Kinder Morgan, Inc. (KMI) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission...
Kinder Morgan, Inc. (KMI) currently trades at a P/E ratio of 21.97 (historical range: 14.46–43.82, median: 20.64), placing it at the 65th percentile — above its historical average, P/S ratio of 4.24 (range: 1.91–4.61, 96th percentile — expensive relative to its history), EV/EBITDA of 20.80 (range: 15.66–37.81, 62th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Kinder Morgan, Inc.'s P/E ratio has expanded by 12% over the observed period (from an average of 19.6 to 21.9).
Kinder Morgan, Inc. trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 21.97 | 20.64 | 65th | above its historical average |
| P/S Ratio | 4.24 | 2.77 | 96th | expensive relative to its history |
| EV/EBITDA | 20.80 | 19.92 | 62th | above its historical average |
| FCF Yield | 4.15% | 8.22% | 9th | expensive relative to its history |
Kinder Morgan, Inc. (KMI) Valuation & P/E History
Kinder Morgan, Inc. (KMI) is a US-listed stock operating in the Utilities sector, specifically the Natural Gas Transmission industry currently trading at $33.78 with a market capitalization of $75.2 billion. This page provides historical valuation analysis for KMI based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 21.97 is above the historical median of 20.64, placing KMI at the 65th percentile of its valuation range. The P/S ratio of 4.24 compares to a median of 2.77.
KMI Valuation Metrics & Historical Range
The valuation table above shows Kinder Morgan, Inc.'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 KMI 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 KMI 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 Kinder Morgan, Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is KMI Overvalued or Undervalued?
Kinder Morgan, Inc. trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 74 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive KMI 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 KMI analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.KMI trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.