Cheniere Energy, Inc. (LNG) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↑
11.30
↑+39% vs avg
5yr avg: 8.10
30Y Low5.0·High44.5
P/FCF
↑
22.32
↑+83% vs avg
5yr avg: 12.21
30Y Low4.4·High17.4
P/B Ratio
↓
4.40
+4% vs avg
5yr avg: 4.25
30Y Low0.6·High11.3
ROE
↑
46.1%
↓+107% vs avg
5yr avg: 22.3%
30Y Low-287%·High223%
Debt/EBITDA
↓
3.94
+13% vs avg
5yr avg: 3.49
30Y Low2.2·High44.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LNG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cheniere Energy, Inc. trades at 10.8x earnings, 20% below its 5-year average of 13.5x, sitting at the 33rd percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a discount of 36%. On a free-cash-flow basis, the stock trades at 22.3x P/FCF, 83% above the 5-year average of 12.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $54.9B | $42.8B | $49.2B | $41.4B | $38.0B | $25.7B | $15.2B | $15.8B | $14.7B | $12.6B | $9.5B |
| Enterprise Value | $82.0B | $69.8B | $72.2B | $63.7B | $64.6B | $56.2B | $45.2B | $44.5B | $42.2B | $37.2B | $30.5B |
| P/E Ratio → | 10.83 | 8.06 | 15.13 | 4.19 | 26.59 | — | — | 24.33 | 31.15 | — | — |
| P/S Ratio | 2.80 | 2.18 | 3.12 | 2.04 | 1.13 | 1.46 | 1.61 | 1.69 | 1.84 | 2.22 | 7.37 |
| P/B Ratio | 4.40 | 3.27 | 4.89 | 4.59 | — | — | 6.83 | 6.47 | 7.61 | 10.12 | 11.30 |
| P/FCF | 22.32 | 17.40 | 15.60 | 6.58 | 4.37 | 17.10 | — | — | — | — | — |
| P/OCF | 9.92 | 7.73 | 9.13 | 4.92 | 3.61 | 10.41 | 11.98 | 8.60 | 7.38 | 10.20 | — |
P/E links to full P/E history page with 30-year chart
LNG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cheniere Energy, Inc.'s enterprise value stands at 11.3x EBITDA, 39% above its 5-year average of 8.1x. The Energy sector median is 8.1x, placing the stock at a 39% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.56 | 4.58 | 3.14 | 1.91 | 3.19 | 4.81 | 4.79 | 5.27 | 6.58 | 23.73 |
| EV / EBITDA | 11.30 | 9.63 | 10.71 | 6.73 | 5.04 | 8.40 | 11.77 | 14.51 | 16.21 | 19.82 | 171.76 |
| EV / EBIT | 15.45 | 7.57 | 11.43 | 4.05 | 14.35 | — | 21.84 | 20.75 | 20.06 | 28.30 | — |
| EV / FCF | — | 28.38 | 22.87 | 10.11 | 7.43 | 37.42 | — | — | — | — | — |
LNG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cheniere Energy, Inc. earns an operating margin of 27.0%, above the Energy sector average of 14.5%. Operating margins have compressed from 37.7% to 27.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 46.1% is exceptionally high — well above the sector median of 7.9%. ROIC of 10.9% represents solid returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.0% | 29.0% | 33.5% | 40.0% | 34.2% | 31.9% | 31.1% | 24.1% | 30.6% | 31.6% | 21.1% |
| Operating Margin | 27.0% | 27.0% | 30.7% | 37.7% | 32.9% | 30.0% | 27.9% | 20.7% | 26.9% | 26.9% | 0.3% |
| Net Profit Margin | 27.1% | 27.1% | 20.6% | 48.7% | 4.2% | -13.3% | -0.9% | 7.0% | 5.9% | -7.0% | -47.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 46.1% | 46.1% | 34.1% | 223.3% | — | -214.5% | -3.7% | 29.7% | 29.7% | -37.8% | -50.8% |
| ROA | 11.5% | 11.5% | 7.5% | 23.4% | 3.5% | -6.3% | -0.2% | 1.9% | 1.6% | -1.5% | -2.9% |
| ROIC | 10.9% | 10.9% | 11.3% | 19.9% | 29.2% | 12.6% | 6.2% | 4.8% | 5.8% | 4.8% | 0.0% |
| ROCE | 12.5% | 12.5% | 12.3% | 20.8% | 32.1% | 15.5% | 7.8% | 6.0% | 7.6% | 6.2% | 0.0% |
LNG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cheniere Energy, Inc. carries a Debt/EBITDA ratio of 3.9x, which is moderately leveraged (64% above the sector average of 2.4x). Net debt stands at $27.0B ($28.6B total debt minus $1.6B cash). Interest coverage of 9.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.19 | 2.19 | 2.54 | 2.92 | — | — | 14.27 | 12.84 | 14.76 | 20.43 | 26.14 |
| Debt / EBITDA | 3.94 | 3.94 | 3.80 | 2.78 | 2.18 | 4.77 | 8.25 | 10.18 | 10.94 | 13.51 | 123.38 |
| Net Debt / Equity | — | 2.07 | 2.28 | 2.47 | — | — | 13.54 | 11.82 | 14.25 | 19.85 | 25.10 |
| Net Debt / EBITDA | 3.72 | 3.72 | 3.41 | 2.35 | 2.07 | 4.56 | 7.82 | 9.37 | 10.57 | 13.13 | 118.45 |
