Sunoco LP (SUN) is currently considered expensive on a relative basis, with the stock trading at a 17.84x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is at a premium compared with the broader industry average of 10.43x. A premium valuation generally indicates that the market has strong confidence in the partnership’s prospects. However, this necessitates scrutiny to determine if this higher price is warranted. Image Source: Zacks In ...