ENBRIDGE INC (ENB) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:ENB • CA29250N1050

51.55 USD
+0.46 (+0.9%)
At close: Feb 11, 2026
51.83 USD
+0.28 (+0.54%)
Pre-Market: 2/12/2026, 4:00:00 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall ENB gets a fundamental rating of 4 out of 10. We evaluated ENB against 206 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of ENB while its profitability can be described as average. ENB is valied quite expensively at the moment, while it does show a decent growth rate. Finally ENB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year ENB was profitable.
  • In the past year ENB had a positive cash flow from operations.
  • In the past 5 years ENB has always been profitable.
  • Each year in the past 5 years ENB had a positive operating cash flow.
ENB Yearly Net Income VS EBIT VS OCF VS FCFENB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

1.2 Ratios

  • ENB has a Return On Assets (2.59%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 8.61%, ENB is in line with its industry, outperforming 56.31% of the companies in the same industry.
  • ENB has a Return On Invested Capital of 4.12%. This is in the lower half of the industry: ENB underperforms 61.16% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ENB is significantly below the industry average of 21.97%.
  • The 3 year average ROIC (3.99%) for ENB is below the current ROIC(4.12%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.59%
ROE 8.61%
ROIC 4.12%
ROA(3y)2.33%
ROA(5y)2.46%
ROE(3y)7.16%
ROE(5y)7.18%
ROIC(3y)3.99%
ROIC(5y)4.01%
ENB Yearly ROA, ROE, ROICENB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • ENB's Profit Margin of 8.74% is in line compared to the rest of the industry. ENB outperforms 54.85% of its industry peers.
  • In the last couple of years the Profit Margin of ENB has declined.
  • ENB's Operating Margin of 16.91% is in line compared to the rest of the industry. ENB outperforms 51.46% of its industry peers.
  • ENB's Operating Margin has improved in the last couple of years.
  • ENB has a Gross Margin of 41.11%. This is comparable to the rest of the industry: ENB outperforms 50.49% of its industry peers.
  • ENB's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 16.91%
PM (TTM) 8.74%
GM 41.11%
OM growth 3Y2.88%
OM growth 5Y2.35%
PM growth 3Y-8.55%
PM growth 5Y-2.33%
GM growth 3Y5.15%
GM growth 5Y4.19%
ENB Yearly Profit, Operating, Gross MarginsENB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ENB is destroying value.
  • The number of shares outstanding for ENB has been increased compared to 1 year ago.
  • The number of shares outstanding for ENB has been increased compared to 5 years ago.
  • Compared to 1 year ago, ENB has a worse debt to assets ratio.
ENB Yearly Shares OutstandingENB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
ENB Yearly Total Debt VS Total AssetsENB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B 200B

2.2 Solvency

  • ENB has an Altman-Z score of 0.92. This is a bad value and indicates that ENB is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.92, ENB is in line with its industry, outperforming 46.12% of the companies in the same industry.
  • ENB has a debt to FCF ratio of 25.58. This is a negative value and a sign of low solvency as ENB would need 25.58 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 25.58, ENB perfoms like the industry average, outperforming 44.66% of the companies in the same industry.
  • A Debt/Equity ratio of 1.56 is on the high side and indicates that ENB has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.56, ENB is doing worse than 74.27% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Altman-Z 0.92
ROIC/WACC0.67
WACC6.1%
ENB Yearly LT Debt VS Equity VS FCFENB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B 80B

