ENB P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
ENB's p/e ratio is lower than 65% of the last 10 years.
P/E ratio History
ENB P/E ratio by year
Yearly range of ENB’s p/e ratio from 2016 to 2026. Over the full period it ranged from 12.8 to 49.1, averaging 26.9.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 19.5 | 23.5 | 27.8 | 23.0 |
| 2025 | 20.4 | 24.7 | 27.8 | 20.4 |
| 2024 | 16.0 | 18.9 | 26.1 | 26.1 |
| 2023 | 24.0 | 35.1 | 45.3 | 32.5 |
| 2022 | 16.9 | 19.7 | 23.2 | 18.9 |
| 2021 | 14.4 | 19.2 | 29.8 | 16.8 |
| 2020 | 12.8 | 33.8 | 42.9 | 26.0 |
| 2019 | 16.3 | 24.0 | 36.2 | 19.2 |
| 2018 | 23.4 | 33.0 | 46.3 | 31.0 |
| 2017 | 23.2 | 34.8 | 49.1 | 26.3 |
| 2016 | 25.8 | 29.5 | 39.2 | 27.3 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is ENB P/E ratio High or Low Right Now?
Enbridge Inc.'s P/E ratio is currently 23.0, which is below average relative to its 10-year historical range. The 10-year median P/E ratio for ENB is approximately 25.0. See all ENB valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.