IEP Stock Analysis: Icahn Enterprises | NASDAQ

Oil & Gas Refining & Marketing | NASDAQ, USA | Market Cap: 4.955m USD | 12M Return: 11.8% | US4511001012 | Charts, Fundamentals & Technical Analysis

Petroleum, Fertilizers, Automotive Parts, Pharmaceuticals
Total Rating 42
Safety 55
Buy Signal 0.00
Oil & Gas Refining & Marketing
Industry Rotation: +4.9
Market Cap: 4.96B
Avg Turnover: 4.82M
Risk 3d forecast
Volatility26.9%
VaR 5th Pctl4.12%
VaR vs Median-5.92%
Reward TTM
Sharpe Ratio0.41
Rel. Str. IBD57.5
Rel. Str. Peer Group94.4
Character TTM
Beta0.603
Beta Downside0.871
Hurst Exponent0.431
Drawdowns 3y
Max DD52.92%
CAGR/Max DD-0.21
CAGR/Mean DD-0.34
EPS (Earnings per Share) EPS (Earnings per Share) of IEP over the last years for every Quarter: "2021-09": -0.55, "2021-12": -1.72, "2022-03": 1.13, "2022-06": -0.1, "2022-09": -0.33, "2022-12": -0.59, "2023-03": -0.09, "2023-06": -0.34, "2023-09": 0.09, "2023-12": -0.33, "2024-03": -0.04, "2024-06": -0.71, "2024-09": 0.1, "2024-12": -0.19, "2025-03": -0.79, "2025-06": -0.3, "2025-09": 0.49, "2025-12": 0.0017, "2026-03": -0.71, "2026-06": -0.52,
Last SUE: -1.37
Qual. Beats: -2
Revenue Revenue of IEP over the last years for every Quarter: 2021-09: 2611, 2021-12: 2618, 2022-03: 4312, 2022-06: 3244, 2022-09: 3409, 2022-12: 3398, 2023-03: 2920, 2023-06: 2934, 2023-09: 3110, 2023-12: 2959, 2024-03: 2238, 2024-06: 2642, 2024-09: 2706, 2024-12: 2583, 2025-03: 2011, 2025-06: 2419, 2025-09: 2725, 2025-12: 2725, 2026-03: 2173, 2026-06: 3081,
Rev. CAGR: -6.61%
Rev. Trend: -77.0%
Last SUE: 4.00
Qual. Beats: 1

Warnings

Strong Share Dilution
High Debt/EBITDA With Thin Interest Coverage
High Debt While Negative Cash Flow
Interest Coverage Ratio Critical

Tailwinds

No distinct edge detected

Seasonality 11.6 years of data

Jan +6.2% 50
Feb +1.6% 21
Mar -2.2% 33
Apr +1.8% 37
May -2.8% 20
Jun +0.0% 5
Jul +6.1% 78
Aug -1.6% 28
Sep -1.0% 36
Oct -1.5% 14
Nov -1.6% 14
Dec -1.4% 17

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: IEP Icahn Enterprises

Icahn Enterprises L.P. is a diversified industrial conglomerate that operates through seven business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma. The Investment segment deploys proprietary capital across private funds and provides advisory and back-office services, while the Energy segment spans petroleum refining, renewable diesel production from feedstocks such as soybean and corn oil, and nitrogen fertilizer manufacturing. Other operations include automotive repair and aftermarket parts, cellulosic and plastic casings for processed meats, investment and residential real estate (including a resort and two country clubs), home fashion consumer products, and pharmaceutical development and services. The company operates in the United States and internationally, was incorporated in 1987, and is headquartered in Sunny Isles Beach, Florida. As an industrial conglomerate, Icahn Enterprises follows a holding-company model that aggregates unrelated businesses under a single corporate parent, with segment performance typically tied to commodity price cycles and capital allocation decisions.

Headlines to Watch Out For
  • Energy segment margins swing with crack spreads and RIN credit prices
  • Investment portfolio returns drive distributable cash flow coverage
  • Activist stakes in public companies boost NAV and hedge gains
Piotroski VR-10 (Strict) 3.0
Net Income: -517.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.02 > 0.02 and ΔFCF/TA -1.58 > 1.0
NWC/Revenue: 9.02% < 20% (prev 55.07%; Δ -46.04% < -1%)
CFO/TA 0.01 > 3% & CFO 107.0m > Net Income -517.0m
Net Debt (4.79b) to EBITDA (406.0m): 11.79 < 3
Current Ratio: 1.56 > 1.5 & < 3
Outstanding Shares: last quarter (669.0m) vs 12m ago 22.75% < -2%
Gross Margin: 8.28% > 18% (prev 5.73%; Δ 2.55% > 0.5%)
Asset Turnover: 77.20% > 50% (prev 65.50%; Δ 11.71% > 0%)
Interest Coverage Ratio: -0.40 > 6 (EBIT TTM -194.0m / Interest Expense TTM 491.0m)
Beneish M -2.65
DSRI: 0.87 (Receivables 1.62b/1.68b, Revenue 10.7b/9.72b)
GMI: 0.69 (GM 5.73% / 8.28%)
AQI: 2.17 (AQ_t 0.51 / AQ_t-1 0.24)
SGI: 1.10 (Revenue 10.7b / 9.72b)
TATA: -0.05 (NI -517.0m - CFO 107.0m) / TA 12.9b)
Beneish M = -2.65 (Cap -4..+1) = A
What is the price of IEP shares?

