Plains GP Holdings, L.P. (PAGP) P/E Ratio History
Historical price-to-earnings valuation from 2013 to 2025
Loading P/E history...
PAGP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Plains GP Holdings, L.P. (PAGP) trades at a price-to-earnings ratio of 45.4x, with a stock price of $23.63 and trailing twelve-month earnings per share of $0.76.
The current P/E is 200% above its 5-year average of 15.1x. 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 100th percentile of its historical range.
Compared to the Energy sector median P/E of 16.8x, PAGP trades at a 171% premium to its sector peers. The sector includes 173 companies with P/E ratios ranging from 3.2x to 186.1x.
Relative to the broader market, PAGP commands a significant premium over the S&P 500 median P/E of 25.1x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $16B | 30.3 | - | -48% | |
| $82B | 14.2 | 1.54 | -1% | |
| $69B | 14.8 | - | +5% | |
| $57B | 11.7Lowest | - | +14% | |
| $18B | 14.4 | 0.70 | -25% | |
| $70B | 23.0 | 0.24Best | +17% | |
| $54B | 15.8 | 0.52 | +5% | |
| $54B | 29.6 | - | +48%Best | |
| $3B | 15.5 | - | +10% | |
| $8B | 13.5 | 0.80 | +15% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
PAGP Historical P/E Data (2013–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $19.14 | $1.47 | 13.0x | -61% |
| FY2025 Q3 | $18.24 | $0.93 | 19.5x | -41% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $19.43 | $0.68 | 28.4x | -14% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $21.36 | $0.73 | 29.1x | -12% |
| FY2024 Q4 | $18.38 | $0.52 | 35.1x | +6% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $18.50 | $0.85 | 21.8x | -34% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $18.82 | $0.83 | 22.7x | -32% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $18.25 | $0.88 | 20.7x | -38% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $15.95 | $2.95 | 5.4x | -84% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $16.12 | $2.91 | 5.5x | -83% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $14.83 | $4.74 | 3.1x | -91% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $13.12 | $4.65 | 2.8x | -92% |
Average P/E for displayed period: 33.2x
See PAGP's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PAGP Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PAGP vs SOC
Side-by-side business, growth, and profitability comparison vs Sable Offshore Corp..
Start ComparisonPAGP — Frequently Asked Questions
Quick answers to the most common questions about buying PAGP stock.
Is PAGP stock overvalued or undervalued?
PAGP trades at 45.4x P/E, above its 5-year average of 15.1x. The 100th percentile ranking indicates a premium to historical valuation.
How does PAGP's valuation compare to peers?
Plains GP Holdings, L.P. P/E of 45.4x compares to sector median of 16.8x. The premium reflects expected growth above peers.
What is PAGP's PEG ratio?
PAGP PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2013-2025.