Question 1

What is Kinder Morgan's P/E ratio?

Accepted Answer

Kinder Morgan (KMI) P/E ratio is 21.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Kinder Morgan?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Kinder Morgan specifically, the relevant sector benchmark is the current sector median of 17.9×.

Question 5

Is Kinder Morgan's P/E ratio high or low?

Accepted Answer

Kinder Morgan's P/E ratio of 21.3× is above its own 5-year average of 20.3× and above the sector median of 17.9×. That places the current reading at the 49th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Kinder Morgan's historical P/E ratio range?

Accepted Answer

In the available daily series, Kinder Morgan (KMI) P/E ratio has ranged from a low of 14.1× in 2023 to a high of 962.8× in 2010. The 5-year average is 20.3× and the 5-year median is 19.7×.

Question 7

What was Kinder Morgan's P/E ratio in 2025?

Accepted Answer

Kinder Morgan (KMI) P/E ratio at the end of 2025 was 20.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Kinder Morgan's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$61.17B	$3.06B	20.0×	-3.3×	Dec 31, 2025
2024	$60.83B	$2.61B	23.3×	+6.9×	Dec 31, 2024
2023	$39.18B	$2.39B	16.4×	+0.4×	Dec 31, 2023
2022	$40.64B	$2.55B	16.0×	-4.2×	Dec 31, 2022
2021	$35.95B	$1.78B	20.2×	-239.8×	Dec 31, 2021
2020	$30.94B	$119.00M	260.0×	+238.1×	Dec 31, 2020
2019	$47.95B	$2.19B	21.9×	+0.4×	Dec 31, 2019
2018	$34.57B	$1.61B	21.5×	-198.6×	Dec 31, 2018
2017	$40.28B	$183.00M	220.1×	+154.9×	Dec 31, 2017
2016	$46.18B	$708.00M	65.2×	-66.2×	Dec 31, 2016
2015	$33.26B	$253.00M	131.4×	+71.4×	Dec 31, 2015
2014	$61.65B	$1.03B	60.1×	+28.9×	Dec 31, 2014
2013	$37.26B	$1.19B	31.2×	-85.0×	Dec 31, 2013
2012	$36.60B	$315.00M	116.2×	+77.9×	Dec 31, 2012
2011	$22.74B	$594.40M	38.3×	—	Dec 31, 2011
2010	$21.95B	−$41.30M	—	—	Dec 31, 2010


Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Exxon Mobil (XOM)	28.0×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
ConocoPhillips (COP)	22.1×
Enbridge (ENB)	21.6×
Halliburton (HAL)	21.2×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
First Solar (FSLR)	12.7×
EQT (EQT)	11.9×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×
Sunrun (RUN)	5.6×

P/E Ratio for Kinder Morgan (KMI)

P/E Ratio daily chart for Kinder Morgan (KMI)

Historical P/E Ratio for Kinder Morgan (KMI) from 2010 to 2025

About P/E Ratio at Kinder Morgan (KMI)

Kinder Morgan P/E Ratio by Year

Kinder Morgan P/E Ratio 2025: 20.0×

Kinder Morgan P/E Ratio 2024: 23.3×

Kinder Morgan P/E Ratio 2023: 16.4×

Kinder Morgan P/E Ratio 2022: 16.0×

Kinder Morgan P/E Ratio 2021: 20.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Kinder Morgan (KMI) Key Financials

P/E Ratio daily chart for Kinder Morgan (KMI)

Historical P/E Ratio for Kinder Morgan (KMI) from 2010 to 2025

About P/E Ratio at Kinder Morgan (KMI)

Kinder Morgan P/E Ratio by Year

Kinder Morgan P/E Ratio 2025: 20.0×

Kinder Morgan P/E Ratio 2024: 23.3×

Kinder Morgan P/E Ratio 2023: 16.4×

Kinder Morgan P/E Ratio 2022: 16.0×

Kinder Morgan P/E Ratio 2021: 20.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Kinder Morgan's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Kinder Morgan?

+Is Kinder Morgan's P/E ratio high or low?

+What is Kinder Morgan's historical P/E ratio range?

+What was Kinder Morgan's P/E ratio in 2025?

+Why does Kinder Morgan's P/E ratio change over time?

Kinder Morgan (KMI) Key Financials