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Plains GP Holdings LPPAGP +0.06%71 EV-to-FCF is 11.32 as of Aug. 19, 2026, which is 23% below its 10-year median of 14.65. GuruFocus rates PAGP with a GF Score™ of 71/100 and a GF Value™ of $22.56 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 583 Oil & Gas companies, Plains GP Holdings LP ranks better than 61.06% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Plains GP Holdings LP's Enterprise Value is $26,517 Mil.
Plains GP Holdings LP's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $2,343 Mil. Therefore, Plains GP Holdings LP's EV-to-FCF for today is 11.32.
The historical rank and industry rank for Plains GP Holdings LP's EV-to-FCF or its related term are showing as below:
PAGP'
s EV-to-FCF Range Over the Past 10 Years
Min: -75.08 Med: 14.65 Max: 55.17
Current: 11.32
During the past 13 years, the highest EV-to-FCF of Plains GP Holdings LP was 55.17. The lowest was -75.08. And the median was 14.65.
PAGP's EV-to-FCF is ranked better than 61.06% of 583
companies
in the Oil & Gas industry
Industry Median: 14.83
vs PAGP: 11.32
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 GP Holdings LP (NAS:PAGP) 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 GP Holdings LP's PE Ratio (TTM) for today is calculated as:
Plains GP Holdings LP's share price for today is $26.315.
Plains GP Holdings 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 $2.890.
* 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.
* 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-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 GP Holdings LP EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's EV-to-FCF falls into.
Plains GP Holdings LP's current Enterprise Value is $26,517 Mil.
Plains GP Holdings 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 $2,343 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-FCF of 11.32 as of Aug. 19, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Plains GP Holdings LP and its competitors. This is 23% below median its historical median of 14.65. According to the industry distribution chart, Plains GP Holdings LP ranks #227 out of 583 companies in the Oil & Gas industry, placing it in the top 38.9%.
Is Plains GP Holdings LP's EV-to-FCF too high?
Plains GP Holdings LP's current EV-to-FCF of 11.32 is 23% below median its 10-year median of 14.65. The Oil & Gas industry median EV-to-FCF is 14.83. Plains GP Holdings LP's value of 11.32 is 23.7% below this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #227 out of 583 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Plains GP Holdings LP has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plains GP Holdings LP's EV-to-FCF compare to HESM and GLNG?
According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #227 out of 583 companies for EV-to-FCF. This puts Plains GP Holdings LP in the upper half of its industry. The industry median EV-to-FCF is 14.83. Plains GP Holdings LP's value of 11.32 is 23.7% below this benchmark. While the company's 10-year median is 14.65 vs. the industry median of 14.83, 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 EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 14.83, based on 583 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 GP Holdings LP's current EV-to-FCF of 11.32 is 23.7% 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 GP Holdings LP and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 14.83 — 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-FCF is 11.32, which is 23% below median its own 10-year median of 14.65. 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 $22.56, compared to a current price of $26.32 — trading 16.6% above its estimated fair value. The current EV-to-FCF is 11.32, which is 23% below median its 10-year median of 14.65 and 23.7% below the Oil & Gas industry median of 14.83. Plains GP Holdings LP's overall GF Score™ is 71/100 with 9 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 GP Holdings LP (PAGP), the current EV-to-FCF is 11.32 as of Aug. 19, 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 $26.32 is trading 16.6% above its estimated GF Value™ of $22.56.
GuruFocus considers Plains GP Holdings LP to be Modestly Overvalued.
Key valuation signals for PAGP:
EV-to-FCF: 11.32 (23% below median its 10-year median of 14.65)
GF Value™: $22.56 vs. price of $26.32 (16.6% above fair value)
Industry Position: 23.7% below the Oil & Gas median (#227 of 583)
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.
71GF Score
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