WES (Western Midstream Partners LP) Book Value per Share: $10.66 (As of Jun. 2026)

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WES Western Midstream Partners LP WES
85 GF Score
Price $46.40
GF Value $43.92
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Western Midstream Partners LP Book Value per Share?

Western Midstream Partners LP WES +0.54% 85 Book Value per Share is $10.66 as of Jun. 2026. GuruFocus rates WES with a GF Score™ of 85/100 and a GF Value™ of $43.92 (Fairly Valued). The stock has 9 warning signs investors should review.

Western Midstream Partners LP's book value per share for the quarter that ended in Jun. 2026 was $10.66.

During the past 12 months, Western Midstream Partners LP's average Book Value Per Share Growth Rate was 2.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Western Midstream Partners LP was 16.20% per year. The lowest was -46.60% per year. And the median was 2.40% per year.

Western Midstream Partners LP's current price is $46.40. Its book value per share for the quarter that ended in Jun. 2026 was $10.66. Hence, today's PB Ratio of Western Midstream Partners LP is 4.35.

During the past 13 years, the highest P/B Ratio of Western Midstream Partners LP was 9.82. The lowest was 0.46. And the median was 4.06.

Warning Sign:

Western Midstream Partners LP stock PB Ratio (=5.4) is close to 5-year high of 5.55.


Western Midstream Partners LP  (NYSE:WES) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Western Midstream Partners LP Book Value per Share Related Terms


Western Midstream Partners LP Book Value per Share Historical Data

* Premium members only.

The historical data trend for Western Midstream Partners LP's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Western Midstream Partners LP Book Value per Share Chart

Western Midstream Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.34 7.74 7.63 8.50 9.85

Western Midstream Partners LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.36 8.35 9.85 8.55 10.66

WES vs PAA, DTM, AM: Book Value per Share Comparison

For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Western Midstream Partners LP PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's PB Ratio distribution charts can be found below:

* The bar in red indicates where Western Midstream Partners LP's PB Ratio falls into.


WES
85GF Score
Western Midstream Partners LP WES
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Midstream Partners LP Book Value per Share Calculation

Western Midstream Partners LP's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(4,021-0)/408
=9.85

Western Midstream Partners LP's Book Value Per Share for the quarter that ended in Jun. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(4,258-0)/399
=10.66

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of $10.66 mean?
Western Midstream Partners LP (WES) has a Book Value per Share of $10.66 as of Jun. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Western Midstream Partners LP and its competitors.
Is Western Midstream Partners LP's Book Value per Share too high?
Western Midstream Partners LP's current Book Value per Share is $10.66. Overall, Western Midstream Partners LP has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Midstream Partners LP's Book Value per Share compare to PAA and DTM?
Western Midstream Partners LP's Book Value per Share of $10.66 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Oil & Gas company?
A good Book Value per Share depends on the Oil & Gas industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Western Midstream Partners LP and its competitors. Western Midstream Partners LP's current Book Value per Share is $10.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Midstream Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Western Midstream Partners LP (WES) is currently considered Fairly Valued. The stock's GF Value™ is $43.92, compared to a current price of $46.40 — trading 5.6% above its estimated fair value. The current Book Value per Share is $10.66. Western Midstream Partners LP's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current Book Value per Share is $10.66 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Western Midstream Partners LP (WES) Overvalued in 2026?

Based on GuruFocus' analysis, Western Midstream Partners LP stock appears to be overvalued. The current stock price of $46.40 is trading 5.6% above its estimated GF Value™ of $43.92. GuruFocus considers Western Midstream Partners LP to be Fairly Valued.

Key valuation signals for WES:

  • Book Value per Share: $10.66
  • GF Value™: $43.92 vs. price of $46.40 (5.6% above fair value)
  • GF Score™: 85/100 with 9 warning signs

No single metric tells the full story. See the WES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Midstream Partners LP Business Description

Industry EnergyOil & Gas
Address 9950 Woodloch Forest Drive, Suite 2800, The Woodlands, TX, USA, 77380
Western Midstream Partners LP is a USA-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma) and Texas.
85GF Score

Get the complete analysis for WES

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.40
Price
$43.92
GF Value