HESM (Hess Midstream LP) ROE % Adjusted to Book Value: 6.70% (As of Mar. 2026)


HESM Hess Midstream LP HESM
67 GF Score
Price $37.67
GF Value $24.43
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Hess Midstream LP ROE % Adjusted to Book Value?

Hess Midstream LP HESM -0.55% 67 ROE % Adjusted to Book Value is 6.70% as of Mar. 2026. GuruFocus rates HESM with a GF Score™ of 67/100 and a GF Value™ of $24.43 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Hess Midstream LP's ROE % for the quarter that ended in Mar. 2026 was 64.51%. Hess Midstream LP's PB Ratio for the quarter that ended in Mar. 2026 was 9.63. Hess Midstream LP's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 6.70%.


Hess Midstream LP ROE % Adjusted to Book Value Related Terms


Hess Midstream LP ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Hess Midstream LP's ROE % Adjusted to Book Value 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.

Hess Midstream LP ROE % Adjusted to Book Value Chart

Hess Midstream LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.18 6.96 6.37 7.06 8.17

Hess Midstream LP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.16 7.35 8.29 8.32 6.70

HESM vs PAGP, GLNG, INSW: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Midstream subindustry, Hess Midstream LP's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hess Midstream LP's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Hess Midstream LP's ROE % Adjusted to Book Value falls into.


HESM
67GF Score
Hess Midstream LP HESM
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Hess Midstream LP ROE % Adjusted to Book Value Calculation

Hess Midstream LP's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=64.22% / 7.86
=8.17%

Hess Midstream LP's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=64.51% / 9.63
=6.70%

* 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.

What does a ROE % Adjusted to Book Value of 6.70% mean?
Hess Midstream LP (HESM) has a ROE % Adjusted to Book Value of 6.70% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Hess Midstream LP and its competitors.
Is Hess Midstream LP's ROE % Adjusted to Book Value too high?
Hess Midstream LP's current ROE % Adjusted to Book Value is 6.70%. Overall, Hess Midstream LP has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hess Midstream LP's ROE % Adjusted to Book Value compare to PAGP and GLNG?
Hess Midstream LP's ROE % Adjusted to Book Value of 6.70% 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 ROE % Adjusted to Book Value for an Oil & Gas company?
A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Hess Midstream LP and its competitors. Hess Midstream LP's current ROE % Adjusted to Book Value is 6.70%. 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 $24.43, compared to a current price of $37.67 — trading 54.2% above its estimated fair value. The current ROE % Adjusted to Book Value is 6.70%. Hess Midstream LP's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Hess Midstream LP (HESM), the current ROE % Adjusted to Book Value is 6.70% as of Mar. 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 $37.67 is trading 54.2% above its estimated GF Value™ of $24.43. GuruFocus considers Hess Midstream LP to be Significantly Overvalued.

Key valuation signals for HESM:

  • ROE % Adjusted to Book Value: 6.70%
  • GF Value™: $24.43 vs. price of $37.67 (54.2% above fair value)
  • GF Score™: 67/100 with 8 warning signs

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 Business Description

Industry EnergyOil & Gas
Address 1400 Smith Street, Houston, TX, USA, 77002
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.
67GF Score

Get the complete analysis for HESM

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$37.67
Price
$24.43
GF Value