Is Kinder Morgan (KMI) Pricing Fair After Strong Multi‑Year Share Price Performance?

Simply Wall St.02-08

Wondering if Kinder Morgan at around US$30.50 per share is giving you fair value or a stretched price tag? This article walks through what the current market price might be implying about the business...

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This article walks through what the current market price might be implying about the business...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-kmi/kinder-morgan/news/is-kinder-morgan-kmi-pricing-fair-after-strong-multiyear-sha\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BBT3K403.USD","symbol_name":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/us/energy/nyse-kmi/kinder-morgan/news/is-kinder-morgan-kmi-pricing-fair-after-strong-multiyear-sha","article_id":"2609412576","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/company-cover/34952431-main-header/1756256220034"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/energy/nyse-kmi/kinder-morgan/news/is-kinder-morgan-kmi-pricing-fair-after-strong-multiyear-sha","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2609412576","pubTimestamp":1770534385,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Wondering if Kinder Morgan at around US$30.50 per share is giving you fair value or a stretched price tag? This article walks through what the current market price might be implying about the business.\nThe stock has been flat over the last 7 days, with returns of 12.5% over 30 days, 10.1% year to date, 17.7% over 1 year, 94.8% over 3 years and 172.6% over 5 years. 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This article walks through what the current market price might be implying about the business. The stock has been flat over the last 7 days, with returns of 12.5% over 30 days, 10.1% year to date, 17.7% over 1 year, 94.8% over 3 years and 172.6% over 5 years. These figures may catch the eye of investors thinking about where it sits on the risk reward spectrum. Recent interest around Kinder Morgan has been supported by ongoing investor focus on large US energy infrastructure names and their role in moving oil and gas across the country. This backdrop helps frame how the market is currently pricing the stock and why the recent performance figures might matter to you. Kinder Morgan currently has a valuation score of 3 out of 6, which means it screens as undervalued on half of the checks used here. We will look at those different valuation approaches next, before finishing with a simple way to pull all of this valuation work together.  Find out why Kinder Morgan's 17.7% return over the last year is lagging behind its peers. AdvertisementApproach 1: Kinder Morgan Discounted Cash Flow (DCF) Analysis A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and then discounting those back to today using a required return. It is essentially asking what those future dollars are worth in your hands right now. For Kinder Morgan, the model used here is a 2 Stage Free Cash Flow to Equity approach, based on the company’s recent Free Cash Flow of about $2.43b over the last twelve months. Analysts have provided explicit forecasts out to 2030, with projected Free Cash Flow of $4.02b that year. Between now and 2035, Simply Wall St extends those analyst estimates using its own extrapolations, with each future year discounted back to today using the DCF framework. Pulling those discounted cash flows together, the model arrives at an estimated intrinsic value of about $49.63 per share. Compared with a recent share price around $30.50, the DCF output suggests Kinder Morgan is trading at roughly a 38.5% discount to this estimate, which screens as undervalued on this metric. Result: UNDERVALUED Our Discounted Cash Flow (DCF) analysis suggests Kinder Morgan is undervalued by 38.5%. Track this in your watchlist or portfolio, or discover 52 more high quality undervalued stocks. KMI Discounted Cash Flow as at Feb 2026 Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Kinder Morgan. Approach 2: Kinder Morgan Price vs Earnings For profitable companies like Kinder Morgan, the P/E ratio is a useful shorthand for how much the market is paying for each dollar of earnings. It lets you compare price with the business’s current earnings power in a simple way. What counts as a “normal” or “fair” P/E usually reflects what investors expect for growth and how much risk they see in those earnings. Higher growth and perceived stability can support a higher multiple, while slower growth or higher risk often go with a lower one. Kinder Morgan currently trades on a P/E of 22.2x. That sits above the Oil and Gas industry average P/E of about 14.1x and above its peer group average of 18.3x, so the market is putting a higher price on its earnings than these benchmarks suggest. Simply Wall St’s Fair Ratio for Kinder Morgan is 23.1x, which is its estimate of a suitable P/E once you factor in elements like earnings growth, profit margins, industry, market cap and specific risks. This Fair Ratio can be more tailored than a simple industry or peer comparison because it works off the company’s own profile rather than broad group averages. With the current P/E of 22.2x sitting slightly below the Fair Ratio of 23.1x, Kinder Morgan screens as modestly undervalued on this measure. Result: UNDERVALUED NYSE:KMI P/E Ratio as at Feb 2026 P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 22 top founder-led companies. Upgrade Your Decision Making: Choose your Kinder Morgan Narrative Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, which are your way of attaching a clear story to the numbers such as your view of fair value and your assumptions for Kinder Morgan’s future revenue, earnings and margins. A Narrative connects what you believe about the business, for example its projects, competitive position or capital allocation, to a financial forecast and then to an estimated fair value per share, so you can see how your story translates into a number you can compare with today’s price. On Simply Wall St, Narratives are built and shared by millions of investors in the Community page, and the platform keeps them updated when new information such as news or earnings is added, so your view can stay aligned with what is happening without you rebuilding everything from scratch. That means you can quickly see if your Kinder Morgan Narrative suggests a fair value above or below the current price, and different investors can reasonably land on very different fair values, for example one Narrative might point to a much higher value for Kinder Morgan while another might point to a much lower one based on more cautious revenue and margin assumptions. Do you think there's more to the story for Kinder Morgan? Head over to our Community to see what others are saying! NYSE:KMI 1-Year Stock Price Chart  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Kinder Morgan might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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