HESM
Hess Midstream
PE ratio, current and historical analysis
- Stocks
- Energy
- NYSE: HESM
- PE Ratio
The P/E ratio for Hess Midstream stock stands at 13.43 as of Jun 5, 2026. The calculation is based on the latest EPS of $2.89 and the stock price of $38.82 per share. An increase of 3.5% has been observed in the PE ratio compared to its average of 13.0 of the past four quarters.
HESM PE ratio history
Over the last nine years, the average PE ratio of Hess Midstream has been 15.3. The current 13.43 price-to-earnings ratio is 12% less than the historical average. Analyzing the last nine years, HESM's PE ratio reached its highest point in the Dec 2017 quarter at 26.41, with a price of $19.81 and an EPS of $0.75. The Mar 2020 quarter saw the lowest point at 8, with a price of $10.16 and an EPS of $1.27.
Hess Midstream PE ratio by year
Maximum annual increase: 40.16% in 2019
Maximum annual decrease: -49.38% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 12.02 | -18.51% | $34.5 | $2.87 |
| 2024 | 14.75 | -1.6% | $37.03 | $2.51 |
| 2023 | 14.99 | 1.7% | $31.63 | $2.11 |
| 2022 | 14.74 | -3.47% | $29.92 | $2.03 |
| 2021 | 15.27 | 3.81% | $27.63 | $1.81 |
| 2020 | 14.71 | -21.5% | $19.57 | $1.33 |
| 2019 | 18.74 | 40.16% | $22.68 | $1.21 |
| 2018 | 13.37 | -49.38% | $16.98 | $1.27 |
| 2017 | 26.41 | N/A | $19.81 | $0.75 |
| 2016 | N/A | N/A | N/A | N/A |
| 2015 | N/A | N/A | N/A | N/A |
Hess Midstream PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 13.45 | 11.9% | $38.87 | $2.89 |
| Dec 2025 | 12.02 | -1.56% | $34.5 | $2.87 |
| Sep 2025 | 12.21 | -14.07% | $34.55 | $2.83 |
| Jun 2025 | 14.21 | -13.98% | $38.51 | $2.71 |
| Mar 2025 | 16.52 | 12% | $42.29 | $2.56 |
| Dec 2024 | 14.75 | -0.87% | $37.03 | $2.51 |
| Sep 2024 | 14.88 | -5.64% | $35.27 | $2.37 |
| Jun 2024 | 15.77 | -3.07% | $36.44 | $2.31 |
| Mar 2024 | 16.27 | 8.54% | $36.13 | $2.22 |
| Dec 2023 | 14.99 | 4.46% | $31.63 | $2.11 |
| Sep 2023 | 14.35 | -6.94% | $29.13 | $2.03 |
| Jun 2023 | 15.42 | 6.57% | $30.68 | $1.99 |
| Mar 2023 | 14.47 | -1.83% | $28.94 | $2 |
| Dec 2022 | 14.74 | 20.13% | $29.92 | $2.03 |
| Sep 2022 | 12.27 | -14.97% | $25.52 | $2.08 |
HESM Price vs fair value
HESM average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, HESM's PE ratio is under its 3 and 5-year averages.
PE comparison
With a price to earnings (P/E) of 13.43, HESM stands lower than the Energy sector and the industry average. Looking at the Energy sector average of 17.21, Hess Midstream's price to earnings (P/E) is 22% lower.
HESM PE vs peers
| Stock name | PE ratio | Market cap |
|---|---|---|
| HESM Hess Midstream LP | 13.43 | $8B |
| PUMP ProPetro Holding Corp | N/A | $1.81B |
Frequently asked questions
What is Hess Midstream's PE ratio?
As of Jun 5, 2026, HESM stock has a price to earnings ratio of 13.43.
What is the 3-year average PE ratio for Hess Midstream (HESM)?
The 3-year average PE ratio for HESM stock is 14.57.
What is the 5-year average PE ratio for Hess Midstream (HESM)?
The 5-year average PE ratio for HESM stock is 14.77.
What is the highest PE ratio for HESM?
Over the last nine years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 26.41.
How does the current PE ratio for HESM compare to its historical average?
HESM's current price to earnings ratio is 12% below its 9-year historical average.
How is HESM's PE ratio calculated (Hess Midstream PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 5, 2026), Hess Midstream's share price is $38.82. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.89. Therefore, Hess Midstream's price to earnings ratio for today is 13.43. PE RATIO(13.43) = STOCK PRICE($38.82) / TTM EPS($2.89)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.