WES (Western Midstream Partners LP) Shiller PE Ratio: (As of Sep. 21, 2026)

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WES Western Midstream Partners LP WES
86 GF Score
Price $47.29
GF Value $46.97
Valuation Fairly Valued
! 8 Warning Signs
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What is Western Midstream Partners LP Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Midstream Partners LP  (NYSE:WES) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Western Midstream Partners LP Shiller PE Ratio Related Terms


Western Midstream Partners LP Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Western Midstream Partners LP's Shiller PE Ratio 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.

Western Midstream Partners LP Shiller PE Ratio Chart

Western Midstream Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.76 15.67 15.10 17.02 15.41

Western Midstream Partners LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 15.66 15.59 15.31 15.42 15.95

WES vs PAA, VNOM, DTM: Shiller PE Ratio Comparison

For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Western Midstream Partners LP's Shiller PE Ratio falls into.


WES
86GF Score
Western Midstream Partners LP WES
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Midstream Partners LP Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Western Midstream Partners LP's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Western Midstream Partners LP's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.9887/333.9520*333.9520
=0.989

Current CPI (Jun. 2026) = 333.9520.

Western Midstream Partners LP Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.420 241.428 0.581
201612 0.380 241.432 0.526
201703 0.350 243.801 0.479
201706 0.480 244.955 0.654
201709 0.440 246.819 0.595
201712 0.450 246.524 0.610
201803 0.461 249.554 0.617
201806 0.309 251.989 0.409
201809 0.491 252.439 0.649
201812 0.427 251.233 0.567
201903 0.299 254.202 0.393
201906 0.374 256.143 0.488
201909 0.268 256.759 0.348
201912 0.623 256.974 0.809
202003 -0.566 258.115 -0.733
202006 0.603 257.797 0.781
202009 0.550 260.280 0.706
202012 0.621 260.474 0.797
202103 0.440 264.877 0.555
202106 0.548 271.696 0.673
202109 0.606 274.310 0.738
202112 0.591 278.802 0.708
202203 0.747 287.504 0.867
202206 0.741 296.311 0.835
202209 0.665 296.808 0.748
202212 0.850 296.797 0.957
202303 0.516 301.836 0.571
202306 0.641 305.109 0.702
202309 0.704 307.789 0.764
202312 0.739 306.746 0.804
202403 1.466 312.332 1.568
202406 0.968 314.175 1.028
202409 0.736 315.301 0.780
202412 0.851 315.605 0.900
202503 0.789 319.799 0.824
202506 0.873 322.561 0.904
202509 0.867 324.800 0.891
202512 0.465 324.054 0.479
202603 0.855 330.213 0.864
202606 0.989 333.952 0.989

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

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 $47.29 is trading 0.7% above its estimated GF Value™ of $46.97. GuruFocus considers Western Midstream Partners LP to be Fairly Valued.

Key valuation signals for WES:

  • Shiller PE Ratio:
  • GF Value™: $46.97 vs. price of $47.29 (0.7% above fair value)
  • GF Score™: 86/100 with 8 warning signs

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

Industry EnergyOil & Gas
Address 9950 Woodloch Forest Drive, Suite 2800, The Woodlands, TX, USA, 77380
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

Get the complete analysis for WES

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.29
Price
$46.97
GF Value