Western Midstream Partners (WES) Price to Book (2012 - 2026)
Western Midstream Partners' Price to Book came in at 4.11 for Q2 2026, down 7.2% from 4.43 a year earlier and down 11.2% from the prior quarter.
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Analysis
Western Midstream Partners (WES) Price to Book (2012 - 2026) Analysis & Trends
For FY2025, Western Midstream Partners' Price to Book was 3.74, down 14.0% from FY2024.
- Going back by year, Price to Book was 4.34 in FY2024 (+18.1%), 3.68 in FY2023 (+10.5%), 3.32 in FY2022 (+14.5%) and 2.90 in FY2021 (+47.2%).
- The five-year range for quarterly Price to Book is 2.76 (Q3 2021) to 4.82 (Q3 2025).
- Year-over-year, Price to Book has declined for three consecutive quarters, with growth averaging 6.0% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in Q3 2021 (growth of 131.7%), and the weakest in Q4 2025 (a decline of 14.0%).
- Business Quant data shows WES's Price to Book at 4.62 (Q1 2026), 3.74 (Q4 2025) and 4.82 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.83 Bn | 102.37 Bn | 4.84 Bn |
| 2 | Williams Companies | 86.40 Bn | 85.12 Bn | 2.54 Bn |
| 3 | Enterprise Products Partners | 78.84 Bn | 77.27 Bn | - |
| 4 | Kinder Morgan | 75.00 Bn | 75.95 Bn | 3.07 Bn |
| 5 | Energy Transfer | 69.04 Bn | 62.48 Bn | 7.40 Bn |
| 6 | Tc Energy | 64.50 Bn | 67.42 Bn | 2.81 Bn |
| 7 | Targa Resources | 62.09 Bn | 61.71 Bn | 2.14 Bn |
| 8 | Cheniere Energy | 59.25 Bn | 59.37 Bn | 5.29 Bn |
| 9 | Oneok | 59.22 Bn | 57.71 Bn | 2.81 Bn |
| 10 | Western Midstream Partners | 18.37 Bn | 16.62 Bn | 1.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.11 |
| Mar 31, 2026 | 4.62 |
| Dec 31, 2025 | 3.74 |
| Sep 30, 2025 | 4.82 |
| Jun 30, 2025 | 4.43 |
| Mar 31, 2025 | 4.68 |
| Dec 31, 2024 | 4.34 |
| Sep 30, 2024 | 4.31 |
| Jun 30, 2024 | 4.41 |
| Mar 31, 2024 | 4.01 |
| Dec 31, 2023 | 3.68 |
| Sep 30, 2023 | 3.50 |
| Jun 30, 2023 | 3.38 |
| Mar 31, 2023 | 3.27 |
| Dec 31, 2022 | 3.32 |
| Sep 30, 2022 | 3.22 |
| Jun 30, 2022 | 2.84 |
| Mar 31, 2022 | 3.11 |
| Dec 31, 2021 | 2.90 |
| Sep 30, 2021 | 2.76 |
API Access
Western Midstream Partners 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=WES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "WES", "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=WES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();