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Plains GP Holdings LPPAGP +1.29%77 Equity-to-Asset is 0.05 as of Jun. 2026, which is 17% below its 10-year median of 0.06. GuruFocus rates PAGP with a GF Score™ of 77/100 and a GF Value™ of $22.32 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,035 Oil & Gas companies, Plains GP Holdings LP ranks worse than 89.76% on this metric.
Plains GP Holdings LP (NAS:PAGP) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Plains GP Holdings LP Equity-to-Asset Related Terms
Plains GP Holdings LP Equity-to-Asset Historical Data
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The historical data trend for Plains GP Holdings LP's Equity-to-Asset 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.
PAGP vs HESM, GLNG, INSW: Equity-to-Asset Comparison
For the Oil & Gas Midstream subindustry, Plains GP Holdings LP's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Plains GP Holdings LP's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.05 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Plains GP Holdings LP and its competitors. This is 17% below median its historical median of 0.06. Over the past decade, Plains GP Holdings LP's Equity-to-Asset has ranged from 0.04 to 0.10. According to the industry distribution chart, Plains GP Holdings LP ranks #929 out of 1035 companies in the Oil & Gas industry, placing it in the top 89.8%.
Is Plains GP Holdings LP's Equity-to-Asset too high?
Plains GP Holdings LP's current Equity-to-Asset of 0.05 is 17% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.10. The Oil & Gas industry median Equity-to-Asset is 0.49. Plains GP Holdings LP's value of 0.05 is 89.8% below this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #929 out of 1035 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Plains GP Holdings LP has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plains GP Holdings LP's Equity-to-Asset compare to HESM and GLNG?
According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #929 out of 1035 companies for Equity-to-Asset. This places Plains GP Holdings LP in the lower half of its industry. The industry median Equity-to-Asset is 0.49. Plains GP Holdings LP's value of 0.05 is 89.8% below this benchmark. Historically, Plains GP Holdings LP's own Equity-to-Asset has ranged from 0.04 to 0.10 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.49, Plains GP Holdings LP has consistently been below 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,035 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains GP Holdings LP's current Equity-to-Asset of 0.05 is 89.8% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Plains GP Holdings LP and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains GP Holdings LP's current Equity-to-Asset is 0.05, which is 17% below median its own 10-year median of 0.06. 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 Modestly Overvalued. The stock's GF Value™ is $22.32, compared to a current price of $25.49 — trading 14.2% above its estimated fair value. The current Equity-to-Asset is 0.05, which is 17% below median its 10-year median of 0.06 and 89.8% below the Oil & Gas industry median of 0.49. Plains GP Holdings LP's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Plains GP Holdings LP (PAGP), the current Equity-to-Asset is 0.05 as of Jun. 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 $25.49 is trading 14.2% above its estimated GF Value™ of $22.32.
GuruFocus considers Plains GP Holdings LP to be Modestly Overvalued.
Key valuation signals for PAGP:
Equity-to-Asset: 0.05 (17% below median its 10-year median of 0.06)
GF Value™: $22.32 vs. price of $25.49 (14.2% above fair value)
Industry Position: 89.8% below the Oil & Gas median (#929 of 1035)
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.
77GF Score
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