As of September 24, 2026, the stock is trading at USD 7.10 with a total of 900,257 shares traded. Over the past week, the price has changed by +1.94%, over one month by +5.27%, over three months by +4.50% and over the past year by +11.82%.

Current recommended Stop Loss: 6.90 (which is 2.8% or 1.2 ATR below the current price).

Is IEP a buy, sell or hold?

Icahn Enterprises has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy IEP.

  • StrongBuy: 1
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the IEP price?
Analysts Target Price 12 69%
Icahn Enterprises (IEP) - Fundamental Data Overview as of 22 September 2026
Market Cap USD = 4.96b (4.96b USD * 1.0 USD.USD)
P/E Forward = 28.8184
P/S = 0.477
P/B = 4.9109
P/EG = 1.1515
Revenue TTM = 10.7b USD
EBIT TTM = -194.0m USD
EBITDA TTM = 406.0m USD
Long Term Debt = 6.36b USD (from longTermDebt, last quarter)
Short Term Debt = 1.00b USD (from shortTermDebt, last quarter)
Debt = 7.98b USD (from shortLongTermDebtTotal, last quarter) + Leases 139.0m
Net Debt = 4.79b USD (calculated: Debt 7.98b - CCE 3.19b)
Enterprise Value = 9.74b USD (4.96b + Debt 7.98b - CCE 3.19b)
Interest Coverage Ratio = -0.40 (Ebit TTM -194.0m / Interest Expense TTM 491.0m)
EV/FCF = -39.92x (Enterprise Value 9.74b / FCF TTM -244.0m)
FCF Yield = -2.50% (FCF TTM -244.0m / Enterprise Value 9.74b)
FCF Margin = -2.28% (FCF TTM -244.0m / Revenue TTM 10.7b)
Net Margin = -4.83% (Net Income TTM -517.0m / Revenue TTM 10.7b)
Gross Margin = 8.28% ((Revenue TTM 10.7b - Cost of Revenue TTM 9.82b) / Revenue TTM)
Gross Margin QoQ = 6.43% (prev -22.55%)
Tobins Q-Ratio = 0.76 (Enterprise Value 9.74b / Total Assets 12.9b)
Interest Expense / Debt = 6.15% (Interest Expense 491.0m / Debt 7.98b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -153.3m (EBIT -194.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.56 (Total Current Assets 2.69b / Total Current Liabilities 1.72b)
Debt / Equity = 4.40 (Debt 7.98b / totalStockholderEquity, last quarter 1.81b)
Debt / EBITDA = 11.79 (Net Debt 4.79b / EBITDA 406.0m)
 Debt / FCF = -19.61 (negative FCF - burning cash) (Net Debt 4.79b / FCF TTM -244.0m)
 Total Stockholder Equity = 2.31b (last 4 quarters mean from totalStockholderEquity)
RoA = -3.73% (Net Income -517.0m / Total Assets 12.9b)
RoE = -22.42% (Net Income TTM -517.0m / Total Stockholder Equity 2.31b)
RoCE = -2.24% (EBIT -194.0m / Capital Employed (Equity 2.31b + L.T.Debt 6.36b))
 RoIC = -1.32% (negative operating profit) (NOPAT -153.3m / Invested Capital 11.6b)
 WACC = 6.10% (E(4.96b)/V(12.9b) * Re(8.10%) + D(7.98b)/V(12.9b) * Rd(6.15%) * (1-Tc(0.21)))
Discount Rate = 8.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.80 | Cagr: 21.83%
 [DCF] Fair Price = unknown (Cash Flow -244.0m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.37 | # QB: -2
Revenue Correlation: -76.98 | Revenue CAGR: -6.61% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.09 | Chg30d=-10.00% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.40 | Chg30d=-9.09% | Revisions=-25% | GrowthEPS=+176.9% | GrowthRev=-0.9%
EPS next Year (2027-12-31): EPS=0.55 | Chg30d=-12.70% | Revisions=-25% | GrowthEPS=+37.5% | GrowthRev=+6.6%