PBA vs KMI vs ENB Stock Comparison

Pembina Pipeline, Kinder Morgan and Enbridge 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
KMI Kinder Morgan, Inc.
$33.94 +10.4% 1M +31.2% 1Y
Market cap
$75.50B
P/E
21.0x
Revenue (TTM)
$18.34B
Div. yield
0.03%
Oil and Gas Pipelines Energy
2 wins
ENB Enbridge Inc
$48.26 +3.3% 1M +2.9% 1Y
Market cap
$105.74B
P/E
25.6x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
4 wins

Head to Head

12 decided of 12

Pembina Pipeline leads on 6 of the 12 questions below (Pembina Pipeline 6, Enbridge 4, Kinder Morgan 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPBAKMIENBLeader
Larger companyMarket capitalisation $29.04B $75.50B $105.74B ENB
Cheaper on earningsLower P/E, profitable companies only 18.4x 21.0x 25.6x PBA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.6x 20.8x 24.0x KMI
Faster revenue growthRevenue growth, trailing twelve months +0.9% +11.7% +31.0% ENB
More profitableNet margin, trailing twelve months 20.1% 19.6% 6.8% PBA
Better return on capitalReturn on invested capital 8.3% 6.3% 5.0% PBA
Less leveragedLower net debt / EBITDA 3.1x 4.1x 6.4x PBA
Higher dividend yieldTrailing dividend yield 0.00% 0.03% 0.06% ENB
Better 1-year returnPrice return, last 12 months +32.3% +31.2% +2.9% PBA
Better 5-year returnAnnualised price return, 5 years +8.7%/yr +14.4%/yr +2.7%/yr KMI
Less volatileAnnualised volatility, 1 year 20.3% 21.2% 18.6% ENB
Higher overall scoreMean of the five percentile scores vs peers 57/100 44/100 31/100 PBA

Percentile Scorecard

PBAKMIENB

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

AxisPBAKMIENB
Valuation 79 #8 of 35 32 #24 of 35 24 #27 of 35
Growth 21 #27 of 34 67 #12 of 34 39 #21 of 34
Profitability 55 #16 of 34 52 #17 of 34 24 #26 of 34
Financial Health 88 #5 of 35 47 #19 of 35 21 #28 of 35
Shareholder Returns 40 #19 of 31 23 #24 of 31 47 #17 of 31
Overall 57 44 31
  • PBA ranked among 35 companies in Oil and Gas Midstream
  • KMI ranked among 35 companies in Oil and Gas Midstream
  • ENB 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

PeriodPBAKMIENBSPY
1 month +12.7%+10.4%+3.3% -0.8%
3 months +0.8%+6.9%-12.8% +3.5%
6 months +16.1%+9.7%-8.0% +7.0%
Year to date +32.2%+23.5%+0.9% +12.2%
1 year +32.3%+31.2%+2.9% +13.0%
3 years +65.4%+107.3%+53.7% +86.3%
3 years, per year +18.3%+27.5%+15.4% +23.1%
5 years +51.6%+96.2%+14.5% +68.6%
5 years, per year +8.7%+14.4%+2.7% +11.0%
10 years +61.8%+57.9%+10.7% +258.0%
10 years, per year +4.9%+4.7%+1.0% +13.6%

Risk

MeasurePBAKMIENBSPY
Volatility, 1Y 20.3%21.2%18.6% 12.7%
Downside volatility, 1Y 20.9%20.6%19.5% 12.7%
Beta vs S&P 500, 1Y -0.23-0.22-0.16 1.00
Return / volatility, 1Y 1.591.470.15 1.02
Max drawdown, 5Y -32.6%-20.4%-34.0% -25.4%
From 52-week high -2.0%-1.5%-16.9% -1.8%
52-week high $51.38$34.44$58.04 $779.14
52-week low $36.52$25.84$45.23 $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.

