Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hess Midstream LPHESM +1.18%64 EV-to-EBIT is 8.61 as of Jul. 30, 2026, which is 14% above its 10-year median of 7.52. GuruFocus rates HESM with a GF Score™ of 64/100 and a GF Value™ of $24.35 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 690 Oil & Gas companies, Hess Midstream LP ranks better than 66.52% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Hess Midstream LP's Enterprise Value for the quarter that ended in Mar. 2026 was $8,613 Mil.
Hess Midstream LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,025 Mil.
* 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.
Hess Midstream LP EV-to-EBIT Related Terms
Hess Midstream LP EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Hess Midstream LP's EV-to-EBIT 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.
For the Oil & Gas Midstream subindustry, Hess Midstream LP's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
Hess Midstream LP EV-to-EBIT vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hess Midstream LP's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Hess Midstream LP's EV-to-EBIT falls into.
Hess Midstream LP's current Enterprise Value is $8,816 Mil.
Hess Midstream LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,025 Mil.
* 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.
Hess Midstream LP (HESM) has a EV-to-EBIT of 8.61 as of Jul. 30, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Hess Midstream LP and its competitors. This is 14% above median its historical median of 7.52. Over the past decade, Hess Midstream LP's EV-to-EBIT has ranged from 4.76 to 12.76. According to the industry distribution chart, Hess Midstream LP ranks #231 out of 690 companies in the Oil & Gas industry, placing it in the top 33.5%.
Is Hess Midstream LP's EV-to-EBIT too high?
Hess Midstream LP's current EV-to-EBIT of 8.61 is 14% above median its 10-year median of 7.52. Over the past 10 years, this metric has ranged from a low of 4.76 to a high of 12.76. The Oil & Gas industry median EV-to-EBIT is 11.84. Hess Midstream LP's value of 8.61 is 27.3% below this industry median. Based on the distribution chart, Hess Midstream LP ranks #231 out of 690 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Hess Midstream LP has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hess Midstream LP's EV-to-EBIT compare to PAGP and GLNG?
According to the Oil & Gas industry distribution chart, Hess Midstream LP ranks #231 out of 690 companies for EV-to-EBIT. This puts Hess Midstream LP in the upper half of its industry. The industry median EV-to-EBIT is 11.84. Hess Midstream LP's value of 8.61 is 27.3% below this benchmark. Historically, Hess Midstream LP's own EV-to-EBIT has ranged from 4.76 to 12.76 over the past decade. While the company's 10-year median is 7.52 vs. the industry median of 11.84, Hess Midstream LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for an Oil & Gas company?
The median EV-to-EBIT among Oil & Gas companies is 11.84, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hess Midstream LP's current EV-to-EBIT of 8.61 is 27.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Hess Midstream LP and its competitors. For the Oil & Gas industry, the median EV-to-EBIT is 11.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hess Midstream LP's current EV-to-EBIT is 8.61, which is 14% above median its own 10-year median of 7.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hess Midstream LP stock overvalued right now?
Based on GuruFocus' analysis, Hess Midstream LP (HESM) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.35, compared to a current price of $40.45 — trading 66.1% above its estimated fair value. The current EV-to-EBIT is 8.61, which is 14% above median its 10-year median of 7.52 and 27.3% below the Oil & Gas industry median of 11.84. Hess Midstream LP's overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Hess Midstream LP (HESM), the current EV-to-EBIT is 8.61 as of Jul. 30, 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 Hess Midstream LP (HESM) Overvalued in 2026?
Based on GuruFocus' analysis, Hess Midstream LP stock appears to be overvalued.
The current stock price of $40.45 is trading 66.1% above its estimated GF Value™ of $24.35.
GuruFocus considers Hess Midstream LP to be Significantly Overvalued.
Key valuation signals for HESM:
EV-to-EBIT: 8.61 (14% above median its 10-year median of 7.52)
GF Value™: $24.35 vs. price of $40.45 (66.1% above fair value)
Industry Position: 27.3% below the Oil & Gas median (#231 of 690)
No single metric tells the full story. See the HESM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hess Midstream LP is a fee-based, growth-oriented limited partnership that owns, operates, develops, and acquires a portfolio of midstream assets. The company provides fee-based services to Chevron Corporation and generates all of its revenue by charging fees for gathering, compressing, and processing natural gas, fractionating NGLs, gathering, terminaling, loading, and transporting crude oil and NGLs, storing and terminaling propane, and gathering and disposing of produced water. It operates through gathering, processing, and storage, and terminaling and export segments, with the gathering segment contributing the maximum share of revenue and comprising natural gas gathering and compression, as well as crude oil gathering and produced water gathering and disposal assets.
64GF Score
Get the complete analysis for HESM
EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HESM has been successfully added to your 
