Obermatt

Plains GP Holdings

NSQ:PAGP · US72651A2078
Oil, Gas & Consumable FuelsX-Large

360

59
EV / EBIT36
Price / Owner Earnings61
Owner Earnings Yield60
Dividend Yield91
Price/Sales97
EV / Gross Profit71
Price/Book16
Return on Capital21
Cash Return on Capital42
Return on Equity23
EBIT Margin14
Gross Profitability16
Cash Conversion100
Accruals51
Owner Earnings Margin28
Sales growth62
Profit Growth51
Long-Term EPS Growth43
Owner Earnings Growth55
Reinvestment17
Price momentum65
Debt load44
Refinancing21
Debt Payback21
Liquidity38
Analyst ratings36
Opinion Changes44
Price Target Upside10
Market mood23
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Plains GP Holdings clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryOil, Gas & Consumable Fuels
SizeX-Large
TypePublic Company
ExchangeNASDAQGS
Founded2013
Websiteplains.com
ISINUS72651A2078
Last UpdateApr 2, 2026
Themes
Storage ManagementDisposal and RecyclingFreight Service

Description

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P. (‘PAA’), owns and operates midstream infrastructure systems. The company owns a 100% managing member interest in Plains All American GP LLC (‘GP LLC’), a Delaware l…

Analysis

Middle-of-the-road

Plains GP Holdings, L.P. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 9.6×; owner earnings: the cash an owner could take out each year.

Growth is solid; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
25
2023202420252026

All-time high

96

Mar 2026

All-time low

25

Jun 2026

Average rank

61

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
97
100
97
96
Price/Earnings
97
52
46
48
Price/Book
16
25
48
72
Dividend Yield
91
93
76
89
Value (overall)
90
83
82
93

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →