Pembina PipelinePBA +1.31%69 Pretax Margin % is 29.96% as of Mar. 2026, which is 27% above its 10-year median of 23.50. 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. Among 916 Oil & Gas companies, Pembina Pipeline ranks better than 84.39% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Pembina Pipeline Pretax Margin % Related Terms
Pembina Pipeline Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Pembina Pipeline's Pretax Margin % 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 Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pembina Pipeline's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Pembina Pipeline's Pretax Margin % 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 Pretax Margin % of 29.96% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pembina Pipeline and its competitors. This is 27% above median its historical median of 23.50. According to the industry distribution chart, Pembina Pipeline ranks #143 out of 916 companies in the Oil & Gas industry, placing it in the top 15.6%.
Is Pembina Pipeline's Pretax Margin % too high?
Pembina Pipeline's current Pretax Margin % of 29.96% is 27% above median its 10-year median of 23.50. The Oil & Gas industry median Pretax Margin % is 5.17. Pembina Pipeline's value of 29.96% is 480.1% above this industry median. Based on the distribution chart, Pembina Pipeline ranks #143 out of 916 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 Pretax Margin % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Pembina Pipeline ranks #143 out of 916 companies for Pretax Margin %. This places Pembina Pipeline in the top 16% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.17. Pembina Pipeline's value of 29.96% is 480.1% above this benchmark. While the company's 10-year median is 23.50 vs. the industry median of 5.17, 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pembina Pipeline's current Pretax Margin % of 29.96% is 480.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pembina Pipeline and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pembina Pipeline's current Pretax Margin % is 29.96%, which is 27% above median its own 10-year median of 23.50. 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 Pretax Margin % is 29.96%, which is 27% above median its 10-year median of 23.50 and 480.1% above the Oil & Gas industry median of 5.17. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Pembina Pipeline (PBA), the current Pretax Margin % is 29.96% 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 $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:
Pretax Margin %: 29.96% (27% above median its 10-year median of 23.50)
GF Value™: $38.77 vs. price of $47.10 (21.5% above fair value)
Industry Position: 480.1% above the Oil & Gas median (#143 of 916)
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.
69GF Score
Get the complete analysis for PBA
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PBA has been successfully added to your 
