OVV vs. PBA: Ovintiv vs. Pembina Pipeline Stock Comparison

November 11, 2026

How do Ovintiv (OVV) 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

Ovintiv (OVV) and Pembina Pipeline (PBA) both belong to the Oil, Gas & Consumable Fuels industry, though OVV is classified under Oil & Gas Exploration & Production while PBA falls under Oil & Gas Storage & Transportation.

Company profile comparison for Ovintiv (OVV) and Pembina Pipeline (PBA)
Profile Item	OVV	PBA
Name	Ovintiv Inc.	Pembina Pipeline Corp.
Country/Region	United States	Canada
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Exploration & Production	Oil & Gas Storage & Transportation
Market Capitalization	16.26 billion USD	28.08 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 8, 2002	October 6, 2010
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

OVV

PBA

GSPC

Ovintiv (OVV) 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 Ovintiv (OVV) and Pembina Pipeline (PBA). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Ovintiv (OVV) and Pembina Pipeline (PBA)
Metric	OVV	PBA
Total Return (1Y)	60.20%	35.84%
Total Return (3Y, Annualized)	14.43%	20.26%
Total Return (5Y, Annualized)	13.60%	12.46%

Risk Profile

Drawdown History

OVV

PBA

GSPC

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

Risk Metrics

Risk profile metrics for Ovintiv (OVV) and Pembina Pipeline (PBA)
Metric	OVV	PBA
Volatility (1Y, Annualized)	36.62%	20.43%
Beta (5Y)	0.61	0.59
Max Drawdown (5Y)	-47.13%	-27.37%
Avg. Volume (3M)	3.34M	993.87K

Risk-Adjusted Performance

Risk-Return Positioning

OVV 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 Ovintiv (OVV) and Pembina Pipeline (PBA)
Metric	OVV	PBA
Sharpe Ratio (1Y)	1.53	1.54
Sortino Ratio (1Y)	2.22	2.32

Profitability

ROE (TTM)

Both Ovintiv (OVV) at 12.10% 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.

OVV

Energy industry group

12.10%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
OVV: 12.10%
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%

Ovintiv (OVV) 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 Ovintiv (OVV) at 13.13%, which keeps about the industry-typical share.

OVV

Energy industry group

13.13%

Max: 56.92%
Q3: 22.92%
OVV: 13.13%
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%

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

Operating Margin (TTM)

Ovintiv (OVV) at 34.32% operates in the top operating margin quartile, ahead of Pembina Pipeline (PBA) at 32.63%, which runs around its industry’s norm.

OVV

Energy industry group

34.32%

Max: 71.31%
OVV: 34.32%
Q3: 33.75%
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%

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

Profitability Metrics

Profitability metrics for Ovintiv (OVV) and Pembina Pipeline (PBA)
Metric	OVV	PBA
ROE (TTM)	12.10%	12.10%
ROA (TTM)	10.13%	4.65%
Net Margin (TTM)	13.13%	24.78%
Operating Margin (TTM)	34.32%	32.63%
Gross Margin (TTM)	55.81%	38.23%

Growth

Revenue Growth

Both Ovintiv (OVV) at -2.67% and Pembina Pipeline (PBA) at 5.34% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both Ovintiv (OVV) at 13.54% 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.

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

Growth Metrics

Growth metrics for Ovintiv (OVV) and Pembina Pipeline (PBA)
Metric	OVV	PBA
Revenue Growth (YoY)	-2.67%	5.34%
Revenue Growth (3Y CAGR)	-10.59%	-12.50%
EPS Growth (YoY)	13.54%	-11.33%
EPS Growth (3Y CAGR)	-30.24%	-19.61%

Financial Strength

Current Ratio (MRQ)

Both Ovintiv (OVV) at 0.84 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.

OVV

Energy industry group

0.84

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
OVV: 0.84
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

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

Debt / Equity (MRQ)

Both Ovintiv (OVV) at 0.44 and Pembina Pipeline (PBA) at 0.80 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

OVV

Energy industry group

0.44

Max: 1.75
Q3: 0.93
Median: 0.54
OVV: 0.44
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

Ovintiv (OVV) 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 Ovintiv (OVV) and Pembina Pipeline (PBA)
Metric	OVV	PBA
Current Ratio (MRQ)	0.84	0.75
Debt / Equity (MRQ)	0.44	0.80
Net Debt / EBITDA	0.91	3.74

Dividends

Dividend Yield (TTM)

Pembina Pipeline (PBA) at 6.13% delivers top-quartile income for its industry, while Ovintiv (OVV) at 1.97% pays a more typical yield — both are credible income propositions, PBA the richer one.

OVV

Energy industry group

1.97%

Max: 8.57%
Q3: 3.58%
OVV: 1.97%
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%

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

Dividend Payout Ratio (TTM)

Ovintiv (OVV) at 23.95% 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.

OVV

Energy industry group

23.95%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
OVV: 23.95%
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%

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

Dividend Metrics

Dividend metrics for Ovintiv (OVV) and Pembina Pipeline (PBA)
Metric	OVV	PBA
Dividend Yield (TTM)	1.97%	6.13%
Dividend Payout Ratio (TTM)	23.95%	86.79%

Valuation

P/E Ratio (TTM)

Both Ovintiv (OVV) at 12.08 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.

OVV

Energy industry group

12.08

Max: 39.54
Q3: 21.72
Median: 12.19
OVV: 12.08
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

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

P/S Ratio (TTM)

Ovintiv (OVV) at 1.62 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.

OVV

Energy industry group

1.62

Max: 5.40
Q3: 2.85
Median: 1.69
OVV: 1.62
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

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

P/B Ratio (MRQ)

Ovintiv (OVV) at 1.41 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.

OVV

Energy industry group

1.41

Max: 4.21
Q3: 2.38
Median: 1.51
OVV: 1.41
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

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

Valuation Metrics

Valuation metrics for Ovintiv (OVV) and Pembina Pipeline (PBA)
Metric	OVV	PBA
P/E Ratio (TTM)	12.08	20.12
P/S Ratio (TTM)	1.62	3.36
P/B Ratio (MRQ)	1.41	2.55
Free Cash Flow Yield (TTM)	5.54%	5.53%