Plains GP Holdings LPPAGP -1.76%76 ROE % is 6.11% as of Mar. 2026, which is 32% below its 10-year median of 9.05. GuruFocus rates PAGP with a GF Score™ of 76/100 and a GF Value™ of $19.41 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 957 Oil & Gas companies, Plains GP Holdings LP ranks better than 75.24% on this metric.
The historical rank and industry rank for Plains GP Holdings LP's ROE % or its related term are showing as below:
PAGP'
s ROE % Range Over the Past 10 Years
Min: -42.6 Med: 9.05 Max: 19.29
Current: 14.61
During the past 13 years, Plains GP Holdings LP's highest ROE % was 19.29%. The lowest was -42.60%. And the median was 9.05%.
PAGP's ROE % is ranked better than 75.24% of 957
companies
in the Oil & Gas industry
Industry Median: 5.74
vs PAGP: 14.61
Plains GP Holdings LP (NAS:PAGP) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Plains GP Holdings LP's ROE % distribution charts can be found below:
* The bar in red indicates where Plains GP Holdings LP's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Plains GP Holdings LP (PAGP) has a ROE % of 6.11% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Plains GP Holdings LP and its competitors. This is 32% below median its historical median of 9.05. According to the industry distribution chart, Plains GP Holdings LP ranks #237 out of 957 companies in the Oil & Gas industry, placing it in the top 24.8%.
Is Plains GP Holdings LP's ROE % too high?
Plains GP Holdings LP's current ROE % of 6.11% is 32% below median its 10-year median of 9.05. The Oil & Gas industry median ROE % is 5.74. Plains GP Holdings LP's value of 6.11% is 6.4% above this industry median. Based on the distribution chart, Plains GP Holdings LP ranks #237 out of 957 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 ROE % compare to HESM and GLNG?
According to the Oil & Gas industry distribution chart, Plains GP Holdings LP ranks #237 out of 957 companies for ROE %. This places Plains GP Holdings LP in the top 25% of its industry — outperforming the majority of peers. The industry median ROE % is 5.74. Plains GP Holdings LP's value of 6.11% is 6.4% above this benchmark. While the company's 10-year median is 9.05 vs. the industry median of 5.74, Plains GP Holdings LP has consistently been above 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.74, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plains GP Holdings LP's current ROE % of 6.11% is 6.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Plains GP Holdings LP and its competitors. For the Oil & Gas industry, the median ROE % is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plains GP Holdings LP's current ROE % is 6.11%, which is 32% below median its own 10-year median of 9.05. 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 ROE % is 6.11%, which is 32% below median its 10-year median of 9.05 and 6.4% above the Oil & Gas industry median of 5.74. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Plains GP Holdings LP (PAGP), the current ROE % is 6.11% 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 20.6% above its estimated GF Value™ of $19.41.
GuruFocus considers Plains GP Holdings LP to be Modestly Overvalued.
Key valuation signals for PAGP:
ROE %: 6.11% (32% below median its 10-year median of 9.05)
GF Value™: $19.41 vs. price of $23.41 (20.6% above fair value)
Industry Position: 6.4% above the Oil & Gas median (#237 of 957)
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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