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Pembina Pipeline (TSX:PPL) Cyclically Adjusted Price-to-FCF : 27.29 (As of Jun. 04, 2025)


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What is Pembina Pipeline Cyclically Adjusted Price-to-FCF?

As of today (2025-06-04), Pembina Pipeline's current share price is C$52.12. Pembina Pipeline's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was C$1.91. Pembina Pipeline's Cyclically Adjusted Price-to-FCF for today is 27.29.

The historical rank and industry rank for Pembina Pipeline's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:PPL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.41   Med: 54.23   Max: 652.88
Current: 27.21

During the past years, Pembina Pipeline's highest Cyclically Adjusted Price-to-FCF was 652.88. The lowest was 26.41. And the median was 54.23.

TSX:PPL's Cyclically Adjusted Price-to-FCF is ranked worse than
75.19% of 403 companies
in the Oil & Gas industry
Industry Median: 12.93 vs TSX:PPL: 27.21

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Pembina Pipeline's adjusted free cash flow per share data for the three months ended in Mar. 2025 was C$1.144. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$1.91 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pembina Pipeline Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pembina Pipeline's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Pembina Pipeline Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 88.87 46.39 32.59

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 Price-to-FCF 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 45.63 41.16 39.67 32.59 30.11

Competitive Comparison of Pembina Pipeline's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Pembina Pipeline's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pembina Pipeline's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Pembina Pipeline's Cyclically Adjusted Price-to-FCF falls into.


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Pembina Pipeline Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Pembina Pipeline's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=52.12/1.91
=27.29

* 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 FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.144/129.1809*129.1809
=1.144

Current CPI (Mar. 2025) = 129.1809.

Pembina Pipeline Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.519 100.500 -0.667
201509 -0.843 100.421 -1.084
201512 -0.449 99.947 -0.580
201603 -0.277 101.054 -0.354
201606 -0.274 102.002 -0.347
201609 -0.738 101.765 -0.937
201612 -0.420 101.449 -0.535
201703 -0.958 102.634 -1.206
201706 -0.280 103.029 -0.351
201709 -0.097 103.345 -0.121
201712 0.400 103.345 0.500
201803 0.343 105.004 0.422
201806 0.685 105.557 0.838
201809 0.373 105.636 0.456
201812 0.621 105.399 0.761
201903 0.483 106.979 0.583
201906 0.442 107.690 0.530
201909 0.222 107.611 0.266
201912 0.577 107.769 0.692
202003 -0.133 107.927 -0.159
202006 0.784 108.401 0.934
202009 0.473 108.164 0.565
202012 1.100 108.559 1.309
202103 0.598 110.298 0.700
202106 0.795 111.720 0.919
202109 1.278 112.905 1.462
202112 0.946 113.774 1.074
202203 0.862 117.646 0.947
202206 0.811 120.806 0.867
202209 1.065 120.648 1.140
202212 1.454 120.964 1.553
202303 0.583 122.702 0.614
202306 0.962 124.203 1.001
202309 0.864 125.230 0.891
202312 1.276 125.072 1.318
202403 0.455 126.258 0.466
202406 1.186 127.522 1.201
202409 1.136 127.285 1.153
202412 1.132 127.364 1.148
202503 1.144 129.181 1.144

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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  (TSX:PPL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Pembina Pipeline Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Pembina Pipeline's Cyclically Adjusted Price-to-FCF 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 operations include transmission pipelines, oil and gas gathering, fractionation, storage, and natural gas liquid exports.
Executives
Andy Mah Director
Henry William Sykes Director
Stuart Taylor Senior Officer
J. Scott Burrows Senior Officer
Jaret Sprott Senior Officer
Janet C. Loduca Senior Officer
Cameron Goldade Senior Officer
Chris Scherman Senior Officer
Anne-marie Ainsworth Director
Maureen Howe Director
Robert Guyer Gwin Director
David Malcolm Balfour Legresley Director
Jennifer Forrest Senior Officer
Carl Ian Balfour Senior Officer
Michael James Koski Senior Officer