PBA vs EPD vs TRP Stock Comparison

Pembina Pipeline, Enterprise Products Partners and Tc Energy Prices as of Oct 28, 2026 Peers: Industry group
PBA Pembina Pipeline Corp
$50.06 +11.1% 1M +31.5% 1Y
Market cap
$29.09B
P/E
18.4x
Revenue (TTM)
$7.84B
Div. yield
5.75%
Oil and Gas Pipelines Energy
1 win
TRP Tc Energy Corp
$63.12 +7.5% 1M +24.2% 1Y
Market cap
$65.70B
P/E
26.7x
Revenue (TTM)
$11.24B
Div. yield
5.53%
Oil and Gas Pipelines Energy
4 wins

Head to Head

12 decided of 12

Enterprise Products Partners leads on 7 of the 12 questions below (Enterprise Products Partners 7, Tc Energy 4, Pembina Pipeline 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPBAEPDTRPLeader
Larger companyMarket capitalisation $29.09B $82.23B $65.70B EPD
Cheaper on earningsLower P/E, profitable companies only 18.4x 13.1x 26.7x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.5x 13.3x 24.9x EPD
Faster revenue growthRevenue growth, trailing twelve months +0.9% +6.8% -1.0% EPD
More profitableNet margin, trailing twelve months 20.1% 10.8% 21.9% TRP
Better return on capitalReturn on invested capital 8.3% 12.2% 12.4% TRP
Less leveragedLower net debt / EBITDA 3.1x 3.2x 1.2x TRP
Higher dividend yieldTrailing dividend yield 5.75% 5.79% 5.53% EPD
Better 1-year returnPrice return, last 12 months +31.5% +22.0% +24.2% PBA
Better 5-year returnAnnualised price return, 5 years +8.6%/yr +10.9%/yr +3.1%/yr EPD
Less volatileAnnualised volatility, 1 year 20.3% 18.6% 19.7% EPD
Higher overall scoreMean of the five percentile scores vs peers 58/100 45/100 66/100 TRP

Percentile Scorecard

PBAEPDTRP

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

AxisPBAEPDTRP
Valuation 79 #8 of 35 53 #17 of 35 77 #9 of 35
Growth 21 #27 of 34 24 #26 of 34 33 #23 of 34
Profitability 55 #16 of 34 49 #18 of 34 97 #2 of 34
Financial Health 88 #5 of 35 62 #14 of 35 91 #4 of 35
Shareholder Returns 47 #17 of 31 40 #19 of 31 33 #21 of 31
Overall 58 45 66
  • PBA ranked among 35 companies in Oil and Gas Midstream
  • EPD ranked among 35 companies in Oil and Gas Midstream
  • TRP ranked among 35 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodPBAEPDTRPSPY
1 month +11.1%+3.7%+7.5% +0.9%
3 months -0.7%-1.6%-6.2% +5.9%
6 months +10.9%-1.8%-1.3% +8.5%
Year to date +31.5%+18.8%+14.7% +13.3%
1 year +31.5%+22.0%+24.2% +12.4%
3 years +64.5%+40.6%+86.6% +88.1%
3 years, per year +18.1%+12.0%+23.1% +23.5%
5 years +51.3%+67.9%+16.7% +68.2%
5 years, per year +8.6%+10.9%+3.1% +11.0%
10 years +61.3%+48.9%+39.0% +263.4%
10 years, per year +4.9%+4.1%+3.3% +13.8%

Risk

MeasurePBAEPDTRPSPY
Volatility, 1Y 20.3%18.6%19.7% 12.7%
Downside volatility, 1Y 20.8%18.0%18.6% 12.7%
Beta vs S&P 500, 1Y -0.23-0.31-0.06 1.00
Return / volatility, 1Y 1.551.181.23 0.98
Max drawdown, 5Y -32.6%-19.5%-44.3% -25.4%
From 52-week high -2.6%-4.3%-11.0% -0.9%
52-week high $51.38$39.80$70.91 $779.14
52-week low $36.52$30.22$49.79 $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.

