WES
Western Midstream Partners
PE ratio, current and historical analysis
The current PE ratio for Western Midstream Partners stock as of Jun 22, 2026 is 14.05. This is calculated based on the current EPS of $3.06 and the stock price of $42.98 per share. The P/E ratio has an increase of 12% from the past four quarters average of 12.5.
WES PE ratio history
The average historical PE ratio of Western Midstream Partners for the last ten years is 15.14. The current PE ratio of 14.05 is 7% below the historical average. Over the past ten years, WES's PE ratio was at its highest in the Sep 2016 quarter at 42.07, when the stock price was $42.49 and the EPS was $1.01. The lowest value was in the Mar 2020 quarter, when it reached 4.5 with a price of $3.24 and an EPS of $0.72.
Western Midstream Partners PE ratio by year
Maximum annual increase: 57.58% in 2015
Maximum annual decrease: -98.14% in 2013
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 13.21 | 38.91% | $39.5 | $2.99 |
| 2024 | 9.51 | -15.17% | $38.43 | $4.04 |
| 2023 | 11.21 | 25.67% | $29.26 | $2.61 |
| 2022 | 8.92 | -12.72% | $26.85 | $3.01 |
| 2021 | 10.22 | -12.72% | $22.27 | $2.18 |
| 2020 | 11.71 | -5.41% | $13.82 | $1.18 |
| 2019 | 12.38 | -24.56% | $19.69 | $1.59 |
| 2018 | 16.41 | -24.03% | $27.73 | $1.69 |
| 2017 | 21.6 | -21.97% | $37.16 | $1.72 |
| 2016 | 27.68 | -70.25% | $42.35 | $1.53 |
| 2015 | 93.05 | 57.58% | $36.29 | $0.39 |
| 2014 | 59.05 | 6.11% | $60.23 | $1.02 |
| 2013 | 55.65 | -98.14% | $39.51 | $0.71 |
| 2012 | 2,995 | N/A | $29.95 | $0.01 |
| 2011 | N/A | N/A | N/A | N/A |
Western Midstream Partners PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 13.45 | 1.82% | $41.17 | $3.06 |
| Dec 2025 | 13.21 | 14.27% | $39.5 | $2.99 |
| Sep 2025 | 11.56 | -2.28% | $39.29 | $3.4 |
| Jun 2025 | 11.83 | -2.95% | $38.7 | $3.27 |
| Mar 2025 | 12.19 | 28.18% | $40.96 | $3.36 |
| Dec 2024 | 9.51 | -2.56% | $38.43 | $4.04 |
| Sep 2024 | 9.76 | -4.41% | $38.26 | $3.92 |
| Jun 2024 | 10.21 | 2.2% | $39.73 | $3.89 |
| Mar 2024 | 9.99 | -10.88% | $35.55 | $3.56 |
| Dec 2023 | 11.21 | 11.99% | $29.26 | $2.61 |
| Sep 2023 | 10.01 | 1.11% | $27.23 | $2.72 |
| Jun 2023 | 9.9 | 4.32% | $26.52 | $2.68 |
| Mar 2023 | 9.49 | 6.39% | $26.37 | $2.78 |
| Dec 2022 | 8.92 | -2.83% | $26.85 | $3.01 |
| Sep 2022 | 9.18 | 1.21% | $25.16 | $2.74 |
WES Price vs fair value
WES 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, WES's PE ratio is greater than its 3 and 5-year historical averages, but it is below the 10-year average.
PE comparison
Western Midstream Partners's P/E of 14.05 is below the Energy sector and the industry average. Compared to its Energy sector average of 16.89, Western Midstream Partners's P/E is 17% lower.
WES PE vs peers
Compared to its peers OKE and ATO, WES's PE ratio stands lower, however it is higher than EPD's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EPD Enterprise Products Partners Lp | 13.72 | $80.14B |
| WES Western Midstream Partners LP | 14.22 | $17.13B |
| OKE Oneok Inc | 15.68 | $55.41B |
| ATO Atmos Energy Corp | 20.89 | $28.67B |
Frequently asked questions
What is Western Midstream Partners's PE ratio?
As of Jun 22, 2026, WES stock has a price to earnings ratio of 14.05.
What is the 3-year average PE ratio for Western Midstream Partners (WES)?
As an average over the last 3 years, WES stock has a PE ratio of 11.07.
What is the 5-year average PE ratio for Western Midstream Partners (WES)?
As an average over the last 5 years, WES stock has a PE ratio of 10.47.
What is the highest PE ratio for WES?
Over the last ten years, the quarterly PE ratio reached a historic high of 42.07 in the Sep 2016 quarter.
How does the current PE ratio for WES compare to its historical average?
The current price to earnings ratio of WES is 7% lower than the 10-year historical average.
How is WES's PE ratio calculated (Western Midstream Partners PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jun 22, 2026), Western Midstream Partners's stock price is $42.98. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.06. Therefore, Western Midstream Partners's P/E ratio for today is 14.05. PE RATIO(14.05) = STOCK PRICE($42.98) / TTM EPS($3.06)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.