| Debt / FCF | — | 10.98 | 7.27 | 3.53 | 3.06 | 20.32 | — | — | — | — | — |
| Interest Coverage | 9.74 | 9.74 | 6.25 | 13.78 | 3.20 | -0.58 | 1.36 | 1.50 | 2.40 | 1.76 | -0.36 |
LNG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.94x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.6B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.63x to 0.94x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.94 | 0.94 | 1.08 | 1.63 | 0.83 | 1.08 | 1.44 | 2.25 | 2.43 | 2.69 | 2.08 |
| Quick Ratio | 0.81 | 0.81 | 0.97 | 1.51 | 0.70 | 0.93 | 1.31 | 2.08 | 2.25 | 2.50 | 1.93 |
| Cash Ratio | 0.40 | 0.40 | 0.59 | 1.05 | 0.20 | 0.30 | 0.74 | 1.32 | 0.56 | 0.58 | 0.81 |
| Asset Turnover | — | 0.40 | 0.36 | 0.47 | 0.82 | 0.45 | 0.26 | 0.26 | 0.25 | 0.20 | 0.05 |
| Inventory Turnover | 26.61 | 26.61 | 20.93 | 27.34 | 26.91 | 17.02 | 22.14 | 22.61 | 17.55 | 15.89 | 6.34 |
| Days Sales Outstanding | — | 25.66 | 16.82 | 19.90 | 21.02 | 31.16 | 25.16 | 19.27 | 26.71 | 23.98 | 59.29 |
LNG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cheniere Energy, Inc. returns 5.7% to shareholders annually — split between a 0.8% dividend yield and 5.0% buyback yield. The payout ratio of 8.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 1.1% | 0.8% | 0.9% | 0.9% | 0.3% | — | — | — | — | — |
| Payout Ratio | 8.5% | 8.5% | 12.7% | 4.0% | 24.4% | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.2% | 12.4% | 6.6% | 23.9% | 3.8% | — | — | 4.1% | 3.2% | — | — |
| FCF Yield | 4.5% | 5.7% | 6.4% | 15.2% | 22.9% | 5.8% | — | — | — | — | — |
| Buyback Yield | 5.0% | 6.4% | 4.6% | 3.6% | 3.6% | 0.0% | 1.0% | 1.6% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 5.7% | 7.4% | 5.4% | 4.5% | 4.5% | 0.4% | 1.0% | 1.6% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $220M | $229M | $243M | $253M | $253M | $252M | $258M | $248M | $233M | $229M |
Peer Comparison
Compare LNG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LNGYou | $55B | 10.8 | 11.3 | 22.3 | 29.0% | 27.0% | 46.1% | 10.9% | 3.9 |
 CQP | $31B | 15.1 | 11.6 | 11.0 | 51.1% | 37.7% | — | 17.0% | 3.9 |
 NEXT | $2B | -6.4 | — | — | — | — | -15.1% | -2.1% | — |
 GLNG | $6B | 84.1 | 39.5 | — | 46.9% | 34.4% | 3.0% | 2.9% | 14.9 |
 NFE | $211M | -0.1 | 117.5 | — | 9.1% | -11.3% | -159.7% | -1.3% | 119.5 |
 DFDV | $125M | -16.1 | — | — | 98.5% | -143.0% | -58.5% | -249.5% | — |
 KMI | $70B | 23.1 | 14.1 | 21.8 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
 ET | $68B | 14.7 | 9.4 | 17.8 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
 WMB | $90B | 34.5 | 17.7 | 89.8 | 42.9% | 36.8% | 17.5% | 7.7% | 4.4 |
 OKE | $54B | 15.8 | 10.2 | 22.0 | 21.5% | 20.7% | 15.2% | 9.6% | 3.9 |
 TRP | $68B | 27.2 | 16.2 | 44.6 | 50.0% | 44.2% | 9.3% | 5.2% | 6.4 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
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Start ComparisonLNG — Frequently Asked Questions
Quick answers to the most common questions about buying LNG stock.
What is Cheniere Energy, Inc.'s P/E ratio?
Cheniere Energy, Inc.'s current P/E ratio is 10.8x. The historical average is 18.2x. This places it at the 33th percentile of its historical range.
What is Cheniere Energy, Inc.'s EV/EBITDA?
Cheniere Energy, Inc.'s current EV/EBITDA is 11.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.6x.
What is Cheniere Energy, Inc.'s ROE?
Cheniere Energy, Inc.'s return on equity (ROE) is 46.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -22.9%.
Is LNG stock overvalued?
Based on historical data, Cheniere Energy, Inc. is trading at a P/E of 10.8x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cheniere Energy, Inc.'s dividend yield?
Cheniere Energy, Inc.'s current dividend yield is 0.78% with a payout ratio of 8.5%.
What are Cheniere Energy, Inc.'s profit margins?
Cheniere Energy, Inc. has 29.0% gross margin and 27.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Cheniere Energy, Inc. have?
Cheniere Energy, Inc.'s Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.