Which has the lower trailing P/E, ENPH or PAGP?

PAGP has the lower trailing P/E: ENPH trades at 33.92 and PAGP at 9.37. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ENPH or PAGP?

Over the past five years, PAGP grew revenue faster — ENPH at a 4.60% CAGR versus PAGP at 11.68%.

Does ENPH or PAGP pay a bigger dividend?

PAGP pays a dividend (6.21% yield), while ENPH has no payments in the available dividend history.

Is ENPH or PAGP more profitable?

ENPH runs the higher net margin — ENPH at 10.09% versus PAGP at 1.06%.

How have ENPH and PAGP total returns compared?

Over the past 10 years, ENPH delivered 39.61% and PAGP delivered 4.03% annualized total return. Past performance doesn't predict future results.

Enphase Energy, Inc. (ENPH) vs Plains GP Holdings LP (PAGP)

A side-by-side comparison of Enphase Energy, Inc. and Plains GP Holdings LP across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

ENPH

Enphase Energy, Inc.

$4.48B

$33.92EnergyDelayed quote: Oct 6, 2026, 1:55 PM EDT

PAGP

Plains GP Holdings LP

$5.19B

$26.24EnergyDelayed quote: Oct 6, 2026, 1:50 PM EDT

Total return — ENPH vs PAGP

growth of $100 · dividends reinvested · last 10y

ENPH +2710.9% (+39.6%/yr)PAGP +48.4% (+4.0%/yr)ENPH compounded faster over this window

Log scale — wide-divergence pair

ENPH PAGP

ENPH vs PAGP: by the numbers

•PAGP is the larger company ($5.19B vs $4.48B market cap).
•PAGP trades at the lower trailing earnings multiple (9.37 vs 33.92 P/E), one valuation lens rather than an overall verdict.
•ENPH converts more revenue to profit (10.09% vs 1.06% net margin).
•PAGP grew revenue faster over the past five years (11.68% vs 4.60% CAGR).
•PAGP pays a dividend (6.21% yield), while ENPH has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	ENPH	PAGP
P/E ratio	33.92	9.37
Forward P/E	17.05	10.84
PEG ratio	5.37	N/A
P/S ratio	3.37	0.10
P/B ratio	3.79	3.29
EV / EBITDA	24.09	5.05
FCF yield	3.41%	N/A

Profitability

Metric	ENPH	PAGP
Gross margin	46.95%	5.09%
Operating margin	8.27%	3.03%
Net margin	10.09%	1.06%
ROE	11.34%	35.06%
ROIC	3.82%	5.35%

Dividends

Metric	ENPH	PAGP
Dividend yield	N/A	6.21%
Payout ratio	N/A	58.30%

Growth (annualized)

Metric	ENPH	PAGP
Revenue CAGR (5Y)	4.60%	11.68%
EPS CAGR (5Y)	4.13%	N/A
FCF CAGR (5Y)	-9.69%	N/A
Total return CAGR (5Y)	-25.67%	28.20%

Frequently asked

Which has the lower trailing P/E, ENPH or PAGP?: PAGP has the lower trailing P/E: ENPH trades at 33.92 and PAGP at 9.37. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ENPH or PAGP?: Over the past five years, PAGP grew revenue faster — ENPH at a 4.60% CAGR versus PAGP at 11.68%.
Does ENPH or PAGP pay a bigger dividend?: PAGP pays a dividend (6.21% yield), while ENPH has no payments in the available dividend history.
Is ENPH or PAGP more profitable?: ENPH runs the higher net margin — ENPH at 10.09% versus PAGP at 1.06%.
How have ENPH and PAGP total returns compared?: Over the past 10 years, ENPH delivered 39.61% and PAGP delivered 4.03% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ENPH analysis Full PAGP analysis Interactive comparison tool

Dig into the metrics

Enphase Energy P/E ratio Plains GP Holdings LP P/E ratio Plains GP Holdings LP dividend yield Enphase Energy ROE Plains GP Holdings LP ROE Enphase Energy operating margin Plains GP Holdings LP operating margin Enphase Energy revenue growth Plains GP Holdings LP revenue growth Enphase Energy free cash flow Plains GP Holdings LP free cash flow

Enphase Energy & Plains GP Holdings LP appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.