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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Icahn Enterprises LP's Enterprise Value is $9,870 Mil.
Icahn Enterprises LP's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-101 Mil. Therefore, Icahn Enterprises LP's EV-to-FCF for today is -97.72.
The historical rank and industry rank for Icahn Enterprises LP's EV-to-FCF or its related term are showing as below:
IEP'
s EV-to-FCF Range Over the Past 10 Years
Min: -4710.88 Med: 3.56 Max: 1096.69
Current: -97.72
During the past 13 years, the highest EV-to-FCF of Icahn Enterprises LP was 1096.69. The lowest was -4710.88. And the median was 3.56.
IEP's EV-to-FCF is ranked worse than 100% of 584
companies
in the Oil & Gas industry
Industry Median: 15.86
vs IEP: -97.72
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.
Icahn Enterprises LP's PE Ratio (TTM) for today is calculated as:
Icahn Enterprises LP's share price for today is $7.76.
Icahn Enterprises 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 $-0.520.
* 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.
Icahn Enterprises LP EV-to-FCF Related Terms
Icahn Enterprises LP EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Icahn Enterprises 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 Refining & Marketing subindustry, Icahn Enterprises 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.
Icahn Enterprises LP EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Icahn Enterprises LP's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Icahn Enterprises LP's EV-to-FCF falls into.
Icahn Enterprises LP's current Enterprise Value is $9,870 Mil.
Icahn Enterprises 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 $-101 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.
Icahn Enterprises LP (IEP) has a EV-to-FCF of -97.72 as of Jul. 22, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Icahn Enterprises LP and its competitors. According to the industry distribution chart, Icahn Enterprises LP ranks #999999 out of 584 companies in the Oil & Gas industry.
Is Icahn Enterprises LP's EV-to-FCF too high?
Icahn Enterprises LP's current EV-to-FCF is -97.72. Based on the distribution chart, Icahn Enterprises LP ranks #999999 out of 584 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Icahn Enterprises LP has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Icahn Enterprises LP's EV-to-FCF compare to PBF and DK?
According to the Oil & Gas industry distribution chart, Icahn Enterprises LP ranks #999999 out of 584 companies for EV-to-FCF. This places Icahn Enterprises LP in the lower half of its industry. The industry median EV-to-FCF is 15.86. 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 15.86, based on 584 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. 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 Icahn Enterprises LP and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icahn Enterprises LP's current EV-to-FCF is -97.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icahn Enterprises LP stock overvalued right now?
Based on GuruFocus' analysis, Icahn Enterprises LP (IEP) is currently considered Fairly Valued. The stock's GF Value™ is $7.40, compared to a current price of $7.76 — trading 4.9% above its estimated fair value. The current EV-to-FCF is -97.72. Icahn Enterprises LP's overall GF Score™ is 54/100 with 4 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 Icahn Enterprises LP (IEP), the current EV-to-FCF is -97.72 as of Jul. 22, 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 Icahn Enterprises LP (IEP) Overvalued in 2026?
Based on GuruFocus' analysis, Icahn Enterprises LP stock appears to be overvalued.
The current stock price of $7.76 is trading 4.9% above its estimated GF Value™ of $7.40.
GuruFocus considers Icahn Enterprises LP to be Fairly Valued.
Key valuation signals for IEP:
EV-to-FCF: -97.72
GF Value™: $7.40 vs. price of $7.76 (4.9% above fair value)
No single metric tells the full story. See the IEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icahn Enterprises LP provides diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.
54GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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