Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 12.16 as of 2026-09-23T16:46:08.593Z.
Consensus retrieved: 2026-09-13T22:45:41.876Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-23T16:46:08.593Z.
Quote observation: 2026-09-23T16:44:55.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 78291259c7b0894b4eb1fb5abfc53915a488f95cbb6f7dbbf01c673618ee4f18
Forward PE Ratio (12.16) = Dated Quote Price ($20.61) / Consensus Forward EPS ($1.70)
FORWARD PE RATIO
12.16
SECTOR MEDIAN · ENERGY
12.84
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-5.30%
vs the sector median at left
Energy Transfer LP
Market Cap
$70.92B
Forward PE Ratio
12.16
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Energy Transfer LP (ET) | $70.92B | 12.16 |
| Kinder Morgan, Inc. (KMI)vs › | $70.76B | 20.78 |
| EOG Resources, Inc. (EOG)vs › | $75.93B | 8.54 |
| Slb N.V. (SLB)vs › | $77.75B | 21.14 |
| TC Energy Corporation (TRP)vs › | $63.36B | N/A |
| Eni S.p.A. (E)vs › | $79.28B | N/A |
| Targa Resources Corp. (TRGP)vs › | $61.66B | 25.47 |
| Suncor Energy Inc. (SU)vs › | $80.34B | N/A |
| Enterprise Products Partners L.P. (EPD)vs › | $81.92B | 12.62 |
| MPLX Lp (MPLX)vs › | $59.53B | 13.69 |
Trailing P/E
12.8
reported TTM EPS
Forward P/E
12.2
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $1.70 implies +5.6% EPS growth vs the reported trailing $1.61.
At the dated quote price of $20.61, 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 | $1.70 | $1.42 – $1.84 | 11 | 12.2x |
| 2027-12-31 | $1.71 | $1.43 – $1.93 | 12 | 12.0x |
| 2028-12-31 | $1.82 | $1.29 – $2.22 | 10 | 11.3x |
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
