P/E ratio for Plains All American Pipeline (PAA)
P/E ratio as of June 2024 (TTM): 10.4
According to Plains All American Pipeline's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4383. At the end of 2022 the company had a P/E ratio of 9.88.
P/E ratio history for Plains All American Pipeline from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.88 | -41.81% |
| 2021 | 17.0 | -889.32% |
| 2020 | -2.15 | -131.59% |
| 2019 | 6.81 | -5.85% |
| 2018 | 7.23 | -65.65% |
| 2017 | 21.1 | -73.26% |
| 2016 | 78.8 | 169.34% |
| 2015 | 29.2 | 35.6% |
| 2014 | 21.6 | 17.87% |
| 2013 | 18.3 | -2.14% |
| 2012 | 18.7 | 24.71% |
| 2011 | 15.0 | -42.23% |
| 2010 | 25.9 | 64.96% |
| 2009 | 15.7 | 19.25% |
| 2008 | 13.2 | -35.57% |
| 2007 | 20.5 | 16.36% |
| 2006 | 17.6 | 18.27% |
| 2005 | 14.9 | -25.9% |
| 2004 | 20.1 | -36.3% |
| 2003 | 31.5 | 73.07% |
| 2002 | 18.2 | -20.83% |
| 2001 | 23.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Blueknight Energy Partners BKEP | 2.36 | -77.37% | 🇺🇸 USA |
 Delek Logistics Partners DKL | 11.0 | 5.11% | 🇺🇸 USA |
 Magellan Midstream Partners
MMP | 13.7 | 31.68% | 🇺🇸 USA |
 Phillips 66 Partners
PSXP | 14.1 | 35.51% | 🇺🇸 USA |
 NuStar Energy NS | 18.5 | 76.79% | 🇺🇸 USA |
 MPLX MPLX | 11.5 | 10.38% | 🇺🇸 USA |
 Holly Energy Partners HEP | 10.8 | 3.66% | 🇺🇸 USA |
 Genesis Energy L.P. GEL | 27.5 | 163.56% | 🇺🇸 USA |
 Enterprise Products EPD | 11.3 | 8.71% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.