Kinder Morgan (KMI)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-07-08
$32.47-0.06%
Close 2026-07-08 · 1-day change
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Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 12 valuation methods, at three horizons. Current price $32.47. As of 2026-07-08. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $32 KMI trades at 23× p/e, below its 24× p/e peer median, but our blended $29 fair value sits below the price. We hold it with medium confidence: quality doesn't explain valuation multiples in this sub-industry, so the peer comparison is a weak guide. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
At today's price you pay about 6% over what the business is worth with no growth; closing that gap needs roughly 6.0 years of the forecast growth to come through. These describe the expectations embedded in the price, not a forecast of the move. Reverse-DCF base: $1.19/sh owner earnings.
Roughly priced in line with peers.
Around its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| dcf fcfe | 12M | $39.01 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $32.26 | — | — | Hist. CAGR | high |
| ddm gordon | 12M | $24.91 | — | — | TTM | high |
| graham number | 12M | $21.78 | — | — | TTM | high |
| Mgmt guidance | 12M | $33.36 | 24.5 | 1.36 | Mgmt | high |
| Peer EV/EBITDA | 12M | $13.25 | 8.4 | 3.27 | TTM | high |
| Peer P/FCF | 12M | $30.58 | 17.5 | 1.75 | TTM | high |
| Peer P/E | 12M | $35.33 | 24.5 | 1.44 | TTM | high |
| Peer P/S | 12M | $12.78 | 1.6 | 7.88 | TTM | high |
| residual income | 12M | $16.12 | — | — | TTM | high |
| Own P/E history | 12M | $30.66 | 21.3 | 1.44 | TTM | high |
| triangulated | 12M | $36.58 | 24.5 | 1.49 | Triangulated | high |
| Mgmt guidance | 3Y | $36.23 | 24.5 | 1.48 | Mgmt(prov.) | high |
| Peer P/FCF | 3Y | $34.04 | 17.5 | 1.95 | Hist. CAGR(prov.) | high |
| Peer P/E | 3Y | $39.17 | 24.5 | 1.60 | Analyst | high |
| Peer P/S | 3Y | $14.42 | 1.6 | 8.89 | Analyst | high |
| Own P/E history | 3Y | $34.00 | 21.3 | 1.60 | Analyst | high |
| Mgmt guidance | 5Y | $38.28 | 24.5 | 1.56 | Mgmt(prov.) | high |
| Peer P/FCF | 5Y | $36.57 | 17.5 | 2.09 | Hist. CAGR(prov.) | high |
| Peer P/E | 5Y | $42.38 | 24.5 | 1.73 | Analyst | high |
| Peer P/S | 5Y | $15.60 | 1.6 | 9.62 | Analyst | high |
| Own P/E history | 5Y | $36.79 | 21.3 | 1.73 | Analyst | high |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.