Enbridge
ENB
#229
Rank
$74.74 B
Marketcap
$35.12
Share price
-0.71%
Change (1 day)
-5.72%
Change (1 year)
Enbridge is a Canadian company that operates the world's largest crude oil and liquid pipeline system in Canada and the United States.

P/E ratio for Enbridge (ENB)

P/E ratio as of June 2024 (TTM): 25.3

According to Enbridge's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.2802. At the end of 2022 the company had a P/E ratio of 38.8.

P/E ratio history for Enbridge from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202238.8125.69%
202117.2-37.91%
202027.739.15%
201919.9-29.8%
201828.3-6.96%
201730.510.27%
201627.6-102.87%
2015-963-2522.46%
201439.7-50.22%
201379.844.88%
201255.197.28%
201127.923.86%
201022.680.83%
200912.533%
20089.38-56.51%
200721.6-0.75%
200621.7-22.76%
200528.1-2.81%
200428.9-0.23%
200329.035.43%
200221.4-15.85%
200125.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
27.7 9.48%๐Ÿ‡บ๐Ÿ‡ธ USA
9.74-61.48%๐Ÿ‡จ๐Ÿ‡ฆ Canada
55.6 120.12%๐Ÿ‡จ๐Ÿ‡ฆ Canada
156 518.85%๐Ÿ‡ธ๐Ÿ‡ฌ Singapore
11.4-54.78%๐Ÿ‡บ๐Ÿ‡ธ USA
11.5-54.47%๐Ÿ‡จ๐Ÿ‡ฆ 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.