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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#1250
Positioning
Market Dominance
Transportation, Communications, Electric, Gas, And Sanitary Services
Transportation
$11.7B
Willie C. W. Chiang
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids in the United States and Canada. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. The Natural Gas Liquids segment engaged in the natural gas processing, NGL fractionation, storage and transportation, and other facilities-related services.
Headcount
4.1K
HQ Base
Wilmington, Texas
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Dates updated upon official exchange announcement.
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UGP ULTRAPAR HOLDINGS INC | 79 | 90 | 95 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$TNK TEEKAY TANKERS LTD. | 78 | 94 | 97 | 82 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$DHT DHT Holdings, Inc. | 75 | 84 | 88 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$STNG Scorpio Tankers Inc. | 75 | 86 | 95 | 74 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NAT NORDIC AMERICAN TANKERS Ltd | 75 | 82 | 88 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMX AMERICA MOVIL SAB DE CV/ | 74 | 86 | 81 | 68 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PAC Pacific Airport Group | 73 | 94 | 80 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GSL Global Ship Lease, Inc. | 73 | 82 | 94 | 81 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$TRMD TORM plc | 73 | 86 | 94 | 65 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$VIV TELEFONICA BRASIL S.A. | 73 | 82 | 90 | 78 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PAA PLAINS ALL AMERICAN PIPELINE LP | 55 | 45 | 69 | 48 | 8.9x | 9.2x | 12.7% | 5.9% | 9.2% | 3.4% | 3.5% | -10.5% | 8.7% | 116.0x | $11.7B | ||
| SECTOR BENCH | - | - | - | - | - | 16.9x | 6.1x | 11.9% | 3.2% | 52.6% | 14.8% | 7.7% | 4.2% | 1.4% | 1.3x | - | REF |
PLAINS ALL AMERICAN PIPELINE LP (PAA) receives a "Hold" rating with a composite score of 55.2/100. It ranks #1250 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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In-line with peers — no strong momentum signal
Trading at a discount to fundamentals — favorable entry valuation
Average quality profile
Low volatility — smoother ride and historically better risk-adjusted returns
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Transportation, Communications, Electric, Gas, And Sanitary Services sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for PAA.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 45 | 49 | -4NEUTRAL |
| MOMENTUM | 48 | 48 | 0NEUTRAL |
| VALUATION | 69 | 75 | -6DRAG |
| INVESTMENT | 33 | 39 | -6DRAG |
| STABILITY | 71 | 75 | -4NEUTRAL |
| SHORT INT | 73 | 85 | -12DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 5.8% vs WACC 6.5% (spread -0.7%)
GM 9% vs sector 53%, OM 3% vs sector 15%
Capital turnover 1.40x
Rev growth -10%, 10yr history
Interest coverage 3.6x, Net debt/EBITDA 17.1x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate PLAINS ALL AMERICAN PIPELINE LP (PAA) as a Hold with a composite score of 55.2/100 at a current price of $20.57. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
PLAINS ALL AMERICAN PIPELINE LP holds a top-quartile position (#0 of 50) within the Transportation, Communications, Electric, Gas, And Sanitary Services sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 55.2/100 places it at rank #1250 in our full universe.
No Moat
Medium
Standard
Undervalued
Value factor score of 69 suggests attractive pricing.
Stable competitive position in a defensive sector.
Leverage of 116% D/E amplifies downside risk.
Vulnerability to macroeconomic shocks and interest rate volatility.
PLAINS ALL AMERICAN PIPELINE LP represents a hold based on multi-factor quantitative performance.
Our model assigns PLAINS ALL AMERICAN PIPELINE LP a Hold rating, with a composite score of 55.2/100 and 3 out of 5 stars. Ranked #1250 of 7,333 stocks, PAA presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 45/100, PAA shows adequate but unremarkable business quality. The company reports a return on equity of 12.7% (sector avg: 11.9%), gross margins of 9.2% (sector avg: 52.6%), net margins of 3.5% (sector avg: 7.7%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
PAA's value score of 69/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 8.91x, an EV/EBITDA of 9.19x, a P/B ratio of 1.13x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
PLAINS ALL AMERICAN PIPELINE LP's investment score of 33/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -10.5% vs. a sector average of 4.2% and a return on assets of 5.9% (sector: 3.2%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
PAA is currently showing below-average momentum at 48/100, which may indicate weakening institutional interest or negative sentiment shifts. Revenue growth stands at -10.5% year-over-year, while a beta of 0.67 reflects its sensitivity to broader market moves. Investors should note that declining momentum can precede further price weakness, though contrarian opportunities sometimes emerge at these levels.
PAA shows good financial stability with a score of 71/100. Key stability metrics include a beta of 0.67 and a debt-to-equity ratio of 116.00x (sector avg: 1.3x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
PAA carries a short interest score of 73/100, indicating moderate short selling activity. This is a neutral reading — not enough to signal systemic bearishness, but worth monitoring. Specific risk factors include elevated leverage (D/E: 116.00x). At $11.7B market cap (large-cap), PLAINS ALL AMERICAN PIPELINE LP offers reasonable institutional liquidity.
PLAINS ALL AMERICAN PIPELINE LP offers an attractive dividend yield of 8.7%, placing it among the higher-yielding stocks in its peer group. This compares to a sector average dividend yield of 1.4%. A yield this high can provide meaningful income, but investors should verify the payout is sustainable by examining the payout ratio, free cash flow coverage, and any history of dividend cuts.
PLAINS ALL AMERICAN PIPELINE LP is a large-cap company in the Transportation, Communications, Electric, Gas, And Sanitary Services sector, ranked #0 of 50 in its sector (100th percentile) and #1250 of 7,333 overall (83rd percentile). Key comparisons include ROE of 12.7% exceeding the 11.9% sector median and operating margins of 3.4% below the 14.8% sector average. This top-quartile standing reflects exceptional competitive strength relative to Transportation, Communications, Electric, Gas, And Sanitary Services peers.
While PAA currently exhibits a HOLD profile, superior opportunities exist within the TRANSPORTATION, COMMUNICATIONS, ELECTRIC, GAS, AND SANITARY SERVICES sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Transportation, Communications, Electric, Gas, And Sanitary Services Alpha →Quant Factor Profile
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Investment (33) is the limiting factor — improvement here would lift the composite score most.
EV/EBITDA 50% ABOVE SECTOR MEDIAN
ROE 7% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 83% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Plains All American Pipeline is acquiring a 55% stake in EPIC Crude Holdings for $1.6 billion, expanding its oil infrastructure portfolio and potentially boosting its high-yield dividend distribution.
Plains All American Pipeline, L.P. (NASDAQ:PAA) is one of the Cheap NASDAQ Stocks To Buy in 2026. On February 6, Plains All American Pipeline, L.P. (NASDAQ:PAA) released its fiscal Q4 2025 earnings. The company missed Wall Street estimates; however, the stock has gained more than 7% since the release. The company posted a revenue of […]
Diamondback Energy sold its Environmental Disposal Systems unit to Deep Blue Midland Basin for $750 million and its EPIC Crude stake to Plains All American Pipeline for $500 million, expanding water infrastructure and generating significant cash.