Plains All American Pipeline, L.P. (PAA) fair value analysis

Nasdaq · Updated 2026-09-07

Plains All American Pipeline, L.P. is a midstream energy infrastructure company that operates pipelines, terminals, and other facilities for the transportation and storage of crude oil, natural gas liquids, and refined products. The company operates an extensive network of assets across the United States and Canada.

Forward Fair Value verdict

Overvalued

Based on TickrTrends' weekly Forward Fair Value model, PAA is trading at more than a 25% premium to estimated fair value.

PAA currently ranks #20 of 25 Energy stocks by discount to Forward Fair Value. It has screened as Overvalued for 3 consecutive weekly runs.

Last price: $24.20
Sector: Energy
12-month range: $15.40–$24.20

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: F
Leverage: Moderate
Margin trend: Contracting
Revenue growth: Declining
RSI zone: Neutral
50/200-day trend: Uptrend
52-week position: The top quarter of its range
DCF cross-check: Undervalued

What our data shows for PAA

Our model validated 17 trailing price-to-earnings windows for PAA, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $15.40–$24.20.
The 14-day relative strength index sits at a neutral 69.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for PAA
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent PAA news

TickrTrends' derived news-sentiment signal for PAA is currently leaning positive, computed from recent coverage.

Ultra-High Yielding Plains All American Pipeline Stock Up 38% in 2026 (incomeinvestors.com, 2026-09-01)
TickrTrends take: Plains All American Pipeline has gained 38 percent year-to-date in 2026, yet TickrTrends currently assesses the stock as overvalued based on its analytical framework. For investors focused on valuation metrics, the substantial price appreciation warrants close monitoring of whether the stock's fundamentals in the energy sector justify its current market valuation or if the gains have outpaced underlying business performance. The combination of strong stock performance and an overvalued designation suggests the company's yield may be attracting investors despite valuation concerns that merit careful evaluation.
Plains All American Pipeline, L.P. Common Units (PAA) Q2 2026 Earnings Call Transcript (seekingalpha.com, 2026-08-07)
TickrTrends take: Plains All American Pipeline operates in the Energy sector and currently trades at a valuation that TickrTrends identifies as overvalued. For investors focused on valuation metrics, the Q2 2026 earnings call will be important for assessing whether management commentary on cash flows, distributable cash flow per unit, or capital allocation decisions justifies the current pricing or reinforces the overvaluation assessment. Given PAA's structure as a master limited partnership with distribution obligations, particular attention to guidance on distributable earnings and the sustainability of payouts relative to operational performance would be relevant to valuation-focused analysis.
Plains All American Reports Second-Quarter 2026 Results (markets.businessinsider.com, 2026-08-07)
TickrTrends take: Plains All American Pipeline reported its second-quarter 2026 results against a backdrop where TickrTrends currently identifies the company as overvalued within the Energy sector. For investors focused on valuation metrics, the key will be whether the earnings results justify the current market price or reinforce the overvaluation assessment. Valuation-focused readers should examine the company's cash flow generation and capital allocation decisions to determine if operational performance supports a re-rating of the stock.

What people are saying

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TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — # PAA Weekly Indicator Summary TickrTrends' derived indicators for PAA showed a shift this week as the momentum indicator moved from D to none. The energy sector company maintains an overvalued valuation verdict according to current assessments.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is PAA stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), PAA is trading at more than a 25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.

What is PAA's TickrTrends verdict?

PAA's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.

How does PAA compare to other Energy stocks?

PAA ranks #20 of 25 Energy stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is PAA overbought or oversold?

PAA's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Energy fair-value coverage →

Head-to-head comparisons

PAA vs APA · PAA vs CVX · PAA vs DVN · PAA vs FANG · PAA vs GLNG