3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Pembina Pipeline's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -7.71%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Pembina Pipeline's 3-Year ROIIC % or its related term are showing as below:
PBA's 3-Year ROIIC % is ranked worse than 60.56% of 928
companies
in the Oil & Gas industry
Industry Median: -0.195
vs PBA: -7.71
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Pembina Pipeline 3-Year ROIIC % Related Terms
Pembina Pipeline 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Pembina Pipeline's 3-Year ROIIC % 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pembina Pipeline's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Pembina Pipeline's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Pembina Pipeline (PBA) has a 3-Year ROIIC % of -7.71 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Pembina Pipeline and its competitors. According to the industry distribution chart, Pembina Pipeline ranks #562 out of 928 companies in the Oil & Gas industry, placing it in the top 60.6%.
Is Pembina Pipeline's 3-Year ROIIC % too high?
Pembina Pipeline's current 3-Year ROIIC % is -7.71. Based on the distribution chart, Pembina Pipeline ranks #562 out of 928 companies in the Oil & Gas industry, which is below the industry midpoint. 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 3-Year ROIIC % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Pembina Pipeline ranks #562 out of 928 companies for 3-Year ROIIC %. This places Pembina Pipeline in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Oil & Gas company?
A good 3-Year ROIIC % depends on the Oil & Gas industry context. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Pembina Pipeline and its competitors. Pembina Pipeline's current 3-Year ROIIC % is -7.71. 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 $38.88, compared to a current price of $46.25 — trading 19% above its estimated fair value. The current 3-Year ROIIC % is -7.71. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Pembina Pipeline (PBA), the current 3-Year ROIIC % is -7.71 as of Dec. 2025. 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 $46.25 is trading 19% above its estimated GF Value™ of $38.88.
GuruFocus considers Pembina Pipeline to be Modestly Overvalued.
Key valuation signals for PBA:
3-Year ROIIC %: -7.71
GF Value™: $38.88 vs. price of $46.25 (19% above fair value)
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
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