WallStSmart

Energy Transfer LP (ET)vsPermian Basin Royalty Trust (PBT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Energy Transfer LP generates 495290% more annual revenue ($85.54B vs $17.27M). PBT leads profitability with a 88.5% profit margin vs 5.2%. ET appears more attractively valued with a PEG of 0.64. ET earns a higher WallStSmart Score of 63/100 (C+).

ET

Buy

63

out of 100

Grade: C+

Growth: 4.0Profit: 5.5Value: 7.3Quality: 5.0

PBT

Buy

51

out of 100

Grade: C-

Growth: 4.7Profit: 8.5Value: 4.7Quality: 5.0
Piotroski: 5/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ETSignificantly Overvalued (-121.3%)

Margin of Safety

-121.3%

Fair Value

$8.23

Current Price

$19.14

$10.91 premium

UndervaluedFair: $8.23Overvalued
PBTSignificantly Overvalued (-755.4%)

Margin of Safety

-755.4%

Fair Value

$2.24

Current Price

$22.02

$19.78 premium

UndervaluedFair: $2.24Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ET5 strengths · Avg: 8.2/10
Market CapQuality
$66.09B9/10

Large-cap with strong market position

PEG RatioValuation
0.648/10

Growing faster than its price suggests

P/E RatioValuation
15.9x8/10

Attractively priced relative to earnings

Price/BookValuation
2.1x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
29.6%8/10

Revenue surging 29.6% year-over-year

PBT3 strengths · Avg: 10.0/10
Return on EquityProfitability
87.8%10/10

Every $100 of equity generates 88 in profit

Profit MarginProfitability
88.5%10/10

Keeps 89 of every $100 in revenue as profit

Operating MarginProfitability
94.3%10/10

Strong operational efficiency at 94.3%

Areas to Watch

ET3 concerns · Avg: 2.3/10
Profit MarginProfitability
5.2%3/10

5.2% margin — thin

EPS GrowthGrowth
-15.2%2/10

Earnings declined 15.2%

Free Cash FlowQuality
$-225.00M2/10

Negative free cash flow — burning cash

PBT4 concerns · Avg: 2.3/10
Market CapQuality
$979.25M3/10

Smaller company, higher risk/reward

P/E RatioValuation
63.7x2/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
-13.6%2/10

Revenue declined 13.6%

EPS GrowthGrowth
-14.8%2/10

Earnings declined 14.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : ET

The strongest argument for ET centers on Market Cap, PEG Ratio, P/E Ratio. Revenue growth of 29.6% demonstrates continued momentum. PEG of 0.64 suggests the stock is reasonably priced for its growth.

Bull Case : PBT

The strongest argument for PBT centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 88.5% and operating margin at 94.3%. PEG of 1.12 suggests the stock is reasonably priced for its growth.

Bear Case : ET

The primary concerns for ET are Profit Margin, EPS Growth, Free Cash Flow.

Bear Case : PBT

The primary concerns for PBT are Market Cap, P/E Ratio, Revenue Growth. A P/E of 63.7x leaves little room for execution misses.

Key Dynamics to Monitor

ET profiles as a growth stock while PBT is a declining play — different risk/reward profiles.

ET carries more volatility with a beta of 0.65 — expect wider price swings.

ET is growing revenue faster at 29.6% — sustainability is the question.

PBT generates stronger free cash flow (12M), providing more financial flexibility.

Bottom Line

ET scores higher overall (63/100 vs 51/100) and 29.6% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Energy Transfer LP

ENERGY · OIL & GAS MIDSTREAM · USA

Energy Transfer LP offers energy related services. The company is headquartered in Dallas, Texas.

Permian Basin Royalty Trust

ENERGY · OIL & GAS MIDSTREAM · USA

The Permian Basin Royalty Trust, an express trust, holds primary royalty interests in various oil and gas properties in the United States. The company is headquartered in Dallas, Texas.

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