2.3 Liquidity

  • ENB has a Current Ratio of 0.80. This is a bad value and indicates that ENB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ENB has a worse Current ratio (0.80) than 68.45% of its industry peers.
  • A Quick Ratio of 0.68 indicates that ENB may have some problems paying its short term obligations.
  • ENB has a worse Quick ratio (0.68) than 67.96% of its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.68
ENB Yearly Current Assets VS Current LiabilitesENB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.43% over the past year.
  • Measured over the past 5 years, ENB shows a small growth in Earnings Per Share. The EPS has been growing by 1.11% on average per year.
  • The Revenue has grown by 32.29% in the past year. This is a very strong growth!
  • Measured over the past years, ENB shows a small growth in Revenue. The Revenue has been growing by 1.32% on average per year.
EPS 1Y (TTM)7.43%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%-16.36%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%-1.63%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.06% on average over the next years.
  • The Revenue is expected to grow by 7.24% on average over the next years.
EPS Next Y4.67%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
EPS Next 5Y7.06%
Revenue Next Year34.15%
Revenue Next 2Y15.77%
Revenue Next 3Y11.41%
Revenue Next 5Y7.24%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ENB Yearly Revenue VS EstimatesENB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
ENB Yearly EPS VS EstimatesENB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4

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2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 24.20, ENB is valued on the expensive side.
  • ENB's Price/Earnings ratio is in line with the industry average.
  • ENB is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 22.48, ENB is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ENB is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. ENB is around the same levels.
Industry RankSector Rank
PE 24.2
Fwd PE 22.48
ENB Price Earnings VS Forward Price EarningsENB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 64.56% of the companies in the same industry are cheaper than ENB, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENB is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 37.61
EV/EBITDA 15.42
ENB Per share dataENB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)5.19
PEG (5Y)21.86
EPS Next 2Y5.39%
EPS Next 3Y6.44%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.61%, ENB is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.63, ENB pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, ENB pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.61%

5.2 History

  • The dividend of ENB has a limited annual growth rate of 4.10%.
  • ENB has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ENB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.1%
Div Incr Years24
Div Non Decr Years24
ENB Yearly Dividends per shareENB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • ENB pays out 152.61% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ENB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP152.61%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
ENB Yearly Income VS Free CF VS DividendENB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B
ENB Dividend Payout.ENB Dividend Payout, showing the Payout Ratio.ENB Dividend Payout.PayoutRetained Earnings

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ENBRIDGE INC

NYSE:ENB (2/11/2026, 8:19:21 PM)

Premarket: 51.83 +0.28 (+0.54%)

