Fair value (multi-method)
Four independent methods triangulate what ET is worth. The headline is the Forward-DCF intrinsic value at a normalized growth rate; the margin of safety compares it to the current price.
Estimated fair value (Forward DCF)
$23.45
Method range
$9.06 – $23.45
median $19.97
Valuation methods
Each method’s implied fair value per share and its upside versus the current price. Missing methods (no analyst coverage, negative earnings, etc.) are shown as “—”.
| Method | Fair value | Upside vs price |
|---|---|---|
| Forward DCF | $23.45 | +15.12% |
| Exit multiple | $16.94 | -16.85% |
| Analyst target | $23.00 | +12.91% |
| Graham number | $9.06 | -55.53% |
- Forward DCF$23.45
- Exit multiple$16.94
- Analyst target$23.00
- Graham number$9.06
Stock price
$20.37
FCF / share (TTM)
$0.44
3Y FCF CAGR
-23.3%
Fair value @ hist. growth
$1.37
This analysis is for informational purposes only and is not financial advice. Scenario prices and DCF-style figures depend on your assumptions and data from public filings and estimates. They are not forecasts of future returns.
Implied FCF growth
12.6%
per year over your projection horizon
Margin of safety -1,389.0% vs hist-growth DCF
Historical 3Y CAGR
-23.3%
Your model implies
12.6%
Analyst consensus is EPS-only — no comparable FCF / share estimate to show on this basis.
Model inputs
Move sliders to test how the reverse DCF reacts. Historical-growth markers show where the company has actually grown over the last cycle.
Undiscounted FCF per share over 10 years at -23% annual growth.
Sensitivity — implied growth vs your assumptions
Each cell shows the per-share growth rate the market would need to justify the current price at that combination of discount rate (rows) and terminal growth (columns). Your selected inputs are highlighted.
| Row axis: discount rate. Column axis: terminal growth.Terminal g →↓ Discount | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 5.4% | 8.5% | 7.2% | 5.7% | 3.9% | 1.8% |
| 6.4% | 11.6% | 10.6% | 9.5% | 8.2% | 6.6% |
| 7.4% | 14.4% | 13.5% | 12.6% | 11.6% | 10.4% |
| 8.4% | 16.9% | 16.1% | 15.4% | 14.5% | 13.6% |
| 9.4% | 19.2% | 18.5% | 17.8% | 17.1% | 16.3% |
Historical multiples
Each bar is the trailing five-year range (low left, high right). Filled portion runs from low to today; the dot marks today; the small tick marks the five-year median. Low, median, and high are listed under each bar.
Net debt
$70.3B
Total debt − cash
Beta
0.55
Vs market benchmark
Frequently asked questions
Energy Transfer LP (ET) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
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- Dividend Calculator
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- Stock Split History2 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.