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Western Midstream Partners price to book ratio WES

Market value divided by the book value of the company's net assets, since 2013.

Today, Oct 23, 2026
4.4×
10-year median
4.2×
Against its 10-year history
52nd
percentile: 0 is its lowest day, 100 its highest
10-year range
0.4× to 9.7×
Peer median
4.3×

Western Midstream Partners' price to book ratio is 4.4× as of Oct 23, 2026.

That is above its ten-year median of 4.2×, close to the middle of its last ten years.

Over that time it ranged from 0.4× in Apr 2020 to 9.7× in Apr 2017.

The median for 10 oil and gas pipeline stocks of a similar size is 4.3×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far4.4×4.0×5.6×
20255.0×4.3×5.1×
20244.6×3.7×4.9×
20233.9×3.2×4.0×
20223.6×2.9×3.8×
20213.1×2.3×3.3×
20202.2×0.4×3.0×
20192.9×2.5×8.0×
20186.2×6.2×8.6×
20177.6×7.4×9.7×
20168.7×3.9×11.1×
20156.3×5.2×16.4×
201415.8×11.1×16.8×
201312.0×10.6×14.8×

Against its peers

Companies in Oil & Gas Midstream nearest Western Midstream Partners' size, closest first, today.

CompanyPrice to book ratio
WESWestern Midstream Partners4.4×
DTMDT Midstream2.6×
CQPCheniere Energy Partners42.5×
VGVenture Global4.1×
AMAntero Midstream5.1×
KNTKKinetikn/m
SWXSouthwest Gas1.6×
MPLXMPLX Lp4.3×
OKEONEOK2.6×
LNGCheniere Energy10.0×
TRGPTarga Resources17.7×
Peer median4.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Western Midstream Partners

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.