Energy Transfer LPET -0.66%83 EV-to-FCF is 42.42 as of Jul. 10, 2026, which is 155% above its 10-year median of 16.61. GuruFocus rates ET with a GF Score™ of 83/100 and a GF Value™ of $19.23 (Fairly Valued). The stock has 11 warning signs investors should review. Among 575 Oil & Gas companies, Energy Transfer LP ranks worse than 83.65% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Energy Transfer LP's Enterprise Value is $153,335 Mil.
Energy Transfer LP's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $3,615 Mil. Therefore, Energy Transfer LP's EV-to-FCF for today is 42.42.
The historical rank and industry rank for Energy Transfer LP's EV-to-FCF or its related term are showing as below:
ET'
s EV-to-FCF Range Over the Past 10 Years
Min: -82.51 Med: 16.61 Max: 976.62
Current: 42.42
During the past 13 years, the highest EV-to-FCF of Energy Transfer LP was 976.62. The lowest was -82.51. And the median was 16.61.
ET's EV-to-FCF is ranked worse than 83.65% of 575
companies
in the Oil & Gas industry
Industry Median: 15.52
vs ET: 42.42
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.
Energy Transfer LP (NYSE:ET) EV-to-FCF Explanation
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.
Energy Transfer LP's PE Ratio (TTM) for today is calculated as:
Energy Transfer LP's share price for today is $19.66.
Energy Transfer LP's Earnings per Share (Diluted) 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 $1.200.
* 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.
Energy Transfer LP EV-to-FCF Related Terms
Energy Transfer LP EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Energy Transfer LP'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, Energy Transfer LP'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.
Energy Transfer LP EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's EV-to-FCF falls into.
Energy Transfer LP's current Enterprise Value is $153,335 Mil.
Energy Transfer LP'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 $3,615 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-FCF of 42.42 as of Jul. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Energy Transfer LP and its competitors. This is 155% above median its historical median of 16.61. According to the industry distribution chart, Energy Transfer LP ranks #481 out of 575 companies in the Oil & Gas industry, placing it in the top 83.7%.
Is Energy Transfer LP's EV-to-FCF too high?
Energy Transfer LP's current EV-to-FCF of 42.42 is 155% above median its 10-year median of 16.61. The Oil & Gas industry median EV-to-FCF is 15.52. Energy Transfer LP's value of 42.42 is 173.3% above this industry median. Based on the distribution chart, Energy Transfer LP ranks #481 out of 575 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Energy Transfer LP has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energy Transfer LP's EV-to-FCF compare to TRGP and KMI?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #481 out of 575 companies for EV-to-FCF. This places Energy Transfer LP in the lower half of its industry. The industry median EV-to-FCF is 15.52. Energy Transfer LP's value of 42.42 is 173.3% above this benchmark. While the company's 10-year median is 16.61 vs. the industry median of 15.52, 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.52, based on 575 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. Energy Transfer LP's current EV-to-FCF of 42.42 is 173.3% 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 Energy Transfer LP and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current EV-to-FCF is 42.42, which is 155% above median its own 10-year median of 16.61. 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 $19.23, compared to a current price of $19.66 — trading 2.2% above its estimated fair value. The current EV-to-FCF is 42.42, which is 155% above median its 10-year median of 16.61 and 173.3% above the Oil & Gas industry median of 15.52. Energy Transfer LP's overall GF Score™ is 83/100 with 11 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 Energy Transfer LP (ET), the current EV-to-FCF is 42.42 as of Jul. 10, 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 overvalued.
The current stock price of $19.66 is trading 2.2% above its estimated GF Value™ of $19.23.
GuruFocus considers Energy Transfer LP to be Fairly Valued.
Key valuation signals for ET:
EV-to-FCF: 42.42 (155% above median its 10-year median of 16.61)
GF Value™: $19.23 vs. price of $19.66 (2.2% above fair value)
Industry Position: 173.3% above the Oil & Gas median (#481 of 575)
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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