PAGP (Plains GP Holdings LP) Moat Score: 5/10 (As of Jun. 28, 2026)


PAGP Plains GP Holdings LP PAGP
76 GF Score
Price $23.76
GF Value $19.45
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Plains GP Holdings LP Moat Score?

Plains GP Holdings LP PAGP +1.02% 76 Moat Score is 5 as of Jun. 28, 2026. GuruFocus rates PAGP with a GF Score™ of 76/100 and a GF Value™ of $19.45 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,044 Oil & Gas companies, Plains GP Holdings LP ranks better than 94.25% on this metric.

Plains GP Holdings LP has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Plains GP Holdings LP has Narrow Moat: Plains GP Holdings has a solid narrow moat due to its extensive pipeline network and some regulatory barriers. The company benefits from economies of scale, but the competitive and volatile nature of the energy sector limits its pricing power and market leadership.

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 GP Holdings LP might have Narrow Moat - Solid narrow moat.

Plains GP Holdings LP  (NAS:PAGP) 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 GP Holdings LP Moat Score Related Terms

PAGP vs HESM, GLNG, INSW: Moat Score Comparison

For the Oil & Gas Midstream subindustry, Plains GP Holdings 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 GP Holdings LP Moat Score vs Oil & Gas Industry

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

* The bar in red indicates where Plains GP Holdings LP's Moat Score falls into.


PAGP
76GF Score
Plains GP Holdings LP PAGP
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Plains GP Holdings LP (PAGP) has a Moat Score of 5 as of Jun. 28, 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 GP Holdings LP ranks #60 out of 1044 companies in the Oil & Gas industry, placing it in the top 5.7%.
Is Plains GP Holdings LP's Moat Score too high?
Plains GP Holdings LP's current Moat Score is 5. The Oil & Gas industry median Moat Score is 1.00. Plains GP Holdings LP's value of 5 is 400% above this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #60 out of 1044 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 Moat Score compare to HESM and GLNG?
According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #60 out of 1044 companies for Moat Score. This places Plains GP Holdings LP in the top 6% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Plains GP Holdings LP's value of 5 is 400% 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 1,044 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 GP Holdings LP's current Moat Score of 5 is 400% 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 GP Holdings LP's current Moat Score is 5. 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 $19.45, compared to a current price of $23.76 — trading 22.2% above its estimated fair value. The current Moat Score is 5 and 400% above the Oil & Gas industry median of 1.00. Plains GP Holdings LP's overall GF Score™ is 76/100 with 10 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 GP Holdings LP (PAGP), the current Moat Score is 5 as of Jun. 28, 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 $23.76 is trading 22.2% above its estimated GF Value™ of $19.45. GuruFocus considers Plains GP Holdings LP to be Modestly Overvalued.

Key valuation signals for PAGP:

  • Moat Score: 5
  • GF Value™: $19.45 vs. price of $23.76 (22.2% above fair value)
  • GF Score™: 76/100 with 10 warning signs
  • Industry Position: 400% above the Oil & Gas median (#60 of 1044)

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 Business Description

Industry EnergyOil & Gas
Address 333 Clay Street, Suite 1600, Houston, TX, USA, 77002
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

Get the complete analysis for PAGP

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

$23.76
Price
$19.45
GF Value