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Friday 6 November 2026 Export WMB’s income statement to Excel — free account

Williams Companies, Inc. (The)

WMB Energy Oil & Gas Midstream

Williams Companies, Inc. (The)’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, up 13.8% from fiscal 2024.

Revenue
+10.3%
EPS
+16.9%
Free cash flow
−263.0%
Total debt
+22.0%

Quarter to September 2026, against a year earlier

64.13 0.12 −0.19%
Market cap
$80.3B
P/E
24.6×
Fwd P/E
29.8×
Dividend yield
3.24%
F-score
7/9
Altman Z
1.10
Beneish M
−2.65
Dividend safety
18/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Williams Companies, Inc. (The) (WMB) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, Williams Companies, Inc. (The) (WMB) trades at a P/B ratio of 3.7×. Over the past ten years it has ranged from 0.5× (February 2016) to 6.4× (May 2026); the current reading is higher than 81% of that period. That is above the Oil & Gas Midstream industry median of 1.7× and above the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 4.9× 10.10%
FY2024 4.5× 53.01%
FY2023 2.9× 4.16%
FY2022 2.8× 24.28%
FY2021 2.2× 34.50%
FY2020 1.7× (5.00%)
FY2019 1.8× 30.90%
FY2018 1.3× (15.44%)
FY2017 1.6× (5.39%)
FY2016 1.7× 41.67%

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.9× (33.92%)
Jun 2026 5.9× 0.85%
Mar 2026 5.9× 19.94%
Dec 2025 4.9× (6.05%)
43 more quarters

Against its own ten years

Low 0.5× High 6.4×
Ten-year median 2.0×
Current reading's percentile 80

P/B ratio against peers

Company P/B ratio
ET Energy Transfer LP compare 1.4×
OKE ONEOK, Inc. compare 1.7×
KMI Kinder Morgan, Inc. compare 2.0×
TRP TC Energy Corporation compare 2.5×
EPD Enterprise Products Partners L.P. compare 2.6×
WMB Williams Companies, Inc. (The) 3.7×
MPLX MPLX LP compare 4.0×
LNG Cheniere Energy, Inc. compare 4.8×
TRGP Targa Resources, Inc. compare 14.9×
Oil & Gas Midstream industry median 1.7×
Energy sector median 1.4×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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