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Pembina PipelinePBA -0.55%68 EV-to-OCF is 19.66 as of Jul. 22, 2026, which is 32% above its 10-year median of 14.91. GuruFocus rates PBA with a GF Score™ of 68/100 and a GF Value™ of $39.73 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,016 Oil & Gas companies, Pembina Pipeline ranks worse than 88.98% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Pembina Pipeline's Enterprise Value is $39,940 Mil.
Pembina Pipeline's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $2,032 Mil. Therefore, Pembina Pipeline's EV-to-OCF for today is 19.66.
The historical rank and industry rank for Pembina Pipeline's EV-to-OCF or its related term are showing as below:
PBA'
s EV-to-OCF Range Over the Past 10 Years
Min: 10.2 Med: 14.91 Max: 22.1
Current: 19.66
During the past 13 years, the highest EV-to-OCF of Pembina Pipeline was 22.10. The lowest was 10.20. And the median was 14.91.
PBA's EV-to-OCF is ranked worse than 88.98% of 1016
companies
in the Oil & Gas industry
Industry Median: 5.86
vs PBA: 19.66
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Pembina Pipeline's PE Ratio (TTM) for today is calculated as:
Pembina Pipeline's share price for today is $50.43.
Pembina Pipeline's Earnings per Share (Diluted) 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 $1.935.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Pembina Pipeline EV-to-OCF Related Terms
Pembina Pipeline EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Pembina Pipeline's EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pembina Pipeline's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Pembina Pipeline's EV-to-OCF falls into.
Pembina Pipeline's current Enterprise Value is $39,940 Mil.
Pembina Pipeline's Cash Flow from Operations 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 $2,032 Mil.
* 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 EV-to-OCF of 19.66 as of Jul. 22, 2026. This is 32% above median its historical median of 14.91. Over the past decade, Pembina Pipeline's EV-to-OCF has ranged from 10.20 to 22.10. According to the industry distribution chart, Pembina Pipeline ranks #904 out of 1016 companies in the Oil & Gas industry, placing it in the top 89%.
Is Pembina Pipeline's EV-to-OCF too high?
Pembina Pipeline's current EV-to-OCF of 19.66 is 32% above median its 10-year median of 14.91. Over the past 10 years, this metric has ranged from a low of 10.20 to a high of 22.10. The Oil & Gas industry median EV-to-OCF is 5.86. Pembina Pipeline's value of 19.66 is 235.5% above this industry median. Based on the distribution chart, Pembina Pipeline ranks #904 out of 1016 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Pembina Pipeline has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pembina Pipeline's EV-to-OCF compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Pembina Pipeline ranks #904 out of 1016 companies for EV-to-OCF. This places Pembina Pipeline in the lower half of its industry. The industry median EV-to-OCF is 5.86. Pembina Pipeline's value of 19.66 is 235.5% above this benchmark. Historically, Pembina Pipeline's own EV-to-OCF has ranged from 10.20 to 22.10 over the past decade. While the company's 10-year median is 14.91 vs. the industry median of 5.86, 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 EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.86, based on 1,016 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pembina Pipeline's current EV-to-OCF of 19.66 is 235.5% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pembina Pipeline's current EV-to-OCF is 19.66, which is 32% above median its own 10-year median of 14.91. 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 $39.73, compared to a current price of $50.43 — trading 26.9% above its estimated fair value. The current EV-to-OCF is 19.66, which is 32% above median its 10-year median of 14.91 and 235.5% above the Oil & Gas industry median of 5.86. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Pembina Pipeline (PBA), the current EV-to-OCF is 19.66 as of Jul. 22, 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 $50.43 is trading 26.9% above its estimated GF Value™ of $39.73.
GuruFocus considers Pembina Pipeline to be Modestly Overvalued.
Key valuation signals for PBA:
EV-to-OCF: 19.66 (32% above median its 10-year median of 14.91)
GF Value™: $39.73 vs. price of $50.43 (26.9% above fair value)
Industry Position: 235.5% above the Oil & Gas median (#904 of 1016)
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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