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Plains All American Pipeline LP Shiller PE Ratio

: 12.42 (As of Today)
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As of today, Plains All American Pipeline LP's current share price is $24.60. Plains All American Pipeline LP's E10 for the quarter that ended in Mar. 2019 was $1.98. Plains All American Pipeline LP's Shiller P/E Ratio for today is 12.42.

NYSE:PAA' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.26   Max: 35.32
Current: 12.46

9.26
35.32

During the past years, Plains All American Pipeline LP's highest Shiller P/E Ratio was 35.32. The lowest was 9.26. And the median was 23.25.

NYSE:PAA's Shiller PE Ratio is ranked higher than
83% of the 35 Companies
in the Oil & Gas - Midstream industry.

( Industry Median: 19.78 vs. NYSE:PAA: 12.46 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Plains All American Pipeline LP's adjusted earnings per share data for the three months ended in Mar. 2019 was $1.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.98 for the trailing ten years ended in Mar. 2019.


Plains All American Pipeline LP Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Plains All American Pipeline LP Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.59 12.37 18.21 11.75 10.53

Plains All American Pipeline LP Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.30 13.06 13.77 10.53 12.40

Competitive Comparison
* 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.


Plains All American Pipeline LP Shiller PE Ratio Distribution

* The bar in red indicates where Plains All American Pipeline LP's Shiller PE Ratio falls into.



Plains All American Pipeline LP Shiller PE Ratio Calculation

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Plains All American Pipeline LP's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=24.60/1.98
=12.42

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Plains All American Pipeline LP's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Plains All American Pipeline LP's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=1.2/254.202*254.202
=1.200

Current CPI (Mar. 2019) = 254.202.

Plains All American Pipeline LP Quarterly Data

per_share_eps CPI Adj_EPS
200906 0.390 215.693 0.460
200909 0.325 215.969 0.383
200912 0.250 215.949 0.294
201003 0.400 217.631 0.467
201006 0.325 217.965 0.379
201009 0.140 218.439 0.163
201012 0.340 219.179 0.394
201103 0.450 223.467 0.512
201106 0.565 225.722 0.636
201109 0.740 226.889 0.829
201112 0.680 225.672 0.766
201203 0.510 229.392 0.565
201206 0.930 229.478 1.030
201209 0.270 231.407 0.297
201212 0.690 229.601 0.764
201303 1.270 232.773 1.387
201306 0.570 233.504 0.621
201309 0.380 234.149 0.413
201312 0.580 233.049 0.633
201403 0.730 236.293 0.785
201406 0.450 238.343 0.480
201409 0.520 238.031 0.555
201412 0.670 234.812 0.725
201503 0.350 236.119 0.377
201506 -0.060 238.638 -0.064
201509 0.240 237.945 0.256
201512 0.240 236.525 0.258
201603 0.070 238.132 0.075
201606 -0.200 241.018 -0.211
201609 0.400 241.428 0.421
201612 0.140 241.432 0.147
201703 0.580 243.801 0.605
201706 0.210 244.955 0.218
201709 -0.010 246.819 -0.010
201712 0.190 246.524 0.196
201803 0.330 249.554 0.336
201806 0.070 251.989 0.071
201809 0.870 252.439 0.876
201812 1.380 251.233 1.396
201903 1.200 254.202 1.200

Add all the adjusted EPS together and divide 10 will get our .


  (:) Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


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