Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 12.88 as of Saturday, August 8, 2026.
Forward PE Ratio (12.88) = Close Price ($20.13) / Consensus Forward EPS ($1.56)
FORWARD PE RATIO
12.88
SECTOR MEDIAN · ENERGY
12.45
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
+3.50%
vs the sector median at left
Energy Transfer LP
Market Cap
$69.27B
Forward PE Ratio
12.88
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Energy Transfer LP (ET) | $69.27B | 12.88 |
| Kinder Morgan, Inc. (KMI)vs › | $68.70B | 20.35 |
| Suncor Energy Inc. (SU)vs › | $70.96B | 6.18 |
| EOG Resources, Inc. (EOG)vs › | $71.77B | 8.12 |
| Slb N.V. (SLB)vs › | $74.99B | 20.25 |
| Baker Hughes Company (BKR)vs › | $61.10B | 24.27 |
| Eni S.p.A. (E)vs › | $77.67B | 10.19 |
| Enterprise Products Partners L.P. (EPD)vs › | $81.67B | 12.95 |
| Phillips 66 (PSX)vs › | $81.75B | 9.06 |
| Occidental Petroleum Corporation (OXY)vs › | $55.61B | 10.11 |
Trailing P/E
12.4
reported TTM EPS
Forward P/E
12.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $1.56 implies -3.7% EPS decline vs the reported trailing $1.62.
At today's $20.13 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 | $1.56 | $1.38 – $1.88 | 8 | 12.9x |
| 2027-12-31 | $1.62 | $1.47 – $1.97 | 10 | 12.4x |
| 2028-12-31 | $1.74 | $1.16 – $2.09 | 7 | 11.6x |
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
