P/E ratio for Hess Midstream (HESM)
P/E ratio as of March 2023 (TTM): 14.0
According to Hess Midstream's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.9762. At the end of 2020 the company had a P/E ratio of 14.8.
P/E ratio history for Hess Midstream from 2017 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 14.8 | -19.96% |
| 2019 | 18.4 | 37.98% |
| 2018 | 13.4 | 28% |
| 2017 | 10.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PEDEVCO
PED | 13.0 | -7.19% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.