WMB (WMB) Stock Analysis
Verdict: HOLD
AI power demand drives WMB's long-term gas growth, but a 28.5x P/E peer premium and 4.1x Net Debt/EBITDA limit near-term upside.
Investment score: 56/100
Williams Companies benefits from secular natural gas demand and strong 40.3% operating margins, but trades at a rich valuation premium to peers with significant debt leverage.
Peers
| Peer | P/E | P/B | P/S | EV/EBITDA | ROIC % | Net margin % |
|---|---|---|---|---|---|---|
| EPD | 13.40 | 2.79 | 1.43 | 11.05 | — | 0.11 |
| ET | 12.98 | 2.04 | 0.69 | 9.70 | — | 0.06 |
| KMI | 20.26 | 2.22 | 3.92 | 12.71 | — | 0.19 |
| TRGP | 27.72 | 17.16 | 3.73 | 17.21 | — | 0.13 |
| MPLX | 12.80 | 4.32 | 4.70 | 11.64 | — | 0.37 |