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Energy Transfer LPET -0.09%84 Equity-to-Asset is 0.24 as of Jun. 2026, which is at its 10-year median of 0.24. GuruFocus rates ET with a GF Score™ of 84/100 and a GF Value™ of $22.67 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,032 Oil & Gas companies, Energy Transfer LP ranks worse than 78.88% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Energy Transfer LP's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $35,331 Mil. Energy Transfer LP's Total Assets for the quarter that ended in Jun. 2026 was $148,168 Mil.
Therefore, Energy Transfer LP's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.24.
The historical rank and industry rank for Energy Transfer LP's Equity-to-Asset or its related term are showing as below:
ET'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.02 Med: 0.24 Max: 0.32
Current: 0.24
During the past 13 years, the highest Equity to Asset Ratio of Energy Transfer LP was 0.32. The lowest was -0.02. And the median was 0.24.
ET's Equity-to-Asset is ranked worse than 78.88% of 1032
companies
in the Oil & Gas industry
Industry Median: 0.49
vs ET: 0.24
Energy Transfer LP (NYSE:ET) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Energy Transfer LP Equity-to-Asset Related Terms
Energy Transfer LP Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Energy Transfer LP's Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Energy Transfer LP's Equity to Asset Ratio 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.
Energy Transfer LP (ET) has a Equity-to-Asset of 0.24 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Energy Transfer LP and its competitors. This is near median its historical median of 0.24. According to the industry distribution chart, Energy Transfer LP ranks #814 out of 1032 companies in the Oil & Gas industry, placing it in the top 78.9%.
Is Energy Transfer LP's Equity-to-Asset too high?
Energy Transfer LP's current Equity-to-Asset of 0.24 is near median its 10-year median of 0.24. The Oil & Gas industry median Equity-to-Asset is 0.49. Energy Transfer LP's value of 0.24 is 51% below this industry median. Based on the distribution chart, Energy Transfer LP ranks #814 out of 1032 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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 Equity-to-Asset compare to KMI and TRGP?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #814 out of 1032 companies for Equity-to-Asset. This places Energy Transfer LP in the lower half of its industry. The industry median Equity-to-Asset is 0.49. Energy Transfer LP's value of 0.24 is 51% below this benchmark. While the company's 10-year median is 0.24 vs. the industry median of 0.49, Energy Transfer LP has consistently been below 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,032 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current Equity-to-Asset of 0.24 is 51% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Energy Transfer LP and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current Equity-to-Asset is 0.24, which is near median its own 10-year median of 0.24. 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 $22.67, compared to a current price of $21.19 — trading 6.5% below its estimated fair value. The current Equity-to-Asset is 0.24, which is near median its 10-year median of 0.24 and 51% below the Oil & Gas industry median of 0.49. Energy Transfer LP's overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Energy Transfer LP (ET), the current Equity-to-Asset is 0.24 as of Jun. 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 $21.19 is trading 6.5% below its estimated GF Value™ of $22.67.
GuruFocus considers Energy Transfer LP to be Fairly Valued.
Key valuation signals for ET:
Equity-to-Asset: 0.24 (near median its 10-year median of 0.24)
GF Value™: $22.67 vs. price of $21.19 (6.5% below fair value)
Industry Position: 51% below the Oil & Gas median (#814 of 1032)
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.
84GF Score
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