MultiplePBAEPDTRP
P/E now vs peer median 18.4xmedian 19.6x 13.1xmedian 19.6x 26.7xmedian 19.6x
P/S now vs peer median 3.7xmedian 2.7x 1.4xmedian 2.7x 5.8xmedian 2.7x
EV/EBITDA now vs peer median 10.8xmedian 10.9x 11.2xmedian 10.9x 8.6xmedian 10.9x
P/FCF now vs peer median 8.3xmedian 16.6x 23.8xmedian 16.6x 6.8xmedian 16.6x
P/B now vs peer median 1.7xmedian 2.5x 2.6xmedian 2.5x 3.4xmedian 2.5x
PEG now vs peer median —median 1.72 2.46median 1.72 0.56median 1.72

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 monthsPBAEPDTRP
Revenue $7.84B $58.47B $11.24B
Gross profit $3.30B – $11.08B
Operating income $2.83B $7.85B $6.82B
Net income $1.71B $6.37B $2.94B
Free cash flow $3.49B $3.46B $9.65B
EPS (diluted) $2.71 $2.89 $2.37
Cash & equivalents $153.00M $246.00M $1.46B
Total debt $12.08B $33.23B $11.91B
Shares (diluted) 582.00M 2.19B 1.04B
Enterprise value $28.54B $80.66B $68.62B

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
MetricPBAEPDTRP
P/E 18.4x 13.1x 26.7x
P/FCF 8.3x 23.8x 6.8x
P/Operating cash flow 10.0x 9.3x 10.6x
P/S 3.7x 1.4x 5.8x
P/B 1.7x 2.6x 3.4x
P/Tangible book 1.7x 3.0x 3.4x
EV/EBITDA 10.8x 11.2x 8.6x
EV/EBIT 14.5x 14.7x 11.2x
EV/Revenue 5.2x 2.0x 6.8x
EV/FCF 11.8x 33.3x 7.9x
EV/Operating cash flow 14.1x 13.0x 12.3x
PEG (3Y EPS CAGR) – 2.46 0.56

Growth

14 metrics
MetricPBAEPDTRP
Revenue growth (1Y) 0.9% 6.8% -1.0%
Revenue CAGR (3Y) – 3.8% –
Gross profit growth (1Y) 0.9% – -1.1%
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 27.9% 7.5% -10.0%
Operating income CAGR (3Y) – 5.0% –
Net income growth (1Y) -3.9% 7.5% -17.9%
Net income CAGR (3Y) – 4.7% 52.5%
EPS growth (1Y) -3.0% 7.7% -19.4%
EPS CAGR (3Y) – 5.3% 47.4%
Operating cash flow growth (1Y) -16.0% 0.6% 14.6%
Operating cash flow CAGR (3Y) – 6.9% 4.4%
Free cash flow growth (1Y) -14.7% -17.8% -1.1%
Free cash flow CAGR (3Y) – -9.0% -5.1%

Profitability

14 metrics
MetricPBAEPDTRP
Gross margin 42.1% – 98.5%
EBITDA margin 48.5% 17.6% 78.8%
Operating margin 36.1% 13.4% 60.7%
Pretax margin 28.2% 10.9% 34.9%
Net margin 20.1% 10.8% 21.9%
FCF margin 44.5% 5.9% 85.9%
Operating cash flow margin 37.0% 15.2% 55.2%
Return on equity 10.1% 20.7% 12.6%
Return on assets 4.7% 7.8% –
Return on invested capital 8.3% 12.2% 12.4%
Return on capital employed – 12.3% –
Asset turnover 0.2x 0.7x –
Cash conversion (OCF / net income) 1.7x 1.4x 2.1x
Stock comp / revenue 1.4% – 0.0%

