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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Western Midstream Partners LP's Goodwill for the quarter that ended in Jun. 2026 was $391 Mil. Western Midstream Partners LP's Total Assets for the quarter that ended in Jun. 2026 was $16,318 Mil.
Therefore, Western Midstream Partners LP's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 was 0.02.
Western Midstream Partners LP (NYSE:WES) Goodwill-to-Asset Explanation
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Western Midstream Partners LP Goodwill-to-Asset Related Terms
Western Midstream Partners LP Goodwill-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 Goodwill-to-Asset Chart
For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-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 Goodwill-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Western Midstream Partners LP's Goodwill-to-Asset falls into.
* 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 Goodwill-to-Asset of 0.02 as of Jun. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Western Midstream Partners LP and its competitors.
Is Western Midstream Partners LP's Goodwill-to-Asset too high?
Western Midstream Partners LP's current Goodwill-to-Asset is 0.02. 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 Goodwill-to-Asset compare to PAA and DTM?
Western Midstream Partners LP's Goodwill-to-Asset of 0.02 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill-to-Asset for an Oil & Gas company?
A good Goodwill-to-Asset depends on the Oil & Gas industry context. However, Goodwill-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Western Midstream Partners LP and its competitors. Western Midstream Partners LP's current Goodwill-to-Asset is 0.02. 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 $46.16, compared to a current price of $49.01 — trading 6.2% above its estimated fair value. The current Goodwill-to-Asset is 0.02. Western Midstream Partners LP's overall GF Score™ is 86/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Western Midstream Partners LP (WES), the current Goodwill-to-Asset is 0.02 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 $49.01 is trading 6.2% above its estimated GF Value™ of $46.16.
GuruFocus considers Western Midstream Partners LP to be Fairly Valued.
Key valuation signals for WES:
Goodwill-to-Asset: 0.02
GF Value™: $46.16 vs. price of $49.01 (6.2% above fair value)
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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Goodwill-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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