Kinder MorganKMI -0.86%76 EV-to-FCF is 32.87 as of Jul. 10, 2026, which is 4% above its 10-year median of 31.67. GuruFocus rates KMI with a GF Score™ of 76/100 and a GF Value™ of $28.73 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 575 Oil & Gas companies, Kinder Morgan ranks worse than 78.09% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Kinder Morgan's Enterprise Value is $104,596 Mil.
Kinder Morgan's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $3,182 Mil. Therefore, Kinder Morgan's EV-to-FCF for today is 32.87.
The historical rank and industry rank for Kinder Morgan's EV-to-FCF or its related term are showing as below:
KMI'
s EV-to-FCF Range Over the Past 10 Years
Min: 15.49 Med: 31.67 Max: 58.31
Current: 32.87
During the past 13 years, the highest EV-to-FCF of Kinder Morgan was 58.31. The lowest was 15.49. And the median was 31.67.
KMI's EV-to-FCF is ranked worse than 78.09% of 575
companies
in the Oil & Gas industry
Industry Median: 15.52
vs KMI: 32.87
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.
Kinder Morgan's PE Ratio (TTM) for today is calculated as:
Kinder Morgan's share price for today is $32.12.
Kinder Morgan'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 $1.490.
* 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.
Kinder Morgan EV-to-FCF Related Terms
Kinder Morgan EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Kinder Morgan'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, Kinder Morgan'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.
Kinder Morgan EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kinder Morgan's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Kinder Morgan's EV-to-FCF falls into.
Kinder Morgan's current Enterprise Value is $104,596 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 $3,182 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 (KMI) has a EV-to-FCF of 32.87 as of Jul. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Kinder Morgan and its competitors. This is near median its historical median of 31.67. Over the past decade, Kinder Morgan's EV-to-FCF has ranged from 15.49 to 58.31. According to the industry distribution chart, Kinder Morgan ranks #449 out of 575 companies in the Oil & Gas industry, placing it in the top 78.1%.
Is Kinder Morgan's EV-to-FCF too high?
Kinder Morgan's current EV-to-FCF of 32.87 is near median its 10-year median of 31.67. Over the past 10 years, this metric has ranged from a low of 15.49 to a high of 58.31. The Oil & Gas industry median EV-to-FCF is 15.52. Kinder Morgan's value of 32.87 is 111.8% above this industry median. Based on the distribution chart, Kinder Morgan ranks #449 out of 575 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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 EV-to-FCF compare to EPD and ET?
According to the Oil & Gas industry distribution chart, Kinder Morgan ranks #449 out of 575 companies for EV-to-FCF. This places Kinder Morgan in the lower half of its industry. The industry median EV-to-FCF is 15.52. Kinder Morgan's value of 32.87 is 111.8% above this benchmark. Historically, Kinder Morgan's own EV-to-FCF has ranged from 15.49 to 58.31 over the past decade. While the company's 10-year median is 31.67 vs. the industry median of 15.52, Kinder Morgan 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. Kinder Morgan's current EV-to-FCF of 32.87 is 111.8% 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 Kinder Morgan 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. Kinder Morgan's current EV-to-FCF is 32.87, which is near median its own 10-year median of 31.67. 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 (KMI) is currently considered Modestly Overvalued. The stock's GF Value™ is $28.73, compared to a current price of $32.12 — trading 11.8% above its estimated fair value. The current EV-to-FCF is 32.87, which is near median its 10-year median of 31.67 and 111.8% above the Oil & Gas industry median of 15.52. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Kinder Morgan (KMI), the current EV-to-FCF is 32.87 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 Kinder Morgan (KMI) Overvalued in 2026?
Based on GuruFocus' analysis, Kinder Morgan stock appears to be overvalued.
The current stock price of $32.12 is trading 11.8% above its estimated GF Value™ of $28.73.
GuruFocus considers Kinder Morgan to be Modestly Overvalued.
Key valuation signals for KMI:
EV-to-FCF: 32.87 (near median its 10-year median of 31.67)
GF Value™: $28.73 vs. price of $32.12 (11.8% above fair value)
Industry Position: 111.8% above the Oil & Gas median (#449 of 575)
No single metric tells the full story. See the KMI 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
Get the complete analysis for KMI
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KMI has been successfully added to your 
