ET (Energy Transfer LP) ROCE %: 9.60% (As of Mar. 2026)

What is Energy Transfer LP ROCE %?

Energy Transfer LP ET -1.46% 84 ROCE % is 9.60% as of Mar. 2026. GuruFocus rates ET with a GF Score™ of 84/100 and a GF Value™ of $19.05 (Fairly Valued). The stock has 10 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Energy Transfer LP's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.60%.

Energy Transfer LP (NYSE:ET) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Energy Transfer LP ROCE % Related Terms

Energy Transfer LP ROCE % Historical Data

* Premium members only.

The historical data trend for Energy Transfer LP's ROCE % 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 ROCE % Chart

Energy Transfer LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

Get a 7-Day Free Trial

9.91

8.80

8.27

9.51

7.97

Energy Transfer LP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															9.11	8.50	7.89	7.53	9.60

84GF Score

Energy Transfer LP ET

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Energy Transfer LP ROCE % Calculation

Energy Transfer LP's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	9532	/	( ( (125380 - 12656)	+	(141286 - 14955) )	/ 2 )
	=	9532	/	( (112724	+	126331)	/ 2 )
	=	9532	/	119527.5
	=	7.97 %

Energy Transfer LP's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	12232	/	( ( (141286 - 14955)	+	(147482 - 19043) )	/ 2 )
	=	12232	/	( ( 126331	+	128439 )	/ 2 )
	=	12232	/	127385
	=	9.60 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 9.60% mean?

Energy Transfer LP (ET) has a ROCE % of 9.60% as of Mar. 2026.

Is Energy Transfer LP's ROCE % too high?

Energy Transfer LP's current ROCE % is 9.60%. The Oil & Gas industry median ROCE % is 6.79. Energy Transfer LP's value of 9.60% is 41.4% above this industry median. Overall, Energy Transfer LP has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Energy Transfer LP's ROCE % compare to KMI and MPLX?

Energy Transfer LP's ROCE % of 9.60% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Energy Transfer LP's value of 9.60% is 41.4% 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 ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current ROCE % of 9.60% is 41.4% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current ROCE % is 9.60%. 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 $19.05, compared to a current price of $18.94 — trading 0.6% below its estimated fair value. The current ROCE % is 9.60% and 41.4% above the Oil & Gas industry median of 6.79. Energy Transfer LP's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Energy Transfer LP (ET), the current ROCE % is 9.60% as of Mar. 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 undervalued. The current stock price of $18.94 is trading 0.6% below its estimated GF Value™ of $19.05. GuruFocus considers Energy Transfer LP to be Fairly Valued.

Key valuation signals for ET:

ROCE %: 9.60%
GF Value™: $19.05 vs. price of $18.94 (0.6% below fair value)
GF Score™: 84/100 with 10 warning signs
Industry Position: 41.4% above the Oil & Gas median

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 LP Business Description

Industry Energy Oil & Gas

Comparable Companies KMI MPLX TRGP OKE EPD LNG WMB VG CQP WES TSX:ENB TSX:TRP TSX:PPL SHSE:601872 PAA HKSE:01138 DTM TSX:ALA AM TSX:KEY

Address 8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website https://www.energytransfer.com

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.

84GF Score

Get the complete analysis for ET

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.94

Price

$19.05

GF Value

View ET Analysis

See ROCE % data for all stocks →