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Western Midstream Partners LP (NYSE:WES) EV-to-EBIT Explanation
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.
Western Midstream Partners LP's Enterprise Value for the quarter that ended in Jun. 2026 was $26,645 Mil.
Western Midstream Partners LP's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,750 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.
Western Midstream Partners LP EV-to-EBIT Related Terms
Western Midstream Partners LP EV-to-EBIT Historical Data
* 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, Western Midstream Partners 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.
Western Midstream Partners LP EV-to-EBIT vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Western Midstream Partners LP's EV-to-EBIT falls into.
Western Midstream Partners LP's current Enterprise Value is $27,604 Mil.
Western Midstream Partners LP's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,750 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.
Western Midstream Partners LP (WES) has a EV-to-EBIT of 15.78 as of Aug. 06, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Western Midstream Partners LP and its competitors. This is near median its historical median of 14.79. Over the past decade, Western Midstream Partners LP's EV-to-EBIT has ranged from 8.56 to 38.33. According to the industry distribution chart, Western Midstream Partners LP ranks #475 out of 699 companies in the Oil & Gas industry, placing it in the top 68%.
Is Western Midstream Partners LP's EV-to-EBIT too high?
Western Midstream Partners LP's current EV-to-EBIT of 15.78 is near median its 10-year median of 14.79. Over the past 10 years, this metric has ranged from a low of 8.56 to a high of 38.33. The Oil & Gas industry median EV-to-EBIT is 11.77. Western Midstream Partners LP's value of 15.78 is 34.1% above this industry median. Based on the distribution chart, Western Midstream Partners LP ranks #475 out of 699 companies in the Oil & Gas industry, which is below the industry midpoint. 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 EV-to-EBIT compare to PAA and DTM?
According to the Oil & Gas industry distribution chart, Western Midstream Partners LP ranks #475 out of 699 companies for EV-to-EBIT. This places Western Midstream Partners LP in the lower half of its industry. The industry median EV-to-EBIT is 11.77. Western Midstream Partners LP's value of 15.78 is 34.1% above this benchmark. Historically, Western Midstream Partners LP's own EV-to-EBIT has ranged from 8.56 to 38.33 over the past decade. While the company's 10-year median is 14.79 vs. the industry median of 11.77, Western Midstream Partners LP has consistently been above 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 11.77, based on 699 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. Western Midstream Partners LP's current EV-to-EBIT of 15.78 is 34.1% above 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 Western Midstream Partners LP and its competitors. For the Oil & Gas industry, the median EV-to-EBIT is 11.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Midstream Partners LP's current EV-to-EBIT is 15.78, which is near median its own 10-year median of 14.79. 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 $46.96 — trading 6.9% above its estimated fair value. The current EV-to-EBIT is 15.78, which is near median its 10-year median of 14.79 and 34.1% above the Oil & Gas industry median of 11.77. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current EV-to-EBIT is 15.78 as of Aug. 06, 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 $46.96 is trading 6.9% above its estimated GF Value™ of $43.92.
GuruFocus considers Western Midstream Partners LP to be Fairly Valued.
Key valuation signals for WES:
EV-to-EBIT: 15.78 (near median its 10-year median of 14.79)
GF Value™: $43.92 vs. price of $46.96 (6.9% above fair value)
Industry Position: 34.1% above the Oil & Gas median (#475 of 699)
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 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
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