Energy Transfer price to free cash flow ET

Market value divided by free cash flow over the last twelve months, since 2019.

Today, Oct 22, 2026: 13.2×
8-year median: 8.8×
Against its 8-year history: 74th; percentile: 0 is its lowest day, 100 its highest
8-year range: 2.7× to 416×
Peer median: 21.4×

Energy Transfer's price to free cash flow is 13.2× as of Oct 22, 2026.

That is above its 8-year median of 8.8×, higher than on 74% of days in the last 8 years.

Over that time it ranged from 2.7× in Dec 2021 to 416× in Apr 2019.

The median for 10 oil and gas pipeline stocks of a similar size is 21.4×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	13.2×	11.0×	19.4×
2025	10.8×	7.6×	11.3×
2024	9.7×	6.9×	10.0×
2023	6.9×	5.8×	7.1×
2022	5.9×	3.0×	6.6×
2021	2.7×	2.7×	11.2×
2020	9.9×	6.3×	20.2×
2019	19.3×	17.1×	416×

Against its peers

Companies in Oil & Gas Midstream nearest Energy Transfer's size, closest first, today.

Company	Price to free cash flow
ETEnergy Transfer	13.2×
TRGPTarga Resources	87.5×
KMIKinder Morgan	24.3×
LNGCheniere Energy	22.1×
OKEONEOK	20.8×
MPLXMPLX Lp	18.0×
EPDEnterprise Products Partners	23.1×
WMBWilliams Companies	n/m
VGVenture Global	n/m
CQPCheniere Energy Partners	11.5×
WESWestern Midstream Partners	15.3×
Peer median	21.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Energy Transfer

Valuation data, not investment advice. Prices as of Oct 22, 2026. Reported figures come from the company's filings with the SEC.