PBA (Pembina Pipeline) Enterprise Value: $38,306 Mil (As of Jun. 25, 2026) ***


PBA Pembina Pipeline Corp PBA
69 GF Score
Price $47.10
GF Value $38.77
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Pembina Pipeline Enterprise Value?

Pembina Pipeline PBA +1.31% 69 Enterprise Value is $38,306 Mil as of Jun. 25, 2026. GuruFocus rates PBA with a GF Score™ of 69/100 and a GF Value™ of $38.77 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Pembina Pipeline's Enterprise Value is $38,306 Mil. Pembina Pipeline's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $2,046 Mil. Therefore, Pembina Pipeline's EV-to-EBIT ratio for today is 18.73.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Pembina Pipeline's Enterprise Value is $38,306 Mil. Pembina Pipeline's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $2,761 Mil. Therefore, Pembina Pipeline's EV-to-EBITDA ratio for today is 13.87.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Pembina Pipeline's Enterprise Value is $38,306 Mil. Pembina Pipeline's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $5,527 Mil. Therefore, Pembina Pipeline's EV-to-Revenue ratio for today is 6.93.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Pembina Pipeline's Enterprise Value is $38,306 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 ratio for today is 18.85.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Pembina Pipeline's Enterprise Value is $38,306 Mil. Pembina Pipeline's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,452 Mil. Therefore, Pembina Pipeline's EV-to-FCF ratio for today is 26.38.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Pembina Pipeline  (NYSE:PBA) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Pembina Pipeline's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=38306.491/2045.731
=18.73

Pembina Pipeline's current Enterprise Value is $38,306 Mil.
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.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Pembina Pipeline's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=38306.491/2761.183
=13.87

Pembina Pipeline's current Enterprise Value is $38,306 Mil.
Pembina Pipeline's EBITDA 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 $2,761 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Pembina Pipeline's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=38306.491/5527.447
=6.93

Pembina Pipeline's current Enterprise Value is $38,306 Mil.
Pembina Pipeline's Revenue 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 $5,527 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Pembina Pipeline's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=38306.491/2031.814
=18.85

Pembina Pipeline's current Enterprise Value is $38,306 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.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Pembina Pipeline's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=38306.491/1452.365
=26.38

Pembina Pipeline's current Enterprise Value is $38,306 Mil.
Pembina Pipeline's Free Cash Flow 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 $1,452 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 Enterprise Value Related Terms


Pembina Pipeline Enterprise Value Historical Data

* Premium members only.

The historical data trend for Pembina Pipeline's Enterprise Value 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.

Pembina Pipeline Enterprise Value Chart

Pembina Pipeline Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28,005.17 28,582.74 28,752.97 32,237.94 32,940.39

Pembina Pipeline Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 33,809.12 32,854.93 34,417.48 32,940.39 37,294.72

PBA vs WMB, EPD, KMI: Enterprise Value Comparison

For the Oil & Gas Midstream subindustry, Pembina Pipeline's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pembina Pipeline's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Pembina Pipeline's Enterprise Value falls into.


PBA
69GF Score
Pembina Pipeline Corp PBA
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Pembina Pipeline Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Pembina Pipeline's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Pembina Pipeline's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of $38,306 Mil mean?
Pembina Pipeline (PBA) has a Enterprise Value of $38,306 Mil as of Jun. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Pembina Pipeline and its competitors.
Is Pembina Pipeline's Enterprise Value too high?
Pembina Pipeline's current Enterprise Value is $38,306 Mil. Overall, Pembina Pipeline has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pembina Pipeline's Enterprise Value compare to WMB and EPD?
Pembina Pipeline's Enterprise Value of $38,306 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Pembina Pipeline and its competitors. Pembina Pipeline's current Enterprise Value is $38,306 Mil. 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 $38.77, compared to a current price of $47.10 — trading 21.5% above its estimated fair value. The current Enterprise Value is $38,306 Mil. Pembina Pipeline's overall GF Score™ is 69/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Pembina Pipeline (PBA), the current Enterprise Value is $38,306 Mil as of Jun. 25, 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 $47.10 is trading 21.5% above its estimated GF Value™ of $38.77. GuruFocus considers Pembina Pipeline to be Modestly Overvalued.

Key valuation signals for PBA:

  • Enterprise Value: $38,306 Mil
  • GF Value™: $38.77 vs. price of $47.10 (21.5% above fair value)
  • GF Score™: 69/100 with 9 warning signs

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 Business Description

Industry EnergyOil & Gas
Address 585 - 8th Avenue SW, 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. It also has a joint venture through the Cedar LNG export terminal.
69GF Score

Get the complete analysis for PBA

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.10
Price
$38.77
GF Value