DT Midstream, Inc.

NYSE:DTM Stock Report

Market Cap: US$13.1b

DT Midstream Valuation

Is DTM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of DTM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: DTM ($130.85) is trading below our estimate of future cash flow value ($216.43)

Significantly Below Future Cash Flow Value: DTM is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DTM?

Key metric: As DTM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DTM. This is calculated by dividing DTM's market cap by their current earnings.
What is DTM's PE Ratio?
PE Ratio33x
EarningsUS$403.00m
Market CapUS$13.07b

Price to Earnings Ratio vs Peers

How does DTM's PE Ratio compare to its peers?

The above table shows the PE ratio for DTM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
WES Western Midstream Partners
13x7.84%US$16.8b
AM Antero Midstream
19.9x8.40%US$9.1b
PAA Plains All American Pipeline
17.3x16.81%US$13.7b
HESM Hess Midstream
13.3x12.85%US$7.4b
DTM DT Midstream
33x11.14%US$13.1b

Price-To-Earnings vs Peers: DTM is expensive based on its Price-To-Earnings Ratio (33x) compared to the peer average (15.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does DTM's PE Ratio compare vs other companies in the US Oil and Gas Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TGA TransGlobe Energy
2.2xn/aUS$272.31m
SAFX XCF Global
0.4xn/aUS$37.50m
TOPS Top Ships
2.1xn/aUS$22.44m
MVO MV Oil Trust
1.4xn/aUS$16.10m
DTM 33.0xIndustry Avg. 14.1xNo. of Companies25PE01020304050+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DTM is expensive based on its Price-To-Earnings Ratio (33x) compared to the US Oil and Gas industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is DTM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DTM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: DTM is expensive based on its Price-To-Earnings Ratio (33x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DTM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$130.85
US$126.08
-3.65%
7.48%US$141.00US$108.00n/a13
Feb ’27US$126.02
US$126.08
+0.045%
7.48%US$141.00US$108.00n/a13
Jan ’27US$119.68
US$122.85
+2.65%
7.99%US$137.00US$102.00n/a13
Dec ’26US$121.17
US$120.23
-0.78%
7.36%US$137.00US$102.00n/a13
Nov ’26US$109.49
US$115.75
+5.72%
8.20%US$130.00US$96.00n/a12
Oct ’26US$114.04
US$110.46
-3.14%
6.94%US$118.00US$96.00n/a13
Sep ’26US$104.18
US$110.15
+5.73%
6.75%US$118.00US$96.00n/a13
Aug ’26US$105.61
US$109.46
+3.65%
6.75%US$118.00US$95.00n/a13
Jul ’26US$104.95
US$107.65
+2.57%
6.58%US$118.00US$95.00n/a14
Jun ’26US$104.74
US$105.37
+0.60%
7.19%US$115.00US$89.14n/a14
May ’26US$97.80
US$105.22
+7.59%
7.32%US$115.00US$89.14n/a14
Apr ’26US$98.08
US$105.74
+7.81%
7.09%US$115.00US$90.40n/a14
Mar ’26US$96.09
US$102.78
+6.97%
10.16%US$115.00US$85.00n/a12
Feb ’26US$101.08
US$103.95
+2.84%
10.78%US$118.00US$85.00US$126.0212
Jan ’26US$99.43
US$102.78
+3.37%
10.45%US$118.00US$85.00US$119.689
Dec ’25US$106.12
US$93.77
-11.64%
16.39%US$118.00US$69.71US$121.1710
Nov ’25US$88.96
US$85.34
-4.07%
10.91%US$100.00US$66.00US$109.4911
Oct ’25US$78.85
US$75.61
-4.11%
7.31%US$87.00US$66.00US$114.0411
Sep ’25US$78.59
US$73.79
-6.11%
10.30%US$87.00US$60.00US$104.1811
Aug ’25US$74.86
US$72.06
-3.73%
10.08%US$87.00US$60.00US$105.6111
Jul ’25US$70.22
US$66.06
-5.92%
8.74%US$77.00US$52.00US$104.9511
Jun ’25US$67.08
US$64.70
-3.55%
7.27%US$70.00US$52.00US$104.7411
May ’25US$61.63
US$63.67
+3.31%
7.16%US$70.00US$52.00US$97.8011
Apr ’25US$61.20
US$59.60
-2.61%
7.21%US$65.00US$49.00US$98.0810
Mar ’25US$57.71
US$59.30
+2.76%
6.75%US$63.00US$49.00US$96.0910
Feb ’25US$53.98
US$57.82
+7.11%
7.07%US$63.00US$48.00US$101.0811
US$126.08
Fair Value
3.8% overvalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/09 13:45
End of Day Share Price 2026/02/09 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DT Midstream, Inc. is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Theresa ChenBarclays
Jean Ann SalisburyBofA Global Research
Spiro DounisCitigroup Inc