P/E ratio for Enbridge (ENB)
P/E ratio as of May 2024 (TTM): 26.3
According to Enbridge's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.2737. 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 |
|---|---|---|
| 2022 | 38.8 | 125.69% |
| 2021 | 17.2 | -37.91% |
| 2020 | 27.7 | 39.15% |
| 2019 | 19.9 | -29.8% |
| 2018 | 28.3 | -6.96% |
| 2017 | 30.5 | 10.27% |
| 2016 | 27.6 | -102.87% |
| 2015 | -963 | -2522.46% |
| 2014 | 39.7 | -50.22% |
| 2013 | 79.8 | 44.88% |
| 2012 | 55.1 | 97.28% |
| 2011 | 27.9 | 23.86% |
| 2010 | 22.6 | 80.83% |
| 2009 | 12.5 | 33% |
| 2008 | 9.38 | -56.51% |
| 2007 | 21.6 | -0.75% |
| 2006 | 21.7 | -22.76% |
| 2005 | 28.1 | -2.81% |
| 2004 | 28.9 | -0.23% |
| 2003 | 29.0 | 35.43% |
| 2002 | 21.4 | -15.85% |
| 2001 | 25.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Hess HES | 30.1 | 14.55% | 🇺🇸 USA |
 Imperial Oil
IMO | 10.5 | -60.19% | 🇨🇦 Canada |
 TC Energy
TRP | 55.9 | 112.78% | 🇨🇦 Canada |
 Sea (Garena) SE | 150 | 470.53% | 🇸🇬 Singapore |
 Enterprise Products EPD | 11.5 | -56.04% | 🇺🇸 USA |
 Cenovus Energy
CVE | 12.5 | -52.54% | 🇨🇦 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.