PAA
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Plains All American Pipeline, L.P. (PAA) closed at $25.37 as of 2026-09-18, trading 66.2% above its 200-week moving average of $15.27. The stock is currently moving closer to the line, down from 71.8% last week. The 14-week RSI sits at 66, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.57 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1404 weeks of data, PAA has crossed below its 200-week moving average 7 times. On average, these episodes lasted 57 weeks. Historically, investors who bought PAA at the start of these episodes saw an average one-year return of +17.3%.
With a market cap of $17.9 billion, PAA is a large-cap stock. The company generates a free cash flow yield of 7.8%, which is healthy. Return on equity stands at 10.2%. The stock trades at 2.0x book value.
Over the past 27 years, a hypothetical investment of $100 in PAA would have grown to $1796, compared to $892 for the S&P 500. That represents an annualized return of 11.3% vs 8.4% for the index — confirming PAA as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 5.5% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: PAA vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After PAA Crosses Below the Line?
Across 7 historical episodes, buying PAA when it crossed below its 200-week moving average produced an average return of +16.7% after 12 months (median +36.0%), compared to +4.1% for the S&P 500 over the same periods. 57% of those episodes were profitable after one year. After 24 months, the average return was +42.4% vs +18.6% for the index.
Each line shows $100 invested at the moment PAA crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices PAA would reach each dislocation threshold.
Dislocation Price Levels
Prices where PAA's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-11-04.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $20.88 | Unusually cheap — analysis point |
| Value | +1σ | $22.02 | Cheap vs. own history |
| Fair Value | +0σ | $23.29 | Historical mean behavior |
| Expensive | -1σ | $24.71 | Expensive vs. own history |
| Deep Expensive | -2σ | $26.33 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-08-07 | $0.50 | $0.41 | -17.4% |
| 2026-05-08 | $0.42 | $0.39 | -7.4% |
| 2026-02-06 | $0.45 | $0.40 | -11.7% |
| 2025-11-05 | $0.38 | $0.39 | +3.6% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from PAA's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
PAA has crossed below its 200-week MA 7 times with an average 1-year return of +17.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 1999 | Mar 2000 | 17 | 35.0% | +76.7% | +2741.5% |
| Apr 2000 | Apr 2000 | 2 | 4.4% | +65.2% | +2054.7% |
| Sep 2008 | Apr 2009 | 31 | 37.8% | +23.8% | +332.4% |
| Jun 2015 | Aug 2018 | 164 | 58.2% | -33.4% | +35.9% |
| Sep 2018 | Feb 2019 | 23 | 18.0% | -11.8% | +85.4% |
| Aug 2019 | Aug 2022 | 157 | 75.4% | -59.4% | +102.8% |
| Sep 2022 | Oct 2022 | 4 | 6.4% | +60.3% | +224.7% |
| Average | 57 | — | +17.3% | — |
Frequently Asked Questions
Is PAA below its 200-week moving average?
No. Plains All American Pipeline, L.P. (PAA) is currently 66.2% above its 200-week moving average of $15.27. It would need to fall to $15.27 to cross below the line.
What is PAA's 200-week moving average price?
Plains All American Pipeline, L.P.'s 200-week moving average is $15.27 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when PAA drops below its 200-week moving average?
PAA has crossed below its 200-week moving average 7 times in our data. On average, buying at that moment produced a one-year return of +17.3%. These dips have historically been decent entry points. These episodes lasted 57 weeks on average.
Is PAA a good value right now?
Here's what our data says about PAA as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 66. Free cash flow yield is 7.8%. Return on equity is 10.2%. Price-to-book is 2.0x. This is not a buy or sell recommendation — always do your own research.
How does PAA compare to the S&P 500?
Over the past 27 years, $100 invested in PAA would have grown to $1796, compared to $892 for the S&P 500. That's 11.3% annualized vs 8.4% for the index. PAA has outperformed the broader market over this period.
Does PAA pay a dividend?
Yes. Plains All American Pipeline, L.P. currently pays a dividend yield of 643.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18