Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 12.64.
Forward PE Ratio (12.64) = Close Price ($21.19) / Consensus Forward EPS ($1.68)
FORWARD PE RATIO
12.64
SECTOR MEDIAN · ENERGY
13.10
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-3.47%
vs the sector median at left
Energy Transfer LP
Market Cap
$72.92B
Forward PE Ratio
12.64
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Energy Transfer LP (ET) | $72.92B | 12.64 |
| Kinder Morgan, Inc. (KMI)vs › | $68.99B | 20.37 |
| Slb N.V. (SLB)vs › | $79.95B | 21.71 |
| Suncor Energy Inc. (SU)vs › | $80.79B | 6.81 |
| EOG Resources, Inc. (EOG)vs › | $81.52B | 9.18 |
| Targa Resources Corp. (TRGP)vs › | $64.20B | 26.59 |
| Eni S.p.A. (E)vs › | $81.81B | 10.69 |
| Enterprise Products Partners L.P. (EPD)vs › | $82.24B | 12.73 |
| Baker Hughes Company (BKR)vs › | $61.88B | 23.77 |
| Occidental Petroleum Corporation (OXY)vs › | $60.97B | 10.16 |
Trailing P/E
13.2
reported TTM EPS
Forward P/E
12.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $1.68 implies +4.3% EPS growth vs the reported trailing $1.61.
At today's $21.19 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $1.68 | $1.40 – $1.92 | 10 | 12.6x |
| 2027-12-31 | $1.71 | $1.42 – $1.91 | 11 | 12.4x |
| 2028-12-31 | $1.81 | $1.28 – $2.21 | 9 | 11.7x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute