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Pembina PipelinePBA +0.76%64 Debt-to-Equity is 0.82 as of Mar. 2026, which is 15% above its 10-year median of 0.71. GuruFocus rates PBA with a GF Score™ of 64/100 and a GF Value™ of $39.36 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 797 Oil & Gas companies, Pembina Pipeline ranks worse than 67.38% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Pembina Pipeline's Debt-to-Equity or its related term are showing as below:
PBA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.71 Max: 0.85
Current: 0.82
During the past 13 years, the highest Debt-to-Equity Ratio of Pembina Pipeline was 0.85. The lowest was 0.44. And the median was 0.71.
PBA's Debt-to-Equity is ranked worse than 67.38% of 797
companies
in the Oil & Gas industry
Industry Median: 0.46
vs PBA: 0.82
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Pembina Pipeline Debt-to-Equity Related Terms
Pembina Pipeline Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Pembina Pipeline's Debt-to-Equity 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.
For the Oil & Gas Midstream subindustry, Pembina Pipeline's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pembina Pipeline's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pembina Pipeline's Debt-to-Equity falls into.
* 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 (PBA) has a Debt-to-Equity of 0.82 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pembina Pipeline and its competitors. This is 15% above median its historical median of 0.71. Over the past decade, Pembina Pipeline's Debt-to-Equity has ranged from 0.44 to 0.85. According to the industry distribution chart, Pembina Pipeline ranks #537 out of 797 companies in the Oil & Gas industry, placing it in the top 67.4%.
Is Pembina Pipeline's Debt-to-Equity too high?
Pembina Pipeline's current Debt-to-Equity of 0.82 is 15% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 0.85. The Oil & Gas industry median Debt-to-Equity is 0.46. Pembina Pipeline's value of 0.82 is 78.3% above this industry median. Based on the distribution chart, Pembina Pipeline ranks #537 out of 797 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Pembina Pipeline has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pembina Pipeline's Debt-to-Equity compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Pembina Pipeline ranks #537 out of 797 companies for Debt-to-Equity. This places Pembina Pipeline in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Pembina Pipeline's value of 0.82 is 78.3% above this benchmark. Historically, Pembina Pipeline's own Debt-to-Equity has ranged from 0.44 to 0.85 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.46, Pembina Pipeline has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 797 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pembina Pipeline's current Debt-to-Equity of 0.82 is 78.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pembina Pipeline and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pembina Pipeline's current Debt-to-Equity is 0.82, which is 15% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pembina Pipeline stock overvalued right now?
Based on GuruFocus' analysis, Pembina Pipeline (PBA) is currently considered Modestly Overvalued. The stock's GF Value™ is $39.36, compared to a current price of $50.37 — trading 28% above its estimated fair value. The current Debt-to-Equity is 0.82, which is 15% above median its 10-year median of 0.71 and 78.3% above the Oil & Gas industry median of 0.46. Pembina Pipeline's overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Pembina Pipeline (PBA), the current Debt-to-Equity is 0.82 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Pembina Pipeline (PBA) Overvalued in 2026?
Based on GuruFocus' analysis, Pembina Pipeline stock appears to be overvalued.
The current stock price of $50.37 is trading 28% above its estimated GF Value™ of $39.36.
GuruFocus considers Pembina Pipeline to be Modestly Overvalued.
Key valuation signals for PBA:
Debt-to-Equity: 0.82 (15% above median its 10-year median of 0.71)
GF Value™: $39.36 vs. price of $50.37 (28% above fair value)
Industry Position: 78.3% above the Oil & Gas median (#537 of 797)
No single metric tells the full story. See the PBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. It also has a joint venture through the Cedar LNG export terminal.
64GF Score
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