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Energy Transfer LP PE Ratio

: 9.54 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2022-08-19), Energy Transfer LP's share price is $11.93. Energy Transfer LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2022 was $1.25. Therefore, Energy Transfer LP's PE Ratio for today is 9.54.


The historical rank and industry rank for Energy Transfer LP's PE Ratio or its related term are showing as below:

ET' s PE Ratio Range Over the Past 10 Years
Min: 4.33   Med: 20.18   Max: 86.63
Current: 9.55


During the past 13 years, the highest PE Ratio of Energy Transfer LP was 86.63. The lowest was 4.33. And the median was 20.18.


ET's PE Ratio is ranked better than
50.61% of 658 companies
in the Oil & Gas industry
Industry Median: 9.77 vs ET: 9.55

Energy Transfer LP's Earnings per Share (Diluted) for the three months ended in Jun. 2022 was $0.39. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2022 was $1.25.

As of today (2022-08-19), Energy Transfer LP's share price is $11.93. Energy Transfer LP's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2022 was $1.25. Therefore, Energy Transfer LP's PE Ratio without NRI for today is 9.54.

During the past 13 years, Energy Transfer LP's highest PE Ratio without NRI was 94.09. The lowest was 4.33. And the median was 19.96.

Energy Transfer LP's EPS without NRI for the three months ended in Jun. 2022 was $0.39. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2022 was $1.25.

During the past 12 months, Energy Transfer LP's average EPS without NRI Growth Rate was -8.10% per year. During the past 3 years, the average EPS without NRI Growth Rate was 16.30% per year.

During the past 13 years, Energy Transfer LP's highest 3-Year average EPS without NRI Growth Rate was 76.20% per year. The lowest was -17.50% per year. And the median was 13.25% per year.

Energy Transfer LP's EPS (Basic) for the three months ended in Jun. 2022 was $0.40. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2022 was $1.27.


Energy Transfer LP PE Ratio Historical Data

The historical data trend for Energy Transfer LP's 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.

* Premium members only.

Energy Transfer LP Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.80 11.10 9.65 At Loss 4.35

Energy Transfer LP Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.82 5.32 4.35 10.56 7.98

Competitive Comparison

For the Oil & Gas Midstream subindustry, Energy Transfer LP's PE Ratio, along with its competitors' market caps and 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 PE Ratio Distribution

For the Oil & Gas industry and Energy sector, Energy Transfer LP's PE Ratio distribution charts can be found below:

* The bar in red indicates where Energy Transfer LP's PE Ratio falls into.



Energy Transfer LP PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Energy Transfer LP's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=11.93/1.250
=9.54

Energy Transfer LP's Share Price of today is $11.93.
Energy Transfer LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.25.

* 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.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Energy Transfer LP  (NYSE:ET) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items 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 PE Ratio Related Terms

Thank you for viewing the detailed overview of Energy Transfer LP's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Energy Transfer LP Business Description

Energy Transfer LP logo
Traded in Other Exchanges
Address
8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225
Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.
Executives
Whitehurst Bradford D. officer: CFO 100 CONGRESS AVENUE SUITE 450 AUSTIN TX 78701
Perry James Richard director 1108 LAVACA, SUITE 110 #143 AUSTIN TX 78701
Washburne Ray W director 47 HIGHLAND PARK VILLAGE SUITE 200 DALLAS TX 75205
Sturrock Troy officer: SVP & Controller 1039 NORTH OAK CLIFF BOULEVARD DALLAS TX 75208
Grimm Michael K director 3141 HOOD STREET, SUITE 350 DALLAS TX 75219
Anderson Steven R. director 1818 MARKET STREET SUITE 1500 PHILADELPHIA PA 19103
Brannon Richard D director C/O CH4 ENERGY SIX, LLC 5128 APACHE PLUME ROAD, SUITE 300 FORT WORTH TX 76109
Mcreynolds John W director, officer: President 1601 BRYAN ST 30TH FL DALLAS TX 75201
Warren Kelcy L director, 10 percent owner
Mccrea Marshall S Iii director, officer: See Remarks
Ramsey Matthew S. director 6002 DEERWOOD HOUSTON TX 77057
Long Thomas E officer: Chief Financial Officer 370 17TH STREET SUITE 2775 DENVER CO 80202
Mason Thomas P officer: EVP and General Counsel 3738 OAK LAWN AVE DALLAS TX 75219
Collins Ted Jr director 508 W. WALL AVE. SUITE 1200 MIDLAND TX 79701-5076
Williams William Presley director 2126 CLEAR LAKE ROAD WEATHERFORD TX 76087

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