The valuation snapshot points to EXE as the cheaper stock on all three available multiples. But that alone doesn’t show which energy stock is the better investment.
Expand Energy Corporation (EXE) and Plains All American Pipeline LP (PAA) are both in the Energy sector and industry group. At the latest adjusted closes on November 9, 2026, EXE traded at US$85.96, with a market cap of US$19.9 billion. PAA traded at US$23.60, with a market cap of US$16.9 billion. EXE has lower P/E, PEG, and P/B ratios. That’s a relative comparison, not proof that EXE is undervalued or will deliver better returns. Compare the company snapshots for EXE and PAA.
Investor takeaway: EXE has lower P/E, PEG, and P/B ratios in this snapshot. Its ROE TTM is 14.6% and its dividend yield is 2.72%. PAA’s ROE TTM is 10.2%, and its dividend yield is 0.00%. Both have a Buy analyst consensus label in our table, but neither those labels nor the supplied target prices predict future returns. Valuation multiples can reflect differences in each company’s business and outlook. Treat this screen as a starting point for further research, not a verdict.
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Expand Energy Corporation
EXE.US
Energy
$85.96
$19.85B
1D
+1.61%
1W
-3.91%
Plains All American Pipeline LP
PAA.US
Energy
$23.60
$16.88B
1D
-1.34%
1W
-8.06%
EXE is lower on all three supplied valuation multiples
EXE’s P/E is 7.4, compared with 39.9 for PAA. Its PEG is 0.75 versus 2.35, and its P/B is 1.02 versus 2.13. EXE is cheaper on all three measures in this snapshot. But multiples alone don’t show that it’s undervalued or predict which stock will perform better.
Bull case
EXE’s P/E of 7.4, PEG of 0.75, and P/B of 1.02 are all below PAA’s. The snapshot also shows EXE with a 14.6% ROE TTM and a 2.72% dividend yield. These figures may be worth a closer look, but they don’t explain the valuation gap or guarantee it will close.
Bear case
A low multiple doesn’t prove a stock is mispriced. The snapshot doesn’t include the operating outlook or other details needed to understand what EXE’s valuation reflects. It also doesn’t show whether the company’s earnings or dividend are sustainable.
How the valuation multiples compare
All three supplied multiples make EXE look cheaper than PAA. EXE’s P/E is 7.4, compared with 39.9 for PAA. Its PEG is 0.75 versus 2.35, and its P/B is 1.02 versus 2.13. EXE has the lower figure on every measure, but that doesn’t prove it’s undervalued. The snapshot doesn’t explain the assumptions or business conditions behind either company’s valuation.
Other snapshot figures to weigh
EXE’s market cap is US$19.9 billion, compared with PAA’s US$16.9 billion. EXE has a 14.6% ROE TTM and a 2.72% dividend yield; PAA’s figures are 10.2% and 0.00%. Both companies have a Buy analyst consensus label in our table. The supplied analyst targets are US$123.33 for EXE and US$26.76 for PAA. These figures describe the snapshot, but they don’t guarantee returns or replace an assessment of each business.
A valuation screen, not a conclusion
In this comparison, EXE looks cheaper on P/E, PEG, and P/B. But the snapshot doesn’t provide enough information to judge which stock offers better value or explain the companies’ prospects, risks, and different multiples. Use the comparison as a prompt to research those factors before drawing a conclusion.
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