Energy Transfer LP
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
10.049.73
Price/Sales ratio
0.590.57
Earnings per Share (EPS)
$1.72$1.77

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
49.6112.2820.2919.5011.106.88118.994.117.7011.0813.0011.10
Price/Sales ratio
0.560.340.530.450.340.620.420.330.400.550.780.34
Price/Book Value ratio
43.61-21.92-16.16-32.250.89-3.06K2.77K978.430.900.991.870.89
Price/Cash Flow ratio
9.894.755.904.202.504.212.262.014.044.565.192.50
Price/Free Cash Flow ratio
-14.23-2.31-4.31-4.63189.9816.507.462.696.466.795.6116.50
Price/Earnings Growth ratio
0.220.13-1.32-2.030.270.12-1.220.00-0.29-0.513.640.27
Dividend Yield
2.60%7.44%5.04%5.41%8.93%9.05%16.81%8.43%8.31%9.73%6.61%9.05%
Profitability Indicator Ratios
Gross Profit Margin
10.01%14.33%17.30%17.28%17.69%20.91%25.12%19.58%14.99%17.38%15.19%20.91%
Operating Profit Margin
4.43%5.69%3.99%6.69%9.88%8.50%5.93%7.88%4.79%10.55%10.79%9.88%
Pretax Profit Margin
2.54%2.35%-0.46%1.75%6.71%9.39%0.96%10.19%6.75%7.12%8.53%6.71%
Net Profit Margin
1.13%2.82%2.65%2.35%3.13%9.03%0.35%8.11%5.29%5.00%6.05%3.13%
Effective Tax Rate
25.19%-10.07%123.29%-258.16%0.11%3.82%62.86%2.67%3.35%5.41%6.33%0.11%
Return on Assets
0.98%1.67%1.25%1.10%1.91%4.95%0.14%5.16%4.50%3.46%4.06%1.91%
Return On Equity
87.91%-178.52%-79.66%-165.33%8.06%-44536.36%2333.33%23782.60%11.69%8.95%13.55%8.06%
Return on Capital Employed
4.28%3.61%2.08%3.46%6.77%5.05%2.59%5.59%4.52%8.09%8.06%6.77%
Liquidity Ratios
Current Ratio
0.901.100.951.350.721.011.06N/AN/AN/A1.070.72
Quick Ratio
0.690.760.641.090.540.760.770.780.920.880.870.54
Cash ratio
0.120.120.060.040.040.030.060.030.020.010.020.03
Days of Sales Outstanding
22.3621.8236.3242.2728.2935.9737.3741.9035.0342.7943.7728.29
Days of Inventory outstanding
10.6816.5426.9622.0113.7416.4721.7613.5511.7513.9312.8716.47
Operating Cycle
33.0538.3763.2864.2842.0452.4459.1455.4646.7956.7356.6442.04
Days of Payables Outstanding
24.5323.2841.7051.3529.1235.3235.1546.0133.2137.5737.6929.12
Cash Conversion Cycle
8.5215.0821.5712.9312.9217.1223.989.4513.5719.1518.9512.92
Debt Ratios
Debt Ratio
0.470.510.550.510.520.510.540.460.450.460.470.51
Debt Equity Ratio
42.58-55.50-35.26-76.402.19-4.63K8.57K2.16K1.181.191.68-4.63K
Long-term Debt to Capitalization
0.971.011.031.010.671.000.990.990.540.530.621.00
Total Debt to Capitalization
0.971.011.021.010.681.000.990.990.540.540.621.00
Interest Coverage Ratio
2.071.661.621.952.813.152.51N/AN/AN/A3.002.81
Cash Flow to Debt Ratio
0.100.080.070.100.160.150.140.220.180.180.210.16
Company Equity Multiplier
89.54-106.89-63.25-149.474.20-8.98K15.85K4.60K2.592.583.53-8.98K
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.050.070.090.100.130.140.180.160.100.120.150.13
Free Cash Flow / Operating Cash Flow Ratio
-0.69-2.05-1.36-0.900.010.250.300.740.620.670.920.01
Cash Flow Coverage Ratio
0.100.080.070.100.160.150.140.220.180.180.210.16
Short Term Coverage Ratio
3.1423.412.8610.722.82400.15368.0516.48N/A8.9848.142.82
Dividend Payout Ratio
129.38%91.42%102.41%105.66%99.23%62.33%2001.42%34.69%64.06%107.95%110.76%99.23%