DT Midstream, Inc. (DTM) P/E Ratio History
ExpensiveTrading at 32.3x vs 5Y avg 18.9x · 100th percentile · Material premium to history · Data 2021–2026
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P/E Ratio Analysis
As of June 21, 2026, DT Midstream, Inc. (DTM) trades at a price-to-earnings ratio of 32.3x, with a stock price of $143.30 and trailing twelve-month earnings per share of $4.55.
The current P/E is 72% above its 5-year average of 18.9x. Over the past five years, DTM's P/E has ranged from a low of 12.6x to a high of 29.7x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Energy sector median P/E of 15.5x, DTM trades at a 109% premium to its sector peers. The sector includes 173 companies with P/E ratios ranging from 1.6x to 166.4x.
The PEG ratio of 4.91 (P/E divided by 23% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, DTM commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our DTM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
DTM Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
DTM P/E vs Peers
Natural Gas Pipelines and Storage peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $89B | 34.2 | 0.52 | +18% | |
| $70B | 23.1 | 0.24Best | +17% | |
| $70B | 29.2 | - | -26% | |
| $56B | 30.3 | - | +48% | |
| $54B | 15.7 | 0.51 | +5% | |
| $10B | 25.2 | - | +4% | |
| $25B | 14.5 | 0.41 | +49%Best | |
| $8B | 12.9 | 0.76 | +15% | |
| $3B | 15.3 | - | +10% | |
| $58B | 11.8Lowest | - | +14% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
DTM Historical P/E Data (2021–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $134.67 | $4.54 | 29.7x | +57% |
| FY2025 Q4 | Dec 31 2025 | $119.68 | $4.30 | 27.8x | +48% |
| FY2025 Q3 | - | $113.06 | $3.94 | 28.7x | +52% |
| FY2025 Q2 | Jun 30 2025 | $109.91 | $3.72 | 29.5x | +57% |
| FY2025 Q1 | Mar 31 2025 | $96.48 | $3.66 | 26.4x | +40% |
| FY2024 Q4 | - | $99.43 | $3.59 | 27.7x | +47% |
| FY2024 Q3 | Sep 30 2024 | $78.66 | $4.12 | 19.1x | +1% |
| FY2024 Q2 | Jun 30 2024 | $71.03 | $4.15 | 17.1x | -9% |
| FY2024 Q1 | Mar 31 2024 | $61.10 | $4.10 | 14.9x | -21% |
| FY2023 Q4 | Dec 31 2023 | $54.80 | $3.94 | 13.9x | -26% |
| FY2023 Q3 | Sep 30 2023 | $52.92 | $3.56 | 14.9x | -21% |
| FY2023 Q2 | Jun 30 2023 | $49.57 | $3.79 | 13.1x | -31% |
| FY2023 Q1 | Mar 31 2023 | $49.37 | $3.79 | 13.0x | -31% |
| FY2022 Q4 | Dec 31 2022 | $55.26 | $3.80 | 14.5x | -23% |
| FY2022 Q3 | Sep 30 2022 | $51.89 | $3.85 | 13.5x | -29% |
| FY2022 Q2 | - | $49.02 | $3.46 | 14.2x | -25% |
| FY2022 Q1 | - | $54.26 | $3.23 | 16.8x | -11% |
| FY2021 Q4 | Dec 31 2021 | $47.98 | $3.20 | 15.0x | -20% |
| FY2021 Q3 | - | $46.24 | $3.12 | 14.8x | -21% |
| FY2021 Q2 | Jun 30 2021 | $38.66 | $3.08 | 12.6x | -33% |
Average P/E for displayed period: 18.9x
Full Stock Analysis
Deep dive into DTM consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
DTM — Frequently Asked Questions
Quick answers to the most common questions about buying DTM stock.
What is DTM's P/E ratio?
DT Midstream, Inc. (DTM) trailing twelve-month P/E ratio is 32.3x, based on TTM diluted EPS of $4.55. The 5-year average P/E is 18.9x and the historical range spans 12.6x to 29.7x.
Is DTM stock overvalued or undervalued?
DTM trades at 32.3x P/E, above its 5-year average of 18.9x. The 100th percentile ranking within the 12.6x–29.7x historical range indicates a premium to historical valuation.
Is DTM stock expensive?
Yes, DTM is expensive relative to its own history. The current P/E of 32.3x is above the 5-year average of 18.9x and also above the Energy sector median of 15.5x. The stock sits at the 100th percentile of its 5-year valuation range.
What is DTM's historical P/E range?
Over the past 5 years, DTM's P/E ratio has ranged from 12.6x to 29.7x, with a median of 15.0x and an average of 18.9x. The current P/E of 32.3x places the stock at the 100th percentile of this range. Full historical data spans 2021–2026.
How does DTM's P/E compare to the S&P 500?
DTM trades at 32.3x P/E versus the S&P 500 median of 24.4x. The 32% premium to the market typically reflects higher expected earnings growth or quality.
How does DTM's valuation compare to Energy peers?
DT Midstream, Inc. P/E of 32.3x compares to the Energy sector median of 15.5x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is DTM's PEG ratio?
DTM PEG ratio is 4.91, based on a P/E of 32.3x and EPS growth of 23.1%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is DTM's earnings yield?
DTM earnings yield is 3.09%, the inverse of its 32.3x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.