Is Western Midstream Partners LP overvalued or undervalued?

As of 3 May 2016, the valuation grade for Western Midstream Partners LP moved from risky to very attractive. The company is currently undervalued based on its financial metrics. The P/E ratio stands at 11, which is lower than its peer Plains All American Pipeline LP at 9.29, while the EV to EBITDA ratio is 9.66, also favorable compared to Antero Midstream Corp. at 13.41. Additionally, Western Midstream boasts a strong ROCE of 15.46% and an impressive ROE of 42.05%.
In the peer comparison, Western Midstream's valuation metrics indicate it is positioned well against its competitors, particularly with a lower P/E ratio than both Plains All American and Antero Midstream. The stock has shown resilience with a year-to-date return of 0.68%, compared to the S&P 500's 2.44%, reflecting a solid performance in a challenging market. Overall, these factors suggest that Western Midstream Partners LP is undervalued relative to its peers and financial performance.