Enbridge Inc. (ENB) is a publicly traded company in the Energy — Oil & Gas Midstream industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
Is Enbridge Inc. stock overvalued or undervalued in 2026?
Enbridge Inc. (ENB) trades at 22.9× earnings (P/E), above the median of the 140 energy companies over $2bn in Kaplio's universe. At the decade median (19.5×) $41 (-15 %); at its sector median (17.3×) $37 (-25 %).
Kaplio overview: Enbridge Inc.
Market cap $108B · 52 weeks $45 – $58 (14 % below the high) · P/E 22.9× · 2027 expected P/E 21.4× · Dividend 5.6 % · 11 years rising · Next earnings November 6, 2026 · expected EPS $0.37 · Closing price, Oct 28 · accounts published Jul 31.
- Valuation: P/E 22.9× (fairly priced).
- Business: 5-year ROIC 3.5 % (weak).
- Balance sheet: Net debt/EBITDA 7.1× (fragile).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (19.5×) $41 (-15 %); at its sector median (17.3×) $37 (-25 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in energy: 4 of 8 pass
- FCF yield 2.5 %, fails.
- 5y avg ROIC 3.5 %, fails.
- Dividend coverage (FCF / div) 0.4×, fails.
- Net debt / EBITDA 7.1×, fails.
- Positive FCF through the cycle 8 de 10 ejercicios, passes, near the threshold.
- Capex / Revenue 14.1 %, passes.
- P/E read in reverse (cyclicals) 22.9×, passes.
- EV/EBITDA vs own 10y 13.0×, passes.
Against its peers (reference peers) — Enbridge Inc.: P/E 22.9×; EV/EBITDA 13.0×; ROIC 4.9 %; $108B. The Williams Companies, Inc. (P/E 29.5×; EV/EBITDA 15.8×; ROIC 6.6 %; $90.8B), Enterprise Products Partners L.P. (P/E 13.2×; EV/EBITDA 11.2×; ROIC 11.3 %; $82.2B), Kinder Morgan, Inc. (P/E 20.7×; EV/EBITDA 13.9×; ROIC 5.8 %; $74.8B).
Expensive or cheap against its last ten years?
P/E at each close: today 22.9× · median 19.5× · minimum 12.9× · maximum 27.7× · cheap below 17.3× · expensive above 23.3×. It has been cheaper than today 79% of the time over its last ten years.
Dividend
fragile · Yield 5.6 % ($2.82 per ADS in 2025) · Years raising it ≥ 11 · 5-year growth +3 % a year · Free cash flow coverage 0.8× · With $1,000 invested today you'd collect $56.00 a year ($4.67 a month).
Investor methods verdict
Would Buffett approve Enbridge today?
The Buffett Method would not approve Enbridge today: it fails its quality rules. Business quality: 40 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Would Peter Lynch approve Enbridge today?
The Lynch Method would not approve Enbridge today: it fails its quality rules. Business quality: 20 out of 100 (price not included). Lynch classifies it as a cyclical. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 10.01% |
| Return on Invested Capital | 4.90% |
| Return on Assets | 3.06% |
| Gross Margin | 28.16% |
| Operating Margin | 13.80% |
| Net Margin | 7.28% |
Financial Health
| Debt / Equity | 1.72 |
| Current Ratio | 0.72 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 0.59 |
Price Performance
| 1 month | +4.07% |
| 3 months | -10.85% |
| Year-to-date | +1.51% |
| 1 year | +4.03% |
| 3 years | +52.39% |
| 5 years | +15.98% |
| 10 years | +12.46% |
Dividend History
Paid in the last 12 months: $2.7853 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-14 | $0.6992 |
| 2026-05-15 | $0.7054 |
| 2026-02-17 | $0.7088 |
| 2025-11-14 | $0.6719 |
| 2025-08-15 | $0.6825 |
| 2025-05-15 | $0.6737 |
| 2025-02-14 | $0.6653 |
| 2024-11-15 | $0.6499 |
| 2024-08-15 | $0.6678 |
| 2024-05-14 | $0.6712 |
Amounts adjusted for stock splits.
Related companies: WMB · EPD · KMI · MPLX · OKE · TRGP · TRP.TO · PPL.TO
Explore sector: Energy · Oil & Gas Midstream
More sections of ENB: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks