PAGP Valuation

Plains GP Holdings LP

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19.240

-0.05(-0.259%)1D

Overview
Forecast
Valuation
Earnings

PAGP Relative Valuation

PAGP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, PAGP is overvalued; if below, it's undervalued.

Historical Valuation

Plains GP Holdings LP (PAGP) is now in the Undervalued zone, suggesting that its current forward PS ratio of 0.07 is considered Undervalued compared with the five-year average of 16.56. The fair price of Plains GP Holdings LP (PAGP) is between 273.96 to 279.57 according to relative valuation methord. Compared to the current price of 19.29 USD , Plains GP Holdings LP is Undervalued By 92.96%.

Relative Value

Fair Zone

273.96-279.57

Current Price：19.29

92.96%

Undervalued

15.76

Trailing

Forward

9.05

EV/EBITDA

Plains GP Holdings LP. (PAGP) has a current EV/EBITDA of 9.05. The 5-year average EV/EBITDA is 9.41. The thresholds are as follows: Strongly Undervalued below 7.35, Undervalued between 7.35 and 8.38, Fairly Valued between 10.44 and 8.38, Overvalued between 10.44 and 11.46, and Strongly Overvalued above 11.46. The current Forward EV/EBITDA of 9.05 falls within the Historic Trend Line -Fairly Valued range.

14.73

EV/EBIT

Plains GP Holdings LP. (PAGP) has a current EV/EBIT of 14.73. The 5-year average EV/EBIT is 16.44. The thresholds are as follows: Strongly Undervalued below 8.74, Undervalued between 8.74 and 12.59, Fairly Valued between 20.29 and 12.59, Overvalued between 20.29 and 24.14, and Strongly Overvalued above 24.14. The current Forward EV/EBIT of 14.73 falls within the Historic Trend Line -Fairly Valued range.

0.07

Plains GP Holdings LP. (PAGP) has a current PS of 0.07. The 5-year average PS is 0.06. The thresholds are as follows: Strongly Undervalued below 0.03, Undervalued between 0.03 and 0.04, Fairly Valued between 0.07 and 0.04, Overvalued between 0.07 and 0.08, and Strongly Overvalued above 0.08. The current Forward PS of 0.07 falls within the Overvalued range.

1.39

P/OCF

Plains GP Holdings LP. (PAGP) has a current P/OCF of 1.39. The 5-year average P/OCF is 1.12. The thresholds are as follows: Strongly Undervalued below 0.46, Undervalued between 0.46 and 0.79, Fairly Valued between 1.44 and 0.79, Overvalued between 1.44 and 1.77, and Strongly Overvalued above 1.77. The current Forward P/OCF of 1.39 falls within the Historic Trend Line -Fairly Valued range.

2.57

P/FCF

Plains GP Holdings LP. (PAGP) has a current P/FCF of 2.57. The 5-year average P/FCF is 2.21. The thresholds are as follows: Strongly Undervalued below 1.13, Undervalued between 1.13 and 1.67, Fairly Valued between 2.75 and 1.67, Overvalued between 2.75 and 3.29, and Strongly Overvalued above 3.29. The current Forward P/FCF of 2.57 falls within the Historic Trend Line -Fairly Valued range.

Plains GP Holdings LP (PAGP) has a current Price-to-Book (P/B) ratio of 2.81. Compared to its 3-year average P/B ratio of 2.16 , the current P/B ratio is approximately 30.50% higher. Relative to its 5-year average P/B ratio of 1.82, the current P/B ratio is about 54.72% higher. Plains GP Holdings LP (PAGP) has a Forward Free Cash Flow (FCF) yield of approximately 53.65%. Compared to its 3-year average FCF yield of 62.83%, the current FCF yield is approximately -14.61% lower. Relative to its 5-year average FCF yield of 60.00% , the current FCF yield is about -10.57% lower.

2.81

P/B

Median3y

2.16

Median5y

1.82

53.65

FCF Yield

Median3y

62.83

Median5y

60.00

Competitors Valuation Multiple

The average P/S ratio for PAGP's competitors is 4.16, providing a benchmark for relative valuation. Plains GP Holdings LP Corp (PAGP) exhibits a P/S ratio of 0.07, which is -98.33% above the industry average. Given its robust revenue growth of 0.13%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

PAGP.O

Plains GP Holdings LP

Western Midstream Partners LP

Plains All American Pipeline LP

Antero Midstream Corp

Performance Decomposition

Market capitalization of PAGP increased by 0.47% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 2.80 to 4.10.

The secondary factor is the Revenue Growth, contributed 0.13%to the performance.

Overall, the performance of PAGP in the past 1 year is driven by Margin Expansion. Which is more sustainable.

0.13%

12.00B → 12.01B

Revenue Growth

46.43%

2.80 → 4.10

Margin Expansion

-46.09%

48.68 → 26.24

P/E Change

0.47%