Plains All American Pipeline, L.P.
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
10.9012.7312.5010.08
Price/Sales ratio
0.230.220.220.21
Earnings per Share (EPS)
$1.59$1.37$1.39$1.73

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.6010.0720.6317.287.226.15-2.3211.277.948.6011.237.22
Price/Sales ratio
0.430.390.740.560.470.390.250.150.140.210.230.39
Price/Book Value ratio
2.291.141.69-259.62-5.201.010.610.520.611.010.86-5.20
Price/Cash Flow ratio
9.396.7720.635.926.135.333.963.353.423.884.245.33
Price/Free Cash Flow ratio
261.58-12.38-24.6410.0316.4310.107.734.024.224.884.5010.10
Price/Earnings Growth ratio
-0.89-0.14-0.450.140.03-2.840.01-0.090.060.486.890.03
Dividend Yield
4.95%11.87%7.08%9.36%6.44%8.99%14.21%10.69%9.48%9.33%7.57%6.44%
Profitability Indicator Ratios
Gross Profit Margin
4.86%6.65%6.30%5.44%7.27%6.86%4.85%4.12%3.28%5.65%27.33%7.27%
Operating Profit Margin
4.12%5.45%4.92%4.39%6.68%3.48%15.55%2.99%1.36%3.09%3.15%3.48%
Pretax Profit Margin
3.58%4.34%3.74%3.43%7.08%6.67%-11.15%1.71%2.47%3.33%3.07%6.67%
Net Profit Margin
3.18%3.90%3.59%3.26%6.50%6.44%-11.07%1.41%1.80%2.52%2.07%6.44%
Effective Tax Rate
10.98%9.94%3.31%4.87%8.20%2.93%0.73%10.12%13.33%7.45%10.30%8.20%
Return on Assets
6.21%4.05%2.99%3.37%8.68%7.57%-10.53%2.07%3.71%4.49%3.85%7.57%
Return On Equity
16.89%11.37%8.23%-1501.75%-71.97%16.45%-26.49%4.62%7.78%11.80%9.40%-71.97%
Return on Capital Employed
10.23%6.68%5.08%5.53%10.32%4.95%17.89%5.62%3.54%6.75%7.23%7.23%
Liquidity Ratios
Current Ratio
0.870.870.910.881.020.910.86N/AN/AN/A1.000.91
Quick Ratio
0.690.600.620.720.830.790.700.850.780.870.920.83
Cash ratio
0.080.000.010.000.010.000.000.070.060.080.120.01
Days of Sales Outstanding
21.9628.1441.2142.1626.3039.1740.0140.8424.8628.1728.6026.30
Days of Inventory outstanding
7.8615.4725.9210.497.397.0310.657.094.794.354.347.03
Operating Cycle
29.8243.6167.1452.6533.6946.2050.6647.9329.6632.5232.9446.20
Days of Payables Outstanding
26.3534.4149.9548.9131.2542.9040.1443.5526.6130.5336.6031.25
Cash Conversion Cycle
3.469.1917.183.732.443.3010.524.383.051.99-3.653.30
Debt Ratios
Debt Ratio
0.450.510.480.390.360.330.410.320.300.280.290.33
Debt Equity Ratio
1.221.431.34-174.03-2.990.731.040.710.630.740.58-2.99
Long-term Debt to Capitalization
0.510.560.531.001.500.400.480.390.350.410.340.40
Total Debt to Capitalization
0.550.580.571.001.500.420.510.410.380.420.370.42
Interest Coverage Ratio
5.262.922.122.265.014.741.97N/AN/AN/A3.814.74
Cash Flow to Debt Ratio
0.190.110.060.250.280.250.140.210.280.350.340.28
Company Equity Multiplier
2.712.802.74-444.75-8.282.172.512.232.092.622.00-8.28
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.040.050.030.090.070.070.060.040.040.050.050.07
Free Cash Flow / Operating Cash Flow Ratio
0.03-0.54-0.830.590.370.520.510.830.810.790.940.37
Cash Flow Coverage Ratio
0.190.110.060.250.280.250.140.210.280.350.340.28
Short Term Coverage Ratio
1.551.340.423.3939.514.721.822.422.076.293.624.72
Dividend Payout Ratio
67.48%119.71%146.28%161.91%46.57%55.36%-33.06%120.57%75.40%80.40%133.11%46.57%