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Energy Transfer LPET +0.92%87 EV-to-OCF is 12.89 as of Aug. 12, 2026, which is 8% above its 10-year median of 11.91. GuruFocus rates ET with a GF Score™ of 87/100 and a GF Value™ of $21.87 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,027 Oil & Gas companies, Energy Transfer LP ranks worse than 77.51% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Energy Transfer LP's Enterprise Value is $156,175 Mil.
Energy Transfer LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $12,119 Mil. Therefore, Energy Transfer LP's EV-to-OCF for today is 12.89.
The historical rank and industry rank for Energy Transfer LP's EV-to-OCF or its related term are showing as below:
ET'
s EV-to-OCF Range Over the Past 10 Years
Min: 6.8 Med: 11.91 Max: 29.6
Current: 12.89
During the past 13 years, the highest EV-to-OCF of Energy Transfer LP was 29.60. The lowest was 6.80. And the median was 11.91.
ET's EV-to-OCF is ranked worse than 77.51% of 1027
companies
in the Oil & Gas industry
Industry Median: 5.74
vs ET: 12.89
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 (NYSE:ET) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $20.78.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Energy Transfer LP EV-to-OCF Related Terms
Energy Transfer LP EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Energy Transfer LP's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's EV-to-OCF falls into.
Energy Transfer LP's current Enterprise Value is $156,175 Mil.
Energy Transfer LP's Cash Flow from Operations 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 $12,119 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-OCF of 12.89 as of Aug. 12, 2026. This is near median its historical median of 11.91. Over the past decade, Energy Transfer LP's EV-to-OCF has ranged from 6.80 to 29.60. According to the industry distribution chart, Energy Transfer LP ranks #796 out of 1027 companies in the Oil & Gas industry, placing it in the top 77.5%.
Is Energy Transfer LP's EV-to-OCF too high?
Energy Transfer LP's current EV-to-OCF of 12.89 is near median its 10-year median of 11.91. Over the past 10 years, this metric has ranged from a low of 6.80 to a high of 29.60. The Oil & Gas industry median EV-to-OCF is 5.74. Energy Transfer LP's value of 12.89 is 124.6% above this industry median. Based on the distribution chart, Energy Transfer LP ranks #796 out of 1027 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Energy Transfer LP has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energy Transfer LP's EV-to-OCF compare to KMI and TRGP?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #796 out of 1027 companies for EV-to-OCF. This places Energy Transfer LP in the lower half of its industry. The industry median EV-to-OCF is 5.74. Energy Transfer LP's value of 12.89 is 124.6% above this benchmark. Historically, Energy Transfer LP's own EV-to-OCF has ranged from 6.80 to 29.60 over the past decade. While the company's 10-year median is 11.91 vs. the industry median of 5.74, 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-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.74, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current EV-to-OCF of 12.89 is 124.6% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current EV-to-OCF is 12.89, which is near median its own 10-year median of 11.91. 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 $21.87, compared to a current price of $20.78 — trading 5% below its estimated fair value. The current EV-to-OCF is 12.89, which is near median its 10-year median of 11.91 and 124.6% above the Oil & Gas industry median of 5.74. Energy Transfer LP's overall GF Score™ is 87/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Energy Transfer LP (ET), the current EV-to-OCF is 12.89 as of Aug. 12, 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 $20.78 is trading 5% below its estimated GF Value™ of $21.87.
GuruFocus considers Energy Transfer LP to be Fairly Valued.
Key valuation signals for ET:
EV-to-OCF: 12.89 (near median its 10-year median of 11.91)
GF Value™: $21.87 vs. price of $20.78 (5% below fair value)
Industry Position: 124.6% above the Oil & Gas median (#796 of 1027)
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.
87GF Score
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