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Energy Transfer LP (NYSE:ET) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Energy Transfer LP Forward PE Ratio Related Terms
Energy Transfer LP Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Energy Transfer LP's Forward PE Ratio 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.
Energy Transfer LP Forward PE Ratio Chart
Energy Transfer LP Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
6.43
16.69
8.76
8.21
7.87
5.31
5.60
6.72
8.23
12.41
10.34
Energy Transfer LP Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
6.43
5.17
14.10
12.69
16.69
14.47
12.05
9.01
8.76
7.95
10.19
10.89
8.21
9.56
9.44
8.07
7.87
3.26
6.71
4.22
5.31
5.55
4.66
6.40
5.60
7.66
6.49
6.43
6.72
6.82
7.19
8.06
8.23
9.62
10.07
8.80
12.41
12.83
12.24
10.99
10.34
12.32
ET vs TRGP, KMI, MPLX: Forward PE Ratio Comparison
For the Oil & Gas Midstream subindustry, Energy Transfer LP's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Energy Transfer LP's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Energy Transfer LP's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Energy Transfer LP (ET) has a Forward PE Ratio of 13.42 as of Jul. 15, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Energy Transfer LP and its competitors. According to the industry distribution chart, Energy Transfer LP ranks #320 out of 543 companies in the Oil & Gas industry, placing it in the top 58.9%.
Is Energy Transfer LP's Forward PE Ratio too high?
Energy Transfer LP's current Forward PE Ratio is 13.42. The Oil & Gas industry median Forward PE Ratio is 10.97. Energy Transfer LP's value of 13.42 is 22.3% above this industry median. Based on the distribution chart, Energy Transfer LP ranks #320 out of 543 companies in the Oil & Gas industry, which is below the industry midpoint. 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 Forward PE Ratio compare to TRGP and KMI?
According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #320 out of 543 companies for Forward PE Ratio. This places Energy Transfer LP in the lower half of its industry. The industry median Forward PE Ratio is 10.97. Energy Transfer LP's value of 13.42 is 22.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.97, based on 543 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current Forward PE Ratio of 13.42 is 22.3% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Energy Transfer LP and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current Forward PE Ratio is 13.42. 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 $19.29, compared to a current price of $20.07 — trading 4% above its estimated fair value. The current Forward PE Ratio is 13.42 and 22.3% above the Oil & Gas industry median of 10.97. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Energy Transfer LP (ET), the current Forward PE Ratio is 13.42 as of Jul. 15, 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 $20.07 is trading 4% above its estimated GF Value™ of $19.29.
GuruFocus considers Energy Transfer LP to be Fairly Valued.
Key valuation signals for ET:
Forward PE Ratio: 13.42
GF Value™: $19.29 vs. price of $20.07 (4% above fair value)
Industry Position: 22.3% above the Oil & Gas median (#320 of 543)
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
Get the complete analysis for ET
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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