# Enbridge Inc. (ENB.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$69.32, market value C$151.4 billion.

## Valuation
- **P/E (trailing): 26.8×** (5-yr avg 20.8×, 3-yr avg 19.4×). Enbridge Inc. trades at 26.8× trailing earnings, well above its own five-year average of 20.8×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 21.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.56**. A PEG of 0.56 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.8×**. Enterprise value is 11.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.5%** (5-yr avg 5.7%). Free cash flow equals 1.5% of the market value, below its five-year average of 5.7%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.7%**. The inverse of the P/E: 3.7% of the price is earned each year.

## Profitability
- **Operating margin: 18.7%**. 18.7% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 11.5%**. 11.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.0%**. 12.0% on shareholders' equity is solid.
- **Return on invested capital: 6.6%**. Return on all capital, debt included, is 6.6%.
- **Return on assets: 3.2%**. Each dollar of assets produces 3.2% of profit.

## Growth
- **Revenue growth (1 yr): 21.5%** (3-yr 6.8%/yr, 5-yr 10.9%/yr). Revenue grew 21.5% over the last year, against 10.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 38.5%** (3-yr 36.3%/yr, 5-yr 17.0%/yr). Earnings per share rose 38.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -14.7%/yr**. Free cash flow has compounded at -14.7% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 1.71**. Debt is 1.71 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 4.8×**. It would take 4.8 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.3×**. Operating profit covers interest 2.3×, thin but manageable.
- **Current ratio: 0.63** (quick 0.55). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.42**. A Z-score of 1.42 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.60%** (C$3.83 per share, trailing). Enbridge Inc. yields 5.60%, an income-level yield.
- **Payout ratio: 115%** (427% of free cash flow). The dividend exceeds earnings (115% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 3.1%/yr** (1-yr 3.1%). The dividend has grown 3.1% a year over five years.

## Analyst view
- **Analyst consensus: buy** (21 analysts). 21 analysts cover Enbridge Inc.; the consensus is buy, with an average price target of C$79.81 (+15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 8.4%** (YTD 8.3%, 3-mo -11.7%). The shares are up 8.4% over twelve months including dividends.
- **From 52-week high: -14.0%** (11.1% above the low). Trading 14% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 36**. An RSI of 36 is neutral.
- **Beta (1 yr): 0.07** (volatility 17%). Beta of 0.07 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ENB.TO · Page: https://foliofundamentals.com/stocks/enb.to

Not investment advice.