# Plains All American Pipeline L.P. Common Units representing Limited Partner Interests (PAA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $25.70, market value $18.1 billion.

## Valuation
- **P/E (trailing): 22.0×**. Plains All American Pipeline L.P. Common Units representing Limited Partner Interests trades at 22.0× trailing earnings. The Energy median in the September 2026 study was 16.8×. Forward P/E is 13.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.0×**. Enterprise value is 7.0× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 13.1%**. Free cash flow equals 13.1% of the market value. Above 5% is generally attractive.
- **Earnings yield: 4.6%**. The inverse of the P/E: 4.6% of the price is earned each year.

## Profitability
- **Operating margin: 3.1%**. 3.1% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 3.2%**. 3.2% of each dollar of sales reaches the bottom line.
- **Return on assets: 9.2%**. Each dollar of assets produces 9.2% of profit.

## Growth
- **Revenue growth (1 yr): -9.5%** (3-yr -8.3%/yr, 5-yr 13.7%/yr). Revenue fell 9.5% over the last year, against 13.7% a year compounded over five years: growth is slowing.
- **Free-cash-flow growth (3 yr): 5.5%/yr**. Free cash flow has compounded at 5.5% a year over three years.

## Financial health
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.

## Dividends
- **Dividend yield: 6.35%** ($1.63 per share, trailing). Plains All American Pipeline L.P. Common Units representing Limited Partner Interests yields 6.35%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 11.1%/yr** (1-yr 19.5%). The dividend has compounded at 11.1% a year over five years, doubling roughly every 7 years at that pace.

## Analyst view
- **Analyst consensus: buy** (16 analysts). 16 analysts cover Plains All American Pipeline L.P. Common Units representing Limited Partner Interests; the consensus is buy, with an average price target of $25.13 (-2% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 56.8%** (YTD 48.9%, 3-mo 13.7%). The shares are up 56.8% over twelve months including dividends.
- **From 52-week high: -1.0%** (63.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): -0.32** (volatility 20%). Beta of -0.32 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PAA · Page: https://foliofundamentals.com/stocks/paa

Not investment advice.