Enbridge (ENB)

Energy · Oil & Gas Midstream
$46.54 +1.09% on the day Market cap $104.6B 52-week range $45.03 to $58.45 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Enbridge's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from ENB's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability6
Growth0
Financial health1
Cash efficiency4

Key numbers

P/E (trailing)22.4x
P/E (forward)21.5x
Price / free cash flow23.1x
EV / EBITDA14.4x
Price / sales1.51x
Price / book2.40x
Revenue growth-55.7%
Operating margin18.3%
Net margin10.1%
Return on equity9.4%
Dividend yield8.0%
Debt / equity2.49x

Results from SEC filings

Fiscal years, from Enbridge's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$47.1B$53.3B$43.6B$53.5B$65.2B
Net income$6.2B$3.0B$6.2B$5.4B$7.5B
Free cash flow$1.4B$6.6B$9.5B$5.9B$3.3B
EPS (diluted)$2.87$1.28$2.84$2.34$3.22
Operating margin16.6%9.7%19.8%18.0%16.8%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Liquids Pipelines$45.9B72%
Gas Distribution and Storage$10.7B17%
Gas Transmission$6.7B10%
Renewable Power Generation$561M1%

Superinvestors who own ENB

From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Hersh Cohen
ClearBridge Investments
Trimmed $364M0.30%Q2 2026
Cliff Asness
AQR Capital Management
Added $39M0.01%Q2 2026
Mario Gabelli
GAMCO Investors
Trimmed $1M0.01%Q2 2026
Murray Stahl
Horizon Kinetics LLC
New position $258,9610.00%Q2 2026
Joel Greenblatt
Gotham Asset Management
Trimmed $220,5800.00%Q2 2026

Insider buying

Open-market purchases by Enbridge's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of ENB in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Enbridge insiders buying the stock?

No open-market insider purchases of ENB in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Enbridge?

5 of the superinvestors Investingly tracks hold ENB in their latest 13F, including Hersh Cohen, Cliff Asness, Mario Gabelli.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.