STOCK COMPARISON
Pembina Pipeline vs Enbridge: Fair Value & Quality
Both stocks run through our valuation models. Here is how Pembina Pipeline (PBA) and Enbridge (ENB) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Pembina Pipeline trades at $48.00 versus a fair value of $20.87 (-57%), while Enbridge trades at $51.70 versus $47.20 (-9%).
Pembina Pipeline
PBA · USD · Energy
-57%
upside to fair value
overvalued
Price$48.00
Fair Value$20.87
Quality66/100
Enbridge
ENB · USD · Energy
-9%
upside to fair value
fairly valued
Price$51.70
Fair Value$47.20
Quality47/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Pembina PipelineEnbridge
Valuation
27.4×P/E (TTM)26.9×
3.92×P/S (TTM)1.78×
1.78×P/B1.43×
12.3×EV/EBITDA12.9×
2.74×PEG5.32×
5.6%Dividend yield6.8%
$2.86Dividend per share$3.80
Profitability
22%Net margin10%
34%Operating margin15%
10%Return on equity10%
4%Return on assets3%
Growth
-8%Revenue growth (YoY)21%
-12.5%Avg. growth/yr (3Y)6.9%
5.5%Avg. growth/yr (5Y)10.8%
Balance & size
0.72×Debt / equity1.15×
$30BMarket cap$123B
healthyGrowth qualityexpensive
Enbridge leads: 6 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Pembina Pipelineof which business quality 58 · market factors 73
Enbridgeof which business quality 39 · market factors 63
ProfitabilityMargins and returns on capital today
39
29
Quality GrowthAre margins and returns improving?
47
49
CashflowEarnings quality: real cash, not paper profit
91
57
Fin. StrengthBalance sheet, leverage, solvency risk
35
18
InvestmentDisciplined investing over empire-building
74
20
Low VolatilityCalm price path (market factor)
86
86
MomentumPrice trend over the last 3–12 months (market factor)
62
51
52W MomentumDistance to the 52-week high (market factor)
76
56
Net IssuanceBuybacks instead of dilution
66
62
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Pembina Pipeline
DCF Models$27.11
Earnings-Based$17.83
Dividend Discount$19.20
Multiples$19.30
Asset-Based$6.92
Growth DCF$26.04
Economic Profit$9.25
Growth Earnings$25.11
26 of 26 models see the stock below the current price.
Enbridge
DCF Models$33.30
Earnings-Based$47.20
Dividend Discount$95.43
Multiples$58.32
Asset-Based$26.24
Growth DCF$18.70
Economic Profit$18.87
Growth Earnings$68.98
15 of 25 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Pembina Pipeline
Bear $20.87Fair Value $20.87Bull $32.30
$48.00 = current price (white tick)
Enbridge
Bear $36.02Fair Value $47.20Bull $60.03
$51.70 = current price (white tick)
Compare two other stocks
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Pembina Pipeline · Energy
Quality score66 · Top 25%
Fair value upside-57% · bottom 25%
Enbridge · Energy
Quality score47 · below median
Fair value upside-9% · above median
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Pembina Pipeline trades at $48.00 versus a fair value of $20.87 (-57%), while Enbridge trades at $51.70 versus $47.20 (-9%).
Pembina Pipeline has the higher quality score (66/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
