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Plains GP Holdings LPPAGP -0.23%74 EV-to-EBITDA is 10.44 as of Jul. 26, 2026, which is 0% above its 10-year median of 10.40. GuruFocus rates PAGP with a GF Score™ of 74/100 and a GF Value™ of $19.82 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 761 Oil & Gas companies, Plains GP Holdings LP ranks worse than 64.39% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Plains GP Holdings LP's enterprise value is $29,319 Mil.
Plains GP Holdings LP's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $2,808 Mil. Therefore, Plains GP Holdings LP's EV-to-EBITDA for today is 10.44.
The historical rank and industry rank for Plains GP Holdings LP's EV-to-EBITDA or its related term are showing as below:
PAGP'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -43.13 Med: 10.4 Max: 17.23
Current: 10.44
During the past 13 years, the highest EV-to-EBITDA of Plains GP Holdings LP was 17.23. The lowest was -43.13. And the median was 10.40.
PAGP's EV-to-EBITDA is ranked worse than 64.39% of 761
companies
in the Oil & Gas industry
Industry Median: 7.68
vs PAGP: 10.44
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Plains GP Holdings LP (NAS:PAGP) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Plains GP Holdings LP's PE Ratio (TTM) for today is calculated as:
Plains GP Holdings LP's share price for today is $26.45.
Plains GP Holdings LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.070.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
Plains GP Holdings LP EV-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Plains GP Holdings LP's EV-to-EBITDA 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.
For the Oil & Gas Midstream subindustry, Plains GP Holdings LP's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
Plains GP Holdings LP EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's EV-to-EBITDA falls into.
Plains GP Holdings LP's current Enterprise Value is $29,319 Mil.
Plains GP Holdings LP's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,808 Mil.
* 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 GP Holdings LP (PAGP) has a EV-to-EBITDA of 10.44 as of Jul. 26, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Plains GP Holdings LP. This is near median its historical median of 10.40. According to the industry distribution chart, Plains GP Holdings LP ranks #490 out of 761 companies in the Oil & Gas industry, placing it in the top 64.4%.
Is Plains GP Holdings LP's EV-to-EBITDA too high?
Plains GP Holdings LP's current EV-to-EBITDA of 10.44 is near median its 10-year median of 10.40. The Oil & Gas industry median EV-to-EBITDA is 7.68. Plains GP Holdings LP's value of 10.44 is 35.9% above this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #490 out of 761 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Plains GP Holdings LP has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plains GP Holdings LP's EV-to-EBITDA compare to HESM and GLNG?
According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #490 out of 761 companies for EV-to-EBITDA. This places Plains GP Holdings LP in the lower half of its industry. The industry median EV-to-EBITDA is 7.68. Plains GP Holdings LP's value of 10.44 is 35.9% above this benchmark. While the company's 10-year median is 10.40 vs. the industry median of 7.68, Plains GP Holdings LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.68, based on 761 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains GP Holdings LP's current EV-to-EBITDA of 10.44 is 35.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Plains GP Holdings LP. For the Oil & Gas industry, the median EV-to-EBITDA is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains GP Holdings LP's current EV-to-EBITDA is 10.44, which is near median its own 10-year median of 10.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plains GP Holdings LP stock overvalued right now?
Based on GuruFocus' analysis, Plains GP Holdings LP (PAGP) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.82, compared to a current price of $26.45 — trading 33.5% above its estimated fair value. The current EV-to-EBITDA is 10.44, which is near median its 10-year median of 10.40 and 35.9% above the Oil & Gas industry median of 7.68. Plains GP Holdings LP's overall GF Score™ is 74/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Plains GP Holdings LP (PAGP), the current EV-to-EBITDA is 10.44 as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Plains GP Holdings LP (PAGP) Overvalued in 2026?
Based on GuruFocus' analysis, Plains GP Holdings LP stock appears to be overvalued.
The current stock price of $26.45 is trading 33.5% above its estimated GF Value™ of $19.82.
GuruFocus considers Plains GP Holdings LP to be Significantly Overvalued.
Key valuation signals for PAGP:
EV-to-EBITDA: 10.44 (near median its 10-year median of 10.40)
GF Value™: $19.82 vs. price of $26.45 (33.5% above fair value)
Industry Position: 35.9% above the Oil & Gas median (#490 of 761)
No single metric tells the full story. See the PAGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plains GP Holdings LP owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), and natural gas. The group manages its operations through two operating segments: Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines (including gathering systems), trucks, and, at times, on barges or railcars; and NGL segment operations involve NGL storage and terminalling from NGL assets located in the Southwestern United States. It generates the majority of its revenue from the Crude Oil segment. Its geographic markets are the United States and Canada. It generates the majority of its revenue from the United States.
74GF Score
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