Hess Midstream

Hess Midstream EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of Hess Midstream (HESM) as of Oct 30, 2026 is 6.17. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 8.29 — a change of -25.51% (lower).

EV/EBIT

6.17

YoY

-25.51%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of Hess Midstream is 2025 6.17 . EV/EBIT (Enterprise Value to EBIT) of Hess Midstream was 2024 8.29 . It decreases by -25.51% lower compared to the previous year.

The Hess Midstream EV/EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EV/EBIT
Date
EV/EBIT
Jan 1, 2019
20.23 USD
Jan 1, 2020
13.21 USD
Jan 1, 2021
10.48 USD
Jan 1, 2022
9.63 USD
Jan 1, 2023
9.32 USD
Jan 1, 2024
8.29 USD
Jan 1, 2025
6.17 USD
Jan 1, 2026 (e)
5.74 USD
The Hess Midstream EV/EBIT history
YEAREV/EBITYoY
est5.74-7.04%
6.17-25.51%
8.29-11.11%
9.32-3.15%
9.63-8.09%
10.48-20.72%
13.21-34.67%
20.23+0.42%
20.14-24.33%
26.62-27.92%
36.92-5.53%
39.08-82.14%
218.89—

Access this data via the Eulerpool API

100,000 free requests/mo · no credit card

Hess Midstream Valuation

Details

Historical Valuation Multiples

ⓘ

Price-to-Earnings Ratio (P/E)

The P/E ratio divides Hess Midstream's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates Hess Midstream's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots Hess Midstream's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if Hess Midstream grows earnings faster than its peers.

Hess Midstream Stock analysis

What does Hess Midstream do? Hess Midstream LP is an oil service company that was founded in 2015 and is headquartered in Houston, Texas. The company is a wholly-owned subsidiary of Hess Corporation and employs approximately 225 employees in the United States. The history of Hess Midstream LP begins with the founding of Hess Corporation in 1933. Since then, the company has grown to become one of the largest independent oil and gas producers in the world. In 2015, Hess Corporation decided to spin off its midstream activities into a separate company and founded Hess Midstream LP. This was done to strengthen Hess Corporation's core business by freeing up resources for the exploration and development of new oil and gas fields. The business model of Hess Midstream LP is based on expertise in the planning, construction, and operation of pipeline systems for natural gas, oil pipelines, and water infrastructure to optimize Hess Corporation's resources. The company supports Hess Corporation by transporting oil and gas from production facilities in the Bakken region and other oil fields in the United States to major refineries and end users. The use of pipelines for oil and gas transportation is more reliable and efficient compared to the use of tank trucks and ships. The various segments of Hess Midstream LP are pipeline transportation, access services, and system optimization. The pipeline transportation segment is responsible for the construction and operation of major oil and gas pipeline systems. It also provides a service team for the professional support of customer installations. The access services segment is responsible for the operation of fuel stations, terminals, shipping channels, and airports. The system optimization segment analyzes pipeline systems and optimizes them to improve efficiency and capacity and reduce operating costs. The products offered by Hess Midstream LP include oil and gas pipelines, water supply systems, fuel stations, terminals, and ship facilities to improve logistics. The company also provides third parties with access to its pipelines and terminals. Hess Midstream LP ultimately sells transportation services to end users who are trying to operate crude oil and gas facilities in an energy-efficient manner. The company has a successful traditional corporate history and has established its market value in the midstream business field. Hess Midstream is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Hess Midstream stock

EV/EBIT (Enterprise Value to EBIT) of Hess Midstream is 6.17 in 2025.

EV/EBIT (Enterprise Value to EBIT) of Hess Midstream changed from 8.29 to 6.17, representing a -25.51% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) Hess Midstream since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s Hess Midstream with sector peers and the industry average to assess whether it is attractive.

Access this data via the Eulerpool API

100,000 free requests/mo · no credit card

Valuation — Hess Midstream

All Key Metrics — Hess Midstream