 8.86, which is near median its own 10-year median of 9.25. 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 Modestly Undervalued. The stock's GF Value™ is $22.34, compared to a current price of $20.13 — trading 9.9% below its estimated fair value. The current EV-to-EBITDA is 8.86, which is near median its 10-year median of 9.25 and 18.6% above the Oil & Gas industry median of 7.47. Energy Transfer LP's overall GF Score™ is 83/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Energy Transfer LP (ET), the current EV-to-EBITDA is 8.86 as of Aug. 08, 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 undervalued.
The current stock price of $20.13 is trading 9.9% below its estimated GF Value™ of $22.34.
GuruFocus considers Energy Transfer LP to be Modestly Undervalued.
Key valuation signals for ET:
EV-to-EBITDA: 8.86 (near median its 10-year median of 9.25)
GF Value™: $22.34 vs. price of $20.13 (9.9% below fair value)
Industry Position: 18.6% above the Oil & Gas median (#531 of 764)
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 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.
83GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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