Pembina PipelineTSX:PPL -1.01%74 EV-to-FCF is 26.83 as of Jul. 01, 2026, which is 36% above its 10-year median of 19.79. GuruFocus rates TSX:PPL with a GF Score™ of 74/100 and a GF Value™ of C$55.19 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 581 Oil & Gas companies, Pembina Pipeline ranks worse than 71.77% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Pembina Pipeline's Enterprise Value is C$53,624 Mil.
Pembina Pipeline's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$1,999 Mil. Therefore, Pembina Pipeline's EV-to-FCF for today is 26.83.
The historical rank and industry rank for Pembina Pipeline's EV-to-FCF or its related term are showing as below:
TSX:PPL'
s EV-to-FCF Range Over the Past 10 Years
Min: -102.56 Med: 19.79 Max: 144.08
Current: 27.02
During the past 13 years, the highest EV-to-FCF of Pembina Pipeline was 144.08. The lowest was -102.56. And the median was 19.79.
TSX:PPL's EV-to-FCF is ranked worse than 71.77% of 581
companies
in the Oil & Gas industry
Industry Median: 15.4
vs TSX:PPL: 27.02
EV-to-FCF 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-FCF 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 C$65.62.
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 C$2.660.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Pembina Pipeline EV-to-FCF Related Terms
Pembina Pipeline EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Pembina Pipeline's EV-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.
For the Oil & Gas Midstream subindustry, Pembina Pipeline's EV-to-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pembina Pipeline's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Pembina Pipeline's EV-to-FCF falls into.
Pembina Pipeline's current Enterprise Value is C$53,624 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 C$1,999 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 (TSX:PPL) has a EV-to-FCF of 26.83 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Pembina Pipeline and its competitors. This is 36% above median its historical median of 19.79. According to the industry distribution chart, Pembina Pipeline ranks #417 out of 581 companies in the Oil & Gas industry, placing it in the top 71.8%.
Is Pembina Pipeline's EV-to-FCF too high?
Pembina Pipeline's current EV-to-FCF of 26.83 is 36% above median its 10-year median of 19.79. The Oil & Gas industry median EV-to-FCF is 15.40. Pembina Pipeline's value of 26.83 is 74.2% above this industry median. Based on the distribution chart, Pembina Pipeline ranks #417 out of 581 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Pembina Pipeline has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pembina Pipeline's EV-to-FCF compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Pembina Pipeline ranks #417 out of 581 companies for EV-to-FCF. This places Pembina Pipeline in the lower half of its industry. The industry median EV-to-FCF is 15.40. Pembina Pipeline's value of 26.83 is 74.2% above this benchmark. While the company's 10-year median is 19.79 vs. the industry median of 15.40, 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.40, based on 581 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pembina Pipeline's current EV-to-FCF of 26.83 is 74.2% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Pembina Pipeline and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pembina Pipeline's current EV-to-FCF is 26.83, which is 36% above median its own 10-year median of 19.79. 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 (TSX:PPL) is currently considered Modestly Overvalued. The stock's GF Value™ is C$55.19, compared to a current price of C$65.62 — trading 18.9% above its estimated fair value. The current EV-to-FCF is 26.83, which is 36% above median its 10-year median of 19.79 and 74.2% above the Oil & Gas industry median of 15.40. Pembina Pipeline's overall GF Score™ is 74/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Pembina Pipeline (TSX:PPL), the current EV-to-FCF is 26.83 as of Jul. 01, 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 (TSX:PPL) Overvalued in 2026?
Based on GuruFocus' analysis, Pembina Pipeline stock appears to be overvalued.
The current stock price of C$65.62 is trading 18.9% above its estimated GF Value™ of C$55.19.
GuruFocus considers Pembina Pipeline to be Modestly Overvalued.
Key valuation signals for TSX:PPL:
EV-to-FCF: 26.83 (36% above median its 10-year median of 19.79)
GF Value™: C$55.19 vs. price of C$65.62 (18.9% above fair value)
Industry Position: 74.2% above the Oil & Gas median (#417 of 581)
No single metric tells the full story. See the TSX:PPL 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.
74GF Score
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