Plains GP Holdings LP (PAGP) P/E Ratio History
UndervaluedTrading at 9.5x vs 5Y avg 15.6x · 40th percentile · Below historical baseline · Data 2013–2026
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P/E Ratio Analysis
As of November 8, 2026, Plains GP Holdings LP (PAGP) trades at a price-to-earnings ratio of 9.5x, with a stock price of $25.78 and trailing twelve-month earnings per share of $2.72.
The current P/E is 39% below its 5-year average of 15.6x. Over the past five years, PAGP's P/E has ranged from a low of 2.8x to a high of 35.1x, placing the current valuation at the 40th percentile of its historical range.
Compared to the Energy sector median P/E of 12.6x, PAGP trades at a 25% discount to its sector peers. The sector includes 159 companies with P/E ratios ranging from 0.1x to 148.1x.
Relative to the broader market, PAGP trades at a notable discount to the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PAGP DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PAGP Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PAGP P/E vs Peers
Gas and Crude Pipelines peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $17B | 6.3Lowest | - | +127%Best | |
| $80B | 12.2 | 1.33 | -1% | |
| $69B | 11.7 | - | +5% | |
| $57B | 13.0 | - | +14% | |
| $16B | 13.1 | 0.64 | -25% | |
| $67B | 18.5 | 0.19Best | +17% | |
| $54B | 13.2 | 0.43 | +5% | |
| $57B | 23.3 | - | +48% | |
| $3B | 18.5 | - | +10% | |
| $6B | 10.2 | 0.60 | +15% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PAGP Historical P/E Data (2013–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $25.90 | $2.22 | 11.7x | -63% |
| FY2026 Q2 | - | $24.27 | $2.80 | 8.7x | -73% |
| FY2026 Q1 | - | $24.28 | $0.98 | 24.8x | -22% |
| FY2025 Q4 | Dec 31 2025 | $19.14 | $1.30 | 14.7x | -54% |
| FY2025 Q3 | - | $18.24 | $0.93 | 19.5x | -39% |
| FY2025 Q2 | Jun 30 2025 | $19.43 | $0.68 | 28.4x | -11% |
| FY2025 Q1 | Mar 31 2025 | $21.36 | $0.73 | 29.1x | -9% |
| FY2024 Q4 | - | $18.38 | $0.52 | 35.1x | +10% |
| FY2024 Q3 | Sep 30 2024 | $18.50 | $0.85 | 21.8x | -32% |
| FY2024 Q2 | Jun 30 2024 | $18.82 | $0.83 | 22.7x | -29% |
| FY2024 Q1 | Mar 31 2024 | $18.25 | $0.88 | 20.7x | -35% |
| FY2023 Q4 | Dec 31 2023 | $15.95 | $2.95 | 5.4x | -83% |
| FY2023 Q3 | Sep 30 2023 | $16.12 | $2.91 | 5.5x | -83% |
| FY2023 Q2 | Jun 30 2023 | $14.83 | $4.74 | 3.1x | -90% |
| FY2023 Q1 | Mar 31 2023 | $13.12 | $4.65 | 2.8x | -91% |
| FY2022 Q4 | Dec 31 2022 | $12.44 | $3.45 | 3.6x | -89% |
| FY2022 Q3 | Sep 30 2022 | $10.91 | $3.65 | 3.0x | -91% |
| FY2022 Q2 | - | $10.32 | $1.55 | 6.7x | -79% |
| FY2022 Q1 | - | $11.55 | $1.03 | 11.2x | -65% |
| FY2021 Q4 | Dec 31 2021 | $10.14 | $0.31 | 32.7x | +2% |
| FY2021 Q1 | Mar 31 2021 | $9.40 | $0.44 | 21.4x | -33% |
| FY2019 Q4 | - | $18.95 | $1.99 | 9.5x | -70% |
| FY2019 Q3 | Sep 30 2019 | $21.23 | $2.85 | 7.4x | -77% |
| FY2019 Q2 | Jun 30 2019 | $24.97 | $3.14 | 8.0x | -75% |
| FY2019 Q1 | Mar 31 2019 | $24.92 | $2.79 | 8.9x | -72% |
| FY2018 Q4 | Dec 31 2018 | $20.10 | $2.10 | 9.6x | -70% |
| FY2017 Q3 | Sep 30 2017 | $21.87 | $0.45 | 48.5x | +52% |
| FY2017 Q2 | Jun 30 2017 | $26.16 | $0.66 | 39.6x | +24% |
| FY2017 Q1 | Mar 31 2017 | $31.26 | $0.90 | 34.7x | +9% |
| FY2016 Q4 | Dec 31 2016 | $34.68 | $0.93 | 37.3x | +17% |
| FY2016 Q3 | Sep 30 2016 | $34.46 | $1.30 | 26.5x | -17% |
| FY2016 Q2 | - | $27.78 | $1.43 | 19.4x | -39% |
| FY2016 Q1 | - | $23.14 | $1.40 | 16.5x | -48% |
| FY2015 Q4 | - | $25.17 | $1.40 | 18.0x | -44% |
| FY2015 Q3 | Sep 30 2015 | $46.60 | $1.50 | 31.1x | -3% |
| FY2015 Q2 | - | $68.82 | $1.45 | 47.5x | +49% |
| FY2015 Q1 | - | $75.55 | $1.37 | 55.1x | +73% |
| FY2014 Q4 | Dec 31 2014 | $68.39 | $1.29 | 53.0x | +66% |
| FY2014 Q3 | - | $81.62 | $1.14 | 71.6x | +124% |
| FY2014 Q2 | Jun 30 2014 | $85.19 | $0.84 | 101.3x | +217% |
| FY2014 Q1 | Mar 31 2014 | $74.51 | $0.57 | 130.4x | +308% |
| FY2013 Q4 | - | $71.29 | $0.30 | 235.7x | +638% |
Average P/E for displayed period: 32.0x
PAGP Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
PAGP — Frequently Asked Questions
Quick answers to the most common questions about buying PAGP stock.
What is PAGP's P/E ratio?
Plains GP Holdings LP (PAGP) trailing twelve-month P/E ratio is 9.5x, based on TTM diluted EPS of $2.72. The 5-year average P/E is 15.6x and the historical range spans 2.8x to 35.1x.
Is PAGP stock overvalued or undervalued?
PAGP trades at 9.5x P/E, below its 5-year average of 15.6x. At the 40th percentile of its historical range (2.8x–35.1x), the stock is priced at a discount to its own history.
Is PAGP stock expensive?
No, PAGP is not expensive on a historical basis. The current P/E of 9.5x is below the 5-year average of 15.6x and sits at the 40th percentile of its valuation range.
What is PAGP's historical P/E range?
Over the past 5 years, PAGP's P/E ratio has ranged from 2.8x to 35.1x, with a median of 14.7x and an average of 15.6x. The current P/E of 9.5x places the stock at the 40th percentile of this range. Full historical data spans 2013–2026.
How does PAGP's P/E compare to the S&P 500?
PAGP trades at 9.5x P/E versus the S&P 500 median of 21.8x. The 56% discount to the market suggests lower growth expectations or perceived higher risk.
How does PAGP's valuation compare to Energy peers?
Plains GP Holdings LP P/E of 9.5x compares to the Energy sector median of 12.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PAGP's PEG ratio?
PAGP PEG ratio is N/A, based on a P/E of 9.5x and EPS growth of 151.9%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is PAGP's earnings yield?
PAGP earnings yield is 10.56%, the inverse of its 9.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.