E vs. PBA: Eni vs. Pembina Pipeline Stock Comparison

November 11, 2026

How do Eni (E) 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

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

Pembina Pipeline (PBA) trades as ordinary local shares, while Eni (E) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Eni (E) and Pembina Pipeline (PBA)
Profile Item	E	PBA
Name	Eni S.p.A. Sponsored ADR	Pembina Pipeline Corp.
Country/Region	Italy	Canada
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas	Oil & Gas Storage & Transportation
Market Capitalization	78.96 billion USD	28.08 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 28, 1995	October 6, 2010
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

PBA

GSPC

Eni (E) 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

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Trailing total returns for Eni (E) and Pembina Pipeline (PBA). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eni (E) and Pembina Pipeline (PBA). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eni (E) and Pembina Pipeline (PBA)
Metric	E	PBA
Total Return (1Y)	56.40%	35.84%
Total Return (3Y, Annualized)	27.06%	20.26%
Total Return (5Y, Annualized)	20.08%	12.46%

Risk Profile

Drawdown History

PBA

GSPC

Eni (E) 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

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Distribution of monthly total returns for Eni (E) and Pembina Pipeline (PBA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eni (E) and Pembina Pipeline (PBA)
Metric	E	PBA
Volatility (1Y, Annualized)	28.11%	20.43%
Beta (5Y)	0.42	0.59
Max Drawdown (5Y)	-33.71%	-27.37%
Avg. Volume (3M)	367.73K	993.87K

Risk-Adjusted Performance

Risk-Return Positioning

E 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 Eni (E) and Pembina Pipeline (PBA)
Metric	E	PBA
Sharpe Ratio (1Y)	1.85	1.54
Sortino Ratio (1Y)	2.86	2.32

Profitability

ROE (TTM)

Both Eni (E) at 13.14% and Pembina Pipeline (PBA) at 12.10% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

E

Energy industry group

13.14%

Max: 53.85%
Q3: 24.79%
E: 13.14%
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%

Eni (E) 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 Eni (E) at 7.90%, which keeps about the industry-typical share.

E

Energy industry group

7.90%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
E: 7.90%
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%

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Eni (E) at 8.58% and Pembina Pipeline (PBA) at 32.63% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

E

Energy industry group

8.58%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
E: 8.58%
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%

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Eni (E) and Pembina Pipeline (PBA)
Metric	E	PBA
ROE (TTM)	13.14%	12.10%
ROA (TTM)	3.56%	4.65%
Net Margin (TTM)	7.90%	24.78%
Operating Margin (TTM)	8.58%	32.63%
Gross Margin (TTM)	21.94%	38.23%

Growth

Revenue Growth

Pembina Pipeline (PBA) at 5.34% is around its peer norm for revenue growth, while Eni (E) at -7.48% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Eni (E) at 0.00% and Pembina Pipeline (PBA) at -11.33% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eni (E) and Pembina Pipeline (PBA)
Metric	E	PBA
Revenue Growth (YoY)	-7.48%	5.34%
Revenue Growth (3Y CAGR)	-14.73%	-12.50%
EPS Growth (YoY)	0.00%	-11.33%
EPS Growth (3Y CAGR)	-41.77%	-19.61%

Financial Strength

Current Ratio (MRQ)

Eni (E) at 1.21 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.

E

Energy industry group

1.21

Max: 3.64
Q3: 2.21
Median: 1.41
E: 1.21
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

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Eni (E) at 0.69 and Pembina Pipeline (PBA) at 0.80 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

E

Energy industry group

0.69

Max: 1.75
Q3: 0.93
E: 0.69
Median: 0.54
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

Eni (E) 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 Eni (E) and Pembina Pipeline (PBA)
Metric	E	PBA
Current Ratio (MRQ)	1.21	0.75
Debt / Equity (MRQ)	0.69	0.80
Net Debt / EBITDA	1.35	3.74

Dividends

Dividend Yield (TTM)

Pembina Pipeline (PBA) at 6.13% delivers top-quartile income for its industry, while Eni (E) at 0.48% pays a more typical yield — both are credible income propositions, PBA the richer one.

E

Energy industry group

0.48%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
E: 0.48%
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%

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Eni (E) at 45.83% 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.

E

Energy industry group

45.83%

Max: 133.24%
Q3: 53.31%
E: 45.83%
Median: 25.24%
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%

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Eni (E) and Pembina Pipeline (PBA)
Metric	E	PBA
Dividend Yield (TTM)	0.48%	6.13%
Dividend Payout Ratio (TTM)	45.83%	86.79%

Valuation

P/E Ratio (TTM)

Both Eni (E) at 16.36 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.

E

Energy industry group

16.36

Max: 39.54
Q3: 21.72
E: 16.36
Median: 12.19
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

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Eni (E) at 0.81 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.

E

Energy industry group

0.81

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
E: 0.81
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

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Eni (E) at 1.31 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.

E

Energy industry group

1.31

Max: 4.21
Q3: 2.38
Median: 1.51
E: 1.31
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

Eni (E) vs. Pembina Pipeline (PBA): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Eni (E) and Pembina Pipeline (PBA)
Metric	E	PBA
P/E Ratio (TTM)	16.36	20.12
P/S Ratio (TTM)	0.81	3.36
P/B Ratio (MRQ)	1.31	2.55
Free Cash Flow Yield (TTM)	7.39%	5.53%