PAA (Plains All American Pipeline LP) Moat Score: 6/10 (As of Jul. 30, 2026)

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PAA Plains All American Pipeline LP PAA
73 GF Score
Price $24.82
GF Value $17.28
Valuation Significantly Overvalued
! 14 Warning Signs
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What is Plains All American Pipeline LP Moat Score?

Plains All American Pipeline LP PAA -0.28% 73 Moat Score is 6 as of Jul. 30, 2026. GuruFocus rates PAA with a GF Score™ of 73/100 and a GF Value™ of $17.28 (Significantly Overvalued). The stock has 14 warning signs investors should review. Among 1,040 Oil & Gas companies, Plains All American Pipeline LP ranks better than 98.46% on this metric.

Plains All American Pipeline LP has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Plains All American Pipeline LP has Narrow Moat: Plains All American Pipeline LP has a strong narrow moat due to its extensive distribution network and economies of scale. However, it lacks the pricing power and regulatory barriers to be considered a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Plains All American Pipeline LP might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Plains All American Pipeline LP  (NAS:PAA) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Plains All American Pipeline LP Moat Score Related Terms

PAA vs WES, DTM, AM: Moat Score Comparison

For the Oil & Gas Midstream subindustry, Plains All American Pipeline LP's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Plains All American Pipeline LP's Moat Score distribution charts can be found below:

* The bar in red indicates where Plains All American Pipeline LP's Moat Score falls into.


PAA
73GF Score
Plains All American Pipeline LP PAA
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Plains All American Pipeline LP (PAA) has a Moat Score of 6 as of Jul. 30, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Plains All American Pipeline LP ranks #16 out of 1040 companies in the Oil & Gas industry, placing it in the top 1.5%.
Is Plains All American Pipeline LP's Moat Score too high?
Plains All American Pipeline LP's current Moat Score is 6. The Oil & Gas industry median Moat Score is 1.00. Plains All American Pipeline LP's value of 6 is 500% above this industry median. Based on the distribution chart, Plains All American Pipeline LP ranks #16 out of 1040 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Plains All American Pipeline LP has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plains All American Pipeline LP's Moat Score compare to WES and DTM?
According to the Oil & Gas industry distribution chart, Plains All American Pipeline LP ranks #16 out of 1040 companies for Moat Score. This places Plains All American Pipeline LP in the top 2% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Plains All American Pipeline LP's value of 6 is 500% 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 Moat Score for an Oil & Gas company?
The median Moat Score among Oil & Gas companies is 1.00, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains All American Pipeline LP's current Moat Score of 6 is 500% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Oil & Gas industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains All American Pipeline LP's current Moat Score is 6. 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 $17.28, compared to a current price of $24.82 — trading 43.6% above its estimated fair value. The current Moat Score is 6 and 500% above the Oil & Gas industry median of 1.00. Plains All American Pipeline LP's overall GF Score™ is 73/100 with 14 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Plains All American Pipeline LP (PAA), the current Moat Score is 6 as of Jul. 30, 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 $24.82 is trading 43.6% above its estimated GF Value™ of $17.28. GuruFocus considers Plains All American Pipeline LP to be Significantly Overvalued.

Key valuation signals for PAA:

  • Moat Score: 6
  • GF Value™: $17.28 vs. price of $24.82 (43.6% above fair value)
  • GF Score™: 73/100 with 14 warning signs
  • Industry Position: 500% above the Oil & Gas median (#16 of 1040)

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 Business Description

Industry EnergyOil & Gas
Address 333 Clay Street, Suite 1600, Houston, TX, USA, 77002
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.
73GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.82
Price
$17.28
GF Value