WES Western Midstream Partners PE ratio, current and historical analysis
The current PE ratio for Western Midstream Partners stock as of Nov 21, 2024 is 9.68. This is calculated based on the current EPS of $3.92 and the stock price of $37.93 per share. The P/E ratio has a decrease of 6% from the past four quarters average of 10.3.
WES PE ratio history
The average historical PE ratio of Western Midstream Partners for the last ten years is 24.24. The current PE ratio of 9.68 is 60% below the historical average. Over the past ten years, WES's PE ratio was at its highest in the Mar 2015 quarter at 101.69, when the stock price was $60 and the EPS was $0.59. 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: -70.25% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 11.21 | 25.67% |
| 2022 | 8.92 | -12.72% |
| 2021 | 10.22 | -12.72% |
| 2020 | 11.71 | -5.41% |
| 2019 | 12.38 | -24.56% |
| 2018 | 16.41 | -24.03% |
| 2017 | 21.6 | -21.97% |
| 2016 | 27.68 | -70.25% |
| 2015 | 93.05 | 57.58% |
| 2014 | 59.05 | 6.11% |
WES average PE ratio chart
Currently, WES's PE ratio is greater than its 5-year historical average, but it is below the 3 and 10-year averages.
WES PE vs peers
Compared to its peer stocks EPD and OKE, WES's PE ratio stands lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WES Western Midstream Partners LP | 9.68 | $14.43B |
| EPD Enterprise Products Partners Lp | 12.16 | $70.12B |
| ATO Atmos Energy Corp | 22 | $23.35B |
| OKE Oneok Inc | 24.74 | $68.2B |
Frequently asked questions
What is Western Midstream Partners's PE ratio?
As of Nov 21, 2024, WES stock has a price to earnings ratio of 9.68.
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 9.84.
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 9.59.
What is the highest PE ratio for WES?
Over the last ten years, the quarterly PE ratio reached a historic high of 101.69 in the Mar 2015 quarter.
How does the current PE ratio for WES compare to its historical average?
The current price to earnings ratio of WES is 60% lower than the 10-year historical average.
Why is Western Midstream Partners's PE ratio so low?
WES's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
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 (Nov 21, 2024), Western Midstream Partners's stock price is $37.93. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $3.92. Therefore, Western Midstream Partners's P/E ratio for today is 9.68. PE RATIO(9.68) = STOCK PRICE($37.93) / TTM EPS($3.92)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.