
Enbridge Financial Ratios 2025-2009 | ENB
Brief overview of Enbridge 's multiples and efficiency
Ratios are assessed across five available annual reports in the 2021–2025 interval.
Market valuation is represented by P/E 56.92x (median 27.21x), EV/EBITDA 32.04x (median 20.75x), P/S 6.83x (median 1.82x). Valuation is 54.4% above five-year reference levels. The premium requires support from earnings and returns.
The inverse P/E implies an earnings yield of 1.8%. This is not a dividend yield, but current earnings relative to market price.
The latest available business-quality ratios are ROE 3.3%, ROA 0.9%, ROCE 4.4%. Profitability remains low. Market valuation has limited fundamental support until resource returns improve.
On PEG (3.44x), valuation is stretched relative to growth and requires strong execution.
The cash conversion cycle increased 42.9 days to 80.3 days, weakening working-capital efficiency.
Valuation takeaway
Enbridge 's profile looks stretched: price anticipates improvement that current quality ratios do not yet confirm.
Annual Financial Ratios Enbridge
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
56.9 | 156.4 | 11.3 | 27.2 | 13.8 | 18.3 | 14.6 | 21.9 | 19.6 | 18.7 | 116.8 | 28.6 | 53.4 | 47.6 | 27.8 | 17.3 | - |
P/S |
6.8 | 5.7 | 1.6 | 1.5 | 1.8 | 1.6 | 1.7 | 1.4 | 1.3 | 1.1 | 0.9 | 1.1 | 1.0 | 1.3 | 1.4 | 0.8 | - |
EPS |
0.9 | 0.2 | 2.8 | 1.3 | 2.9 | 1.5 | 2.6 | 1.5 | 1.7 | 1.9 | -0.0 | 1.4 | 0.6 | 0.8 | 1.1 | 1.3 | - |
EV (Enterprise Value) |
269 B | 241 B | 180 B | 197 B | 191 B | 160 B | 180 B | 160 B | 160 B | 100 B | 93.9 B | 95 B | 76.9 B | 69 B | 52.7 B | 16 B | -456 M |
EBITDA per Share |
3.85 | 3.53 | 6.45 | 4.69 | 5.76 | 5.78 | 5.99 | 5.91 | 6.1 | 6.8 | 5.11 | 5.77 | 3.39 | 3.64 | 3.77 | 3.16 | - |
EV/EBITDA |
32.0 | 31.7 | 13.6 | 20.8 | 16.3 | 6.1 | 12.2 | 12.5 | 13.0 | 12.6 | 16.2 | 15.6 | 21.3 | 19.1 | 15.5 | 6.8 | - |
PEG |
-16.17 | -25.98 | 3.44 | -5.63 | -4.34 | 5.23 | 0.25 | 31.03 | -1.32 | 0.03 | -1.41 | 0.24 | -43.96 | -1.19 | 18.1 | - | - |
P/B |
1.8 | 1.4 | 1.1 | 1.3 | 1.4 | 1.0 | 1.2 | 0.9 | 0.9 | 1.8 | 1.5 | 2.1 | 1.9 | 2.5 | 2.9 | - | - |
P/CF |
9.6 | 7.4 | 4.9 | 7.3 | 9.3 | 6.3 | 22.5 | 20.0 | -23.2 | -774.0 | -10.5 | -4.9 | -6.6 | -12.4 | 1270.6 | 8.7 | - |
ROE % |
3.30 | 0.90 | 10.07 | 5.01 | 9.77 | 5.23 | 8.22 | 3.92 | 4.35 | 9.42 | 1.24 | 7.47 | 3.59 | 5.20 | 10.36 | 10.37 | - |
ROA % |
0.94 | 0.27 | 3.43 | 1.67 | 3.67 | 2.10 | 3.49 | 1.73 | 1.76 | 2.43 | 0.30 | 1.93 | 1.09 | 1.52 | 2.92 | - | - |
ROCE % |
4.37 | 3.71 | 14.08 | 8.65 | 12.32 | 12.36 | 5.90 | 4.56 | 4.16 | 5.43 | 3.13 | 5.06 | 2.92 | 3.99 | 6.41 | 14.46 | - |
Current Ratio |
1.4 | 1.5 | 1.6 | 1.5 | 1.6 | 1.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.9 | 0.6 | 0.9 | 0.9 | - | - |
DSO |
80.4 | 73.9 | 25.0 | 19.0 | 17.1 | 19.3 | 38.1 | 37.7 | 44.2 | 40.4 | 58.6 | 39.8 | 46.7 | 44.0 | 45.2 | - | - |
DIO |
- | - | 31.9 | 22.0 | 20.4 | 25.0 | 13.8 | 15.0 | 17.5 | 17.1 | 14.9 | 13.5 | 14.4 | 13.5 | 18.2 | - | - |
DPO |
- | - | - | - | - | - | 0.2 | 9.4 | 1.8 | 1.7 | 0.6 | 5.8 | 4.5 | 2.1 | 3.8 | - | - |
Operating Cycle |
80.3 | 73.9 | 56.9 | 41.0 | 37.5 | 44.4 | 51.9 | 52.7 | 61.7 | 57.6 | 73.5 | 53.3 | 61.2 | 57.6 | 63.4 | - | - |
Cash Conversion Cycle |
80.3 | 73.9 | 56.9 | 41.0 | 37.5 | 44.4 | 51.7 | 43.3 | 59.9 | 55.9 | 72.9 | 47.5 | 56.7 | 55.4 | 59.6 | - | - |
All numbers in CAD currency
Quarterly Financial Ratios Enbridge
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
0.77 | - | - | - | - | - | - | 0.67 | - | - | - | - | - | - | - | 0.95 | 0.91 | 0.34 | 0.69 | 0.94 | 0.88 | 0.49 | 0.82 | -0.71 | 0.37 | 0.47 | 0.86 | 0.94 | 0.6 | -0.05 | 0.63 | 0.26 | - | 0.47 | 0.56 | 0.54 | - | - | 0.33 | - | - | - | 0.68 | - | - | - | 0.92 | - | - | - | 0.05 | - | - | 0.24 | 0.01 | - | - | -0.01 | 0.39 | - | 1.27 | - |
EBITDA per Share |
2.13 | - | - | - | - | - | - | 1.84 | - | - | - | - | - | - | - | 1.72 | 1.01 | 1.15 | 1.36 | 1.7 | 1.11 | 1.5 | 1.51 | 1.19 | 0.87 | 1.21 | 1.55 | 1.72 | 0.75 | 0.97 | 1.42 | 1.01 | -1.75 | 1.43 | 1.57 | 1.72 | 0.35 | - | 1.47 | - | - | - | 1.37 | - | - | - | 1.76 | - | - | - | 1 | - | - | - | 0.74 | - | - | - | - | - | 3.16 | - |
ROE % |
11.55 | 8.82 | 8.82 | 8.82 | 8.82 | 8.82 | 8.82 | 10.07 | 7.72 | 7.72 | 7.72 | 7.72 | 7.72 | 7.72 | 7.72 | 10.11 | 9.99 | 9.86 | 10.37 | 10.81 | 5.48 | 3.71 | 3.52 | 3.46 | 8.64 | 9.07 | 7.49 | 6.39 | 4.15 | 2.94 | 4.40 | 4.45 | 4.92 | 6.48 | 6.86 | 8.78 | 12.99 | 10.93 | 11.59 | 9.75 | 9.75 | 9.75 | 10.00 | 6.37 | 6.37 | 6.37 | 16.73 | 11.28 | 11.28 | 11.28 | 0.66 | - | - | - | 0.25 | - | - | - | - | - | 10.37 | - |
ROA % |