MultiplePBAKMIENB
P/E now vs peer median 18.5xmedian 21.0x 21.0xmedian 21.0x 25.6xmedian 21.0x
P/S now vs peer median 3.7xmedian 2.7x 4.1xmedian 2.7x 1.7xmedian 2.7x
EV/EBITDA now vs peer median 10.8xmedian 11.0x 13.8xmedian 11.0x 15.0xmedian 11.0x
P/FCF now vs peer median 8.4xmedian 16.6x 24.5xmedian 16.6x 87.3xmedian 16.6x
P/B now vs peer median 1.7xmedian 2.6x 2.3xmedian 2.6x 2.2xmedian 2.6x
PEG now vs peer median —median 1.92 1.55median 1.92 2.51median 1.92

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 monthsPBAKMIENB
Revenue $7.84B $18.34B $60.45B
Gross profit $3.30B $12.18B $22.34B
Operating income $2.83B $5.31B $8.06B
Net income $1.71B $3.71B $4.58B
Free cash flow $3.49B $3.08B $1.21B
EPS (diluted) $2.71 $1.62 $1.88
Cash & equivalents $153.00M $918.00M $1.42B
Total debt $12.08B $33.07B $78.92B
Shares (diluted) 582.00M 2.23B 2.19B
Enterprise value $28.48B $74.35B $101.34B

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
MetricPBAKMIENB
P/E 18.5x 21.0x 25.6x
P/FCF 8.4x 24.5x 87.3x
P/Operating cash flow 10.1x 11.2x 11.7x
P/S 3.7x 4.1x 1.7x
P/B 1.7x 2.3x 2.2x
P/Tangible book 1.7x 2.4x 2.3x
EV/EBITDA 10.8x 13.8x 15.0x
EV/EBIT 14.6x 20.3x 22.7x
EV/Revenue 5.3x 5.9x 3.0x
EV/FCF 11.8x 35.0x 151.6x
EV/Operating cash flow 14.2x 16.0x 20.3x
PEG (3Y EPS CAGR) – 1.55 2.51

Growth

14 metrics
MetricPBAKMIENB
Revenue growth (1Y) 0.9% 11.7% 31.0%
Revenue CAGR (3Y) – 4.9% 19.5%
Gross profit growth (1Y) 0.9% 9.8% 8.0%
Gross profit CAGR (3Y) – 5.7% 5.1%
Operating income growth (1Y) 27.9% 18.9% 6.2%
Operating income CAGR (3Y) – 7.6% 19.8%
Net income growth (1Y) -3.9% 30.8% -6.9%
Net income CAGR (3Y) – 13.1% 13.7%
EPS growth (1Y) -3.0% 31.9% -7.5%
EPS CAGR (3Y) – 13.5% 10.2%
Operating cash flow growth (1Y) -16.0% 17.4% -2.9%
Operating cash flow CAGR (3Y) – 6.5% -2.6%
Free cash flow growth (1Y) -14.7% 11.8% -67.2%
Free cash flow CAGR (3Y) – -3.3% -42.0%

Profitability

14 metrics
MetricPBAKMIENB
Gross margin 42.1% 66.4% 36.9%
EBITDA margin 48.5% 42.6% 20.2%
Operating margin 36.1% 29.0% 13.3%
Pretax margin 28.2% 25.8% 9.6%
Net margin 20.1% 19.6% 6.8%
FCF margin 44.5% 16.8% 2.0%
Operating cash flow margin 37.0% 36.7% 14.9%
Return on equity 10.1% 11.3% 9.5%
Return on assets 4.7% 5.0% 2.8%
Return on invested capital 8.3% 6.3% 5.0%
Return on capital employed – 7.6% 5.5%
Asset turnover 0.2x 0.2x 0.4x
Cash conversion (OCF / net income) 1.7x 1.8x 2.0x
Stock comp / revenue 1.4% – –

Financial Health

11 metrics
MetricPBAKMIENB
Debt / assets 33.3% 43.9% 48.4%
Debt / equity 0.7x 1.0x 1.6x
Net debt / EBITDA 3.1x 4.1x 6.4x
Debt / FCF 3.5x 10.7x 65.4x
Liabilities / assets 52.9% 56.5% 70.6%
Equity / assets 47.1% 43.5% 29.4%
Interest coverage 4.6x – 2.2x
Current ratio – 0.7x 0.7x
Quick ratio – 0.2x 0.5x
Cash ratio – 0.2x 0.1x
Altman Z-score – 1.34 0.93

