Pembina Pipeline Corporation (PBA) vs Tenaris S.A. (TS)

A side-by-side comparison of Pembina Pipeline Corporation and Tenaris S.A. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 28, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnPBA vs TS

growth of $100 · dividends reinvested · last 10y
PBA +177.2% (+10.7%/yr)TS +159.6% (+10.0%/yr)PBA compounded faster over this window
100200300Start $10020182020202220242026$277$260
PBA TS

PBA vs TS: by the numbers

  • TS is the larger company ($28.96B vs $27.91B market cap).
  • TS trades at the lower trailing earnings multiple (14.84 vs 23.85 P/E), one valuation lens rather than an overall verdict.
  • PBA converts more revenue to profit (22.54% vs 15.89% net margin).
  • TS grew revenue faster over the past five years (19.93% vs 0.33% CAGR).
  • PBA pays the higher dividend yield (4.29% vs 1.07%).

Metrics side by side

Valuation

MetricPBATS
P/E ratio23.8514.84
Forward P/E15.2414.34
P/S ratio4.962.28
P/B ratio2.341.62
EV / EBITDA14.299.55
FCF yield5.27%6.32%

Profitability

MetricPBATS
Gross margin39.62%33.90%
Operating margin34.04%18.55%
Net margin22.54%15.89%
ROE10.66%11.27%
ROIC6.05%9.69%

Dividends

MetricPBATS
Dividend yield4.29%1.07%
Payout ratio107.09%15.59%

Growth (annualized)

MetricPBATS
Revenue CAGR (5Y)0.33%19.93%
EPS CAGR (5Y)N/A19.77%
FCF CAGR (5Y)2.92%34.13%
Total return CAGR (5Y)15.23%25.70%

Frequently asked

Which has the lower trailing P/E, PBA or TS?
TS has the lower trailing P/E: PBA trades at 23.85 and TS at 14.84. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, PBA or TS?
Over the past five years, TS grew revenue faster — PBA at a 0.33% CAGR versus TS at 19.93%.
Does PBA or TS pay a bigger dividend?
PBA yields 4.29% and TS yields 1.07% based on trailing dividends and the latest price.
Is PBA or TS more profitable?
PBA runs the higher net margin — PBA at 22.54% versus TS at 15.89%.
How have PBA and TS total returns compared?
Over the past 10 years, PBA delivered 10.69% and TS delivered 10.18% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 28, 2026.