PAA
Plains All American Pipeline
PE ratio, current and historical analysis
- Stocks
- Energy
- NASDAQ: PAA
- PE Ratio
As of Jun 22, 2026, the PAA stock has a P/E ratio of 16.4. The calculation is based on the latest EPS of $1.31 and the stock price of $21.48 per share. An increase of 4.5% has been observed in the PE ratio compared to its average of 15.7 of the past four quarters.
PAA PE ratio history
The mean historical PE ratio of Plains All American Pipeline over the last ten years is 22.87. The current 16.4 price-to-earnings ratio is 28% less than the historical average. Analyzing the last ten years, PAA's PE ratio reached its highest point in the Jun 2016 quarter at 76.36, with a price of $27.49 and an EPS of $0.36. The Sep 2019 quarter saw the lowest point at 5.43, with a price of $20.75 and an EPS of $3.82.
Plains All American Pipeline PE ratio by year
Maximum annual increase: 153.51% in 2016
Maximum annual decrease: -71.37% in 2017
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 10.82 | -53.76% | $17.96 | $1.66 |
| 2024 | 23.4 | 116.27% | $17.08 | $0.73 |
| 2023 | 10.82 | 9.51% | $15.15 | $1.4 |
| 2022 | 9.88 | -41.81% | $11.76 | $1.19 |
| 2021 | 16.98 | N/A | $9.34 | $0.55 |
| 2020 | N/A | N/A | $8.24 | -$3.83 |
| 2019 | 6.81 | -5.81% | $18.39 | $2.7 |
| 2018 | 7.23 | -66.37% | $20.04 | $2.77 |
| 2017 | 21.5 | -71.37% | $20.64 | $0.96 |
| 2016 | 75.09 | 153.51% | $32.29 | $0.43 |
| 2015 | 29.62 | 37.96% | $23.1 | $0.78 |
| 2014 | 21.47 | 16.94% | $51.32 | $2.39 |
| 2013 | 18.36 | -2.18% | $51.77 | $2.82 |
| 2012 | 18.77 | 25.72% | $45.24 | $2.41 |
| 2011 | 14.93 | -42.47% | $36.73 | $2.46 |
Plains All American Pipeline PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 17.05 | 57.58% | $22.33 | $1.31 |
| Dec 2025 | 10.82 | -23.26% | $17.96 | $1.66 |
| Sep 2025 | 14.1 | -32.28% | $17.06 | $1.21 |
| Jun 2025 | 20.82 | -3.21% | $18.32 | $0.88 |
| Mar 2025 | 21.51 | -8.08% | $20 | $0.93 |
| Dec 2024 | 23.4 | 52.24% | $17.08 | $0.73 |
| Sep 2024 | 15.37 | -4.47% | $17.37 | $1.13 |
| Jun 2024 | 16.09 | 7.2% | $17.86 | $1.11 |
| Mar 2024 | 15.01 | 38.72% | $17.56 | $1.17 |
| Dec 2023 | 10.82 | -5.34% | $15.15 | $1.4 |
| Sep 2023 | 11.43 | 31.38% | $15.32 | $1.34 |
| Jun 2023 | 8.7 | 6.1% | $14.1 | $1.62 |
| Mar 2023 | 8.2 | -17% | $12.47 | $1.52 |
| Dec 2022 | 9.88 | 36.09% | $11.76 | $1.19 |
| Sep 2022 | 7.26 | -39.4% | $10.52 | $1.45 |
PAA Price vs fair value
PAA average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of PAA is above its 3-year average, but it is under its 5 and 10-year averages.
PE comparison
Plains All American Pipeline's price to earnings (P/E) of 16.4 is higher than the industry and its peers average but lower than the Energy sector average. But when looking at the Energy sector average of 16.89, Plains All American Pipeline's price to earnings (P/E) is only 2.9% lower.
PAA PE vs peers
When compared to its peer PAGP, PAA's PE ratio is lower, but it is higher than EPD's and MPLX's. Plains All American Pipeline's current PE ratio of 16.4 is in line with the average of its peers, which is 16.32.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MPLX Mplx Lp | 12.46 | $58.4B |
| EPD Enterprise Products Partners Lp | 13.72 | $80.14B |
| DKL Delek Logistics Partners LP | 15.8 | $2.66B |
| PAA Plains All American Pipeline Lp | 16.7 | $15.44B |
| PAGP Plains Gp Holdings Lp | 24.22 | $4.7B |
| GEL Genesis Energy Lp | N/A | $1.76B |
Frequently asked questions
What is Plains All American Pipeline's PE ratio?
The price to earnings ratio for PAA stock is 16.4 as of Jun 22, 2026.
What is the 3-year average PE ratio for Plains All American Pipeline (PAA)?
The average PE ratio for PAA stock over the past 3 years is 15.43.
What is the 5-year average PE ratio for Plains All American Pipeline (PAA)?
The average PE ratio for PAA stock over the past 5 years is 18.8.
What is the highest PE ratio for PAA?
The highest quarterly PE ratio in the last ten years has been 76.36 and it was in the Jun 2016 quarter.
How does the current PE ratio for PAA compare to its historical average?
PAA's current price to earnings ratio is 28% below its 10-year historical average.
How is PAA's PE ratio calculated (Plains All American Pipeline PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 22, 2026), Plains All American Pipeline's share price is $21.48. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $1.31. Therefore, Plains All American Pipeline's price to earnings ratio for today is 16.4. PE RATIO(16.4) = STOCK PRICE($21.48) / TTM EPS($1.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.