PBA (Pembina Pipeline) Shiller PE Ratio: 25.61 (As of Aug. 18, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PBA Pembina Pipeline Corp PBA
65 GF Score
Price $48.66
GF Value $41.20
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Pembina Pipeline Shiller PE Ratio?

Pembina Pipeline PBA -1.36% 65 Shiller PE Ratio is 25.61 as of Aug. 18, 2026, which is 7% below its 10-year median of 27.63. GuruFocus rates PBA with a GF Score™ of 65/100 and a GF Value™ of $41.20 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 439 Oil & Gas companies, Pembina Pipeline ranks worse than 66.74% on this metric.

As of today (2026-08-18), Pembina Pipeline's current share price is $48.66. Pembina Pipeline's E10 for the quarter that ended in Jun. 2026 was $1.90. Pembina Pipeline's Shiller PE Ratio for today is 25.61.

The historical rank and industry rank for Pembina Pipeline's Shiller PE Ratio or its related term are showing as below:

PBA' s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.62   Med: 27.63   Max: 39.92
Current: 24.95

During the past years, Pembina Pipeline's highest Shiller PE Ratio was 39.92. The lowest was 15.62. And the median was 27.63.

PBA's Shiller PE Ratio is ranked worse than
66.74% of 439 companies
in the Oil & Gas industry
Industry Median: 17.69 vs PBA: 24.95

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Pembina Pipeline's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.584. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.90 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pembina Pipeline  (NYSE:PBA) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Pembina Pipeline Shiller PE Ratio Related Terms


Pembina Pipeline Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Pembina Pipeline's Shiller PE Ratio 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 Shiller PE Ratio Chart

Pembina Pipeline Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.93 23.93 21.28 22.59 20.58

Pembina Pipeline Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 20.54 22.49 20.58 23.70 24.29

PBA vs WMB, EPD, KMI: Shiller PE Ratio Comparison

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

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

* The bar in red indicates where Pembina Pipeline's Shiller PE Ratio falls into.


PBA
65GF Score
Pembina Pipeline Corp PBA
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pembina Pipeline Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Pembina Pipeline's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=48.66/1.90
=25.61

* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Pembina Pipeline's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.584/133.5265*133.5265
=0.584

Current CPI (Jun. 2026) = 133.5265.

Pembina Pipeline Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.191 101.765 0.251
201612 0.210 101.449 0.276
201703 0.359 102.634 0.467
201706 0.181 103.029 0.235
201709 0.187 103.345 0.242
201712 0.713 103.345 0.921
201803 0.456 105.004 0.580
201806 0.320 105.557 0.405
201809 0.460 105.636 0.581
201812 0.491 105.399 0.622
201903 0.411 106.979 0.513
201906 0.926 107.690 1.148
201909 0.498 107.611 0.618
201912 0.159 107.769 0.197
202003 0.365 107.927 0.452
202006 0.295 108.401 0.363
202009 0.393 108.164 0.485
202012 -1.780 108.559 -2.189
202103 0.406 110.298 0.492
202106 0.319 111.720 0.381
202109 0.797 112.905 0.943
202112 0.063 113.774 0.074
202203 0.640 117.646 0.726
202206 0.539 120.806 0.596
202209 2.421 120.648 2.679
202212 0.287 120.964 0.317
202303 0.446 122.702 0.485
202306 0.452 124.203 0.486
202309 0.421 125.230 0.449
202312 0.902 125.072 0.963
202403 0.539 126.258 0.570
202406 0.547 127.522 0.573
202409 0.443 127.285 0.465
202412 0.646 127.364 0.677
202503 0.557 129.181 0.576
202506 0.476 129.892 0.489
202509 0.311 130.287 0.319
202512 0.565 130.366 0.579
202603 0.583 132.262 0.589
202606 0.584 133.527 0.584

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 25.61 mean?
Pembina Pipeline (PBA) has a Shiller PE Ratio of 25.61 as of Aug. 18, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Pembina Pipeline and its competitors. This is near median its historical median of 27.63. Over the past decade, Pembina Pipeline's Shiller PE Ratio has ranged from 15.62 to 39.92. According to the industry distribution chart, Pembina Pipeline ranks #293 out of 439 companies in the Oil & Gas industry, placing it in the top 66.7%.
Is Pembina Pipeline's Shiller PE Ratio too high?
Pembina Pipeline's current Shiller PE Ratio of 25.61 is near median its 10-year median of 27.63. Over the past 10 years, this metric has ranged from a low of 15.62 to a high of 39.92. The Oil & Gas industry median Shiller PE Ratio is 17.69. Pembina Pipeline's value of 25.61 is 44.8% above this industry median. Based on the distribution chart, Pembina Pipeline ranks #293 out of 439 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Pembina Pipeline has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pembina Pipeline's Shiller PE Ratio compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Pembina Pipeline ranks #293 out of 439 companies for Shiller PE Ratio. This places Pembina Pipeline in the lower half of its industry. The industry median Shiller PE Ratio is 17.69. Pembina Pipeline's value of 25.61 is 44.8% above this benchmark. Historically, Pembina Pipeline's own Shiller PE Ratio has ranged from 15.62 to 39.92 over the past decade. While the company's 10-year median is 27.63 vs. the industry median of 17.69, 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 Shiller PE Ratio for an Oil & Gas company?
The median Shiller PE Ratio among Oil & Gas companies is 17.69, based on 439 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pembina Pipeline's current Shiller PE Ratio of 25.61 is 44.8% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Pembina Pipeline and its competitors. For the Oil & Gas industry, the median Shiller PE Ratio is 17.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pembina Pipeline's current Shiller PE Ratio is 25.61, which is near median its own 10-year median of 27.63. 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 $41.20, compared to a current price of $48.66 — trading 18.1% above its estimated fair value. The current Shiller PE Ratio is 25.61, which is near median its 10-year median of 27.63 and 44.8% above the Oil & Gas industry median of 17.69. Pembina Pipeline's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Pembina Pipeline (PBA), the current Shiller PE Ratio is 25.61 as of Aug. 18, 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 $48.66 is trading 18.1% above its estimated GF Value™ of $41.20. GuruFocus considers Pembina Pipeline to be Modestly Overvalued.

Key valuation signals for PBA:

  • Shiller PE Ratio: 25.61 (near median its 10-year median of 27.63)
  • GF Value™: $41.20 vs. price of $48.66 (18.1% above fair value)
  • GF Score™: 65/100 with 9 warning signs
  • Industry Position: 44.8% above the Oil & Gas median (#293 of 439)

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.
65GF Score

Get the complete analysis for PBA

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

$48.66
Price
$41.20
GF Value