Stocktoria

Enbridge Inc. ENB.TO

CA · Toronto Stock Exchange · XTSE · stock · Energy · website

Enbridge Inc. statistics & valuation

Market capC$156.1B
P / E20.8×
P / S2.4×
P / B2.5×
P / FCF50.3×
Net margin11.5%
FCF margin4.8%
Net debtC$104.2B
Enterprise value USD$187.1B
Earnings yield EBIT/EV4.4%
Return on capital5.8%
Graham number -36.4%C$45.47

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$45.47); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.60% 14.20% 10.20% 11.50% 2022202320242025
Gross margin (%)
30.80% 40.50% 36.00% 33.00% 2022202320242025
Operating margin (%)
15.40% 20.80% 18.40% 17.70% 2022202320242025
Return on equity (%)
5.00% 10.10% 8.30% 12.00% 2022202320242025
Shares outstanding
2.18B 2.18B 2.18B 2.18B 2022202320242025
Net debt (C$)
C$80.12B C$75.30B C$100.04B C$104.16B 2022202320242025
Share buybacks (C$)
C$1.15B C$125.0M C$0 C$0 2022202320242025
Return on assets (%)
1.70% 3.40% 2.50% 3.40% 2022202320242025
Free cash flow margin (%)
12.00% 21.40% 10.60% 4.80% 2022202320242025
Debt / equity (×)
1.35× 1.32× 1.55× 1.69× 2022202320242025
EPS (C$)
C$1.28 C$2.84 C$2.34 C$3.22 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Enbridge Inc. trades at about 22.2× earnings — below its 10-year norm (10-year range 16.8×–42.6×, median 26.9×).

16.8× 42.6×

Shaded band = 10-year range (16.8×–42.6×); dot = today's 22.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin33.0%36.0%40.5%30.8%
Operating margin17.7%18.4%20.8%15.4%
Net margin11.5%10.2%14.2%5.6%
FCF margin4.8%10.6%21.4%12.0%
Return on assets3.4%2.5%3.4%1.7%
Return on equity12.0%8.3%10.1%5.0%
Debt / equity1.59×1.42×1.22×1.22×
Current ratio0.630.550.830.60

Computed from company filings · CA · as of 2025-12-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.