Pembina Pipeline Corporation (PBA) is a publicly traded company in the Energy — Oil & Gas Midstream industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Pembina Pipeline Corporation delivers vital transportation and midstream infrastructure solutions to the energy industry. Its business is organized into three principal divisions. The Pipelines segment oversees a vast network of conventional, oil sands, heavy oil, and transmission pipelines, capable of moving 3.1 million barrels of oil equivalent daily.
Is Pembina Pipeline Corporation stock overvalued or undervalued in 2026?
Pembina Pipeline Corporation (PBA) trades at 25.1× earnings (P/E), above the median of the 140 energy companies over $2bn in Kaplio's universe. At the decade median (19.5×) $39 (-22 %); at its sector median (17.3×) $34 (-31 %).
Kaplio overview: Pembina Pipeline Corporation
Market cap $29B · 52 weeks $37 – $51 (3 % below the high) · P/E 25.1× · 2027 expected P/E 21.9× · Dividend 4.1 % · Next earnings November 5, 2026 · expected EPS $0.48 · Closing price, Oct 28 · accounts published Jul 30.
- Valuation: P/E 25.1× (expensive).
- Business: 5-year ROIC 7.3 % (weak).
- Balance sheet: Net debt/EBITDA 3.5× (fragile).
- Earnings: 3 of 8 (disappointing).
What would it be worth at its usual multiples?
At the decade median (19.5×) $39 (-22 %); at its sector median (17.3×) $34 (-31 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in energy: 4 of 7 pass
- FCF yield 6.8 %, fails.
- 5y avg ROIC 7.3 %, fails.
- Net debt / EBITDA 3.5×, fails.
- Positive FCF through the cycle 8 de 10 ejercicios, passes, near the threshold.
- Dividend coverage (FCF / div) 1.4×, passes.
- Capex / Revenue 10.1 %, passes.
- EV/EBITDA vs own 10y 14.6×, passes.
- P/E read in reverse (cyclicals) 25.1×, info.
Against its peers (reference peers) — Pembina Pipeline Corporation: P/E 25.1×; EV/EBITDA 14.6×; ROIC 5.3 %; $29.1B. TransCanada PipeLines Limited 6 (P/E 5.9×; EV/EBITDA 8.1×; ROIC 5.0 %; $20.0B), Plains All American Pipeline, L.P. (P/E 7.4×; EV/EBITDA 8.5×; ROIC 6.0 %; $18.8B), Targa Resources Corp. (P/E 29.1×; EV/EBITDA 17.8×; ROIC 14.1 %; $65.6B).
Expensive or cheap against its last ten years?
P/E at each close: today 25.1× · median 19.5× · minimum 8.1× · maximum 43.0× · cheap below 16.6× · expensive above 24.5×. It has been cheaper than today 84% of the time over its last ten years.
Dividend
fragile · Yield 4.1 % ($2.17 per ADS in 2025) · Years raising it 2 · 5-year growth +2 % a year · Free cash flow coverage 1.4× · With $1,000 invested today you'd collect $40.60 a year ($3.38 a month).
Investor methods verdict
Would Buffett approve Pembina Pipeline today?
The Buffett Method would not approve Pembina Pipeline today: it fails its quality rules. Business quality: 49 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 10.54% |
| Return on Invested Capital | 5.34% |
| Return on Assets | 4.93% |
| Gross Margin | 37.41% |
| Operating Margin | 30.80% |
| Net Margin | 22.64% |
Financial Health
| Debt / Equity | 0.81 |
| Current Ratio | 0.62 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 1.33 |
Price Performance
| 1 month | +12.17% |
| 3 months | +2.08% |
| Year-to-date | +31.24% |
| 1 year | +33.02% |
| 3 years | +63.18% |
| 5 years | +50.95% |
| 10 years | +62.39% |
Dividend History
Paid in the last 12 months: $2.0880 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-15 | $0.5281 |
| 2026-06-15 | $0.5256 |
| 2026-03-16 | $0.5188 |
| 2025-12-15 | $0.5155 |
| 2025-09-15 | $0.5145 |
| 2025-06-16 | $0.5237 |
| 2025-03-17 | $0.4825 |
| 2024-12-16 | $0.4842 |
| 2024-09-16 | $0.5076 |
| 2024-06-17 | $0.5027 |
Amounts adjusted for stock splits.
Related companies: PAA · EPD · TRGP · TCPA · ENB.TO · TRP.TO · KEY.TO · SOBO.TO
Explore sector: Energy · Oil & Gas Midstream
More sections of PBA: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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