Hess Midstream (HESM) Price to Book (2018 - 2026)
Hess Midstream's Price to Book came in at 9.35 for Q3 2026, down 10.8% from 10.48 a year earlier and down 24.8% from the prior quarter.
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Analysis
Hess Midstream (HESM) Price to Book (2018 - 2026) Analysis & Trends
For FY2025, Hess Midstream's Price to Book was 12.82, up 38.0% from FY2024.
- Going back by year, Price to Book was 9.29 in FY2024 (-40.0%), 15.49 in FY2023 (+522.5%), 2.49 in FY2022 (-72.5%) and 9.05 in FY2021.
- The Q3 2026 figure represents the lowest quarterly Price to Book since Q4 2024.
- Year-over-year, Price to Book increased in six of the last eight quarters, with growth averaging 15.5%.
- The fastest year-over-year change in Price to Book over five years came in Q4 2023 (growth of 522.5%), and the weakest in Q4 2022 (a decline of 72.5%).
- Business Quant data shows HESM's Price to Book at 12.44 (Q2 2026), 13.31 (Q1 2026) and 12.82 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.35 |
| Jun 30, 2026 | 12.44 |
| Mar 31, 2026 | 13.31 |
| Dec 31, 2025 | 12.82 |
| Sep 30, 2025 | 10.48 |
| Jun 30, 2025 | 9.94 |
| Mar 31, 2025 | 9.63 |
| Dec 31, 2024 | 9.29 |
| Sep 30, 2024 | 8.31 |
| Jun 30, 2024 | 8.27 |
| Mar 31, 2024 | 7.56 |
| Dec 31, 2023 | 15.49 |
| Sep 30, 2023 | 4.47 |
| Jun 30, 2023 | 4.01 |
| Mar 31, 2023 | 2.91 |
| Dec 31, 2022 | 2.49 |
| Sep 30, 2022 | 2.19 |
| Jun 30, 2022 | 2.53 |
| Mar 31, 2022 | 1.29 |
| Dec 31, 2021 | 9.05 |
API Access
Hess Midstream Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "HESM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();