Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Kinder Morgan's Enterprise Value is €92,123 Mil.
Kinder Morgan's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €4,318 Mil. Therefore, Kinder Morgan's EV-to-EBIT ratio for today is 21.33.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Kinder Morgan's Enterprise Value is €92,123 Mil.
Kinder Morgan's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €6,447 Mil. Therefore, Kinder Morgan's EV-to-EBITDA ratio for today is 14.29.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Kinder Morgan's Enterprise Value is €92,123 Mil.
Kinder Morgan's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €15,063 Mil. Therefore, Kinder Morgan's EV-to-Revenue ratio for today is 6.12.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Kinder Morgan's Enterprise Value is €92,123 Mil.
Kinder Morgan's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €2,737 Mil. Therefore, Kinder Morgan's EV-to-FCF ratio for today is 33.66.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Kinder Morgan (FRA:2KD) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Kinder Morgan's current Enterprise Value is €92,123 Mil.
Kinder Morgan's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,318 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Kinder Morgan's current Enterprise Value is €92,123 Mil.
Kinder Morgan's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €6,447 Mil.
Kinder Morgan's current Enterprise Value is €92,123 Mil.
Kinder Morgan's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €15,063 Mil.
Kinder Morgan's current Enterprise Value is €92,123 Mil.
Kinder Morgan's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €5,369 Mil.
Kinder Morgan's current Enterprise Value is €92,123 Mil.
Kinder Morgan's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,737 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.
Kinder Morgan Enterprise Value Related Terms
Kinder Morgan Enterprise Value Historical Data
* Premium members only.
The historical data trend for Kinder Morgan's Enterprise Value 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.
FRA:2KD vs EPD, ET, TRGP: Enterprise Value Comparison
For the Oil & Gas Midstream subindustry, Kinder Morgan's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Kinder Morgan Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kinder Morgan's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Kinder Morgan's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Kinder Morgan's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Kinder Morgan (FRA:2KD) has a Enterprise Value of €92,123 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Kinder Morgan and its competitors.
Is Kinder Morgan's Enterprise Value too high?
Kinder Morgan's current Enterprise Value is €92,123 Mil. Overall, Kinder Morgan has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinder Morgan's Enterprise Value compare to EPD and ET?
Kinder Morgan's Enterprise Value of €92,123 Mil 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 Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Kinder Morgan and its competitors. Kinder Morgan's current Enterprise Value is €92,123 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinder Morgan stock overvalued right now?
Based on GuruFocus' analysis, Kinder Morgan (FRA:2KD) is currently considered Modestly Overvalued. The stock's GF Value™ is €25.04, compared to a current price of €28.15 — trading 12.4% above its estimated fair value. The current Enterprise Value is €92,123 Mil. Kinder Morgan's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Kinder Morgan (FRA:2KD), the current Enterprise Value is €92,123 Mil as of Jun. 30, 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 Kinder Morgan (FRA:2KD) Overvalued in 2026?
Based on GuruFocus' analysis, Kinder Morgan stock appears to be overvalued.
The current stock price of €28.15 is trading 12.4% above its estimated GF Value™ of €25.04.
GuruFocus considers Kinder Morgan to be Modestly Overvalued.
Key valuation signals for FRA:2KD:
Enterprise Value: €92,123 Mil
GF Value™: €25.04 vs. price of €28.15 (12.4% above fair value)
No single metric tells the full story. See the FRA:2KD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.
76GF Score
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