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Pembina Pipeline Corp
TSX:PPL

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Pembina Pipeline Corp
TSX:PPL
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Price: 58.03 CAD -2.06% Market Closed
Market Cap: CA$33.7B

EV/EBITDA

12.6
Current
9%
More Expensive
vs 3-y median of 11.5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
12.6
=
Enterprise Value
CA$48.6B
/
EBITDA
CA$3.7B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
12.6
=
Enterprise Value
CA$48.6B
/
EBITDA
CA$3.7B

Valuation Scenarios

Pembina Pipeline Corp is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (11.5), the stock would be worth CA$53.31 (8% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-51%
Maximum Upside
No Upside Scenarios
Average Downside
22%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 12.6 CA$58.03
0%
3-Year Average 11.5 CA$53.31
-8%
5-Year Average 11.1 CA$51.5
-11%
Industry Average 6.2 CA$28.52
-51%
Country Average 10.2 CA$47
-19%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
CA$48.6B
/
Jan 2026
CA$3.7B
=
12.6
Current
CA$48.6B
/
Dec 2026
CA$4.4B
=
11.2
Forward
CA$48.6B
/
Dec 2027
CA$4.6B
=
10.6
Forward
CA$48.6B
/
Dec 2028
CA$4.8B
=
10
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CA
Pembina Pipeline Corp
TSX:PPL
34.4B CAD 12.6 21.8
CA
Enbridge Inc
TSX:ENB
157.1B CAD 15.1 22.2
US
Williams Companies Inc
NYSE:WMB
86.9B USD 17 33.2
US
Enterprise Products Partners LP
NYSE:EPD
79.3B USD 11.7 13.8
US
Kinder Morgan Inc
NYSE:KMI
71.2B USD 14.2 23.4
US
Energy Transfer LP
NYSE:ET
64.9B USD 8.8 15.5
CA
TC Energy Corp
TSX:TRP
86.1B CAD 15 25.4
US
MPLX LP
NYSE:MPLX
56.9B USD 10.8 11.6
US
Cheniere Energy Inc
NYSE:LNG
52.8B USD 7.2 9.9
US
ONEOK Inc
NYSE:OKE
52.6B USD 11.5 15.5
US
Targa Resources Corp
NYSE:TRGP
50.6B USD 13.8 27.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Pembina Pipeline Corp
TSX:PPL
Average EV/EBITDA: 12.5
12.6
10%
1.3
CA
Enbridge Inc
TSX:ENB
15.1
11%
1.4
US
Williams Companies Inc
NYSE:WMB
17
16%
1.1
US
Enterprise Products Partners LP
NYSE:EPD
11.7
7%
1.7
US
Kinder Morgan Inc
NYSE:KMI
14.2
10%
1.4
US
Energy Transfer LP
NYSE:ET
8.8
9%
1
CA
TC Energy Corp
TSX:TRP
15
11%
1.4
US
MPLX LP
NYSE:MPLX
10.8
5%
2.2
US
Cheniere Energy Inc
NYSE:LNG
7.2
-10%
N/A
US
ONEOK Inc
NYSE:OKE
11.5
7%
1.6
US
Targa Resources Corp
NYSE:TRGP
13.8
12%
1.2

Market Distribution

In line with most companies in Canada
Percentile
65th
Based on 2 002 companies
65th percentile
12.6
Low
0 — 7
Typical Range
7 — 14.5
High
14.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 7
Median 10.2
70th Percentile 14.5
Max 13 731.1

Pembina Pipeline Corp
Glance View

In the heart of Calgary, Alberta, Pembina Pipeline Corp stands as a pivotal entity within North America’s energy infrastructure industry. The company, established in 1954, has intricately woven itself into the continent’s energy tapestry, becoming a cornerstone in the transportation and midstream services for natural gas, crude oil, and natural gas liquids. Pembina's operations are distinctly integrated; they manage a sprawling network of pipelines stretching thousands of kilometers, efficiently moving hydrocarbons from remote production sites to bustling markets. This infrastructure supports a diversified array of services, including the collection, processing, transmission, and storage of energy commodities. Pembina’s revenue streams are intricately designed to capitalize on its extensive infrastructure. The company generates income primarily through fee-for-service contracts, which offer stability amidst fluctuating commodity prices. This model provides predictability and ensures steady cash flows, as customers pay for the guaranteed delivery of their products across Pembina's vast network, regardless of market volatility. Additionally, Pembina taps into vertically integrated opportunities such as product marketing and logistics, further enhancing its financial performance. The combination of strategic acquisitions and organic growth initiatives has bolstered Pembina’s position as a robust, reliable partner within the dynamic energy landscape, navigating the sector's complexities with astute operational efficiency.

PPL Intrinsic Value
49.89 CAD
Overvaluation 14%
Intrinsic Value
Price CA$58.03
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