Question 1

What is Enbridge's P/E ratio?

Accepted Answer

Enbridge (ENB) P/E ratio is 22.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Enbridge?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Enbridge specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

Is Enbridge's P/E ratio high or low?

Accepted Answer

Enbridge's P/E ratio of 22.5× is above its own 5-year average of 21.3× and above the sector median of 17.8×. That places the current reading at the 70th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Enbridge's historical P/E ratio range?

Accepted Answer

In the available daily series, Enbridge (ENB) P/E ratio has ranged from a low of 7.1× in 2009 to a high of 6189.4× in 2015. The 5-year average is 21.3× and the 5-year median is 19.9×.

Question 7

What was Enbridge's P/E ratio in 2025?

Accepted Answer

Enbridge (ENB) P/E ratio at the end of 2025 was 19.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Enbridge's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$104B	$5.35B	19.5×	-3.7×	Dec 31, 2025
2024	$92.4B	$3.99B	23.2×	+6.5×	Dec 31, 2024
2023	$76.5B	$4.58B	16.7×	-16.4×	Dec 31, 2023
2022	$79.2B	$2.39B	33.1×	+17.1×	Dec 31, 2022
2021	$79.2B	$4.94B	16.0×	-9.7×	Dec 31, 2021
2020	$64.7B	$2.51B	25.7×	+7.0×	Dec 31, 2020
2019	$80.3B	$4.29B	18.7×	-9.5×	Dec 31, 2019
2018	$62.7B	$2.22B	28.2×	-1.8×	Dec 31, 2018
2017	$65.9B	$2.19B	30.0×	+4.6×	Dec 31, 2017
2016	$39B	$1.54B	25.4×	-113.4×	Dec 31, 2016
2015	$28.3B	$204M	138.8×	+105.0×	Dec 31, 2015
2014	$43.2B	$1.28B	33.8×	-24.2×	Dec 31, 2014
2013	$35.8B	$617M	58.0×	+10.2×	Dec 31, 2013
2012	$33.9B	$709M	47.8×	+20.1×	Dec 31, 2012
2011	$28.2B	$1.02B	27.7×	+5.3×	Dec 31, 2011
2010	$21.2B	$943M	22.4×	+9.9×	Dec 31, 2010
2009	$17B	$1.35B	12.6×	+3.3×	Dec 31, 2009
2008	$11.8B	$1.27B	9.3×	-12.2×	Dec 31, 2008
2007	$14.2B	$662M	21.5×	-0.6×	Dec 31, 2007
2006	$12.1B	$548M	22.1×	-1.4×	Dec 31, 2006
2005	$10.9B	$466M	23.4×	-12.1×	Dec 31, 2005
2004	$17.2B	$485M	35.5×	+7.0×	Dec 31, 2004
2003	$14.2B	$499M	28.6×	+5.6×	Dec 31, 2003
2002	$8.94B	$390M	22.9×	—	Dec 31, 2002


Diamondback Energy (FANG)	138.8×
Texas Pacific Land (TPL)	65.0×
Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
ConocoPhillips (COP)	22.1×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Halliburton (HAL)	17.7×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×

P/E Ratio for Enbridge (ENB) 2002-2026

P/E Ratio daily chart for Enbridge (ENB)

Historical P/E Ratio for Enbridge (ENB) from 2002 to 2025

About P/E Ratio at Enbridge (ENB)

Enbridge P/E Ratio by Year

Enbridge P/E Ratio 2025: 19.5×

Enbridge P/E Ratio 2024: 23.2×

Enbridge P/E Ratio 2023: 16.7×

Enbridge P/E Ratio 2022: 33.1×

Enbridge P/E Ratio 2021: 16.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Enbridge (ENB) Key Financials