Cenovus Energy (CVE) vs Pembina Pipeline (PBA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Cenovus Energy (CVE) has outperformed Pembina Pipeline (PBA) over the past year, gaining 78.0% versus a gain of 15.7%. Over five years, CVE leads with a +170.1% price change compared with +33.6% for PBA. Cenovus Energy is the larger company by market cap ($58.01 billion vs $27.47 billion), about 2.1 times the size.
On valuation, Cenovus Energy trades at a lower forward P/E (11.7x vs 21.0x for Pembina Pipeline). Pembina Pipeline offers the higher dividend yield (6.11% vs 2.61%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CVE | PBA |
|---|---|---|
| Share price | $31.46 | $47.24 |
| Market cap | $58.01B | $27.47B |
| 1-day change | -0.11% | +0.19% |
| YTD return | +86.11% | +23.88% |
| 1-year return | +78.01% | +15.68% |
| 5-year return | +170.07% | +33.63% |
| P/E ratio (TTM) | 12.10 | 23.04 |
| Forward P/E | 11.66 | 21.04 |
| EPS (TTM) | $2.60 | $2.05 |
| Dividend yield | 2.61% | 6.11% |
| Annual dividend | $0.82 | $2.89 |
| 52-week high | $34.16 | $51.58 |
| 52-week low | $15.63 | $36.20 |
| Distance from 52-week high | -7.92% | -8.41% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +17.66% | -1.12% |
| Average volume | 7.10M | 993.22K |
| Shares outstanding | 1.84B | 581.55M |
| Employees | 7,211 | 2,974 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Cenovus Energy is about 2.1 times larger than Pembina Pipeline by market value ($58.01B vs $27.47B).
- CVE has outperformed PBA by 62.3 percentage points over the past year.
- Pembina Pipeline trades at a higher earnings multiple (23.0x vs 12.1x trailing P/E).
- Pembina Pipeline offers a meaningfully higher dividend yield (6.11% vs 2.61%).
About Cenovus Energy
CVE stock →Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments.
Energy · Oil & Gas Production · 7,211 employees
About Pembina Pipeline
PBA stock →Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures.
Energy · Oil & Gas Production · 2,974 employees
CVE vs PBA FAQ
Which is bigger, Cenovus Energy or Pembina Pipeline?
Cenovus Energy (CVE) is larger, with a market capitalization of $58.01B compared with $27.47B for Pembina Pipeline (PBA).
Which stock has performed better over the past year, CVE or PBA?
CVE returned +78.01% over the past 12 months, compared with +15.68% for PBA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVE or PBA?
CVE has the lower trailing P/E at 12.1, versus 23.0 for PBA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Cenovus Energy or Pembina Pipeline?
Pembina Pipeline has the higher yield at 6.11%, compared with 2.61% for Cenovus Energy.
Are Cenovus Energy and Pembina Pipeline in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.