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Icahn Enterprises LP's quarterly market cap
declined
from Sep. 2025 ($5,054 Mil) to Dec. 2025 ($4,811 Mil) but then
stayed the same
from Dec. 2025 ($4,811 Mil) to Mar. 2026 ($4,811 Mil).
Icahn Enterprises LP's annual market cap
declined
from Dec. 2023 ($7,375 Mil) to Dec. 2024 ($4,532 Mil) but then
increased
from Dec. 2024 ($4,532 Mil) to Dec. 2025 ($4,811 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Icahn Enterprises LP's Enterprise Value for Today is $9,887 Mil.
Icahn Enterprises LP (NAS:IEP) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Icahn Enterprises LP Market Cap Related Terms
Icahn Enterprises LP Market Cap Historical Data
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The historical data trend for Icahn Enterprises LP's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Icahn Enterprises LP's Market Cap distribution charts can be found below:
* The bar in red indicates where Icahn Enterprises LP's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Icahn Enterprises LP's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Market Cap of $5,232 Mil as of Aug. 01, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Icahn Enterprises LP and its competitors. According to the industry distribution chart, Icahn Enterprises LP ranks #146 out of 1045 companies in the Oil & Gas industry, placing it in the top 14%.
Is Icahn Enterprises LP's Market Cap too high?
Icahn Enterprises LP's current Market Cap is $5,232 Mil. The Oil & Gas industry median Market Cap is 211.79. Icahn Enterprises LP's value of $5,232 Mil is 2370.3% above this industry median. Based on the distribution chart, Icahn Enterprises LP ranks #146 out of 1045 companies in the Oil & Gas industry, which is in the top quartile — a strong position 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 Market Cap compare to PARR and DK?
According to the Oil & Gas industry distribution chart, Icahn Enterprises LP ranks #146 out of 1045 companies for Market Cap. This places Icahn Enterprises LP in the top 14% of its industry — outperforming the majority of peers. The industry median Market Cap is 211.79. Icahn Enterprises LP's value of $5,232 Mil is 2370.3% 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 Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 211.79, based on 1,045 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Icahn Enterprises LP's current Market Cap of $5,232 Mil is 2370.3% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Icahn Enterprises LP and its competitors. For the Oil & Gas industry, the median Market Cap is 211.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icahn Enterprises LP's current Market Cap is $5,232 Mil. 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 $7.36, compared to a current price of $7.79 — trading 5.8% above its estimated fair value. The current Market Cap is $5,232 Mil and 2370.3% above the Oil & Gas industry median of 211.79. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Icahn Enterprises LP (IEP), the current Market Cap is $5,232 Mil as of Aug. 01, 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 $7.79 is trading 5.8% above its estimated GF Value™ of $7.36.
GuruFocus considers Icahn Enterprises LP to be Fairly Valued.
Key valuation signals for IEP:
Market Cap: $5,232 Mil
GF Value™: $7.36 vs. price of $7.79 (5.8% above fair value)
Industry Position: 2370.3% above the Oil & Gas median (#146 of 1045)
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
Get the complete analysis for IEP
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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