Stock Analysis
Plains All American Pipeline, L.P. Common Units representing Limited Partner InterestsPAA
P/E 6.70×· 5Y range 6.16–16.56×· 36th percentile of history
Sector: Industrials · Industry: Pipe Lines (No Natural Gas)
AnalystsBuy24 analystsP/E 6.7× sits at the 36th percentile of its 5.086926762491444-year history.
Cash covers 12% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Quality82
Risks
- Growth26
- Profitability43
Mixed picture — no clear quality or value edge.
Bull Case
- ✓ROE 18.6% — efficient capital deployment
What's happening with PAA
Profile
Strong valuation and earnings quality; moat, growth, profitability and financial health lag behind.
How is each axis scored?
- Valuation82/100 · Strong
- P/E vs own history (36th pct)20/25
- FCF yield (13.3%)25/25
- P/S (0.3x)25/25
- EV/EBIT (16.2x)12/25
- Growth26/100 · Weak
- Revenue CAGR (1.3%)6/25
- Net income CAGR (18.5%)20/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (-55.0%)0/25
- Profitability43/100 · Weak
- ROIC (5.6%)5/25
- ROE (18.6%)20/25
- Net margin (5.1%)13/25
- Operating margin (3.0%)5/25
- Financial Health44/100 · Weak
- Altman Z (1.87)10/25
- Current ratio (1.12)12/25
- Interest coverage (3.4x)10/25
- Net cash / debt (D/A 26%)12/25
- Quality82/100 · Strong
- Piotroski F (5/9)15/25
- Beneish M (-2.98)25/25
- FCF conversion (89%)22/25
- Margin stability (σ 7.8%)20/25
- Moat24/100 · Weak
- ROIC >12% years (4/9 yrs)6/25
- Median gross margin (10.4%)0/25
- FCF-positive years (9/10 yrs)18/25
- Worst-year net margin (worst -11.1%)0/25
About Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests
Plains All American Pipeline LP, through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. Show more
The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, barges, or railcars. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminalling. It generates the majority of its revenue from the Crude Oil segment.
Headquarters: HOUSTON, TX · Employees: 4,200 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
82AP/E (TTM)6.7xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 6.2x–16.6x · 36th pct
P/FCF7.5xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield13.3%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 12.9%–15.1% · 28th pct
P/S (TTM)0.34xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.3x–0.4x · 67th pct
EV/EBIT16.2xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 10.5x–16.2x · 99th pct
EV/Sales0.5xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E14.9xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.25xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio-3.40A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield7.53%C
Grade C: HighTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio48.4%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
43D+ROIC5.6%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE18.6%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA9.3%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin5.1%C
Grade C: AverageNet Income / Revenue
Operating Margin3.0%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin6.7%D
Grade D: LowGross Profit / Revenue
FCF Margin4.5%D
Grade D: LowFCF / Revenue
True FCF Margin4.4%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
26ERevenue CAGR1.3%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR18.5%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-55.0%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income1.8%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.1%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
44D+Altman Z-Score1.87C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.12xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.10xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage3.4xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment3.2yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT4.8xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity0.60xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.12xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
82APiotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.98A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion89.3%A
Grade A: StrongFCF / Net Income
Margin Stability7.8%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue1.1%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover1.76xA
Grade A: HighRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
McGee Richard K. Filed | McGee Richard K. | Gift | -120000 | |
RAYMOND JOHN T Filed | RAYMOND JOHN T | SellDisposition | -20376259 | |
PAA GP Holdings LLC Filed | PAA GP Holdings LLC | Grant / award | +59.2K | |
Herbold Chris Filed | Herbold Chris | Option exercise | -40609 | |
Herbold Chris Filed | Herbold Chris | Option exercise | -100000 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Herbold Chris Filed | Herbold Chris | Tax withholding | -54241 | |
Herbold Chris Filed | Herbold Chris | Option exercise | +40.6K | |
Herbold Chris Filed | Herbold Chris | Option exercise | +100.0K |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
24EROIC >12% Years4/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)10.4%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years9/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-11.1%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$3.77
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$1.50
Cash & short-term investments per share (Finnhub)
Book Value / Share$15.70
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$8.63B
Total debt obligations (short + long term)
Cash & Equiv.$1.06B
Cash and short-term investments
Net Debt$7.58B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$14.29B
Shareholders' equity (book value)
Asset / Liability1.96xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$17.82B
Current Market Capitalization
Beta0.58B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA)
Piotroski F-Score of 5/9 indicates mixed fundamentals for Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests. Altman Z-Score of 1.87 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Beneish M-Score of -2.98 suggests a low likelihood of earnings manipulation. Takes ~3.2 years to repay net debt from free cash flow.
- Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests posted a net loss in 1 of 10 available completed fiscal years (2016–2025).
- At a valuation score of 82/100, PAA trades near the cheapest end of its own historical range (P/E 6.7).
- The stock currently yields 7.5% in dividends.
See how PAA ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all PAA moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 13 | After-hours | 24.92 | +1.71% | 2.02 |
| Oct 8 | After-hours | 24.50 | +1.70% | 2.09 |
| Oct 5 | After-hours | 24.28 | +2.25% | 2.75 |
| Sep 29 | Regular | 23.88 | -2.65% | -2.77 |
Frequently Asked Questions about PAA
What is the current Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) stock price?
PAA is trading at $25.25 at the last market close, up 0.40% on the session. PreMarketPrice tracks PAA pre-market, intraday and after-hours prices.
Is PAA stock a buy right now?
PreMarketPrice's quantitative model rates Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests's financial health at 44/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is PAA stock overvalued?
Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests trades at a trailing P/E of 6.7 and our valuation score rates it 82/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests report earnings?
No confirmed earnings date is currently scheduled for PAA. The Earnings section lists recent reports and updates as dates are announced.
What sector does Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests operate in?
Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests operates in the Industrials sector, within the Pipe Lines (No Natural Gas) industry. The Related Stocks section lists sector peers for comparison.
What does Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests do?
Plains All American Pipeline LP, through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada.
About Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) Stock
Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) is a US-listed stock operating in the Industrials sector, specifically the Pipe Lines (No Natural Gas) industry. As of the latest update, Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests is trading at $25.25, up 0.40% on the day with a market capitalization of $17.8 billion. The financial health score for PAA is 44/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for PAA stock.
PAA Stock Analysis & Key Metrics
On PreMarketPrice, you can track Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) across multiple dimensions:
- Pre-market price & movement: Real-time PAA stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for PAA with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests across multiple reporting periods.
- Financial health score: A composite score of 44/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for PAA.
- Sector peers: Compare PAA against 6 other industrials stocks on key financial metrics.
Is PAA a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) as an investment. The financial health score of 44/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Plains All American Pipeline, L.P. Common Units representing Limited Partner Interests (PAA) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.