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DT MidstreamDTM -0.50%85 EV-to-FCF is 34.35 as of Sep. 11, 2026, which is 7% above its 10-year median of 31.98. GuruFocus rates DTM with a GF Score™ of 85/100 and a GF Value™ of $126.61 (Fairly Valued). The stock has 5 warning signs investors should review. Among 582 Oil & Gas companies, DT Midstream ranks worse than 80.76% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, DT Midstream's Enterprise Value is $16,489 Mil.
DT Midstream's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $480 Mil. Therefore, DT Midstream's EV-to-FCF for today is 34.35.
The historical rank and industry rank for DT Midstream's EV-to-FCF or its related term are showing as below:
DTM'
s EV-to-FCF Range Over the Past 10 Years
Min: -406.79 Med: 31.98 Max: 358.87
Current: 34.35
During the past 8 years, the highest EV-to-FCF of DT Midstream was 358.87. The lowest was -406.79. And the median was 31.98.
DTM's EV-to-FCF is ranked worse than 80.76% of 582
companies
in the Oil & Gas industry
Industry Median: 14.835
vs DTM: 34.35
EV-to-FCF 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.
EV-to-FCF 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.
DT Midstream's PE Ratio (TTM) for today is calculated as:
DT Midstream's share price for today is $128.86.
DT Midstream'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 $4.570.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
DT Midstream EV-to-FCF Related Terms
DT Midstream EV-to-FCF Historical Data
* Premium members only.
The historical data trend for DT Midstream's EV-to-FCF 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, DT Midstream's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
DT Midstream EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DT Midstream's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where DT Midstream's EV-to-FCF falls into.
DT Midstream's current Enterprise Value is $16,489 Mil.
DT Midstream's Free Cash Flow 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 $480 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.
DT Midstream (DTM) has a EV-to-FCF of 34.35 as of Sep. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on DT Midstream and its competitors. This is near median its historical median of 31.98. According to the industry distribution chart, DT Midstream ranks #470 out of 582 companies in the Oil & Gas industry, placing it in the top 80.8%.
Is DT Midstream's EV-to-FCF too high?
DT Midstream's current EV-to-FCF of 34.35 is near median its 10-year median of 31.98. The Oil & Gas industry median EV-to-FCF is 14.84. DT Midstream's value of 34.35 is 131.5% above this industry median. Based on the distribution chart, DT Midstream ranks #470 out of 582 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, DT Midstream has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DT Midstream's EV-to-FCF compare to AM and VNOM?
According to the Oil & Gas industry distribution chart, DT Midstream ranks #470 out of 582 companies for EV-to-FCF. This places DT Midstream in the lower half of its industry. The industry median EV-to-FCF is 14.84. DT Midstream's value of 34.35 is 131.5% above this benchmark. While the company's 10-year median is 31.98 vs. the industry median of 14.84, DT Midstream 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 14.84, based on 582 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DT Midstream's current EV-to-FCF of 34.35 is 131.5% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on DT Midstream and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 14.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DT Midstream's current EV-to-FCF is 34.35, which is near median its own 10-year median of 31.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DT Midstream stock overvalued right now?
Based on GuruFocus' analysis, DT Midstream (DTM) is currently considered Fairly Valued. The stock's GF Value™ is $126.61, compared to a current price of $128.86 — trading 1.8% above its estimated fair value. The current EV-to-FCF is 34.35, which is near median its 10-year median of 31.98 and 131.5% above the Oil & Gas industry median of 14.84. DT Midstream's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For DT Midstream (DTM), the current EV-to-FCF is 34.35 as of Sep. 11, 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 DT Midstream (DTM) Overvalued in 2026?
Based on GuruFocus' analysis, DT Midstream stock appears to be overvalued.
The current stock price of $128.86 is trading 1.8% above its estimated GF Value™ of $126.61.
GuruFocus considers DT Midstream to be Fairly Valued.
Key valuation signals for DTM:
EV-to-FCF: 34.35 (near median its 10-year median of 31.98)
GF Value™: $126.61 vs. price of $128.86 (1.8% above fair value)
Industry Position: 131.5% above the Oil & Gas median (#470 of 582)
No single metric tells the full story. See the DTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates maximum revenue from pipeline segment that includes interstate pipelines, storage systems, gathering lateral pipelines and compression and surface facilities.
85GF Score
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