The historical rank and industry rank for Western Midstream Partners LP's EV-to-FCF or its related term are showing as below:
WES'
s EV-to-FCF Range Over the Past 10 Years
Min: -167.86 Med: 15.53 Max: 1077.96
Current: 19.87
During the past 13 years, the highest EV-to-FCF of Western Midstream Partners LP was 1077.96. The lowest was -167.86. And the median was 15.53.
WES's EV-to-FCF is ranked worse than 61.57% of 575
companies
in the Oil & Gas industry
Industry Median: 15.52
vs WES: 19.87
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Western Midstream Partners LP (NYSE:WES) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Western Midstream Partners LP's PE Ratio (TTM) for today is calculated as:
Western Midstream Partners LP's share price for today is $44.62.
Western Midstream Partners 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 $3.060.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Western Midstream Partners LP EV-to-FCF Related Terms
Western Midstream Partners LP EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Western Midstream Partners LP's EV-to-FCF falls into.
Western Midstream Partners LP's current Enterprise Value is $26,637 Mil.
Western Midstream Partners LP's Free Cash Flow 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 $1,340 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-FCF of 19.87 as of Jul. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Western Midstream Partners LP and its competitors. This is 28% above median its historical median of 15.53. According to the industry distribution chart, Western Midstream Partners LP ranks #354 out of 575 companies in the Oil & Gas industry, placing it in the top 61.6%.
Is Western Midstream Partners LP's EV-to-FCF too high?
Western Midstream Partners LP's current EV-to-FCF of 19.87 is 28% above median its 10-year median of 15.53. The Oil & Gas industry median EV-to-FCF is 15.52. Western Midstream Partners LP's value of 19.87 is 28% above this industry median. Based on the distribution chart, Western Midstream Partners LP ranks #354 out of 575 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-FCF compare to PAA and DTM?
According to the Oil & Gas industry distribution chart, Western Midstream Partners LP ranks #354 out of 575 companies for EV-to-FCF. This places Western Midstream Partners LP in the lower half of its industry. The industry median EV-to-FCF is 15.52. Western Midstream Partners LP's value of 19.87 is 28% above this benchmark. While the company's 10-year median is 15.53 vs. the industry median of 15.52, 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.52, based on 575 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF of 19.87 is 28% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Western Midstream Partners LP and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.52 — 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-FCF is 19.87, which is 28% above median its own 10-year median of 15.53. 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 $43.47, compared to a current price of $44.62 — trading 2.6% above its estimated fair value. The current EV-to-FCF is 19.87, which is 28% above median its 10-year median of 15.53 and 28% above the Oil & Gas industry median of 15.52. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current EV-to-FCF is 19.87 as of Jul. 10, 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 $44.62 is trading 2.6% above its estimated GF Value™ of $43.47.
GuruFocus considers Western Midstream Partners LP to be Fairly Valued.
Key valuation signals for WES:
EV-to-FCF: 19.87 (28% above median its 10-year median of 15.53)
GF Value™: $43.47 vs. price of $44.62 (2.6% above fair value)
Industry Position: 28% above the Oil & Gas median (#354 of 575)
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
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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