Plains GP Holdings LP's quarterly market cap
increased
from Sep. 2025 ($3,609 Mil) to Dec. 2025 ($3,788 Mil) and
increased
from Dec. 2025 ($3,788 Mil) to Mar. 2026 ($4,805 Mil).
Plains GP Holdings LP's annual market cap
increased
from Dec. 2023 ($3,133 Mil) to Dec. 2024 ($3,629 Mil) and
increased
from Dec. 2024 ($3,629 Mil) to Dec. 2025 ($3,788 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Plains GP Holdings LP's Enterprise Value for Today is $28,717 Mil.
Plains GP Holdings LP (NAS:PAGP) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
* 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's Market Cap distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Plains GP Holdings LP's Market Cap 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 Market Cap of $4,633 Mil as of Jun. 25, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Plains GP Holdings LP and its competitors. According to the industry distribution chart, Plains GP Holdings LP ranks #159 out of 1043 companies in the Oil & Gas industry, placing it in the top 15.2%.
Is Plains GP Holdings LP's Market Cap too high?
Plains GP Holdings LP's current Market Cap is $4,633 Mil. The Oil & Gas industry median Market Cap is 208.26. Plains GP Holdings LP's value of $4,633 Mil is 2124.6% above this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #159 out of 1043 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Plains GP Holdings LP has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plains GP Holdings LP's Market Cap compare to HESM and GLNG?
According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #159 out of 1043 companies for Market Cap. This places Plains GP Holdings LP in the top 15% of its industry — outperforming the majority of peers. The industry median Market Cap is 208.26. Plains GP Holdings LP's value of $4,633 Mil is 2124.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 208.26, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains GP Holdings LP's current Market Cap of $4,633 Mil is 2124.6% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Plains GP Holdings LP and its competitors. For the Oil & Gas industry, the median Market Cap is 208.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains GP Holdings LP's current Market Cap is $4,633 Mil. 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 $19.41, compared to a current price of $23.41 — trading 20.6% above its estimated fair value. The current Market Cap is $4,633 Mil and 2124.6% above the Oil & Gas industry median of 208.26. Plains GP Holdings LP's overall GF Score™ is 76/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Plains GP Holdings LP (PAGP), the current Market Cap is $4,633 Mil as of Jun. 25, 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 $23.41 is trading 20.6% above its estimated GF Value™ of $19.41.
GuruFocus considers Plains GP Holdings LP to be Modestly Overvalued.
Key valuation signals for PAGP:
Market Cap: $4,633 Mil
GF Value™: $19.41 vs. price of $23.41 (20.6% above fair value)
Industry Position: 2124.6% above the Oil & Gas median (#159 of 1043)
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.
76GF Score
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