P/E ratio for Western Midstream (WES)
P/E ratio as of April 2024 (TTM): 13.2
According to Western Midstream 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.1912. 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 |
|---|---|---|
| 2022 | 8.92 | -12.68% |
| 2021 | 10.2 | -11.3% |
| 2020 | 11.5 | -8.76% |
| 2019 | 12.6 | -23.08% |
| 2018 | 16.4 | -24.05% |
| 2017 | 21.6 | -21.95% |
| 2016 | 27.7 | -70.25% |
| 2015 | 93.1 | 56.04% |
| 2014 | 59.6 | 5.65% |
| 2013 | 56.4 | 58.26% |
| 2012 | 35.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Atmos Energy ATO | 20.2 | 53.13% | 🇺🇸 USA |
 Oneok OKE | 14.9 | 12.99% | 🇺🇸 USA |
 Enterprise Products EPD | 11.7 | -11.47% | 🇺🇸 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.