Kinder Morgan (KMI) valuation
Kinder Morgan P/E ratio history
Kinder Morgan trades at 20.9 times its earnings over the last twelve months and 21.9 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 16.1 (year to Dec 2022) to 273.4 (year to Dec 2020), with a median of 22.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $27.49 | $1.37 | 20.1 | 20.4 |
| Dec 31, 2024 | $27.40 | $1.17 | 23.4 | 22.3 |
| Dec 31, 2023 | $17.64 | $1.06 | 16.6 | 15.1 |
| Dec 31, 2022 | $18.08 | $1.12 | 16.1 | 16.1 |
| Dec 31, 2021 | $15.86 | $0.78 | 20.3 | 14.6 |
| Dec 31, 2020 | $13.67 | $0.05 | 273.4 | — |
| Dec 31, 2019 | $21.17 | $0.96 | 22.1 | — |
| Dec 31, 2018 | $15.38 | $0.66 | 23.3 | — |
| Dec 31, 2017 | $18.07 | $0.01 | n/m | — |
| Dec 31, 2016 | $20.71 | $0.25 | 82.8 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Kinder Morgan valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Kinder MorganKMI | $75.4B | 20.9 | 21.9 | 4.1 |
| Targa ResourcesTRGP | $67.6B | 30.1 | 26.7 | 4.0 |
| Williams CompaniesWMB | $90.9B | 29.6 | 29.5 | 7.5 |
| OneokOKE | $61.2B | 15.1 | 15.7 | 1.4 |
| Peer median | 29.6 | 26.7 | 4.0 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: KMI financials · KMI returns
No forecast, no recommendation. This page describes Kinder Morgan from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.