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

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$26.55, market value C$13.4 billion.

## Valuation
- **P/E (trailing): 11.6×**. Pembina Pipeline Corporation trades at 11.6× trailing earnings. The Energy median in the September 2026 study was 16.8×.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **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: 15.5%**. Free cash flow equals 15.5% of the market value. Above 5% is generally attractive.
- **Earnings yield: 8.6%**. The inverse of the P/E: 8.6% of the price is earned each year.

## Profitability
- **Gross margin: 42.0%**. Pembina Pipeline Corporation keeps 42.0% of revenue after the direct cost of what it sells.
- **Operating margin: 35.4%**. 35.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 21.8%**. 21.8% 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: 7.2%**. Return on all capital, debt included, is 7.2%.
- **Return on assets: 5.0%**. Each dollar of assets produces 5.0% of profit.

## Growth
- **Revenue growth (1 yr): 5.3%** (3-yr -12.5%/yr). Revenue grew 5.3% over the last year.
- **Free-cash-flow growth (3 yr): 2.7%/yr**. Free cash flow has compounded at 2.7% a year over three years.

## Financial health
- **Debt to equity: 0.79**. Debt is 0.79 times equity, moderate leverage.
- **Net debt / EBITDA: 3.4×**. It would take 3.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 4.5×**. Operating profit covers interest 4.5× 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: 6.42%** (C$2.88 per share, trailing). Pembina Pipeline Corporation yields 6.42%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 105%** (86% 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): 8.3%/yr** (1-yr 19.7%). The dividend has grown 8.3% a year over five years.

## Price and momentum
- **Total return (1 yr): 10.2%** (YTD 7.0%, 3-mo 1.6%). The shares are up 10.2% over twelve months including dividends.
- **From 52-week high: -1.3%** (5.6% 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): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): -0.01** (volatility 6%). Beta of -0.01 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.