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Enbridge (LTS:0KTI) Cyclically Adjusted PB Ratio : 2.12 (As of Jun. 02, 2025)


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What is Enbridge Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Enbridge's current share price is C$63.35. Enbridge's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$29.83. Enbridge's Cyclically Adjusted PB Ratio for today is 2.12.

The historical rank and industry rank for Enbridge's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0KTI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.59   Med: 2.49   Max: 7.08
Current: 2.12

During the past years, Enbridge's highest Cyclically Adjusted PB Ratio was 7.08. The lowest was 1.59. And the median was 2.49.

LTS:0KTI's Cyclically Adjusted PB Ratio is ranked worse than
78.85% of 780 companies
in the Oil & Gas industry
Industry Median: 0.9 vs LTS:0KTI: 2.12

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Enbridge's adjusted book value per share data for the three months ended in Mar. 2025 was C$28.183. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is C$29.83 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Enbridge Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Enbridge's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Enbridge Cyclically Adjusted PB Ratio Chart

Enbridge Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 2.22 2.09 1.73 2.07

Enbridge Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.73 1.69 1.89 2.07 2.11

Competitive Comparison of Enbridge's Cyclically Adjusted PB Ratio

For the Oil & Gas Midstream subindustry, Enbridge's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Enbridge's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enbridge's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Enbridge's Cyclically Adjusted PB Ratio falls into.


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Enbridge Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Enbridge's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=63.35/29.83
=2.12

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enbridge's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Enbridge's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=28.183/129.1809*129.1809
=28.183

Current CPI (Mar. 2025) = 129.1809.

Enbridge Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.107 100.500 16.847
201509 13.281 100.421 17.085
201512 14.272 99.947 18.446
201603 15.243 101.054 19.486
201606 14.672 102.002 18.581
201609 14.090 101.765 17.886
201612 14.983 101.449 19.079
201703 32.021 102.634 40.304
201706 31.245 103.029 39.176
201709 30.404 103.345 38.005
201712 29.727 103.345 37.159
201803 31.487 105.004 38.737
201806 31.711 105.557 38.808
201809 29.565 105.636 36.155
201812 30.526 105.399 37.414
201903 30.908 106.979 37.322
201906 30.438 107.690 36.512
201909 30.405 107.611 36.499
201912 28.788 107.769 34.508
202003 30.171 107.927 36.112
202006 29.076 108.401 34.650
202009 28.374 108.164 33.887
202012 26.466 108.559 31.493
202103 27.301 110.298 31.975
202106 26.791 111.720 30.978
202109 26.821 112.905 30.687
202112 26.199 113.774 29.747
202203 27.012 117.646 29.661
202206 27.249 120.806 29.138
202209 28.649 120.648 30.675
202212 26.207 120.964 27.987
202303 27.024 122.702 28.451
202306 26.594 124.203 27.660
202309 27.416 125.230 28.281
202312 25.704 125.072 26.548
202403 27.019 126.258 27.645
202406 27.749 127.522 28.110
202409 27.075 127.285 27.478
202412 27.127 127.364 27.514
202503 28.183 129.181 28.183

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Enbridge  (LTS:0KTI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Enbridge Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Enbridge's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Enbridge Business Description

Industry
Address
425 - 1st Street South West, Suite 200, Calgary, AB, CAN, T2P 3L8
Enbridge owns extensive midstream assets that transport hydrocarbons across the us and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

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