Enterprise Products Partners L.P.

NYSE:EPD Stock Report

Market Cap: US$68.3b

Enterprise Products Partners Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: EPD ($31.63) is trading below our estimate of fair value ($52.98)

Significantly Below Fair Value: EPD is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EPD. This is calculated by dividing EPD's market cap by their current earnings.
What is EPD's PE Ratio?
PE Ratio11.8x
EarningsUS$5.79b
Market CapUS$68.26b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EPD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.6x
ET Energy Transfer
13.4x13.5%US$60.2b
OKE ONEOK
23.6x11.0%US$65.7b
WMB Williams Companies
24.8x3.0%US$70.5b
KMI Kinder Morgan
24.7x8.1%US$61.7b
EPD Enterprise Products Partners
11.8x4.6%US$68.3b

Price-To-Earnings vs Peers: EPD is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (21.6x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
EPD 11.8xIndustry Avg. 11.7xNo. of Companies16PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EPD is expensive based on its Price-To-Earnings Ratio (11.8x) compared to the US Oil and Gas industry average (11.7x).

Price to Earnings Ratio vs Fair Ratio

What is EPD'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.

EPD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: EPD is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

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 EPD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$31.63
US$34.12
+7.9%
6.1%US$37.00US$31.00n/a18
Nov ’25US$28.82
US$34.12
+18.4%
6.1%US$37.00US$31.00n/a18
Oct ’25US$29.31
US$33.64
+14.8%
5.5%US$37.00US$30.00n/a18
Sep ’25US$29.34
US$33.50
+14.2%
5.7%US$37.00US$30.00n/a19
Aug ’25US$28.56
US$33.39
+16.9%
5.6%US$37.00US$30.00n/a19
Jul ’25US$28.99
US$33.08
+14.1%
5.8%US$37.00US$29.00n/a19
Jun ’25US$28.50
US$32.97
+15.7%
5.8%US$37.00US$29.00n/a20
May ’25US$27.74
US$32.84
+18.4%
5.9%US$37.00US$29.00n/a21
Apr ’25US$29.37
US$31.91
+8.7%
6.0%US$36.00US$27.50n/a21
Mar ’25US$27.75
US$31.77
+14.5%
6.0%US$36.00US$27.50n/a21
Feb ’25US$26.80
US$31.53
+17.7%
6.2%US$36.00US$27.50n/a21
Jan ’25US$26.35
US$31.58
+19.9%
6.0%US$35.00US$27.50n/a21
Dec ’24US$26.91
US$31.58
+17.4%
6.0%US$35.00US$27.50n/a21
Nov ’24US$25.97
US$31.56
+21.5%
6.0%US$35.00US$27.50US$28.8221
Oct ’24US$27.37
US$31.79
+16.1%
5.8%US$35.00US$27.50US$29.3120
Sep ’24US$26.71
US$31.79
+19.0%
5.8%US$35.00US$27.50US$29.3420
Aug ’24US$26.70
US$31.73
+18.8%
6.0%US$35.00US$27.50US$28.5620
Jul ’24US$26.35
US$31.78
+20.6%
6.8%US$37.00US$27.50US$28.9920
Jun ’24US$25.66
US$31.73
+23.7%
6.9%US$37.00US$27.50US$28.5020
May ’24US$26.30
US$31.73
+20.6%
6.9%US$37.00US$27.50US$27.7420
Apr ’24US$25.90
US$31.35
+21.0%
7.3%US$37.00US$27.50US$29.3722
Mar ’24US$25.62
US$31.30
+22.2%
7.6%US$37.00US$27.50US$27.7522
Feb ’24US$25.68
US$31.08
+21.0%
7.6%US$36.00US$27.00US$26.8021
Jan ’24US$24.12
US$31.23
+29.5%
7.3%US$36.00US$27.50US$26.3520
Dec ’23US$24.81
US$31.29
+26.1%
7.3%US$36.00US$27.50US$26.9119
Nov ’23US$25.10
US$31.35
+24.9%
7.0%US$36.00US$27.50US$25.9719

Analyst Forecast: Target price is less than 20% higher than the current share price.

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