Plains GP
PAGP
#3023
Rank
$3.11 B
Marketcap
$12.94
Share price
0.62%
Change (1 day)
21.62%
Change (1 year)

P/E ratio for Plains GP (PAGP)

P/E ratio as of November 2022 (TTM): 12.2

According to Plains GP's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.2075. At the end of 2021 the company had a P/E ratio of 31.7.

P/E ratio history for Plains GP from 2014 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202131.7-1266.25%
2020-2.72-128.68%
20199.48-0.54%
20189.53-300.94%
2017-4.74-113.1%
201636.2

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.