EPD

Enterprise Products Partners L.P.

Energy · $77.3B market cap

Verdict

Share price

$36.18

close of Oct 3, 2026

Fair value

$45.40

Sticker Price

Payback Price

$18.16

buy price

Undervalued

EPD is Undervalued: at $36.18 it trades 20% below its fair value of $45.40. Its buy price (Payback Price) is $18.16, 50% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). It has earned a steady return on its equity for years, and its tangible assets are worth 25% of its share price. For a business like that, book value and the return on it are a sturdier guide than an earnings forecast.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth9.8% a year✗
Equity per share growth4.3% a year✗
Sales growth5.3% a year✗
Free cash flow growth17.7% a year✓
Return on invested capital11.1%✓

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Superinvestors

5 of the investors we track hold EPD. In Q2 2026, 1 added and 1 sold out. Who we track

Moves in Q2 2026

Added: Thomas Gayner

Sold out: Tweedy Browne

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. delivers essential midstream energy services, connecting both producers and consumers of diverse commodities such as natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. Its operations are structured across four distinct business segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and…

Oil & Gas Midstream

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works