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What is Plains All American Pipeline LP EV-to-FCF?
Plains All American Pipeline LPPAA -0.54%78 EV-to-FCF is 12.18 as of Sep. 02, 2026, which is 9% below its 10-year median of 13.44. GuruFocus rates PAA with a GF Score™ of 78/100 and a GF Value™ of $19.65 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 582 Oil & Gas companies, Plains All American Pipeline LP ranks better than 58.25% on this metric.
The historical rank and industry rank for Plains All American Pipeline LP's EV-to-FCF or its related term are showing as below:
PAA'
s EV-to-FCF Range Over the Past 10 Years
Min: -108.97 Med: 13.44 Max: 67.13
Current: 12.18
During the past 13 years, the highest EV-to-FCF of Plains All American Pipeline LP was 67.13. The lowest was -108.97. And the median was 13.44.
PAA's EV-to-FCF is ranked better than 58.25% of 582
companies
in the Oil & Gas industry
Industry Median: 14.735
vs PAA: 12.18
EV-to-FCF 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-FCF Explanation
EV-to-FCF 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 $25.72.
Plains All American Pipeline LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.610.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Plains All American Pipeline LP EV-to-FCF Related Terms
Plains All American Pipeline LP EV-to-FCF 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-FCF, along with its competitors' market caps and EV-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.
Plains All American Pipeline LP EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains All American Pipeline LP's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Plains All American Pipeline LP's EV-to-FCF falls into.
Plains All American Pipeline LP's current Enterprise Value is $28,934 Mil.
Plains All American Pipeline LP's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,375 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-FCF of 12.18 as of Sep. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Plains All American Pipeline LP and its competitors. This is near median its historical median of 13.44. According to the industry distribution chart, Plains All American Pipeline LP ranks #243 out of 582 companies in the Oil & Gas industry, placing it in the top 41.8%.
Is Plains All American Pipeline LP's EV-to-FCF too high?
Plains All American Pipeline LP's current EV-to-FCF of 12.18 is near median its 10-year median of 13.44. The Oil & Gas industry median EV-to-FCF is 14.74. Plains All American Pipeline LP's value of 12.18 is 17.3% below this industry median. Based on the distribution chart, Plains All American Pipeline LP ranks #243 out of 582 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Plains All American Pipeline LP has a GF Score™ of 78/100 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-FCF compare to VNOM and WES?
According to the Oil & Gas industry distribution chart, Plains All American Pipeline LP ranks #243 out of 582 companies for EV-to-FCF. This puts Plains All American Pipeline LP in the upper half of its industry. The industry median EV-to-FCF is 14.74. Plains All American Pipeline LP's value of 12.18 is 17.3% below this benchmark. While the company's 10-year median is 13.44 vs. the industry median of 14.74, Plains All American Pipeline 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 EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 14.74, based on 582 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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-FCF of 12.18 is 17.3% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Plains All American Pipeline LP and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 14.74 — 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-FCF is 12.18, which is near median its own 10-year median of 13.44. 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 $19.65, compared to a current price of $25.72 — trading 30.9% above its estimated fair value. The current EV-to-FCF is 12.18, which is near median its 10-year median of 13.44 and 17.3% below the Oil & Gas industry median of 14.74. Plains All American Pipeline LP's overall GF Score™ is 78/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Plains All American Pipeline LP (PAA), the current EV-to-FCF is 12.18 as of Sep. 02, 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 $25.72 is trading 30.9% above its estimated GF Value™ of $19.65.
GuruFocus considers Plains All American Pipeline LP to be Significantly Overvalued.
Key valuation signals for PAA:
EV-to-FCF: 12.18 (near median its 10-year median of 13.44)
GF Value™: $19.65 vs. price of $25.72 (30.9% above fair value)
Industry Position: 17.3% below the Oil & Gas median (#243 of 582)
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.
78GF Score
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