# Pembina Pipeline Corporation (PPL-PC.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$25.51, market value C$12.9 billion.

## Valuation
- **P/E (trailing): 11.1×** (5-yr avg 6.2×, 3-yr avg 6.9×). Pembina Pipeline Corporation trades at 11.1× trailing earnings, well above its own five-year average of 6.2×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×.
- **Price / sales: 1.6×**. Each dollar of revenue is priced at 1.6×.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 6.8×**. Enterprise value is 6.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 16.0%** (5-yr avg 23.2%). Free cash flow equals 16.0% of the market value, below its five-year average of 23.2%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 9.0%**. The inverse of the P/E: 9.0% of the price is earned each year.

## Profitability
- **Gross margin: 39.3%**. Pembina Pipeline Corporation keeps 39.3% of revenue after the direct cost of what it sells.
- **Operating margin: 32.6%**. 32.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 22.1%**. 22.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.1%**. 10.1% on shareholders' equity is solid.
- **Return on invested capital: 6.6%**. Return on all capital, debt included, is 6.6%.
- **Return on assets: 5.0%**. Each dollar of assets produces 5.0% of profit.

## Growth
- **Revenue growth (1 yr): 4.0%** (3-yr -12.9%/yr, 5-yr 5.2%/yr). Revenue grew 4.0% over the last year, against 5.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -11.3%** (3-yr -19.7%/yr). Earnings per share fell 11.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 2.6%/yr**. Free cash flow has compounded at 2.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.83**. Debt is 0.83 times equity, moderate leverage.
- **Net debt / EBITDA: 3.5×**. It would take 3.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 4.3×**. Operating profit covers interest 4.3× over, a safe margin.
- **Current ratio: 0.61** (quick 0.47). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.90%** (C$2.88 per share, trailing). Pembina Pipeline Corporation yields 5.90%, an income-level yield.
- **Payout ratio: 105%** (87% of free cash flow). The dividend exceeds earnings (105% payout), though free cash flow still covers it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 6.1%/yr** (1-yr 6.8%). The dividend has grown 6.1% a year over five years.

## Price and momentum
- **Total return (1 yr): 9.0%** (YTD 6.0%, 3-mo 0.0%). The shares are up 9.0% over twelve months including dividends.
- **From 52-week high: -1.6%** (6.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): -0.03** (volatility 6%). Beta of -0.03 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PPL-PC.TO · Page: https://foliofundamentals.com/stocks/ppl-pc.to

Not investment advice.