Seek Returns

CVE vs. PBA: Cenovus Energy vs. Pembina Pipeline Stock Comparison

How do Cenovus Energy (CVE) and Pembina Pipeline (PBA) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cenovus Energy (CVE) and Pembina Pipeline (PBA) both belong to the Oil, Gas & Consumable Fuels industry, though CVE is classified under Integrated Oil & Gas while PBA falls under Oil & Gas Storage & Transportation.

Company profile comparison for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
Profile ItemCVEPBA
NameCenovus Energy Inc.Pembina Pipeline Corp.
Country/RegionCanadaCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Storage & Transportation
Market Capitalization49.61 billion USD28.08 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 17, 2009October 6, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVE
PBA
GSPC
Loading price history…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for Cenovus Energy (CVE) and Pembina Pipeline (PBA). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Cenovus Energy (CVE) and Pembina Pipeline (PBA). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
MetricCVEPBA
Total Return (1Y)60.99%35.84%
Total Return (3Y, Annualized)19.41%20.26%
Total Return (5Y, Annualized)18.63%12.46%

Risk Profile

Drawdown History

CVE
PBA
GSPC
Loading price history…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for Cenovus Energy (CVE) and Pembina Pipeline (PBA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
MetricCVEPBA
Volatility (1Y, Annualized)37.47%20.43%
Beta (5Y)0.430.59
Max Drawdown (5Y)-53.51%-27.37%
Avg. Volume (3M)6.90M993.87K

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
CVE and PBA are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
MetricCVEPBA
Sharpe Ratio (1Y)1.511.54
Sortino Ratio (1Y)2.202.32

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while Pembina Pipeline (PBA) at 12.10% is closer to the peer norm — stronger capital efficiency for CVE.

CVE

Energy industry group

27.44%

Max
53.85%
CVE
27.44%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

PBA

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
PBA
12.10%
Q1
2.03%
Min
-29.09%
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Pembina Pipeline (PBA) at 24.78% retains a top-quartile share of revenue as profit, ahead of Cenovus Energy (CVE) at 15.42%, which keeps about the industry-typical share.

CVE

Energy industry group

15.42%

Max
56.92%
Q3
22.92%
CVE
15.42%
Median
10.10%
Q1
0.07%
Min
-27.38%

PBA

Energy industry group

24.78%

Max
56.92%
PBA
24.78%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Cenovus Energy (CVE) at 26.58% and Pembina Pipeline (PBA) at 32.63% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CVE

Energy industry group

26.58%

Max
71.31%
Q3
33.75%
CVE
26.58%
Median
18.73%
Q1
6.94%
Min
-24.52%

PBA

Energy industry group

32.63%

Max
71.31%
Q3
33.75%
PBA
32.63%
Median
18.73%
Q1
6.94%
Min
-24.52%
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
MetricCVEPBA
ROE (TTM)27.44%12.10%
ROA (TTM)12.05%4.65%
Net Margin (TTM)15.42%24.78%
Operating Margin (TTM)26.58%32.63%
Gross Margin (TTM)33.92%38.23%

Growth

Revenue Growth

Pembina Pipeline (PBA) at 5.34% is around its peer norm for revenue growth, while Cenovus Energy (CVE) at -8.62% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their Revenue Growth across different time periods.

EPS Growth

Cenovus Energy (CVE) at 28.74% sits in the top EPS growth quartile, while Pembina Pipeline (PBA) at -11.33% is closer to the peer norm — faster per-share earnings growth for CVE.

Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
MetricCVEPBA
Revenue Growth (YoY)-8.62%5.34%
Revenue Growth (3Y CAGR)-9.75%-12.50%
EPS Growth (YoY)28.74%-11.33%
EPS Growth (3Y CAGR)-12.42%-19.61%

Financial Strength

Current Ratio (MRQ)

Cenovus Energy (CVE) at 1.64 keeps current ratio within its industry’s typical mid-range, while Pembina Pipeline (PBA) at 0.75 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PBA.

CVE

Energy industry group

1.64

Max
3.64
Q3
2.21
CVE
1.64
Median
1.41
Q1
0.88
Min
0.24

PBA

Energy industry group

0.75

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
PBA
0.75
Min
0.24
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Cenovus Energy (CVE) at 0.33 and Pembina Pipeline (PBA) at 0.80 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CVE

Energy industry group

0.33

Max
1.75
Q3
0.93
Median
0.54
CVE
0.33
Q1
0.30
Min
0.00

PBA

Energy industry group

0.80

Max
1.75
Q3
0.93
PBA
0.80
Median
0.54
Q1
0.30
Min
0.00
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
MetricCVEPBA
Current Ratio (MRQ)1.640.75
Debt / Equity (MRQ)0.330.80
Net Debt / EBITDA0.353.74

Dividends

Dividend Yield (TTM)

Pembina Pipeline (PBA) at 6.13% delivers top-quartile income for its industry, while Cenovus Energy (CVE) at 3.04% pays a more typical yield — both are credible income propositions, PBA the richer one.

CVE

Energy industry group

3.04%

Max
8.57%
Q3
3.58%
CVE
3.04%
Median
1.71%
Q1
0.00%
Min
0.00%

PBA

Energy industry group

6.13%

Max
8.57%
PBA
6.13%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Cenovus Energy (CVE) at 22.84% pays out a band-typical share of earnings, while Pembina Pipeline (PBA) at 86.79% distributes more than its industry norm — less retained, thinner cover.

CVE

Energy industry group

22.84%

Max
133.24%
Q3
53.31%
Median
25.24%
CVE
22.84%
Q1
0.00%
Min
0.00%

PBA

Energy industry group

86.79%

Max
133.24%
PBA
86.79%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
MetricCVEPBA
Dividend Yield (TTM)3.04%6.13%
Dividend Payout Ratio (TTM)22.84%86.79%

Valuation

P/E Ratio (TTM)

Both Cenovus Energy (CVE) at 10.56 and Pembina Pipeline (PBA) at 20.12 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CVE

Energy industry group

10.56

Max
39.54
Q3
21.72
Median
12.19
CVE
10.56
Q1
7.71
Min
2.99

PBA

Energy industry group

20.12

Max
39.54
Q3
21.72
PBA
20.12
Median
12.19
Q1
7.71
Min
2.99
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Cenovus Energy (CVE) at 0.88 looks cheap on sales in the lower P/S ratio quartile, while Pembina Pipeline (PBA) at 3.36 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

CVE

Energy industry group

0.88

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
CVE
0.88
Min
0.00

PBA

Energy industry group

3.36

Max
5.40
PBA
3.36
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Cenovus Energy (CVE) at 1.98 is valued about in line with its industry on P/B ratio, while Pembina Pipeline (PBA) at 2.55 carries an above-peer premium to book — PBA is pricier on assets.

CVE

Energy industry group

1.98

Max
4.21
Q3
2.38
CVE
1.98
Median
1.51
Q1
1.08
Min
0.01

PBA

Energy industry group

2.55

Max
4.21
PBA
2.55
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
Loading chart…
Cenovus Energy (CVE) vs. Pembina Pipeline (PBA): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Pembina Pipeline (PBA)
MetricCVEPBA
P/E Ratio (TTM)10.5620.12
P/S Ratio (TTM)0.883.36
P/B Ratio (MRQ)1.982.55
Free Cash Flow Yield (TTM)20.71%5.53%