Plains All American Pipeline, L.P. (PAA)

PAA Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	16,553	12,671	12,019	10,620	8,212	6,642
Market Cap Growth	43.86%	5.42%	13.17%	29.32%	23.65%	10.65%
Enterprise Value	26,647	26,359	25,222	24,150	21,551	18,439
Last Close Price	23.92	16.71	14.62	12.04	8.65	6.37

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	7.82	10.84	23.38	10.88	9.88	16.90
Forward PE	12.48	10.03	11.81	11.91	9.07	7.94
PS Ratio	0.30	0.29	0.25	0.22	0.14	0.16
PB Ratio	1.95	0.97	0.92	0.77	0.61	0.52
P/TBV Ratio	2.32	2.10	2.06	1.70	1.46	1.16
P/FCF Ratio	7.59	5.53	5.89	4.58	4.21	4.00
P/OCF Ratio	5.86	4.32	4.83	3.89	3.41	3.33
PEG Ratio	-	0.14	0.83	0.83	0.83	0.83

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	0.48	0.60	0.52	0.51	0.38	0.44
EV/EBITDA Ratio	9.94	11.26	11.10	11.99	8.53	8.25
EV/EBIT Ratio	15.65	18.98	18.38	21.84	13.81	12.63
EV/FCF Ratio	12.21	11.50	12.35	10.41	11.04	11.11

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.80	0.88	0.60	0.59	0.65	0.75
Debt / EBITDA Ratio	3.70	4.80	3.36	3.90	3.35	4.10
Debt / FCF Ratio	4.62	5.01	3.84	3.49	4.52	5.81
Net Debt / Equity Ratio	0.80	0.85	0.57	0.55	0.62	0.72
Net Debt / EBITDA Ratio	3.76	4.76	3.30	3.77	3.31	4.11
Net Debt / FCF Ratio	4.62	4.87	3.67	3.27	4.28	5.53
Asset Turnover	1.94	1.56	1.81	1.71	2.03	1.59
Inventory Turnover	-	176.22	114.43	70.51	72.08	55.34
Quick Ratio	-	0.80	0.81	0.85	0.74	0.83
Current Ratio	1.09	0.96	0.97	0.98	0.91	0.99
Return on Equity (ROE)	10.50%	10.59%	6.58%	9.62%	9.33%	5.74%
Return on Assets (ROA)	3.70%	3.06%	3.18%	2.50%	3.45%	3.44%
Return on Invested Capital (ROIC)	7.08%	6.13%	5.96%	4.89%	6.17%	6.20%
Return on Capital Employed (ROCE)	7.40%	5.50%	6.30%	4.90%	7.10%	6.50%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 9, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	12.79%	11.33%	6.42%	11.58%	12.63%	8.93%
FCF Yield	13.18%	18.10%	16.99%	21.84%	23.78%	24.99%
Dividend Yield	7.12%	8.67%	7.80%	7.39%	7.82%	7.64%
Payout Ratio	55.64%	90.24%	148.32%	80.41%	75.41%	120.57%
Buyback Yield / Dilution	-0.28%	-0.29%	-0.43%	0.29%	2.10%	1.65%
Total Shareholder Return	6.82%	8.39%	7.37%	7.68%	9.92%	9.29%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error