51.55

+0.46 (+0.9%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07
Earnings (Next)02-13
Inst Owners55.5%
Inst Owner Change-2.44%
Ins Owners0.05%
Ins Owner Change0%
Market Cap112.44B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target52.12 (1.11%)
Short Float %0.69%
Short Ratio3.67
Dividend
Industry RankSector Rank
Dividend Yield 5.61%
Yearly Dividend2.81
Dividend Growth(5Y)4.1%
DP152.61%
Div Incr Years24
Div Non Decr Years24
Ex-Date02-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.44%
Min EPS beat(2)-11.44%
Max EPS beat(2)12.31%
EPS beat(4)2
Avg EPS beat(4)1.65%
Min EPS beat(4)-11.44%
Max EPS beat(4)12.31%
EPS beat(8)3
Avg EPS beat(8)-0.05%
EPS beat(12)4
Avg EPS beat(12)-1.22%
EPS beat(16)5
Avg EPS beat(16)-1.89%
Revenue beat(2)2
Avg Revenue beat(2)13.23%
Min Revenue beat(2)1.89%
Max Revenue beat(2)24.58%
Revenue beat(4)4
Avg Revenue beat(4)40.96%
Min Revenue beat(4)1.89%
Max Revenue beat(4)108.58%
Revenue beat(8)7
Avg Revenue beat(8)46.34%
Revenue beat(12)7
Avg Revenue beat(12)26.28%
Revenue beat(16)10
Avg Revenue beat(16)20.58%
PT rev (1m)1.27%
PT rev (3m)4.95%
EPS NQ rev (1m)-0.47%
EPS NQ rev (3m)-1.55%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-2.87%
Revenue NQ rev (1m)0.38%
Revenue NQ rev (3m)6.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.94%
Valuation
Industry RankSector Rank
PE 24.2
Fwd PE 22.48
P/S 2.37
P/FCF 37.61
P/OCF 11.89
P/B 2.34
P/tB 6.04
EV/EBITDA 15.42
EPS(TTM)2.13
EY4.13%
EPS(NY)2.29
Fwd EY4.45%
FCF(TTM)1.37
FCFY2.66%
OCF(TTM)4.33
OCFY8.41%
SpS21.71
BVpS22.04
TBVpS8.53
PEG (NY)5.19
PEG (5Y)21.86
Graham Number32.5
Profitability
Industry RankSector Rank
ROA 2.59%
ROE 8.61%
ROCE 5.38%
ROIC 4.12%
ROICexc 4.14%
ROICexgc 5.17%
OM 16.91%
PM (TTM) 8.74%
GM 41.11%
FCFM 6.31%
ROA(3y)2.33%
ROA(5y)2.46%
ROE(3y)7.16%
ROE(5y)7.18%
ROIC(3y)3.99%
ROIC(5y)4.01%
ROICexc(3y)4.07%
ROICexc(5y)4.06%
ROICexgc(3y)5.22%
ROICexgc(5y)5.26%
ROCE(3y)5.22%
ROCE(5y)5.24%
ROICexgc growth 3Y-2.31%
ROICexgc growth 5Y-2.5%
ROICexc growth 3Y-1.04%
ROICexc growth 5Y-1.82%
OM growth 3Y2.88%
OM growth 5Y2.35%
PM growth 3Y-8.55%
PM growth 5Y-2.33%
GM growth 3Y5.15%
GM growth 5Y4.19%
F-Score5
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Debt/EBITDA 6.2
Cap/Depr 157.09%
Cap/Sales 13.65%
Interest Coverage 250
Cash Conversion 77.99%
Profit Quality 72.23%
Current Ratio 0.8
Quick Ratio 0.68
Altman-Z 0.92
F-Score5
WACC6.1%
ROIC/WACC0.67
Cap/Depr(3y)117.17%
Cap/Depr(5y)142.6%
Cap/Sales(3y)11.06%
Cap/Sales(5y)12.95%
Profit Quality(3y)173.15%
Profit Quality(5y)135.79%
High Growth Momentum
Growth
EPS 1Y (TTM)7.43%
EPS 3Y0.6%
EPS 5Y1.11%
EPS Q2Q%-16.36%
EPS Next Y4.67%
EPS Next 2Y5.39%
EPS Next 3Y6.44%
EPS Next 5Y7.06%
Revenue 1Y (TTM)32.29%
Revenue growth 3Y4.34%
Revenue growth 5Y1.32%
Sales Q2Q%-1.63%
Revenue Next Year34.15%
Revenue Next 2Y15.77%
Revenue Next 3Y11.41%
Revenue Next 5Y7.24%
EBIT growth 1Y13.39%
EBIT growth 3Y7.35%
EBIT growth 5Y3.7%
EBIT Next Year73.94%
EBIT Next 3Y24.05%
EBIT Next 5Y15.94%
FCF growth 1Y-55.29%
FCF growth 3Y69.56%
FCF growth 5Y8.88%
OCF growth 1Y-8.43%
OCF growth 3Y10.83%
OCF growth 5Y6.04%

ENBRIDGE INC / ENB FAQ

What is the fundamental rating for ENB stock?

ChartMill assigns a fundamental rating of 4 / 10 to ENB.


What is the valuation status for ENB stock?

ChartMill assigns a valuation rating of 2 / 10 to ENBRIDGE INC (ENB). This can be considered as Overvalued.


What is the profitability of ENB stock?

ENBRIDGE INC (ENB) has a profitability rating of 5 / 10.


What is the expected EPS growth for ENBRIDGE INC (ENB) stock?

The Earnings per Share (EPS) of ENBRIDGE INC (ENB) is expected to grow by 4.67% in the next year.


Is the dividend of ENBRIDGE INC sustainable?

The dividend rating of ENBRIDGE INC (ENB) is 7 / 10 and the dividend payout ratio is 152.61%.