Western Midstream
WES
#1238
Rank
$14.53 B
Marketcap
$38.20
Share price
1.11%
Change (1 day)
35.27%
Change (1 year)

P/E ratio for Western Midstream (WES)

P/E ratio as of November 2024 (TTM): 13.9

According to Western Midstream 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.9393. At the end of 2022 the company had a P/E ratio of 8.92.

P/E ratio history for Western Midstream from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20228.92-12.68%
202110.2-11.3%
202011.5-8.76%
201912.6-23.08%
201816.4-24.05%
201721.6-21.95%
201627.7-70.25%
201593.156.04%
201459.65.65%
201356.458.26%
201235.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.6-9.87%๐Ÿ‡บ๐Ÿ‡ธ USA
20.0 43.49%๐Ÿ‡บ๐Ÿ‡ธ USA
24.8 77.80%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.