COMPARE · Data as of August 27, 2026
PAGP vs PBA
Verdict: Side-by-side breakdown using the Bull Rankings model. PAGP scored 57.4, PBA scored 45.6 — PAGP leads.
Compare another set
Different reporting periods. PAGP's fundamentals are as of June 2026, but PBA's are as of December 2025 — a 6-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
PAGP
Plains GP Holdings, L.P.
57.4
$28.03 · $6.5B
fundamentals as of
Score gap
11.8
PAGP leads
PBA
Pembina Pipeline Corporation
45.6
$51.29 · $29.8B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestPBA27.4x
- Fastest growthPAGP+12.2%
- Strongest balance sheetPAGP0.56
- Highest qualityPBA68 / 100
- Largest discount to fair valuePAGP-85%
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
PAGP
stronger →← stronger
PBA
59
Qualityreturns · margins · balance sheet
68
50
Growthrevenue & earnings expansion
50
64
Valuevaluation vs sector peers
32
PAGP and PBA split the three pillars evenly.
Fundamentals, head-to-head
PAGP
PBA
$2.4bB
FCF
$1.4bC+
+12.2%B+
Rev
+5.3%C+
0.56B
D/E
0.82C+
80.1xD
P/E
27.4xC+
0.67A-
PEG
2.74C
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
PAGP
PBA
85% below
Price vs fair valuelower is cheaper
12% above
decline
Growth the price implies10-yr FCF · lower = less priced in
~5%/yr
+492%
1-yr DCF upside
-9%
+584%
5-yr DCF upside
-10%
+741%
10-yr DCF upside
-12%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
PAGP
Why this score
- Raising its dividend
- Cyclical growth
PBA
Why this score
- Cyclical growth
- Foreign reporter (CAD)
The companies
PAGPPlains GP Holdings, L.P.
Why now
Oil & Gas Midstream · market cap $6.5b. Trading near 52-week high of $28.28 — momentum setup, limited technical margin of safety. Revenue growing +12%, comfortably above the S&P median. PEG 0.67 — paying under fair value for the growth rate. 14 sell-side analysts rate this a Buy with a mean 1-yr target of $24.93 (implying -11% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Trailing P/E 80.1x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. Trading within 1% of the 52-week high — limited technical margin of safety; a momentum reversal would test conviction. Dividend payout 456% of earnings on a 5.8% yield — distribution coverage is thin; one earnings stumble could force a dividend cut.
PBAPembina Pipeline Corporation
Why now
Oil & Gas Midstream · market cap $29.8b. Trading near 52-week high of $51.56 — momentum setup, limited technical margin of safety.
Moat
Net margin 22% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 10% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. FCF converts 129% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Trading within 1% of the 52-week high — limited technical margin of safety; a momentum reversal would test conviction. Dividend payout 107% of earnings on a 4.0% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where PAGP and PBA diverge
On the headline score the gap is 11.8 points in favor of PAGP. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- ValuePAGP 64.2 · PBA 32.3PAGP +31.9
- QualityPAGP 58.8 · PBA 68.4PBA +9.6
- GrowthPAGP 50.0 · PBA 50.0level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.