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Friday 6 November 2026 Export ET’s income statement to Excel — free account

Energy Transfer LP

ET Energy Oil & Gas Midstream

Energy Transfer LP’s revenue for fiscal 2025 (year ended December 2025) was $85.5 billion, up 3.47% from fiscal 2024.

Revenue
+85.9%
EPS
+17.9%
Free cash flow
+215.5%
Total debt
+9.11%

Quarter to September 2026, against a year earlier

18.95 0.10 +0.53%
Market cap
$66.1B
P/E
12.6×
Fwd P/E
12.0×
Dividend yield
8.78%
F-score
5/9
Altman Z
n/a
Beneish M
−2.48
Dividend safety
66/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Energy Transfer LP (ET) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Energy Transfer LP (ET) trades at a P/B ratio of 1.4×. Over the past ten years it has ranged from 0.2× (February 2016) to 1.7× (January 2025); the current reading is higher than 83% of that period. That is below the Oil & Gas Midstream industry median of 1.7× and in line with the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.2× (21.40%)
FY2024 1.6× 34.72%
FY2023 1.2× 12.98%
FY2022 1.0× 53.34%
FY2021 0.7× 27.36%
FY2020 0.5× (46.58%)
FY2019 1.0× 62.95%
FY2018 0.6× (5.87%)
FY2017 0.6× (28.09%)
FY2016 0.9× 45.56%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.4× 3.43%
Jun 2026 1.4× (2.60%)
Mar 2026 1.4× 15.55%
Dec 2025 1.2× (11.69%)
43 more quarters

Against its own ten years

Low 0.2× High 1.7×
Ten-year median 1.0×
Current reading's percentile 86

P/B ratio against peers

Company P/B ratio
ET Energy Transfer LP 1.4×
OKE ONEOK, Inc. compare 1.7×
KMI Kinder Morgan, Inc. compare 2.1×
EPD Enterprise Products Partners L.P. compare 2.5×
TRP TC Energy Corporation compare 2.6×
WMB Williams Companies, Inc. (The) compare 3.7×
MPLX MPLX LP compare 4.0×
LNG Cheniere Energy, Inc. compare 4.8×
TRGP Targa Resources, Inc. compare 14.8×
Oil & Gas Midstream industry median 1.7×
Energy sector median 1.4×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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