Financial Health

11 metrics
MetricPBAEPDTRP
Debt / assets 33.3% 40.6% –
Debt / equity 0.7x 1.1x 0.6x
Net debt / EBITDA 3.1x 3.2x 1.2x
Debt / FCF 3.5x 9.6x 1.2x
Liabilities / assets 52.9% 62.0% –
Equity / assets 47.1% 38.0% –
Interest coverage 4.6x 5.2x 2.8x
Current ratio – 0.9x –
Quick ratio – 0.6x –
Cash ratio – 0.0x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricPBAEPDTRP
Dividend yield 5.8% 5.8% 5.5%
Net buyback yield -0.7% 0.5% -0.1%
Shareholder yield 5.1% 6.3% 5.4%
Payout ratio (earnings) – 74.4% 87.7%
Payout ratio (FCF) – 136.9% 26.7%
Dividend growth (1Y) – 3.1% 3.8%
Dividend CAGR (3Y) – 4.1% -8.5%

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.

ConsensusPBAEPDTRP
Forward P/E 21.5xFY2026 13.3xFY2026 24.9xFY2026
EPS, next fiscal year $2.33FY2026 $2.87FY2026 $2.54FY2026
EPS growth, next FY +20.1%FY2026 +7.9%FY2026 -0.8%FY2026
EPS growth, the year after +0.4% +17.1% +15.0%
Revenue, next fiscal year $6.58BFY2026 $66.68BFY2026 $10.85BFY2026
Revenue growth, next FY +16.3%FY2026 +26.8%FY2026 -2.2%FY2026
Revenue growth, the year after -6.2% +2.5% +4.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPBAEPDTRP
Held by institutions – 24.8% 65.7%
Institutions holding – 1,581 696
Change in shares held, QoQ – +0.8% -5.0%
Institutions buying – 670 328
Institutions selling – 435 216
Buyers to sellers – 1.54 1.52

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.

PBAEPDTRP
PBA 1.00 0.57 0.70
EPD 0.57 1.00 0.48
TRP 0.70 0.48 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PBA, EPD and TRP?

Enterprise Products Partners (EPD) is the largest by market capitalisation: Pembina Pipeline (PBA) $29.09B, Enterprise Products Partners (EPD) $82.23B, Tc Energy (TRP) $65.70B.

Which stock is cheaper, PBA, EPD and TRP?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (Pembina Pipeline (PBA) 18.4x, Enterprise Products Partners (EPD) 13.1x, Tc Energy (TRP) 26.7x). On next year's consensus earnings, Enterprise Products Partners (EPD) is cheapest (Pembina Pipeline (PBA) 21.5x, Enterprise Products Partners (EPD) 13.3x, Tc Energy (TRP) 24.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enterprise Products Partners (EPD) grew revenue fastest over the trailing twelve months: Pembina Pipeline (PBA) +0.9%, Enterprise Products Partners (EPD) +6.8%, Tc Energy (TRP) -1.0%.

Which company is more profitable?

Tc Energy (TRP) has the highest net margin (Pembina Pipeline (PBA) 20.1%, Enterprise Products Partners (EPD) 10.8%, Tc Energy (TRP) 21.9%). On return on invested capital, Tc Energy (TRP) leads (Pembina Pipeline (PBA) 8.3%, Enterprise Products Partners (EPD) 12.2%, Tc Energy (TRP) 12.4%).

Which stock has performed better?

Over the past year Pembina Pipeline (PBA) returned the most: Pembina Pipeline (PBA) +31.5%, Enterprise Products Partners (EPD) +22.0%, Tc Energy (TRP) +24.2%. Over five years, Enterprise Products Partners (EPD) compounded fastest (Pembina Pipeline (PBA) +8.6%/yr, Enterprise Products Partners (EPD) +10.9%/yr, Tc Energy (TRP) +3.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enterprise Products Partners (EPD) has the highest dividend yield: Pembina Pipeline (PBA) 5.75%, Enterprise Products Partners (EPD) 5.79%, Tc Energy (TRP) 5.53%.

Which stock is riskier?

By one-year price volatility, Enterprise Products Partners (EPD) has been the steadiest (Pembina Pipeline (PBA) 20.3%, Enterprise Products Partners (EPD) 18.6%, Tc Energy (TRP) 19.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PBA, EPD and TRP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enterprise Products Partners (EPD) leads on 7. 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.