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PBA vs. VLO: Pembina Pipeline vs. Valero Energy Stock Comparison

How do Pembina Pipeline (PBA) and Valero Energy (VLO) 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

Pembina Pipeline (PBA) and Valero Energy (VLO) both belong to the Oil, Gas & Consumable Fuels industry, though PBA is classified under Oil & Gas Storage & Transportation while VLO falls under Oil & Gas Refining & Marketing.

Company profile comparison for Pembina Pipeline (PBA) and Valero Energy (VLO)
Profile ItemPBAVLO
NamePembina Pipeline Corp.Valero Energy Corporation
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Refining & Marketing
Market Capitalization28.08 billion USD96.62 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 6, 2010January 4, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

PBA
VLO
GSPC
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Pembina Pipeline (PBA) vs. Valero Energy (VLO), 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 Pembina Pipeline (PBA) and Valero Energy (VLO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Pembina Pipeline (PBA) and Valero Energy (VLO)
MetricPBAVLO
Total Return (1Y)35.84%107.71%
Total Return (3Y, Annualized)20.26%47.89%
Total Return (5Y, Annualized)12.46%39.74%

Risk Profile

Drawdown History

PBA
VLO
GSPC
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Pembina Pipeline (PBA) vs. Valero Energy (VLO), 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 Pembina Pipeline (PBA) and Valero Energy (VLO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Pembina Pipeline (PBA) and Valero Energy (VLO)
MetricPBAVLO
Volatility (1Y, Annualized)20.43%39.31%
Beta (5Y)0.590.60
Max Drawdown (5Y)-27.37%-41.22%
Avg. Volume (3M)993.87K3.05M

Risk-Adjusted Performance

Risk-Return Positioning

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PBA and VLO 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 Pembina Pipeline (PBA) and Valero Energy (VLO)
MetricPBAVLO
Sharpe Ratio (1Y)1.542.63
Sortino Ratio (1Y)2.324.08

Profitability

ROE (TTM)

Valero Energy (VLO) at 46.87% sits in the top ROE quartile, while Pembina Pipeline (PBA) at 12.10% is closer to the peer norm — stronger capital efficiency for VLO.

PBA

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
PBA
12.10%
Q1
2.03%
Min
-29.09%

VLO

Energy industry group

46.87%

Max
53.85%
VLO
46.87%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): 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 Valero Energy (VLO) at 8.83%, which keeps about the industry-typical share.

PBA

Energy industry group

24.78%

Max
56.92%
PBA
24.78%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%

VLO

Energy industry group

8.83%

Max
56.92%
Q3
22.92%
Median
10.10%
VLO
8.83%
Q1
0.07%
Min
-27.38%
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Pembina Pipeline (PBA) at 32.63% and Valero Energy (VLO) at 20.47% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

PBA

Energy industry group

32.63%

Max
71.31%
Q3
33.75%
PBA
32.63%
Median
18.73%
Q1
6.94%
Min
-24.52%

VLO

Energy industry group

20.47%

Max
71.31%
Q3
33.75%
VLO
20.47%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Pembina Pipeline (PBA) and Valero Energy (VLO)
MetricPBAVLO
ROE (TTM)12.10%46.87%
ROA (TTM)4.65%17.68%
Net Margin (TTM)24.78%8.83%
Operating Margin (TTM)32.63%20.47%
Gross Margin (TTM)38.23%19.52%

Growth

Revenue Growth

Both Pembina Pipeline (PBA) at 5.34% and Valero Energy (VLO) at -5.54% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Pembina Pipeline (PBA) at -11.33% and Valero Energy (VLO) at -11.77% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Pembina Pipeline (PBA) and Valero Energy (VLO)
MetricPBAVLO
Revenue Growth (YoY)5.34%-5.54%
Revenue Growth (3Y CAGR)-12.50%-11.40%
EPS Growth (YoY)-11.33%-11.77%
EPS Growth (3Y CAGR)-19.61%-36.12%

Financial Strength

Current Ratio (MRQ)

Valero Energy (VLO) at 1.72 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.

PBA

Energy industry group

0.75

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
PBA
0.75
Min
0.24

VLO

Energy industry group

1.72

Max
3.64
Q3
2.21
VLO
1.72
Median
1.41
Q1
0.88
Min
0.24
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Pembina Pipeline (PBA) at 0.80 and Valero Energy (VLO) at 0.35 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

PBA

Energy industry group

0.80

Max
1.75
Q3
0.93
PBA
0.80
Median
0.54
Q1
0.30
Min
0.00

VLO

Energy industry group

0.35

Max
1.75
Q3
0.93
Median
0.54
VLO
0.35
Q1
0.30
Min
0.00
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Pembina Pipeline (PBA) and Valero Energy (VLO)
MetricPBAVLO
Current Ratio (MRQ)0.751.72
Debt / Equity (MRQ)0.800.35
Net Debt / EBITDA3.740.06

Dividends

Dividend Yield (TTM)

Pembina Pipeline (PBA) at 6.13% delivers top-quartile income for its industry, while Valero Energy (VLO) at 1.35% pays a more typical yield — both are credible income propositions, PBA the richer one.

PBA

Energy industry group

6.13%

Max
8.57%
PBA
6.13%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

VLO

Energy industry group

1.35%

Max
8.57%
Q3
3.58%
Median
1.71%
VLO
1.35%
Q1
0.00%
Min
0.00%
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Valero Energy (VLO) at 10.76% 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.

PBA

Energy industry group

86.79%

Max
133.24%
PBA
86.79%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%

VLO

Energy industry group

10.76%

Max
133.24%
Q3
53.31%
Median
25.24%
VLO
10.76%
Q1
0.00%
Min
0.00%
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Pembina Pipeline (PBA) and Valero Energy (VLO)
MetricPBAVLO
Dividend Yield (TTM)6.13%1.35%
Dividend Payout Ratio (TTM)86.79%10.76%

Valuation

P/E Ratio (TTM)

Both Pembina Pipeline (PBA) at 20.12 and Valero Energy (VLO) at 7.88 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

PBA

Energy industry group

20.12

Max
39.54
Q3
21.72
PBA
20.12
Median
12.19
Q1
7.71
Min
2.99

VLO

Energy industry group

7.88

Max
39.54
Q3
21.72
Median
12.19
VLO
7.88
Q1
7.71
Min
2.99
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Valero Energy (VLO) at 0.66 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.

PBA

Energy industry group

3.36

Max
5.40
PBA
3.36
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00

VLO

Energy industry group

0.66

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
VLO
0.66
Min
0.00
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both Pembina Pipeline (PBA) at 2.55 and Valero Energy (VLO) at 3.45 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

PBA

Energy industry group

2.55

Max
4.21
PBA
2.55
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

VLO

Energy industry group

3.45

Max
4.21
VLO
3.45
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Pembina Pipeline (PBA) vs. Valero Energy (VLO): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Pembina Pipeline (PBA) and Valero Energy (VLO)
MetricPBAVLO
P/E Ratio (TTM)20.127.88
P/S Ratio (TTM)3.360.66
P/B Ratio (MRQ)2.553.45
Free Cash Flow Yield (TTM)5.53%13.02%