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Western Midstream Partners LPWES +1.30%86 Equity-to-Asset is 0.26 as of Jun. 2026, which is 4% above its 10-year median of 0.25. GuruFocus rates WES with a GF Score™ of 86/100 and a GF Value™ of $45.97 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,034 Oil & Gas companies, Western Midstream Partners LP ranks worse than 76.89% on this metric.
Western Midstream Partners LP (NYSE:WES) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Western Midstream Partners LP Equity-to-Asset Related Terms
Western Midstream Partners LP Equity-to-Asset 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.
Western Midstream Partners LP Equity-to-Asset Chart
For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Western Midstream Partners LP's Equity-to-Asset falls into.
Western Midstream Partners LP Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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 Equity-to-Asset of 0.26 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Western Midstream Partners LP and its competitors. This is near median its historical median of 0.25. Over the past decade, Western Midstream Partners LP's Equity-to-Asset has ranged from 0.11 to 0.29. According to the industry distribution chart, Western Midstream Partners LP ranks #795 out of 1034 companies in the Oil & Gas industry, placing it in the top 76.9%.
Is Western Midstream Partners LP's Equity-to-Asset too high?
Western Midstream Partners LP's current Equity-to-Asset of 0.26 is near median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.29. The Oil & Gas industry median Equity-to-Asset is 0.49. Western Midstream Partners LP's value of 0.26 is 46.9% below this industry median. Based on the distribution chart, Western Midstream Partners LP ranks #795 out of 1034 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Western Midstream Partners LP has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Midstream Partners LP's Equity-to-Asset compare to PAA and DTM?
According to the Oil & Gas industry distribution chart, Western Midstream Partners LP ranks #795 out of 1034 companies for Equity-to-Asset. This places Western Midstream Partners LP in the lower half of its industry. The industry median Equity-to-Asset is 0.49. Western Midstream Partners LP's value of 0.26 is 46.9% below this benchmark. Historically, Western Midstream Partners LP's own Equity-to-Asset has ranged from 0.11 to 0.29 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.49, Western Midstream Partners 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,034 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Midstream Partners LP's current Equity-to-Asset of 0.26 is 46.9% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Western Midstream Partners LP and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Midstream Partners LP's current Equity-to-Asset is 0.26, which is near median its own 10-year median of 0.25. 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 $45.97, compared to a current price of $48.92 — trading 6.4% above its estimated fair value. The current Equity-to-Asset is 0.26, which is near median its 10-year median of 0.25 and 46.9% below the Oil & Gas industry median of 0.49. Western Midstream Partners LP's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current Equity-to-Asset is 0.26 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 $48.92 is trading 6.4% above its estimated GF Value™ of $45.97.
GuruFocus considers Western Midstream Partners LP to be Fairly Valued.
Key valuation signals for WES:
Equity-to-Asset: 0.26 (near median its 10-year median of 0.25)
GF Value™: $45.97 vs. price of $48.92 (6.4% above fair value)
Industry Position: 46.9% below the Oil & Gas median (#795 of 1034)
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.
86GF Score
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