Plains GP Holdings LPPAGP +1.06%74 PS Ratio is 0.12 as of Jun. 30, 2026, which is 33% above its 10-year median of 0.09. GuruFocus rates PAGP with a GF Score™ of 74/100 and a GF Value™ of $19.45 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 882 Oil & Gas companies, Plains GP Holdings LP ranks better than 94.67% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Plains GP Holdings LP's share price is $24.365.
Plains GP Holdings LP's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $211.76. Hence, Plains GP Holdings LP's PS Ratio for today is 0.12.
Warning Sign:
Plains GP Holdings LP stock PS Ratio (=0.11) is close to 5-year high of 0.12.
The historical rank and industry rank for Plains GP Holdings LP's PS Ratio or its related term are showing as below:
PAGP'
s PS Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.24
Current: 0.11
During the past 13 years, Plains GP Holdings LP's highest PS Ratio was 0.24. The lowest was 0.03. And the median was 0.09.
PAGP's PS Ratio is ranked better than 94.67% of 882
companies
in the Oil & Gas industry
Industry Median: 1.3
vs PAGP: 0.11
Plains GP Holdings LP revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Plains GP Holdings LP was -0.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -13.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 0.30% per year.
During the past 13 years, Plains GP Holdings LP's highest 3-Year average Revenue per Share Growth Rate was 98.90% per year. The lowest was -37.90% per year. And the median was 0.50% per year.
Back to Basics: PS Ratio
Plains GP Holdings LP (NAS:PAGP) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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 PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's PS Ratio distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Plains GP Holdings LP's Share Price of today is $24.365. Plains GP Holdings LP's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $211.76.
* 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.
It can also be calculated from the numbers for the whole company:
Plains GP Holdings LP (PAGP) has a PS Ratio of 0.12 as of Jun. 30, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Plains GP Holdings LP and its competitors. This is 33% above median its historical median of 0.09. Over the past decade, Plains GP Holdings LP's PS Ratio has ranged from 0.03 to 0.24. According to the industry distribution chart, Plains GP Holdings LP ranks #47 out of 882 companies in the Oil & Gas industry, placing it in the top 5.3%.
Is Plains GP Holdings LP's PS Ratio too high?
Plains GP Holdings LP's current PS Ratio of 0.12 is 33% above median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.24. The Oil & Gas industry median PS Ratio is 1.30. Plains GP Holdings LP's value of 0.12 is 90.8% below this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #47 out of 882 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 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plains GP Holdings LP's PS Ratio compare to HESM and GLNG?
According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #47 out of 882 companies for PS Ratio. This places Plains GP Holdings LP in the top 5% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.30. Plains GP Holdings LP's value of 0.12 is 90.8% below this benchmark. Historically, Plains GP Holdings LP's own PS Ratio has ranged from 0.03 to 0.24 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 1.30, 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.30, based on 882 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains GP Holdings LP's current PS Ratio of 0.12 is 90.8% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Plains GP Holdings LP and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains GP Holdings LP's current PS Ratio is 0.12, which is 33% above median its own 10-year median of 0.09. 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 $24.37 — trading 25.3% above its estimated fair value. The current PS Ratio is 0.12, which is 33% above median its 10-year median of 0.09 and 90.8% below the Oil & Gas industry median of 1.30. Plains GP Holdings LP's overall GF Score™ is 74/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Plains GP Holdings LP (PAGP), the current PS Ratio is 0.12 as of Jun. 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 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 $24.37 is trading 25.3% above its estimated GF Value™ of $19.45.
GuruFocus considers Plains GP Holdings LP to be Modestly Overvalued.
Key valuation signals for PAGP:
PS Ratio: 0.12 (33% above median its 10-year median of 0.09)
GF Value™: $19.45 vs. price of $24.37 (25.3% above fair value)
Industry Position: 90.8% below the Oil & Gas median (#47 of 882)
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.
74GF Score
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