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Pembina PipelinePBA +0.65%68 Earnings Yield (Joel Greenblatt) % is 5.44% as of Mar. 2026, which is 2% below its 10-year median of 5.53. GuruFocus rates PBA with a GF Scoreâ„¢ of 68/100 and a GF Valueâ„¢ of $39.75 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,033 Oil & Gas companies, Pembina Pipeline ranks better than 50.63% on this metric.
Pembina Pipeline's Enterprise Value for the quarter that ended in Mar. 2026 was $37,295 Mil.
Pembina Pipeline's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $2,046 Mil. Pembina Pipeline's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 5.44%.
The historical rank and industry rank for Pembina Pipeline's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PBA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.08 Med: 5.53 Max: 10.07
Current: 4.92
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Pembina Pipeline was 10.07%. The lowest was -0.08%. And the median was 5.53%.
PBA's Earnings Yield (Joel Greenblatt) % is ranked better than 50.63% of 1033
companies
in the Oil & Gas industry
Industry Median: 4.83
vs PBA: 4.92
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Pembina Pipeline's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 26.11%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Pembina Pipeline Earnings Yield (Joel Greenblatt) % Related Terms
Pembina Pipeline Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Pembina Pipeline's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pembina Pipeline's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pembina Pipeline's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Pembina Pipelines Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Pembina Pipeline's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,046 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.44% mean?
Pembina Pipeline (PBA) has a Earnings Yield (Joel Greenblatt) % of 5.44% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Pembina Pipeline and its competitors. This is near median its historical median of 5.53. According to the industry distribution chart, Pembina Pipeline ranks #510 out of 1033 companies in the Oil & Gas industry, placing it in the top 49.4%.
Is Pembina Pipeline's Earnings Yield (Joel Greenblatt) % too high?
Pembina Pipeline's current Earnings Yield (Joel Greenblatt) % of 5.44% is near median its 10-year median of 5.53. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 4.83. Pembina Pipeline's value of 5.44% is 12.6% above this industry median. Based on the distribution chart, Pembina Pipeline ranks #510 out of 1033 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Pembina Pipeline has a GF Scoreâ„¢ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pembina Pipeline's Earnings Yield (Joel Greenblatt) % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Pembina Pipeline ranks #510 out of 1033 companies for Earnings Yield (Joel Greenblatt) %. This puts Pembina Pipeline in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.83. Pembina Pipeline's value of 5.44% is 12.6% above this benchmark. While the company's 10-year median is 5.53 vs. the industry median of 4.83, 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 Earnings Yield (Joel Greenblatt) % for an Oil & Gas company?
The median Earnings Yield (Joel Greenblatt) % among Oil & Gas companies is 4.83, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pembina Pipeline's current Earnings Yield (Joel Greenblatt) % of 5.44% is 12.6% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Pembina Pipeline and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pembina Pipeline's current Earnings Yield (Joel Greenblatt) % is 5.44%, which is near median its own 10-year median of 5.53. 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 $39.75, compared to a current price of $51.29 — trading 29% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.44%, which is near median its 10-year median of 5.53 and 12.6% above the Oil & Gas industry median of 4.83. Pembina Pipeline's overall GF Score™ is 68/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Pembina Pipeline (PBA), the current Earnings Yield (Joel Greenblatt) % is 5.44% 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 $51.29 is trading 29% above its estimated GF Value™ of $39.75.
GuruFocus considers Pembina Pipeline to be Modestly Overvalued.
Key valuation signals for PBA:
Earnings Yield (Joel Greenblatt) %: 5.44% (near median its 10-year median of 5.53)
GF Value™: $39.75 vs. price of $51.29 (29% above fair value)
Industry Position: 12.6% above the Oil & Gas median (#510 of 1033)
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.
68GF Score
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