Pembina Pipeline Corporation (PBA) Valuation — DCF, Graham & Comparables

Pembina Pipeline Corporation (PBA) — Price $50.06 (closing price, October 28, 2026) — Energy — Oil & Gas Midstream — NYSE

Latest reported results:

Valuation dashboard for Pembina Pipeline Corporation (PBA) with P/E 25.07, P/B 2.42, EV/EBITDA 14.55 and dividend yield 4.06%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.

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.

Analysis Summary

Pembina Pipeline Corporation reported revenue of 7.78B CAD in the most recent fiscal year, growing at a 5-year CAGR of 5.5%.

Trailing-twelve-month margins: gross margin 37.4%, operating margin 30.8%, net margin 22.6%.

At $50.06 (closing price, October 28, 2026), PBA trades at a P/E of 25.07 and an ROE of 10.54%. Market capitalisation stands at $29.1B, placing it among large-cap names.

Balance sheet quality for PBA: current ratio of 0.6. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio25.07
Price / Book2.42
EV / EBITDA14.55
Dividend Yield4.06%

Valuation Models

DCF Fair Value$39.59
vs Current Price-20.9%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
PBAPembina Pipeline Corporation$29.1B25.072.4210.5%
PAAPlains All American Pipeline, L.P.$18.8B7.371.6827.5%
EPDEnterprise Products Partners L.P.$82.2B13.222.7521.2%
TRGPTarga Resources Corp.$65.6B29.1318.1172.1%
TCPATransCanada PipeLines Limited 6$20.0B5.910.7614.1%
ENB.TOEnbridge Inc.$151.3B22.732.2810.0%
TRP.TOTC Energy Corporation$92.0B26.523.3213.1%
KEY.TOKeyera Corp.$8.9B38.632.7010.8%

Price

Price$50.06 (closing price, October 28, 2026)
Market Cap$29.1B
ExchangeNYSE
CountryCA

Profitability

Return on Equity10.54%
Return on Invested Capital5.34%
Return on Assets4.93%
Gross Margin37.41%
Operating Margin30.80%
Net Margin22.64%

Related companies: PAA · EPD · TRGP · TCPA · ENB.TO · TRP.TO · KEY.TO · SOBO.TO

Explore sector: Energy · Oil & Gas Midstream

More sections of PBA: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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