Based on the most recent data from Aug 14, 2026, HESM's PEG ratio comes in at 2. This metric factors in a PE of 13.98 with an earnings growth rate of 7.0%. Relative to the 1.09 average from the previous four quarters, the PEG ratio has soared by 83%.
Looking at the last eight years, HESM's PEG ratio has has been around 2.22 on average. At 2.0, today's PE to growth ratio sits 10% below its historical average. Within the last eight years, the Jun 2020 quarter recorded the highest PEG value at 18.04. At 0.19, the Dec 2018 quarter showed the minimum PEG ratio in this period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.84 | 12.02 | 14.3% |
| 2024 | 0.78 | 14.75 | 19% |
| 2023 | 3.84 | 14.99 | 3.9% |
| 2022 | 1.21 | 14.74 | 12.2% |
| 2021 | 0.42 | 15.27 | 36.1% |
| 2020 | 1.49 | 14.71 | 9.9% |
| 2019 | N/A | 18.74 | -4.7% |
| 2018 | 0.19 | 13.37 | 69.3% |
| 2017 | N/A | 26.41 | N/A |
| 2016 | N/A | N/A | N/A |
| 2015 | N/A | N/A | N/A |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jun 2026 | 1.85 | 12.97 | 7% |
| Mar 2026 | 1.04 | 13.45 | 12.9% |
| Dec 2025 | 0.84 | 12.02 | 14.3% |
| Sep 2025 | 0.63 | 12.21 | 19.4% |
| Jun 2025 | 0.82 | 14.21 | 17.3% |
| Mar 2025 | 1.08 | 16.52 | 15.3% |
| Dec 2024 | 0.78 | 14.75 | 19% |
| Sep 2024 | 0.89 | 14.88 | 16.7% |
| Jun 2024 | 0.98 | 15.77 | 16.1% |
| Mar 2024 | 1.48 | 16.27 | 11% |
| Dec 2023 | 3.84 | 14.99 | 3.9% |
| Sep 2023 | N/A | 14.35 | -2.4% |
| Jun 2023 | 5.93 | 15.42 | 2.6% |
| Mar 2023 | 2.07 | 14.47 | 7% |
| Dec 2022 | 1.21 | 14.74 | 12.2% |
HESM's PEG ratio today is higher than its 3 and 5-year averages.
With a PEG of 2, HESM is above the Energy sector and the industry average. Compared to its Energy sector average of 0.41, Hess Midstream's PEG is 388% higher.
Based on Aug 14, 2026 data, HESM carries a PEG ratio of 2.
HESM's 3-year PEG ratio average stands at 1.29.
HESM's 5-year PEG ratio average stands at 1.37.
HESM's PEG ratio peaked at 18.04 during the Jun 2020 quarter - the highest in eight years.
HESM currently has a PEG ratio 10% below its 8-year average.
To calculate the PEG ratio, take the company's PE ratio and divide by its EPS growth (YoY TTM). As of Aug 14, 2026, Hess Midstream has a P/E ratio of 13.98. Earnings grew at 7.0% over the TTM period ending Jun 2026. Applying the formula, this produces a price to earnings growth ratio of 2. PEG RATIO(2) = PE RATIO(13.98) / EPS GROWTH(7.0%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.