ENBRIDGE INC (ENB) Fundamental Analysis & Valuation
NYSE:ENB • CA29250N1050
54.06 USD
+0.18 (+0.33%)
At close: Mar 6, 2026
54 USD
-0.06 (-0.11%)
After Hours: 3/6/2026, 8:14:10 PM
This ENB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall ENB gets a fundamental rating of 4 out of 10. We evaluated ENB against 207 industry peers in the Oil, Gas & Consumable Fuels industry. While ENB is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, ENB is valued expensive at the moment. Finally ENB also has an excellent dividend rating.
1. ENB Profitability Analysis
1.1 Basic Checks
- ENB had positive earnings in the past year.
- ENB had a positive operating cash flow in the past year.
- Each year in the past 5 years ENB has been profitable.
- ENB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- ENB's Return On Assets of 3.24% is in line compared to the rest of the industry. ENB outperforms 50.72% of its industry peers.
- ENB has a Return On Equity of 11.35%. This is in the better half of the industry: ENB outperforms 66.18% of its industry peers.
- With a Return On Invested Capital value of 4.46%, ENB is not doing good in the industry: 60.39% of the companies in the same industry are doing better.
- The Average Return On Invested Capital over the past 3 years for ENB is significantly below the industry average of 22.17%.
- The 3 year average ROIC (4.22%) for ENB is below the current ROIC(4.46%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 11.35% | ||
| ROIC | 4.46% |
ROA(3y)2.93%
ROA(5y)2.73%
ROE(3y)9.5%
ROE(5y)8.48%
ROIC(3y)4.22%
ROIC(5y)4.15%
1.3 Margins
- Looking at the Profit Margin, with a value of 10.85%, ENB is in line with its industry, outperforming 58.94% of the companies in the same industry.
- In the last couple of years the Profit Margin of ENB has grown nicely.
- ENB has a Operating Margin (17.37%) which is comparable to the rest of the industry.
- ENB's Operating Margin has declined in the last couple of years.
- ENB has a Gross Margin (41.37%) which is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of ENB has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.37% | ||
| PM (TTM) | 10.85% | ||
| GM | 41.37% |
OM growth 3Y3.99%
OM growth 5Y-2.63%
PM growth 3Y30.72%
PM growth 5Y7.29%
GM growth 3Y1.93%
GM growth 5Y-2.35%
2. ENB Health Analysis
2.1 Basic Checks
- ENB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- ENB has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for ENB has been increased compared to 5 years ago.
- The debt/assets ratio for ENB is higher compared to a year ago.
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.
- ENB has a Altman-Z score (0.91) which is comparable to the rest of the industry.
- ENB has a debt to FCF ratio of 33.90. This is a negative value and a sign of low solvency as ENB would need 33.90 years to pay back of all of its debts.
- ENB has a Debt to FCF ratio (33.90) which is comparable to the rest of the industry.
- ENB has a Debt/Equity ratio of 1.61. This is a high value indicating a heavy dependency on external financing.
- ENB has a worse Debt to Equity ratio (1.61) than 74.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 33.9 | ||
| Altman-Z | 0.91 |
ROIC/WACC0.71
WACC6.26%
2.3 Liquidity
- ENB has a Current Ratio of 0.63. 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's Current ratio of 0.63 is on the low side compared to the rest of the industry. ENB is outperformed by 77.78% of its industry peers.
- A Quick Ratio of 0.55 indicates that ENB may have some problems paying its short term obligations.
- ENB's Quick ratio of 0.55 is on the low side compared to the rest of the industry. ENB is outperformed by 75.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.55 |
3. ENB Growth Analysis
3.1 Past
- ENB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.86%.
- Measured over the past 5 years, ENB shows a small growth in Earnings Per Share. The EPS has been growing by 4.44% on average per year.
- Looking at the last year, ENB shows a very strong growth in Revenue. The Revenue has grown by 21.92%.
- Measured over the past years, ENB shows a quite strong growth in Revenue. The Revenue has been growing by 10.77% on average per year.
EPS 1Y (TTM)7.86%
EPS 3Y2.43%
EPS 5Y4.44%
EPS Q2Q%17.33%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%
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 5.83% on average per year.
- ENB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.12% yearly.
EPS Next Y2.97%
EPS Next 2Y5.74%
EPS Next 3Y8.03%
EPS Next 5Y5.83%
Revenue Next Year-1.15%
Revenue Next 2Y0.83%
Revenue Next 3Y0.21%
Revenue Next 5Y1.12%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. ENB Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 24.35, ENB is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of ENB is on the same level as its industry peers.
- The average S&P500 Price/Earnings ratio is at 26.29. ENB is around the same levels.
- Based on the Price/Forward Earnings ratio of 23.68, the valuation of ENB can be described as rather expensive.
- 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 24.57, ENB is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.35 | ||
| Fwd PE | 23.68 |
4.2 Price Multiples
- 64.25% of the companies in the same industry are cheaper than ENB, based on the Enterprise Value to EBITDA ratio.
- ENB's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.75 | ||
| EV/EBITDA | 15.49 |
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)8.2
PEG (5Y)5.48
EPS Next 2Y5.74%
EPS Next 3Y8.03%
5. ENB Dividend Analysis
5.1 Amount
- ENB has a Yearly Dividend Yield of 6.74%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.39, ENB pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, ENB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.74% |
5.2 History
- The dividend of ENB has a limited annual growth rate of 2.95%.
- ENB has paid a dividend for at least 10 years, which is a reliable track record.
- ENB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.95%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
- ENB pays out 122.16% of its income as dividend. This is not a sustainable payout ratio.
