Is Kinder Morgan, Inc. (KMI) undervalued or overvalued?

EvidInvest estimates Kinder Morgan, Inc. (KMI)'s intrinsic value from its latest financials and compares it to the live market price to show the margin of safety. See the full DCF, Graham number, EPV and multiple-based fair-value range at https://evidinvest.com/valuation/KMI.

How is Kinder Morgan, Inc. (KMI)'s fair value calculated?

Kinder Morgan, Inc. (KMI)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples (PE, EV/EBITDA, P/S, P/B) benchmarked against its industry — using data from SEC filings.

What is Kinder Morgan, Inc. (KMI)'s PE ratio versus its industry?

EvidInvest shows Kinder Morgan, Inc. (KMI)'s current and historical PE ratio alongside its sector and industry averages, so you can see whether the stock trades at a premium or discount to peers. Full breakdown at https://evidinvest.com/valuation/KMI.

Kinder Morgan, Inc. (KMI) Intrinsic Value 2026 | EvidInvest

Download the full KMI valuation report (PDF) — free

DCF fair value, Graham number, EPV, key multiples and growth rates in one clean PDF.

KMI Valuation

Fair Value Summary

Daily Price — KMI

$32.33 +23.3% (1Y)

PEG Ratio

Undervalued

0.22x

01 (fair)23+

P/E Ratio20.7x

TTM EPS$1.56

EPS Growth Rate93.9%

Source: 5-Year EPS CAGR

Interpretation

<1 Undervalued

1–2 Fair

>2 Overvalued

PEG = P/E ÷ Annual EPS Growth Rate (%). Peter Lynch's growth-adjusted value metric.

EV/EBITDA

Fairly Valued

12.5x

010 (cheap)1530+

Enterprise Value$93.4B

EBITDA (Annual)$7.5B

Sector Median PE33.3x

Interpretation

<10 Cheap

10–15 Fair

>15 Expensive

EV/EBITDA = Enterprise Value ÷ EBITDA. Capital-structure neutral — preferred by professional investors.

Price/Sales

Overvalued

4.25x

0136+

Market Cap$72.0B

Annual Revenue$16.9B

Current Price$32.33

Interpretation

<1 Very Cheap

1–3 Fair

>3 Expensive

P/S = Market Cap ÷ Revenue. Useful for growth/unprofitable companies. SaaS/high-growth norms higher.

Price/Book

Fairly Valued

2.31x

0136+

Meaningful metric for Energy

Tangible P/B7.70x

Tangible BV/Share: $4.20Goodwill: 64.5% of equity

Excludes goodwill & intangibles — useful when acquisitions inflate book value.

Current Price$32.33

Book Value/Share$14.01

Total Equity$31.2B

Interpretation

<1 Undervalued

1–3 Fair

>3 Expensive

P/B = Price ÷ Book Value per Share. Essential for banks, REITs, and asset-heavy companies.

Graham Number

Overvalued

$20.78

55.6% premium vs current price

Current Price$32.33

EPS$1.37

Book Value / Share$14.01

Interpretation

Price < Graham → Undervalued

Price > Graham → Overvalued

√(22.5 × EPS × Book Value/Share) — Benjamin Graham's intrinsic value estimate.

Earnings Power Value

Overvalued

$14.97

-53.7% vs current price ($32.33)

⚠️ Normal returns

Current Price$32.33

WACC6.1%

NOPAT$4.0B

Book Value / Share$14.01

Greenwald EPV assumes zero future growth — this is the floor value of the business as a going concern.

Valuation Parameters

Options positioning

Full options view: walls, IV term structure, smile →

0.55

Put/Call (OI)

call-heavy

0.91

Put/Call (volume)

21%

ATM IV ~30d

$35

Call wall

44k OI

$27

Put wall

17k OI

CBOE delayed data, nightly snapshot as of 2026-08-18 · walls = largest open-interest strikes above/below spot · market-wide unusual activity

Download the full KMI valuation report (PDF) — free

DCF fair value, Graham number, EPV, key multiples and growth rates in one clean PDF.

KMI Valuation

Fair Value Summary

Daily Price — KMI

$32.33 +23.3% (1Y)

PEG Ratio

Undervalued

0.22x

01 (fair)23+

P/E Ratio20.7x

TTM EPS$1.56

EPS Growth Rate93.9%

Source: 5-Year EPS CAGR

Interpretation

<1 Undervalued

1–2 Fair

>2 Overvalued

PEG = P/E ÷ Annual EPS Growth Rate (%). Peter Lynch's growth-adjusted value metric.

EV/EBITDA

Fairly Valued

12.5x

010 (cheap)1530+

Enterprise Value$93.4B

EBITDA (Annual)$7.5B

Sector Median PE33.3x

Interpretation

<10 Cheap

10–15 Fair

>15 Expensive

EV/EBITDA = Enterprise Value ÷ EBITDA. Capital-structure neutral — preferred by professional investors.

Price/Sales

Overvalued

4.25x

0136+

Market Cap$72.0B

Annual Revenue$16.9B

Current Price$32.33

Interpretation

<1 Very Cheap

1–3 Fair

>3 Expensive

P/S = Market Cap ÷ Revenue. Useful for growth/unprofitable companies. SaaS/high-growth norms higher.

Price/Book

Fairly Valued

2.31x

0136+

Meaningful metric for Energy

Tangible P/B7.70x

Tangible BV/Share: $4.20Goodwill: 64.5% of equity

Excludes goodwill & intangibles — useful when acquisitions inflate book value.

Current Price$32.33

Book Value/Share$14.01

Total Equity$31.2B

Interpretation

<1 Undervalued

1–3 Fair

>3 Expensive

P/B = Price ÷ Book Value per Share. Essential for banks, REITs, and asset-heavy companies.

Graham Number

Overvalued

$20.78

55.6% premium vs current price

Current Price$32.33

EPS$1.37

Book Value / Share$14.01

Interpretation

Price < Graham → Undervalued

Price > Graham → Overvalued

√(22.5 × EPS × Book Value/Share) — Benjamin Graham's intrinsic value estimate.

Earnings Power Value

Overvalued

$14.97

-53.7% vs current price ($32.33)

⚠️ Normal returns

Current Price$32.33

WACC6.1%

NOPAT$4.0B

Book Value / Share$14.01

Greenwald EPV assumes zero future growth — this is the floor value of the business as a going concern.

KMI Valuation

Daily Price — KMI

PEG Ratio

EV/EBITDA

Price/Sales

Price/Book

Graham Number

Earnings Power Value

Valuation Parameters

Options positioning

More on KMI

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Options positioning

KMI Valuation

Daily Price — KMI

PEG Ratio

EV/EBITDA

Price/Sales

Price/Book

Graham Number

Earnings Power Value

Valuation Parameters

More on KMI

Compare with peers

Explore