ET P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
ET's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
ET P/E ratio by year
Yearly range of ET’s p/e ratio from 2016 to 2026. Over the full period it ranged from -70.1 to 24.1, averaging 10.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 11.8 | 13.6 | 15.2 | 13.5 |
| 2025 | 11.9 | 13.8 | 16.5 | 12.2 |
| 2024 | 11.8 | 13.6 | 15.3 | 15.3 |
| 2023 | 8.4 | 10.6 | 13.2 | 13.0 |
| 2022 | 4.6 | 8.4 | 11.6 | 8.9 |
| 2021 | -29.6 | -0.9 | 9.2 | 4.3 |
| 2020 | -70.1 | -7.8 | 13.8 | -21.3 |
| 2019 | 9.1 | 11.6 | 13.2 | 9.5 |
| 2018 | 10.4 | 17.4 | 23.7 | 11.2 |
| 2017 | 18.5 | 21.4 | 24.1 | 21.3 |
| 2016 | 13.8 | 16.4 | 19.6 | 19.3 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is ET P/E ratio High or Low Right Now?
Energy Transfer LP's P/E ratio is currently 13.5, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for ET is approximately 12.7. See all ET valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.