Icahn Enterprises L.P. (IEP) P/E Ratio History
Historical price-to-earnings valuation from 1993 to 2026
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IEP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
The current P/E is 154% below its 5-year average of 28.3x. Over the past five years, IEP's P/E has ranged from a low of 3.6x to a high of 271.9x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.5x, IEP trades at a 160% discount to its sector peers. The sector includes 413 companies with P/E ratios ranging from 0.0x to 185.3x.
Relative to the broader market, IEP trades at a notable discount to the S&P 500 median P/E of 25.1x. 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 IEP 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.
IEP P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $67B | 15.6Lowest | - | +116%Best | |
| $5B | 21.9 | - | +2% | |
| $60B | 25.3 | 2.00 | -43% | |
| $288B | 22.8 | 1.63 | +77% | |
| $303B | 23.9 | 2.69 | +53% | |
| $96B | 31.5 | 1.51Best | +7% | |
| $89B | 42.9 | - | -29% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
IEP Historical P/E Data (1993–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $7.55 | $0.19 | 39.4x | +98% | |
| FY2021 Q3 | $49.95 | $0.18 | 271.9x | +1268% | |
| FY2019 Q3 | Mon Sep 30 2019 00:00:00 GM | $64.20 | $3.26 | 19.7x | -1% |
| FY2019 Q2 | Sun Jun 30 2019 00:00:00 GM | $72.41 | $4.13 | 17.5x | -12% |
| FY2019 Q1 | Sun Mar 31 2019 00:00:00 GM | $72.50 | $8.29 | 8.7x | -56% |
| FY2018 Q4 | Mon Dec 31 2018 00:00:00 GM | $57.08 | $11.04 | 5.2x | -74% |
| FY2018 Q3 | Sun Sep 30 2018 00:00:00 GM | $70.72 | $4.72 | 15.0x | -25% |
| FY2018 Q2 | Sat Jun 30 2018 00:00:00 GM | $71.06 | $7.61 | 9.3x | -53% |
| FY2018 Q1 | Sat Mar 31 2018 00:00:00 GM | $57.04 | $15.46 | 3.7x | -81% |
| FY2017 Q4 | Sun Dec 31 2017 00:00:00 GM | $53.00 | $14.60 | 3.6x | -82% |
| FY2017 Q3 | Sat Sep 30 2017 00:00:00 GM | $54.86 | $11.51 | 4.8x | -76% |
| FY2017 Q2 | Fri Jun 30 2017 00:00:00 GM | $51.66 | $7.86 | 6.6x | -67% |
Average P/E for displayed period: 19.9x
See IEP's True Return
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Start ComparisonIEP — Frequently Asked Questions
Quick answers to the most common questions about buying IEP stock.
Is IEP stock overvalued or undervalued?
IEP trades at -15.3x P/E, below its 5-year average of 28.3x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does IEP's valuation compare to peers?
Icahn Enterprises L.P. P/E of -15.3x compares to sector median of 25.5x. The discount suggests lower growth expectations or higher risk.
What is IEP's PEG ratio?
IEP PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1993-2026.