Enbridge (ENB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Enbridge

NYSE•Energy•Oil & Gas Midstream

$50.09-0.43(-0.01%)Market closed

Market Cap

$106.47B

P/E

17.4x

P/S

1.3x

P/B

1.6x

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. This segment also provides physical commodity marketing and logistical services, and crude oil marketing services. The Gas Transmission segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

How this company scores

AverageMetricSide Score: 49/100

Strongest: Growth (18/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability10/25

Growth18/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality11/25

Strengths

Growing revenueConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.4x5y range 12.4x – 27.6x

Currently near its 20-quarter median.

P/S · 1.3x5y range 1.3x – 1.9x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.0x – 1.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 14.6% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.7x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $106.47B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $83.49B
Q. Revenue: $29.32B
TTM EBITDA: $11.13B
TTM Op. Income: $11.13B
Q. Op. Income: $2.91B
TTM Net Income: $6.13B
Q. Net Income: $1.50B
EPS: $0.64
Shares Out.: $2.18B

$83.49B in TTM revenue grew 29.5% YoY, reaching $29.32B last quarter. TTM EBITDA of $11.13B and TTM operating income of $11.13B show growth is flowing through to the bottom line. TTM net income of $6.13B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 9.9%
Op. Margin: 9.9%
Net Margin: 5.1%

Op. margin of 9.9% is down 5.5% YoY — costs are rising relative to revenue. Net margin at 5.1% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.4x
P/S Ratio: 1.3x
P/B Ratio: 1.6x

At 17.4x P/E, the stock trades within typical market levels. P/S of 1.3x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $231.65B
Cash: $2.01B
Long-Term Debt: $103.85B
Book Value: $68.11B
D/E Ratio: 1.5
Debt/EBITDA: 35.7

With $231.65B in assets and $103.85B in long-term debt, D/E is 1.5and book value is $68.11B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 7 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $4.11B
TTM Free Cash Flow: $1.67B
FCF Margin: 2.0%
FCF / Net Income: 0.3

TTM FCF of $1.67B on $4.11B in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.