EQT’s shrinking price-earnings premium compared with global peers

A line chart showing that EQT used to trade about 10 turns of PE multiple above peers, but now is on a similar stock-market rating as the rest

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Note: Share price divided by analysts’ average 12-month forward earnings per share forecast
Peers are Blackstone, Ares, TPG, Apollo, KKR, Carlyle, CVC, Partners Group and Bridgepoint

Source: LSEG Datastream, Breakingviews calculations | L. Proud | February 17, 2025