- ENB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP122.16%
EPS Next 2Y5.74%
EPS Next 3Y8.03%
ENB Fundamentals: All Metrics, Ratios and Statistics
54.06
+0.18 (+0.33%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13 2026-02-13/bmo
Earnings (Next)05-07 2026-05-07/bmo
Inst Owners53.53%
Inst Owner Change-1.01%
Ins Owners0.05%
Ins Owner Change0%
Market Cap117.95B
Revenue(TTM)65.19B
Net Income(TTM)7.07B
Analysts70
Price Target53.75 (-0.57%)
Short Float %1.32%
Short Ratio5.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.74% |
Yearly Dividend2.9
Dividend Growth(5Y)2.95%
DP122.16%
Div Incr Years24
Div Non Decr Years24
Ex-Date02-17 2026-02-17 (0.97)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.59%
Min EPS beat(2)-11.44%
Max EPS beat(2)12.62%
EPS beat(4)3
Avg EPS beat(4)4.97%
Min EPS beat(4)-11.44%
Max EPS beat(4)12.62%
EPS beat(8)4
Avg EPS beat(8)2.41%
EPS beat(12)5
Avg EPS beat(12)1.05%
EPS beat(16)6
Avg EPS beat(16)-0.39%
Revenue beat(2)2
Avg Revenue beat(2)1.4%
Min Revenue beat(2)0.91%
Max Revenue beat(2)1.89%
Revenue beat(4)4
Avg Revenue beat(4)14.04%
Min Revenue beat(4)0.91%
Max Revenue beat(4)28.78%
Revenue beat(8)8
Avg Revenue beat(8)48.45%
Revenue beat(12)8
Avg Revenue beat(12)26.69%
Revenue beat(16)10
Avg Revenue beat(16)20.02%
PT rev (1m)4.88%
PT rev (3m)7.46%
EPS NQ rev (1m)1.21%
EPS NQ rev (3m)-4.55%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.14%
Revenue NQ rev (1m)-6.52%
Revenue NQ rev (3m)-7.7%
Revenue NY rev (1m)-1.18%
Revenue NY rev (3m)6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.35 | ||
| Fwd PE | 23.68 | ||
| P/S | 2.46 | ||
| P/FCF | 51.75 | ||
| P/OCF | 13.1 | ||
| P/B | 2.58 | ||
| P/tB | 6.97 | ||
| EV/EBITDA | 15.49 |
EPS(TTM)2.22
EY4.11%
EPS(NY)2.28
Fwd EY4.22%
FCF(TTM)1.04
FCFY1.93%
OCF(TTM)4.13
OCFY7.64%
SpS21.93
BVpS20.97
TBVpS7.76
PEG (NY)8.2
PEG (5Y)5.48
Graham Number32.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 11.35% | ||
| ROCE | 5.73% | ||
| ROIC | 4.46% | ||
| ROICexc | 4.49% | ||
| ROICexgc | 5.6% | ||
| OM | 17.37% | ||
| PM (TTM) | 10.85% | ||
| GM | 41.37% | ||
| FCFM | 4.76% |
ROA(3y)2.93%
ROA(5y)2.73%
ROE(3y)9.5%
ROE(5y)8.48%
ROIC(3y)4.22%
ROIC(5y)4.15%
ROICexc(3y)4.29%
ROICexc(5y)4.2%
ROICexgc(3y)5.45%
ROICexgc(5y)5.39%
ROCE(3y)5.41%
ROCE(5y)5.33%
ROICexgc growth 3Y2.49%
ROICexgc growth 5Y0.68%
ROICexc growth 3Y3.74%
ROICexc growth 5Y1.66%
OM growth 3Y3.99%
OM growth 5Y-2.63%
PM growth 3Y30.72%
PM growth 5Y7.29%
GM growth 3Y1.93%
GM growth 5Y-2.35%
F-Score6
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 33.9 | ||
| Debt/EBITDA | 5.9 | ||
| Cap/Depr | 161.9% | ||
| Cap/Sales | 14.06% | ||
| Interest Coverage | 2.3 | ||
| Cash Conversion | 72.25% | ||
| Profit Quality | 43.91% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 0.91 |
F-Score6
WACC6.26%
ROIC/WACC0.71
Cap/Depr(3y)133.91%
Cap/Depr(5y)144.7%
Cap/Sales(3y)12.73%
Cap/Sales(5y)12.89%
Profit Quality(3y)105.27%
Profit Quality(5y)116.67%
High Growth Momentum
Growth
EPS 1Y (TTM)7.86%
EPS 3Y2.43%
EPS 5Y4.44%
EPS Q2Q%17.33%
EPS Next Y2.97%
EPS Next 2Y5.74%
EPS Next 3Y8.03%
EPS Next 5Y5.83%
Revenue 1Y (TTM)21.92%
Revenue growth 3Y6.94%
Revenue growth 5Y10.77%
Sales Q2Q%5.92%
Revenue Next Year-1.15%
Revenue Next 2Y0.83%
Revenue Next 3Y0.21%
Revenue Next 5Y1.12%
EBIT growth 1Y15.61%
EBIT growth 3Y11.21%
EBIT growth 5Y7.86%
EBIT Next Year52.52%
EBIT Next 3Y19.59%
EBIT Next 5Y13.07%
FCF growth 1Y-45.24%
FCF growth 3Y-21.46%
FCF growth 5Y-5.69%
OCF growth 1Y-2.62%
OCF growth 3Y3%
OCF growth 5Y4.64%
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 2.97% 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 122.16%.