Plains All American Pipeline, L (PAA): Valuation

TTM figures as of June 30, 2026

Plains All American Pipeline, L trades at 6.7 times trailing earnings and a 12.90% free-cash-flow yield. The Energy median P/E is 16.6.

Earnings yield 15.01%. Shareholder yield 0.00%. Net cash $1.1B.

Sector comparison uses 988 Energy names.

Frequently asked questions

Is PAA cheap versus its own history?

Plains All American Pipeline, L trades at 6.7 times trailing earnings and a 12.90% free-cash-flow yield. The Energy median P/E is 16.6.

What is PAA's free-cash-flow yield?

Plains All American Pipeline, L currently yields 12.90% of market cap as trailing free cash flow.

Where do these valuation figures come from?

Yields and quality metrics are computed from the same SEC TTM figures as the financials page, against the live market cap. Historical bands reconstruct month-end market cap from split-adjusted closes and the share count in the units it was filed, then divide by those dollar totals. Nothing here is a third-party estimate.

Source: SEC filings for the fundamentals; split-adjusted Yahoo closes and recorded stock splits for historical market cap.

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