Plains GP price to free cash flow PAGP

Market value divided by free cash flow over the last twelve months, since 2015.

Today, Oct 23, 2026: 2.4×
9-year median: 2.0×
Against its 9-year history: 74th; percentile: 0 is its lowest day, 100 its highest
9-year range: 0.8× to 8.7×
Peer median: 17.5×

Plains GP's price to free cash flow is 2.4× as of Oct 23, 2026.

That is above its 9-year median of 2.0×, higher than on 74% of days in the last 9 years.

Over that time it ranged from 0.8× in Apr 2020 to 8.7× in Feb 2019.

The median for 10 oil and gas pipeline stocks of a similar size is 17.5×.

Price to free cash flow over time

median 2×

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	2.4×	1.7×	2.5×
2025	1.7×	1.6×	2.3×
2024	1.7×	1.6×	2.4×
2023	2.1×	1.0×	2.1×
2022	1.0×	1.0×	2.0×
2021	1.6×	1.4×	3.0×
2020	1.4×	0.8×	2.1×
2019	2.0×	1.8×	8.7×
2018	7.2×	2.3×	8.0×
2017	3.7×	3.4×	5.8×
2016	n/m a value too high to mean anything
2015	111×	102×	111×

Against its peers

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

Company	Price to free cash flow
PAGPPlains GP	2.4×
AROCArchrock	17.5×
SWXSouthwest Gas	n/m
KGSKodiak Gas Services	n/m
KNTKKinetik	57.7×
AMAntero Midstream	n/m
CPKChesapeake Utilities	n/m
DTMDT Midstream	26.3×
CTRICenturi	n/m
GELGenesis Energy	5.1×
WESWestern Midstream Partners	15.3×
Peer median	17.5×

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 GP

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