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PBA (Pembina Pipeline) Cyclically Adjusted PB Ratio : 2.11 (As of May. 28, 2025)


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What is Pembina Pipeline Cyclically Adjusted PB Ratio?

As of today (2025-05-28), Pembina Pipeline's current share price is $37.59. Pembina Pipeline's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $17.79. Pembina Pipeline's Cyclically Adjusted PB Ratio for today is 2.11.

The historical rank and industry rank for Pembina Pipeline's Cyclically Adjusted PB Ratio or its related term are showing as below:

PBA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.39   Med: 2.31   Max: 4.2
Current: 2.04

During the past years, Pembina Pipeline's highest Cyclically Adjusted PB Ratio was 4.20. The lowest was 1.39. And the median was 2.31.

PBA's Cyclically Adjusted PB Ratio is ranked worse than
77.99% of 777 companies
in the Oil & Gas industry
Industry Median: 0.9 vs PBA: 2.04

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Pembina Pipeline's adjusted book value per share data for the three months ended in Mar. 2025 was $18.474. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $17.79 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pembina Pipeline Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pembina Pipeline's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pembina Pipeline Cyclically Adjusted PB Ratio Chart

Pembina Pipeline Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.85 2.02 1.89 2.12

Pembina Pipeline Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.96 2.04 2.24 2.12 2.25

Competitive Comparison of Pembina Pipeline's Cyclically Adjusted PB Ratio

For the Oil & Gas Midstream subindustry, Pembina Pipeline's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pembina Pipeline's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pembina Pipeline's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pembina Pipeline's Cyclically Adjusted PB Ratio falls into.


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Pembina Pipeline Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Pembina Pipeline's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.59/17.79
=2.11

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pembina Pipeline's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Pembina Pipeline's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=18.474/129.1809*129.1809
=18.474

Current CPI (Mar. 2025) = 129.1809.

Pembina Pipeline Quarterly Data

Book Value per Share CPI Adj_Book
201506 12.972 100.500 16.674
201509 12.214 100.421 15.712
201512 12.351 99.947 15.964
201603 13.528 101.054 17.293
201606 13.309 102.002 16.855
201609 13.064 101.765 16.584
201612 12.820 101.449 16.325
201703 12.922 102.634 16.264
201706 12.944 103.029 16.230
201709 13.790 103.345 17.238
201712 17.677 103.345 22.096
201803 17.690 105.004 21.763
201806 17.471 105.557 21.381
201809 17.561 105.636 21.475
201812 17.618 105.399 21.593
201903 17.508 106.979 21.141
201906 18.007 107.690 21.600
201909 18.190 107.611 21.836
201912 19.203 107.769 23.018
202003 18.567 107.927 22.223
202006 18.680 108.401 22.261
202009 18.909 108.164 22.583
202012 17.048 108.559 20.286
202103 17.214 110.298 20.161
202106 17.445 111.720 20.172
202109 17.301 112.905 19.795
202112 16.743 113.774 19.010
202203 17.074 117.646 18.748
202206 17.192 120.806 18.384
202209 18.720 120.648 20.044
202212 18.086 120.964 19.315
202303 17.914 122.702 18.860
202306 18.277 124.203 19.009
202309 17.992 125.230 18.560
202312 18.470 125.072 19.077
202403 18.467 126.258 18.895
202406 18.914 127.522 19.160
202409 18.877 127.285 19.158
202412 18.539 127.364 18.804
202503 18.474 129.181 18.474

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Pembina Pipeline  (NYSE:PBA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Pembina Pipeline Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Pembina Pipeline's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Pembina Pipeline Business Description

Industry
Address
585 - 8th Avenue S.W., Suite 4000, Calgary, AB, CAN, T2P 1G1
Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.