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ENB vs. PBA: Enbridge vs. Pembina Pipeline Stock Comparison

How do Enbridge (ENB) 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

Enbridge (ENB) and Pembina Pipeline (PBA) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Enbridge (ENB) and Pembina Pipeline (PBA)
Profile ItemENBPBA
NameEnbridge Inc.Pembina Pipeline Corp.
Country/RegionCanadaCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization104.51 billion USD28.08 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 15, 1984October 6, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ENB
PBA
GSPC
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Enbridge (ENB) 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 Enbridge (ENB) and Pembina Pipeline (PBA). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Enbridge (ENB) and Pembina Pipeline (PBA)
MetricENBPBA
Total Return (1Y)3.49%35.84%
Total Return (3Y, Annualized)19.14%20.26%
Total Return (5Y, Annualized)8.72%12.46%

Risk Profile

Drawdown History

ENB
PBA
GSPC
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Enbridge (ENB) 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 Enbridge (ENB) and Pembina Pipeline (PBA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Enbridge (ENB) and Pembina Pipeline (PBA)
MetricENBPBA
Volatility (1Y, Annualized)18.30%20.43%
Beta (5Y)0.590.59
Max Drawdown (5Y)-28.31%-27.37%
Avg. Volume (3M)5.05M993.87K

Risk-Adjusted Performance

Risk-Return Positioning

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ENB 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 Enbridge (ENB) and Pembina Pipeline (PBA)
MetricENBPBA
Sharpe Ratio (1Y)-0.041.54
Sortino Ratio (1Y)-0.062.32

Profitability

ROE (TTM)

Both Enbridge (ENB) at 9.22% 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.

ENB

Energy industry group

9.22%

Max
53.85%
Q3
24.79%
Median
12.85%
ENB
9.22%
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%
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Enbridge (ENB) 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 Enbridge (ENB) at 7.34%, which keeps about the industry-typical share.

ENB

Energy industry group

7.34%

Max
56.92%
Q3
22.92%
Median
10.10%
ENB
7.34%
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%
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Enbridge (ENB) vs. Pembina Pipeline (PBA): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Enbridge (ENB) at 10.16% and Pembina Pipeline (PBA) at 32.63% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ENB

Energy industry group

10.16%

Max
71.31%
Q3
33.75%
Median
18.73%
ENB
10.16%
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%
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Enbridge (ENB) vs. Pembina Pipeline (PBA): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Enbridge (ENB) and Pembina Pipeline (PBA)
MetricENBPBA
ROE (TTM)9.22%12.10%
ROA (TTM)3.29%4.65%
Net Margin (TTM)7.34%24.78%
Operating Margin (TTM)10.16%32.63%
Gross Margin (TTM)32.59%38.23%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% sits in the top revenue growth quartile, while Pembina Pipeline (PBA) at 5.34% is closer to the peer norm — faster top-line expansion for ENB.

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

EPS Growth

Enbridge (ENB) at 37.61% 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 ENB.

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

Growth Metrics

Growth metrics for Enbridge (ENB) and Pembina Pipeline (PBA)
MetricENBPBA
Revenue Growth (YoY)21.92%5.34%
Revenue Growth (3Y CAGR)6.94%-12.50%
EPS Growth (YoY)37.61%-11.33%
EPS Growth (3Y CAGR)36.00%-19.61%

Financial Strength

Current Ratio (MRQ)

Both Enbridge (ENB) at 0.72 and Pembina Pipeline (PBA) at 0.75 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

ENB

Energy industry group

0.72

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
ENB
0.72
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
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Enbridge (ENB) vs. Pembina Pipeline (PBA): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Pembina Pipeline (PBA) at 0.80 carries an industry-typical debt-to-equity mix, while Enbridge (ENB) at 1.63 uses more debt funding than most peers.

ENB

Energy industry group

1.63

Max
1.75
ENB
1.63
Q3
0.93
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
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Enbridge (ENB) 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 Enbridge (ENB) and Pembina Pipeline (PBA)
MetricENBPBA
Current Ratio (MRQ)0.720.75
Debt / Equity (MRQ)1.630.80
Net Debt / EBITDA6.333.74

Dividends

Dividend Yield (TTM)

Enbridge (ENB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Pembina Pipeline (PBA) reports a yield of 6.13%, ranking against industry peers normally.

ENB

Energy industry group

0.00%

Max
8.57%
Q3
3.58%
Median
1.71%
ENB
0.00%
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%
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Enbridge (ENB) vs. Pembina Pipeline (PBA): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 147.68%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Pembina Pipeline (PBA) reports 86.79%, ranking against industry peers normally.

ENB

Energy industry group

147.68%

ENB
147.68%
Max
133.24%
Q3
53.31%
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%
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Enbridge (ENB) vs. Pembina Pipeline (PBA): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Enbridge (ENB) and Pembina Pipeline (PBA)
MetricENBPBA
Dividend Yield (TTM)0.00%6.13%
Dividend Payout Ratio (TTM)147.68%86.79%

Valuation

P/E Ratio (TTM)

Pembina Pipeline (PBA) at 20.12 is near its industry’s usual P/E ratio, while Enbridge (ENB) at 22.65 sits in the richer quartile — ENB needs stronger growth or earnings quality to justify the premium.

ENB

Energy industry group

22.65

Max
39.54
ENB
22.65
Q3
21.72
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
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Enbridge (ENB) vs. Pembina Pipeline (PBA): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Enbridge (ENB) at 1.25 is priced about in line with its industry on P/S ratio, while Pembina Pipeline (PBA) at 3.36 sits in the pricier quartile — PBA costs more per dollar of sales.

ENB

Energy industry group

1.25

Max
5.40
Q3
2.85
Median
1.69
ENB
1.25
Q1
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
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Enbridge (ENB) vs. Pembina Pipeline (PBA): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both Enbridge (ENB) at 2.59 and Pembina Pipeline (PBA) at 2.55 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

ENB

Energy industry group

2.59

Max
4.21
ENB
2.59
Q3
2.38
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
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Enbridge (ENB) vs. Pembina Pipeline (PBA): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Enbridge (ENB) and Pembina Pipeline (PBA)
MetricENBPBA
P/E Ratio (TTM)22.6520.12
P/S Ratio (TTM)1.253.36
P/B Ratio (MRQ)2.592.55
Free Cash Flow Yield (TTM)-1.01%5.53%