PAA P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
PAA's p/e ratio is lower than 83% of the last 10 years.
P/E ratio History
PAA P/E ratio by year
Yearly range of PAA’s p/e ratio from 2016 to 2026. Over the full period it ranged from -5.0 to 144.1, averaging 16.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 6.2 | 12.1 | 18.2 | 7.2 |
| 2025 | 10.7 | 19.7 | 28.6 | 10.7 |
| 2024 | 10.8 | 14.6 | 23.3 | 23.3 |
| 2023 | 8.1 | 9.8 | 11.8 | 11.2 |
| 2022 | 6.9 | 14.9 | 27.4 | 7.7 |
| 2021 | -3.0 | 41.8 | 144.1 | 13.8 |
| 2020 | -5.0 | -0.9 | 7.3 | -2.3 |
| 2019 | 4.6 | 6.5 | 9.2 | 7.0 |
| 2018 | 7.4 | 23.8 | 35.5 | 7.4 |
| 2017 | 11.1 | 16.9 | 21.1 | 20.1 |
| 2016 | 13.3 | 14.8 | 15.8 | 15.2 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is PAA P/E ratio High or Low Right Now?
Plains All American Pipeline, L.P.'s P/E ratio is currently 7.2, which is historically cheap relative to its 10-year historical range. The 10-year median P/E ratio for PAA is approximately 13.4. See all PAA valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.