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Hess Midstream LPHESM +1.39%63 EV-to-EBITDA is 7.12 as of Jul. 31, 2026, which is 20% above its 10-year median of 5.93. GuruFocus rates HESM with a GF Score™ of 63/100 and a GF Value™ of $24.34 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 763 Oil & Gas companies, Hess Midstream LP ranks better than 53.6% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Hess Midstream LP's enterprise value is $8,865 Mil.
Hess Midstream LP's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,246 Mil. Therefore, Hess Midstream LP's EV-to-EBITDA for today is 7.12.
The historical rank and industry rank for Hess Midstream LP's EV-to-EBITDA or its related term are showing as below:
HESM'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.25 Med: 5.93 Max: 8.91
Current: 7.12
During the past 13 years, the highest EV-to-EBITDA of Hess Midstream LP was 8.91. The lowest was 3.25. And the median was 5.93.
HESM's EV-to-EBITDA is ranked better than 53.6% of 763
companies
in the Oil & Gas industry
Industry Median: 7.62
vs HESM: 7.12
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Hess Midstream LP's PE Ratio (TTM) for today is calculated as:
Hess Midstream LP's share price for today is $40.83.
Hess Midstream LP's Earnings per Share (Diluted) 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 $2.890.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Hess Midstream LP's EV-to-EBITDA 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-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hess Midstream LP's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Hess Midstream LP's EV-to-EBITDA falls into.
Hess Midstream LP's current Enterprise Value is $8,865 Mil.
Hess Midstream LP's EBITDA 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 $1,246 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-EBITDA of 7.12 as of Jul. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Hess Midstream LP. This is 20% above median its historical median of 5.93. Over the past decade, Hess Midstream LP's EV-to-EBITDA has ranged from 3.25 to 8.91. According to the industry distribution chart, Hess Midstream LP ranks #354 out of 763 companies in the Oil & Gas industry, placing it in the top 46.4%.
Is Hess Midstream LP's EV-to-EBITDA too high?
Hess Midstream LP's current EV-to-EBITDA of 7.12 is 20% above median its 10-year median of 5.93. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 8.91. The Oil & Gas industry median EV-to-EBITDA is 7.62. Hess Midstream LP's value of 7.12 is 6.6% below this industry median. Based on the distribution chart, Hess Midstream LP ranks #354 out of 763 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Hess Midstream LP has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hess Midstream LP's EV-to-EBITDA compare to PAGP and GLNG?
According to the Oil & Gas industry distribution chart, Hess Midstream LP ranks #354 out of 763 companies for EV-to-EBITDA. This puts Hess Midstream LP in the upper half of its industry. The industry median EV-to-EBITDA is 7.62. Hess Midstream LP's value of 7.12 is 6.6% below this benchmark. Historically, Hess Midstream LP's own EV-to-EBITDA has ranged from 3.25 to 8.91 over the past decade. While the company's 10-year median is 5.93 vs. the industry median of 7.62, 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-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.62, based on 763 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hess Midstream LP's current EV-to-EBITDA of 7.12 is 6.6% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Hess Midstream LP. For the Oil & Gas industry, the median EV-to-EBITDA is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hess Midstream LP's current EV-to-EBITDA is 7.12, which is 20% above median its own 10-year median of 5.93. 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 $24.34, compared to a current price of $40.83 — trading 67.7% above its estimated fair value. The current EV-to-EBITDA is 7.12, which is 20% above median its 10-year median of 5.93 and 6.6% below the Oil & Gas industry median of 7.62. Hess Midstream LP's overall GF Score™ is 63/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Hess Midstream LP (HESM), the current EV-to-EBITDA is 7.12 as of Jul. 31, 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 $40.83 is trading 67.7% above its estimated GF Value™ of $24.34.
GuruFocus considers Hess Midstream LP to be Significantly Overvalued.
Key valuation signals for HESM:
EV-to-EBITDA: 7.12 (20% above median its 10-year median of 5.93)
GF Value™: $24.34 vs. price of $40.83 (67.7% above fair value)
Industry Position: 6.6% below the Oil & Gas median (#354 of 763)
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.
63GF Score
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