PPL.TO (PPL) Fair Value & Analysis
Energy · CA · Market cap C$40.9B (≈ $29.5B) · ISIN CA7063271034
What is PPL.TO really worth?
A solid business, but trading 129% above our fair value of C$29.27.
As of Sep 5, 2026, the fair value of PPL.TO is C$29.27 per share against a price of C$66.95, so the fair value sits 56% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 25 valuation models · updated yesterday
Share price +1.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (C$45.30). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (C$19.47 to C$45.30) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range C$26.37 – C$72.44 · fair‑value band C$19.47 – C$45.30 · the C$66.95 price screens above the C$29.27 fair value. Dashed = 300-day average. As of Sep 5, 2026.
Analysis
PPL.TO (PPL) currently trades at C$66.95, while our model-based Fair Value estimate is C$29.27, implying the stock looks roughly 128.7% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of C$60.55 per share, and 4 of the 25 models we run sit above the C$66.95 price. Bear case: the Economic Profit group reads lowest at C$15.19, and 21 of the 25 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, PPL.TO generated revenue of C$7.6B at a net margin of 22.2%. Revenue declined 7.7% year over year. It earns a return on equity of 9.8%. Net debt stands at C$13.7B. Fundamentals as of Sep 5, 2026
Our scenario range runs from C$19.47 (bear case) to C$45.30 (bull case); at C$66.95, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at −56%, PPL screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 25 models by family
Widest divergence: Growth Earnings (C$60.55) versus Economic Profit (C$15.19). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 72
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures.
Full company description
Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.0 million of barrels of oil equivalent per day, and the ground storage capacity of 10 million of barrels serving markets and basins across North America. The Facilities segment offers infrastructure that provides customers with crude oil, natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 430 thousands of barrels of NGL fractionation capacity, 21 million of barrels of cavern storage capacity, and various oil batteries, associated pipeline, and rail terminalling facilities and a liquefied propane export facility. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PPL.TO reported revenue of C$7.7B in FY2025 versus C$8.6B in FY2021, a compound −2.9%/yr. Reported net income was C$1.7B in FY2025, compounding +8.1%/yr from FY2021.
of which total revenue +4.0 % · buybacks/dilution −5.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
PPL screens 129% overvalued. Compare with Enbridge Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Stronger Earnings And Affirmed Dividend Could Be A Game Changer For Pembina Pipeline (TSX:PPL)
- Pembina Pipeline (TSX:PPL) Stock Looks Reasonable On Earnings While Returns Look Strong
- Why Pembina Pipeline (TSX:PPL) Is Getting Attention Today
Peer Group
Oil & Gas Midstream · 89 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Enbridge Inc ENB | $50.72 | $35.83 | −29% |
| The Williams Companies, Inc WMB | $74.05 | $11.73 | −84% |
| Enterprise Products Partners L.P. EPD | $39.02 | $20.94 | −46% |
| TC Energy Corporation TRP | C$88.72 | C$24.53 | −72% |
| Kinder Morgan, Inc KMI | $31.60 | $10.92 | −65% |
| Energy Transfer LP, ET | $21.31 | $11.45 | −46% |
| MPLX LP owns and MPLX | $59.25 | $36.42 | −39% |
| ONEOK, Inc OKE | $95.69 | $58.62 | −39% |
| Targa Resources Corp TRGP | $286.91 | $79.61 | −72% |
| Cheniere Energy, Inc LNG | $280.80 | $199.99 | −29% |
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