Energy Transfer LP Common Units representing limited partner interests (ET) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
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 thro...
Energy Transfer LP Common Units representing limited partner interests (ET) currently trades at a P/E ratio of 13.19 (historical range: 12.69–15.47, median: 13.83), placing it at the 8th percentile — cheap relative to its history, P/S ratio of 0.65 (range: 0.61–0.73, 25th percentile — below its historical average), EV/EBITDA of 12.69 (range: 12.50–14.27, 5th percentile).
Energy Transfer LP Common Units representing limited partner interests trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 13.19 | 13.83 | 8th | cheap relative to its history |
| P/S Ratio | 0.65 | 0.67 | 25th | below its historical average |
| EV/EBITDA | 12.69 | 13.05 | 5th | cheap relative to its history |
| FCF Yield | 7.48% | 7.30% | 74th | below its historical average |
Energy Transfer LP Common Units representing limited partner interests (ET) Valuation & P/E History
Energy Transfer LP Common Units representing limited partner interests (ET) is a US-listed stock operating in the Utilities sector, specifically the Natural Gas Transmission industry currently trading at $20.18 with a market capitalization of $69.5 billion. This page provides historical valuation analysis for ET based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 13.19 is below the historical median of 13.83, placing ET at the 8th percentile of its valuation range. The P/S ratio of 0.65 compares to a median of 0.67.
ET Valuation Metrics & Historical Range
The valuation table above shows Energy Transfer LP Common Units representing limited partner interests's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether ET is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests ET is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Energy Transfer LP Common Units representing limited partner interests.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is ET Overvalued or Undervalued?
Energy Transfer LP Common Units representing limited partner interests trades well below its historical valuation range across most metrics. The overall valuation percentile of 13 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive ET is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full ET analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.ET trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.