Plains GP Holdings LPPAGP -1.76%76 ROA % is 0.25% as of Mar. 2026, which is 47% below its 10-year median of 0.47. GuruFocus rates PAGP with a GF Score™ of 76/100 and a GF Value™ of $19.43 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,025 Oil & Gas companies, Plains GP Holdings LP ranks worse than 58.05% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Plains GP Holdings LP's annualizedNet Income for the quarter that ended in Mar. 2026 was $80 Mil.
Plains GP Holdings LP's average Total Assets over the quarter that ended in Mar. 2026 was $32,018 Mil. Therefore, Plains GP Holdings LP's annualized ROA % for the quarter that ended in Mar. 2026 was 0.25%.
The historical rank and industry rank for Plains GP Holdings LP's ROA % or its related term are showing as below:
PAGP'
s ROA % Range Over the Past 10 Years
Min: -2.77 Med: 0.47 Max: 1.25
Current: 0.65
During the past 13 years, Plains GP Holdings LP's highest ROA % was 1.25%. The lowest was -2.77%. And the median was 0.47%.
PAGP's ROA % is ranked worse than 58.05% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.89
vs PAGP: 0.65
Plains GP Holdings LP (NAS:PAGP) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's ROA % distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Plains GP Holdings LP (PAGP) has a ROA % of 0.25% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Plains GP Holdings LP and its competitors. This is 47% below median its historical median of 0.47. According to the industry distribution chart, Plains GP Holdings LP ranks #595 out of 1025 companies in the Oil & Gas industry, placing it in the top 58%.
Is Plains GP Holdings LP's ROA % too high?
Plains GP Holdings LP's current ROA % of 0.25% is 47% below median its 10-year median of 0.47. The Oil & Gas industry median ROA % is 1.89. Plains GP Holdings LP's value of 0.25% is 86.8% below this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #595 out of 1025 companies in the Oil & Gas industry, which is below the industry midpoint. 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 ROA % compare to HESM and GLNG?
According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #595 out of 1025 companies for ROA %. This places Plains GP Holdings LP in the lower half of its industry. The industry median ROA % is 1.89. Plains GP Holdings LP's value of 0.25% is 86.8% below this benchmark. While the company's 10-year median is 0.47 vs. the industry median of 1.89, 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 ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains GP Holdings LP's current ROA % of 0.25% is 86.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Plains GP Holdings LP and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains GP Holdings LP's current ROA % is 0.25%, which is 47% below median its own 10-year median of 0.47. 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 $19.43, compared to a current price of $23.41 — trading 20.5% above its estimated fair value. The current ROA % is 0.25%, which is 47% below median its 10-year median of 0.47 and 86.8% below the Oil & Gas industry median of 1.89. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Plains GP Holdings LP (PAGP), the current ROA % is 0.25% as of Mar. 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 20.5% above its estimated GF Value™ of $19.43.
GuruFocus considers Plains GP Holdings LP to be Modestly Overvalued.
Key valuation signals for PAGP:
ROA %: 0.25% (47% below median its 10-year median of 0.47)
GF Value™: $19.43 vs. price of $23.41 (20.5% above fair value)
Industry Position: 86.8% below the Oil & Gas median (#595 of 1025)
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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