PBA vs DVN Stock Comparison

Pembina Pipeline and Devon Energy Prices as of Oct 26, 2026 Peers: Industry group
PBA Pembina Pipeline Corp
$50.33 +12.7% 1M +32.3% 1Y
Market cap
$29.04B
P/E
18.4x
Revenue (TTM)
$7.84B
Div. yield
–
Oil and Gas Pipelines Energy
6 wins
DVN Devon Energy Corp/De
$51.63 +9.7% 1M +56.6% 1Y
Market cap
$47.97B
P/E
14.6x
Revenue (TTM)
$20.38B
Div. yield
0.02%
Oil and Gas Exploration and Production Energy
5 wins

Head to Head

11 decided of 12

Pembina Pipeline leads on 6 of the 12 questions below (Pembina Pipeline 6, Devon Energy 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPBADVNLeader
Larger companyMarket capitalisation $29.04B $47.97B DVN
Cheaper on earningsLower P/E, profitable companies only 18.4x 14.6x DVN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.6x 9.1x DVN
Faster revenue growthRevenue growth, trailing twelve months +0.9% +18.1% DVN
More profitableNet margin, trailing twelve months 20.1% 16.1% PBA
Better return on capitalReturn on invested capital 8.3% -3.5% PBA
Less leveragedLower net debt / EBITDA 3.1x 4.1x PBA
Higher dividend yieldTrailing dividend yield 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months +32.3% +56.6% DVN
Better 5-year returnAnnualised price return, 5 years +8.7%/yr +5.4%/yr PBA
Less volatileAnnualised volatility, 1 year 20.3% 34.1% PBA
Higher overall scoreMean of the five percentile scores vs peers 57/100 48/100 PBA

Percentile Scorecard

PBADVN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPBADVN
Valuation 79 #8 of 35 39 #61 of 99
Growth 21 #27 of 34 70 #30 of 97
Profitability 55 #16 of 34 46 #52 of 96
Financial Health 88 #5 of 35 37 #65 of 102
Shareholder Returns 40 #19 of 31 48 #40 of 76
Overall 57 48
  • PBA ranked among 35 companies in Oil and Gas Midstream
  • DVN ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPBADVNSPY
1 month +12.7%+9.7% -0.8%
3 months +0.8%+19.6% +3.5%
6 months +16.1%+7.1% +7.0%
Year to date +32.2%+41.0% +12.2%
1 year +32.3%+56.6% +13.0%
3 years +65.4%+10.4% +86.3%
3 years, per year +18.3%+3.4% +23.1%
5 years +51.6%+30.3% +68.6%
5 years, per year +8.7%+5.4% +11.0%
10 years +61.8%+28.4% +258.0%
10 years, per year +4.9%+2.5% +13.6%

Risk

MeasurePBADVNSPY
Volatility, 1Y 20.3%34.1% 12.7%
Downside volatility, 1Y 20.9%33.3% 12.7%
Beta vs S&P 500, 1Y -0.23-0.73 1.00
Return / volatility, 1Y 1.591.66 1.02
Max drawdown, 5Y -32.6%-65.7% -25.4%
From 52-week high -2.0%-0.8% -1.8%
52-week high $51.38$52.07 $779.14
52-week low $36.52$32.01 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePBADVN
P/E now vs peer median 18.5xmedian 21.0x 14.7xmedian 13.5x
P/S now vs peer median 3.7xmedian 2.7x 2.8xmedian 2.1x
EV/EBITDA now vs peer median 10.8xmedian 11.0x 24.8xmedian 5.9x
P/FCF now vs peer median 8.4xmedian 16.6x 38.5xmedian 11.0x
P/B now vs peer median 1.7xmedian 2.6x 1.4xmedian 1.5x
PEG now vs peer median —median 1.92 -0.66median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPBADVN
Revenue $7.84B $20.38B
Gross profit $3.30B $14.11B
Operating income $2.83B -$1.35B
Net income $1.71B $3.29B
Free cash flow $3.49B $1.48B
R&D – $54.00M
EPS (diluted) $2.71 $3.49
Cash & equivalents $153.00M –
Total debt $12.08B $11.39B
Shares (diluted) 582.00M 940.00M
Enterprise value $28.48B $47.97B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPBADVN
P/E 18.5x 14.7x
P/FCF 8.4x 38.5x
P/Operating cash flow 10.1x 6.6x
P/S 3.7x 2.8x
P/B 1.7x 1.4x
P/Tangible book 1.7x 1.4x
EV/EBITDA 10.8x 24.8x
EV/EBIT 14.6x -50.4x
EV/Revenue 5.3x 3.3x
EV/FCF 11.8x 46.2x
EV/Operating cash flow 14.2x 8.0x
PEG (3Y EPS CAGR) – -0.66

