P/E ratio for Enbridge (ENB)
P/E ratio as of June 2023 (TTM): 18.7
According to Enbridge's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.6832. At the end of 2016 the company had a P/E ratio of 27.6.
P/E ratio history for Enbridge from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2016 | 27.6 | -102.87% |
| 2015 | -963 | |
| 2012 | 54.4 | 95.32% |
| 2011 | 27.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Hess HES | 19.6 | 4.97% | 🇺🇸 USA |
 Imperial Oil
IMO | 5.70 | -69.52% | 🇨🇦 Canada |
 TC Energy
TRP | 34.2 | 83.15% | 🇨🇦 Canada |
 Sea (Garena) SE | -20.7 | -210.58% | 🇸🇬 Singapore |
 Enterprise Products EPD | 10.2 | -45.30% | 🇺🇸 USA |
 Cenovus Energy
CVE | 8.38 | -55.17% | 🇨🇦 Canada |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.