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Enbridge Inc (ENBRF) stock analysis

ENBRFOTCPipe Lines (No Natural Gas)Fiscal year ends December 31Also trades as EBBGF, EBBNF, EBGEF, EBRGF, EBRZF, ENB, ENBFF, ENBGF, ENBHF, ENBMF, ENBNF, ENBOF, ENBSF, ENFFF, ENNPF
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026Score 5/30
$17.75+0.00 (0.00%)

Close on Oct 19, 2026Market cap $106.89BP/E 26.4Yield 5.52%

StockData Score

Prices as of Nov 3, 2026How the score works

Value0Growth2Performance3Health0Dividend0

Weak5 of 30 checks passed

Enbridge passes 5 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
2/6
Past performance
3/6
Financial health
0/6
Dividend
0/6

What stands out

  • Earnings grew over 5 years

    Net income grew 17.4% a year on average over the last five fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 36.0% a year over the last three fiscal years.

  • Growing faster than the industry

    Revenue grew 29.5% over the last twelve months; the Industrials median is 12.2%.

  • Return on equity above the industry

    Enbridge's return on equity of 9.4% is above the Industrials median of 5.7%.

What to watch

  • Return on equity under 15%

    Return on equity was 9.4% over the last twelve months and averaged 9.1% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was 5.2%, below the 10% that usually covers the cost of capital.

  • High debt

    Debt is 172% of shareholders' equity, above the 40% we consider low.

  • Revenue growing under 10% a year

    Revenue grew 6.9% a year over the last three fiscal years, short of the 10% we look for.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew 6.9% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing 10%+ a year

    Diluted EPS grew 36.0% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew -7.6% over the last twelve months, against a 5-year average of 17.4% a year.

  • Growing faster than the industry

    Revenue grew 29.5% over the last twelve months; the Industrials median is 12.2%.

  • Guidance issued

    The latest outlook (2026 DCF per share, Jul 31, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin trend

    This company does not report gross profit.

Past performance3/6

  • Return on equity under 15%

    Return on equity was 9.4% over the last twelve months and averaged 9.1% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was 5.2%, below the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Enbridge's return on equity of 9.4% is above the Industrials median of 5.7%.

  • Earnings grew over 5 years

    Net income grew 17.4% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 7.3% over the last twelve months, against a 5-year average of 10.9%.

  • Net margin above the industry

    Enbridge's net margin of 7.3% is above the Industrials median of 2.4%.

Financial health0/6

  • High debt

    Debt is 172% of shareholders' equity, above the 40% we consider low.

  • Debt rising against equity

    Debt to equity rose from 109% five years ago to 172%.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals 11.1% of total debt; we look for at least 20%.

  • Interest not well covered

    Operating income covers interest expense 2.2 times; we look for at least 5.

  • Short-term assets don't cover short-term debts

    Current assets are 0.72 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    Enbridge has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Enbridge. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$195.87M
Value traded per 1% price move
$268.93M

Downside

Low risk

Typical loss in a bad month
9.7%
Volatility (annualized)
18%
Sharpe ratio, 1 year
0.03
Beta to the S&P 500 (5Y)
0.35

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

–

Operating margin

16.8%−3.5 pts over 5 years

Net margin

11.5%+2.9 pts over 5 years

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