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What is Plains All American Pipeline LP EV-to-OCF?
Plains All American Pipeline LPPAA -3.06%75 EV-to-OCF is 11.31 as of Aug. 07, 2026, which is 14% above its 10-year median of 9.93. GuruFocus rates PAA with a GF Score™ of 75/100 and a GF Value™ of $17.33 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 1,023 Oil & Gas companies, Plains All American Pipeline LP ranks worse than 73.61% on this metric.
The historical rank and industry rank for Plains All American Pipeline LP's EV-to-OCF or its related term are showing as below:
PAA'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.86 Med: 9.93 Max: 45.89
Current: 11.31
During the past 13 years, the highest EV-to-OCF of Plains All American Pipeline LP was 45.89. The lowest was 5.86. And the median was 9.93.
PAA's EV-to-OCF is ranked worse than 73.61% of 1023
companies
in the Oil & Gas industry
Industry Median: 5.65
vs PAA: 11.31
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 All American Pipeline LP (NAS:PAA) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 All American Pipeline LP's PE Ratio (TTM) for today is calculated as:
Plains All American Pipeline LP's share price for today is $22.795.
Plains All American Pipeline 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 $1.310.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Plains All American Pipeline LP EV-to-OCF Related Terms
Plains All American Pipeline LP EV-to-OCF Historical Data
* 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 All American Pipeline LP's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 All American Pipeline LP EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains All American Pipeline LP's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Plains All American Pipeline LP's EV-to-OCF falls into.
Plains All American Pipeline LP's current Enterprise Value is $30,719 Mil.
Plains All American Pipeline LP's Cash Flow from Operations 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 $2,715 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 All American Pipeline LP (PAA) has a EV-to-OCF of 11.31 as of Aug. 07, 2026. This is 14% above median its historical median of 9.93. Over the past decade, Plains All American Pipeline LP's EV-to-OCF has ranged from 5.86 to 45.89. According to the industry distribution chart, Plains All American Pipeline LP ranks #753 out of 1023 companies in the Oil & Gas industry, placing it in the top 73.6%.
Is Plains All American Pipeline LP's EV-to-OCF too high?
Plains All American Pipeline LP's current EV-to-OCF of 11.31 is 14% above median its 10-year median of 9.93. Over the past 10 years, this metric has ranged from a low of 5.86 to a high of 45.89. The Oil & Gas industry median EV-to-OCF is 5.65. Plains All American Pipeline LP's value of 11.31 is 100.2% above this industry median. Based on the distribution chart, Plains All American Pipeline LP ranks #753 out of 1023 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Plains All American Pipeline LP has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plains All American Pipeline LP's EV-to-OCF compare to WES and DTM?
According to the Oil & Gas industry distribution chart, Plains All American Pipeline LP ranks #753 out of 1023 companies for EV-to-OCF. This places Plains All American Pipeline LP in the lower half of its industry. The industry median EV-to-OCF is 5.65. Plains All American Pipeline LP's value of 11.31 is 100.2% above this benchmark. Historically, Plains All American Pipeline LP's own EV-to-OCF has ranged from 5.86 to 45.89 over the past decade. While the company's 10-year median is 9.93 vs. the industry median of 5.65, Plains All American Pipeline 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-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.65, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains All American Pipeline LP's current EV-to-OCF of 11.31 is 100.2% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains All American Pipeline LP's current EV-to-OCF is 11.31, which is 14% above median its own 10-year median of 9.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plains All American Pipeline LP stock overvalued right now?
Based on GuruFocus' analysis, Plains All American Pipeline LP (PAA) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.33, compared to a current price of $22.80 — trading 31.5% above its estimated fair value. The current EV-to-OCF is 11.31, which is 14% above median its 10-year median of 9.93 and 100.2% above the Oil & Gas industry median of 5.65. Plains All American Pipeline LP's overall GF Score™ is 75/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Plains All American Pipeline LP (PAA), the current EV-to-OCF is 11.31 as of Aug. 07, 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 All American Pipeline LP (PAA) Overvalued in 2026?
Based on GuruFocus' analysis, Plains All American Pipeline LP stock appears to be overvalued.
The current stock price of $22.80 is trading 31.5% above its estimated GF Value™ of $17.33.
GuruFocus considers Plains All American Pipeline LP to be Significantly Overvalued.
Key valuation signals for PAA:
EV-to-OCF: 11.31 (14% above median its 10-year median of 9.93)
GF Value™: $17.33 vs. price of $22.80 (31.5% above fair value)
Industry Position: 100.2% above the Oil & Gas median (#753 of 1023)
No single metric tells the full story. See the PAA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plains All American Pipeline LP, through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, barges, or railcars. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminalling. It generates the majority of its revenue from the Crude Oil segment.
75GF Score
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