KINDER MORGAN, INC. (KMI)
Natural Gas Transmission
Latest Price
$32.18
TTM P/E
20.63
Normalized P/E
26.59
Div Yield
3.65%
Book Value
14.22
P/B Ratio
2.26
Valuation metrics
adjust assumptions →EPS: $1.37
Book value / share: $14.01
Formula: √(22.5 × EPS × BVPS)
Graham Number
$20.78
35% downside
Norm. op. income: $4.3B (median of 7yr)
Tax rate: 21%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$0.73
98% downside
Base FCF: $3.3B (median of recent 5yr)
Growth: 5%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$12.16
62% downside
EPS: $1.37
Target P/E: 27×
Formula: EPS × P/E
P/E Fair Value
$36.99
+15% upside
Institutional Ownership
63.9% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 173.96M | $5.83B | 7.82% | +1.23M | 2026-03-31 |
| STATE STREET CORP | 125.50M | $4.21B | 5.64% | +8.64M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 124.95M | $4.19B | 5.62% | -- | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 67.32M | $2.26B | 3.03% | -- | 2026-03-31 |
| BANK OF AMERICA CORP /DE/ | 62.02M | $2.08B | 2.79% | +836.6K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 54.94M | $1.83B | 2.47% | +1.91M | 2026-03-31 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 30.37M | $1.02B | 1.36% | +261.2K | 2026-03-31 |
| MORGAN STANLEY | 30.27M | $1.01B | 1.36% | +875.6K | 2026-03-31 |
| GOLDMAN SACHS GROUP INC | 23.86M | $800.0M | 1.07% | +6.14M | 2026-03-31 |
| Invesco Ltd. | 21.58M | $723.0M | 0.97% | +1.04M | 2026-03-31 |