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As of today (2024-04-27), Plains All American Pipeline LP's current share price is $17.87. Plains All American Pipeline LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.20. Plains All American Pipeline LP's Cyclically Adjusted Price-to-FCF for today is 14.89.
The historical rank and industry rank for Plains All American Pipeline LP's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Plains All American Pipeline LP's highest Cyclically Adjusted Price-to-FCF was 464.31. The lowest was 6.11. And the median was 32.80.
PAA's Cyclically Adjusted Price-to-FCF is ranked worse thanThe Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.
Plains All American Pipeline LP's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.225. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.20 for the trailing ten years ended in Dec. 2023.
The historical data trend for Plains All American Pipeline LP's Cyclically Adjusted Price-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Plains All American Pipeline LP Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | 11.89 | 14.52 | 14.11 | 14.36 | 12.63 |
For the Oil & Gas Midstream subindustry, Plains All American Pipeline LP's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Plains All American Pipeline LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Plains All American Pipeline LP's Cyclically Adjusted Price-to-FCF falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.
Plains All American Pipeline LP's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 17.87 | / | 1.2 | |
= | 14.89 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Plains All American Pipeline LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Plains All American Pipeline LP's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 1.225 | / | 129.4194 | * | 129.4194 | |
= | 1.225 |
Current CPI (Dec. 2023) = 129.4194.
Plains All American Pipeline LP Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201403 | 0.975 | 99.695 | 1.266 |
201406 | -0.842 | 100.560 | -1.084 |
201409 | -0.515 | 100.428 | -0.664 |
201412 | 0.581 | 99.070 | 0.759 |
201503 | 0.756 | 99.621 | 0.982 |
201506 | -1.668 | 100.684 | -2.144 |
201509 | -0.060 | 100.392 | -0.077 |
201512 | -0.817 | 99.792 | -1.060 |
201603 | 0.659 | 100.470 | 0.849 |
201606 | -1.445 | 101.688 | -1.839 |
201609 | -0.174 | 101.861 | -0.221 |
201612 | -0.330 | 101.863 | -0.419 |
201703 | 0.714 | 102.862 | 0.898 |
201706 | 0.510 | 103.349 | 0.639 |
201709 | 0.314 | 104.136 | 0.390 |
201712 | 0.461 | 104.011 | 0.574 |
201803 | 0.351 | 105.290 | 0.431 |
201806 | 0.050 | 106.317 | 0.061 |
201809 | -0.227 | 106.507 | -0.276 |
201812 | 0.854 | 105.998 | 1.043 |
201903 | 0.941 | 107.251 | 1.136 |
201906 | 0.086 | 108.070 | 0.103 |
201909 | 0.046 | 108.329 | 0.055 |
201912 | 0.580 | 108.420 | 0.692 |
202003 | 0.886 | 108.902 | 1.053 |
202006 | -0.196 | 108.767 | -0.233 |
202009 | 0.203 | 109.815 | 0.239 |
202012 | 0.173 | 109.897 | 0.204 |
202103 | 0.961 | 111.754 | 1.113 |
202106 | 0.208 | 114.631 | 0.235 |
202109 | 0.364 | 115.734 | 0.407 |
202112 | 0.786 | 117.630 | 0.865 |
202203 | 0.339 | 121.301 | 0.362 |
202206 | 1.001 | 125.017 | 1.036 |
202209 | 1.175 | 125.227 | 1.214 |
202212 | 0.274 | 125.222 | 0.283 |
202303 | 0.890 | 127.348 | 0.904 |
202306 | 1.064 | 128.729 | 1.070 |
202309 | -0.074 | 129.860 | -0.074 |
202312 | 1.225 | 129.419 | 1.225 |
Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
Thank you for viewing the detailed overview of Plains All American Pipeline LP's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeremy L. Goebel | officer: EVP & CCO | 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002 |
Ellen Desanctis | director | 12326 OLD OAKS, HOUSTON TX 77024 |
Willie Cw Chiang | director, officer: Chairman & CEO | 370 17TH STREET, SUITE 2775, DENVER CO 80202 |
Chris Herbold | officer: Sr. VP Finance and CAO | 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002 |
Richard K. Mcgee | officer: EVP, General Counsel & Sec. | 333 CLAY STREET, SUITE 1500, HOUSTON TX 77002 |
Al Swanson | officer: EVP & CFO | 333 CLAY STREET, # 1600, HOUSTON TX 77002 |
Kevin S Mccarthy | director | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
Chris R. Chandler | officer: EVP & COO | 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002 |
Harry N Pefanis | director, officer: President | 333 CLAY STREET, STE 1600, HOUSTON TX 77002 |
Plains Gp Holdings Lp | director, 10 percent owner | 333 CLAY ST, SUITE 1600, HOUSTON TX 77002 |
Paa Gp Holdings Llc | director, 10 percent owner | 333 CLAY ST, SUITE 1600, HOUSTON TX 77002 |
Plains All American Gp Llc | director, 10 percent owner | 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002 |
Plains Aap, L.p. | director, 10 percent owner | 333 CLAY STREET, SUITE 1600, HOUSTON TX 77002 |
Chris Temple | director | 3953 MAPLE AVENUE, SUITE 180, DALLAS TX 75219 |
Kayne Anderson Capital Advisors Lp | director, other: See remarks | 2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES CA 90067 |
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