ENBRIDGE INC (ENB) Stock Fundamental Analysis

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

50.32 USD
-0.17 (-0.34%)
At close: Feb 6, 2026
50.2 USD
-0.12 (-0.24%)
Pre-Market: 2/9/2026, 8:00:02 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. ENB has a medium profitability rating, but doesn't score so well on its financial health evaluation. ENB is quite expensive at the moment. 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

  • ENB had positive earnings in the past year.
  • In the past year ENB had a positive cash flow from operations.
  • ENB had positive earnings in each of the past 5 years.
  • 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's Return On Assets of 2.59% is in line compared to the rest of the industry. ENB outperforms 46.12% of its industry peers.
  • ENB has a Return On Equity (8.61%) which is comparable to the rest of the industry.
  • ENB's Return On Invested Capital of 4.12% is on the low side compared to the rest of the industry. ENB is outperformed by 61.65% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ENB is significantly below the industry average of 22.02%.
  • The last Return On Invested Capital (4.12%) for ENB is above the 3 year average (3.99%), which is a sign of increasing profitability.
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 has a Profit Margin (8.74%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of ENB has declined.
  • ENB has a Operating Margin of 16.91%. This is comparable to the rest of the industry: ENB outperforms 51.46% of its industry peers.
  • In the last couple of years the Operating Margin of ENB has grown nicely.
  • ENB has a Gross Margin (41.11%) which is comparable to the rest of the industry.
  • 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.
  • Compared to 5 years ago, ENB has more shares outstanding
  • 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 0.91. This is a bad value and indicates that ENB is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of ENB (0.91) is comparable to the rest of the 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.
  • The Debt to FCF ratio of ENB (25.58) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.56 is on the high side and indicates that ENB has dependencies on debt financing.
  • The Debt to Equity ratio of ENB (1.56) is worse than 74.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 25.58
Altman-Z 0.91
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

  • A Current Ratio of 0.80 indicates that ENB may have some problems paying its short term obligations.
  • ENB has a Current ratio of 0.80. This is in the lower half of the industry: ENB underperforms 68.93% of its industry peers.
  • ENB has a Quick 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 Quick ratio of 0.68. This is in the lower half of the industry: ENB underperforms 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.
  • The Earnings Per Share has been growing slightly by 1.11% on average over the past years.
  • 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

  • Based on estimates for the next years, ENB will show a small growth in Earnings Per Share. The EPS will grow by 7.06% on average per year.
  • Based on estimates for the next years, ENB will show a small growth in Revenue. The Revenue will grow by 7.24% on average per year.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.85 indicates a rather expensive valuation of ENB.
  • Compared to the rest of the industry, the Price/Earnings ratio of ENB is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 27.93, ENB is valued at the same level.
  • ENB is valuated rather expensively with a Price/Forward Earnings ratio of 22.11.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ENB.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.77, ENB is valued a bit cheaper.
Industry RankSector Rank
PE 23.85
Fwd PE 22.11
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

  • Based on the Enterprise Value to EBITDA ratio, ENB is valued a bit more expensive than the industry average as 65.05% of the companies are valued more cheaply.
  • ENB's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 37
EV/EBITDA 15.27
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)5.11
PEG (5Y)21.54
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.
  • ENB's Dividend Yield is a higher than the industry average which is at 3.64.
  • Compared to an average S&P500 Dividend Yield of 1.81, 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 paid a dividend for at least 10 years, which is a reliable track record.
  • ENB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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

  • 152.61% of the earnings are spent on dividend by ENB. 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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Find the best dividend stocksShow peers with best dividend

ENBRIDGE INC

NYSE:ENB (2/6/2026, 8:04:00 PM)

Premarket: 50.2 -0.12 (-0.24%)

50.32

-0.17 (-0.34%)

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 Cap109.76B
Revenue(TTM)64.23B
Net Income(TTM)5.61B
Analysts72.14
Price Target52.12 (3.58%)
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 23.85
Fwd PE 22.11
P/S 2.34
P/FCF 37
P/OCF 11.7
P/B 2.3
P/tB 5.94
EV/EBITDA 15.27
EPS(TTM)2.11
EY4.19%
EPS(NY)2.28
Fwd EY4.52%
FCF(TTM)1.36
FCFY2.7%
OCF(TTM)4.3
OCFY8.55%
SpS21.55
BVpS21.87
TBVpS8.47
PEG (NY)5.11
PEG (5Y)21.54
Graham Number32.22
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 0.91
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%.