Shareholder Returns

7 metrics
MetricPBAKMIENB
Dividend yield 5.7% 3.5% 8.0%
Net buyback yield -0.7% – 0.0%
Shareholder yield 5.0% 3.5% 8.0%
Payout ratio (earnings) – 71.2% 132.1%
Payout ratio (FCF) – 85.6% 500.8%
Dividend growth (1Y) – 1.8% 4.2%
Dividend CAGR (3Y) – 1.5% 4.6%

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.

ConsensusPBAKMIENB
Forward P/E 21.6xFY2026 20.8xFY2026 24.0xFY2026
EPS, next fiscal year $2.33FY2026 $1.63FY2026 $2.01FY2026
EPS growth, next FY +20.1%FY2026 +25.4%FY2026 -8.6%FY2026
EPS growth, the year after +0.4% -11.0% +13.9%
Revenue, next fiscal year $6.58BFY2026 $17.89BFY2026 $61.75BFY2026
Revenue growth, next FY +16.3%FY2026 +5.6%FY2026 +30.1%FY2026
Revenue growth, the year after -6.2% +0.4% -14.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPBAKMIENB
Held by institutions – 69.3% 48.7%
Institutions holding – 1,811 1,501
Change in shares held, QoQ – +3.3% +2.0%
Institutions buying – 898 660
Institutions selling – 647 503
Buyers to sellers – 1.39 1.31

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.

PBAKMIENB
PBA 1.00 0.61 0.70
KMI 0.61 1.00 0.59
ENB 0.70 0.59 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PBA, KMI and ENB?

Enbridge (ENB) is the largest by market capitalisation: Pembina Pipeline (PBA) $29.04B, Kinder Morgan (KMI) $75.50B, Enbridge (ENB) $105.74B.

Which stock is cheaper, PBA, KMI and ENB?

Pembina Pipeline (PBA) trades on the lowest price-to-earnings ratio (Pembina Pipeline (PBA) 18.4x, Kinder Morgan (KMI) 21.0x, Enbridge (ENB) 25.6x). On next year's consensus earnings, Kinder Morgan (KMI) is cheapest (Pembina Pipeline (PBA) 21.6x, Kinder Morgan (KMI) 20.8x, Enbridge (ENB) 24.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enbridge (ENB) grew revenue fastest over the trailing twelve months: Pembina Pipeline (PBA) +0.9%, Kinder Morgan (KMI) +11.7%, Enbridge (ENB) +31.0%.

Which company is more profitable?

Pembina Pipeline (PBA) has the highest net margin (Pembina Pipeline (PBA) 20.1%, Kinder Morgan (KMI) 19.6%, Enbridge (ENB) 6.8%). On return on invested capital, Pembina Pipeline (PBA) leads (Pembina Pipeline (PBA) 8.3%, Kinder Morgan (KMI) 6.3%, Enbridge (ENB) 5.0%).

Which stock has performed better?

Over the past year Pembina Pipeline (PBA) returned the most: Pembina Pipeline (PBA) +32.3%, Kinder Morgan (KMI) +31.2%, Enbridge (ENB) +2.9%. Over five years, Kinder Morgan (KMI) compounded fastest (Pembina Pipeline (PBA) +8.7%/yr, Kinder Morgan (KMI) +14.4%/yr, Enbridge (ENB) +2.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enbridge (ENB) has the highest dividend yield: Pembina Pipeline (PBA) 0.00%, Kinder Morgan (KMI) 0.03%, Enbridge (ENB) 0.06%. Pembina Pipeline (PBA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enbridge (ENB) has been the steadiest (Pembina Pipeline (PBA) 20.3%, Kinder Morgan (KMI) 21.2%, Enbridge (ENB) 18.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PBA, KMI and ENB?

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.