Growth

14 metrics
MetricPBADVN
Revenue growth (1Y) 0.9% 18.1%
Revenue CAGR (3Y) – 5.9%
Gross profit growth (1Y) 0.9% 18.4%
Gross profit CAGR (3Y) – 4.9%
Operating income growth (1Y) 27.9% 11.9%
Operating income CAGR (3Y) – -44.2%
Net income growth (1Y) -3.9% 13.2%
Net income CAGR (3Y) – -11.9%
EPS growth (1Y) -3.0% -22.0%
EPS CAGR (3Y) – -22.4%
Operating cash flow growth (1Y) -16.0% 25.5%
Operating cash flow CAGR (3Y) – 6.4%
Free cash flow growth (1Y) -14.7% 337.8%
Free cash flow CAGR (3Y) – 11.7%

Profitability

14 metrics
MetricPBADVN
Gross margin 42.1% 69.3%
EBITDA margin 48.5% 13.5%
Operating margin 36.1% -6.6%
Pretax margin 28.2% -8.8%
Net margin 20.1% 16.1%
FCF margin 44.5% 7.2%
Operating cash flow margin 37.0% 42.0%
Return on equity 10.1% 11.5%
Return on assets 4.7% 6.4%
Return on invested capital 8.3% -3.5%
Return on capital employed – -3.0%
Asset turnover 0.2x 0.4x
Cash conversion (OCF / net income) 1.7x 2.6x
Stock comp / revenue 1.4% 0.7%

Financial Health

11 metrics
MetricPBADVN
Debt / assets 33.3% 16.1%
Debt / equity 0.7x 0.3x
Net debt / EBITDA 3.1x 4.1x
Debt / FCF 3.5x 7.7x
Liabilities / assets 52.9% 41.1%
Equity / assets 47.1% 58.9%
Interest coverage 4.6x -2.7x
Current ratio – 0.7x
Quick ratio – –
Cash ratio – –
Altman Z-score – 1.59

Shareholder Returns

7 metrics
MetricPBADVN
Dividend yield 5.7% 2.2%
Net buyback yield -0.7% 1.3%
Shareholder yield 5.0% 3.5%
Payout ratio (earnings) – 25.0%
Payout ratio (FCF) – 55.6%
Dividend growth (1Y) – 11.9%
Dividend CAGR (3Y) – -34.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPBADVN
Forward P/E 21.6xFY2026 9.1xFY2026
EPS, next fiscal year $2.33FY2026 $5.69FY2026
EPS growth, next FY +20.1%FY2026 +45.2%FY2026
EPS growth, the year after +0.4% -5.1%
Revenue, next fiscal year $6.58BFY2026 $24.57BFY2026
Revenue growth, next FY +16.3%FY2026 +42.9%FY2026
Revenue growth, the year after -6.2% +2.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPBADVN
Held by institutions – 92.2%
Institutions holding – 1,458
Change in shares held, QoQ – +86.7%
Institutions buying – 1,138
Institutions selling – 231
Buyers to sellers – 4.93

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PBADVN
PBA 1.00 0.53
DVN 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PBA and DVN?

Devon Energy (DVN) is the largest by market capitalisation: Pembina Pipeline (PBA) $29.04B, Devon Energy (DVN) $47.97B.

Which stock is cheaper, PBA and DVN?

Devon Energy (DVN) trades on the lowest price-to-earnings ratio (Pembina Pipeline (PBA) 18.4x, Devon Energy (DVN) 14.6x). On next year's consensus earnings, Devon Energy (DVN) is cheapest (Pembina Pipeline (PBA) 21.6x, Devon Energy (DVN) 9.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Devon Energy (DVN) grew revenue fastest over the trailing twelve months: Pembina Pipeline (PBA) +0.9%, Devon Energy (DVN) +18.1%.

Which company is more profitable?

Pembina Pipeline (PBA) has the highest net margin (Pembina Pipeline (PBA) 20.1%, Devon Energy (DVN) 16.1%). On return on invested capital, Pembina Pipeline (PBA) leads (Pembina Pipeline (PBA) 8.3%, Devon Energy (DVN) -3.5%).

Which stock has performed better?

Over the past year Devon Energy (DVN) returned the most: Pembina Pipeline (PBA) +32.3%, Devon Energy (DVN) +56.6%. Over five years, Pembina Pipeline (PBA) compounded fastest (Pembina Pipeline (PBA) +8.7%/yr, Devon Energy (DVN) +5.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Pembina Pipeline (PBA) 0.00%, Devon Energy (DVN) 0.02%. Pembina Pipeline (PBA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Pembina Pipeline (PBA) has been the steadiest (Pembina Pipeline (PBA) 20.3%, Devon Energy (DVN) 34.1%). Volatility measures how widely the price swings, not the risk of the business.

Do PBA and DVN move together?

Their daily returns over the past year have a correlation of 0.53, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, PBA and DVN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Pembina Pipeline (PBA) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.