4 models fit Enterprise Products Partners L.P. Common Stock and they partly agree: 2 of 4 land within 15% of the average.
Two or more of our models back this value.
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Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionEnterprise Products Partners L.P. Common Stock (EPD)
Fair value (4 models)
$31.40
ACCE price target
$40.00
Rating
Overvalued
Horizon
12 months
Fair value published on 20 Oct 2026, 16:04 CEST; previously $37.08 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 19 Sept 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $37.08 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
18.1% above
-15.3% to fair value
ACCE score
69
out of 100
Analysts
43% buy
23 covering
P/E
12.7x
forward 11.9x
1-year return
+19.8%
Dividend yield
6.03%
Enterprise Products Partners L.P. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Enterprise Products Partners operates crude oil, natural gas, and petrochemical pipelines and storage terminals across North America, moving roughly 15% of US crude production and storing 250 million barrels of capacity. The business benefits from long-term take-or-pay contracts that lock in revenue regardless of commodity prices, creating stable cash flows in a volatile sector. Volumes are growing as new production from the Permian and Bakken reaches Gulf Coast refineries and export terminals, with management guiding mid-single-digit annual distribution growth through 2027. The forward PE of 11.4x is a 30% discount to the five-year average for midstream peers, while the 20.9% ROE and 11.8% operating margin sit well above the sector median. The distribution yield sits near 6%, supported by coverage ratios above 1.3x, making the valuation compelling for investors seeking inflation-protected cash flow with minimal commodity exposure.