Hess Midstream
HESM
#2068
Rank
$7.84 B
Marketcap
$35.77
Share price
-0.58%
Change (1 day)
18.17%
Change (1 year)

P/E ratio for Hess Midstream (HESM)

P/E ratio as of December 2024 (TTM): 17.6

According to Hess Midstream's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.6207. At the end of 2022 the company had a P/E ratio of 14.7.

P/E ratio history for Hess Midstream from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202214.7-2.91%
202115.23.17%
202014.7-20.24%
201918.437.98%
201813.428%
201710.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
75.3 327.40%๐Ÿ‡บ๐Ÿ‡ธ 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.