Plains All American Pipeline price to free cash flow PAA

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 7.9×
9-year median: 6.7×
Against its 9-year history: 69th; percentile: 0 is its lowest day, 100 its highest
9-year range: 2.9× to 39.8×
Peer median: 20.8×

Plains All American Pipeline's price to free cash flow is 7.9× as of Oct 23, 2026.

That is above its 9-year median of 6.7×, higher than on 69% of days in the last 9 years.

Over that time it ranged from 2.9× in Apr 2020 to 39.8× in Feb 2019.

The median for 10 oil and gas pipeline stocks of a similar size is 20.8×.

Price to free cash flow over time

median 6.7×

The dashed line is the 9-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	7.9×	5.8×	8.1×
2025	5.6×	5.3×	7.7×
2024	5.4×	5.4×	8.0×
2023	7.1×	3.6×	7.4×
2022	3.5×	3.4×	6.9×
2021	5.4×	5.2×	10.6×
2020	5.4×	2.9×	8.0×
2019	7.9×	7.3×	39.8×
2018	32.6×	10.6×	37.7×
2017	16.3×	14.9×	25.7×
2016	n/m a value too high to mean anything
2015	262×	245×	267×
2014	259×	44.6×	274×
2013	45.8×	22.1×	46.5×
2012	32.7×	7.1×	34.2×
2011	11.3×	9.8×	179×
2010	165×	161×	169×

Against its peers

Companies in Oil & Gas Midstream nearest Plains All American Pipeline's size, closest first, today.

Company	Price to free cash flow
PAAPlains All American Pipeline	7.9×
WESWestern Midstream Partners	15.3×
DTMDT Midstream	26.3×
CQPCheniere Energy Partners	11.5×
VGVenture Global	n/m
AMAntero Midstream	n/m
KNTKKinetik	57.7×
SWXSouthwest Gas	n/m
MPLXMPLX Lp	18.0×
OKEONEOK	20.8×
LNGCheniere Energy	22.1×
Peer median	20.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Plains All American Pipeline

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.