3.91 | 3.14 | 3.14 | 3.14 | 3.14 | 3.14 | 3.14 | 3.61 | 2.82 | 2.82 | 2.82 | 2.82 | 2.82 | 2.82 | 2.82 | 3.74 | 3.78 | 3.80 | 4.01 | 4.17 | 2.10 | 1.45 | 1.41 | 1.45 | 3.49 | 3.69 | 3.05 | 2.62 | 1.73 | 1.20 | 1.72 | 1.64 | 1.76 | 2.10 | 2.02 | 2.24 | 3.09 | 2.57 | 2.74 | 2.29 | 2.29 | 2.29 | 0.83 | - | - | - | 1.29 | - | - | - | 0.17 | - | - | - | - | - | - | - | - | - | - | - |
ROCE % |
16.48 | 11.51 | 11.51 | 11.51 | 11.51 | 11.51 | 11.51 | 13.75 | 9.53 | 9.53 | 9.53 | 9.53 | 9.53 | 9.53 | 9.53 | 12.46 | 12.50 | 12.79 | 13.97 | 14.46 | 12.97 | 11.98 | 10.97 | 11.01 | 12.51 | 12.01 | 10.83 | 9.63 | 6.93 | -0.34 | 0.99 | 1.63 | 2.70 | 9.33 | 10.70 | 11.58 | 16.33 | 14.80 | 18.50 | 14.57 | 14.57 | 14.57 | 16.69 | 12.92 | 12.92 | 12.92 | 27.38 | 20.29 | 20.29 | 20.29 | 3.70 | - | - | - | 2.12 | - | - | - | - | - | 14.46 | - |
Current Ratio |
1.4 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | - | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.4 | - | 1.4 | - | 1.4 | - | 1.4 | - | 1.4 | - | 1.5 | - | 1.5 | - | 1.5 | - | 1.4 | - | - | - | 1.4 | - | - | - | - | - |
DSO |
13.3 | - | - | - | - | - | - | 23.8 | - | - | - | - | - | - | - | 15.6 | 14.8 | 13.6 | 16.1 | 15.7 | 18.6 | 20.4 | 23.4 | 15.7 | 15.5 | 16.5 | 14.4 | 14.3 | 15.2 | 15.5 | 16.4 | 6.9 | - | - | - | - | - | 24.3 | 26.0 | 28.2 | - | - | 28.0 | - | - | - | 21.4 | - | - | - | 26.0 | - | - | - | - | - | - | - | - | - | - | - |
DIO |
- | - | - | - | - | - | - | 26.1 | - | - | - | - | - | - | - | 13.5 | - | 18.2 | 15.8 | 15.2 | - | 31.0 | 45.1 | 16.1 | - | 16.2 | 14.0 | 15.5 | - | 17.4 | 18.2 | 15.7 | - | 26.3 | 20.1 | 16.6 | - | - | 8.2 | - | - | - | 9.0 | - | - | - | 7.4 | - | - | - | 6.8 | - | - | - | - | - | - | - | - | - | - | - |
DPO |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.1 | 14.8 | 31.8 | 32.0 | 30.9 | 18.6 | 51.4 | 68.5 | 31.9 | 15.5 | 32.7 | 28.5 | 29.8 | 15.2 | 32.9 | 34.6 | 22.6 | - | 26.3 | 20.1 | 16.6 | - | 24.3 | 34.2 | 28.2 | - | - | 37.0 | - | - | - | 28.8 | - | - | - | 32.8 | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.1 | 14.8 | 31.8 | 32.0 | 30.9 | 18.6 | 51.4 | 68.5 | 31.9 | 15.5 | 32.7 | 28.5 | 29.8 | 15.2 | 32.9 | 34.6 | 22.6 | - | 26.3 | 20.1 | 14.7 | - | 24.3 | 34.2 | 28.2 | - | - | 37.0 | - | - | - | 28.8 | - | - | - | 32.8 | - | - | - | - | - | - | - | - | - | - | - |
All numbers in CAD currency
Multiples are an important financial analysis tool for the company Enbridge , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.