Enbridge (FRA:EN3) EBIT: €8,671 Mil (TTM As of Mar. 2026)


FRA:EN3 Enbridge Inc FRA:EN3
68 GF Score
Price €48.67
GF Value €44.84
Valuation Fairly Valued
! 12 Warning Signs
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What is Enbridge EBIT?

Enbridge FRA:EN3 +1.44% 68 EBIT is €8,671 Mil as of Mar. 2026. GuruFocus rates FRA:EN3 with a GF Score™ of 68/100 and a GF Value™ of €44.84 (Fairly Valued). The stock has 12 warning signs investors should review.

Enbridge's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €2,261 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €8,671 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Enbridge's annualized ROC % for the quarter that ended in Mar. 2026 was 4.49%. Enbridge's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Enbridge's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.83%.


Enbridge  (FRA:EN3) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Enbridge's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=8133.016 * ( 1 - 24.82% )/( (132767.13 + 139699.391)/ 2 )
=6114.4014288/136233.2605
=4.49 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=135250.199 - 7317.347 - ( 677.257 - max(0, 13002.839 - 8168.561+677.257))
=132767.13

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=143873.079 - 6980.525 - ( 1030.813 - max(0, 14696.804 - 11889.967+1030.813))
=139699.391

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Enbridge's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9045.932/( ( (81467.7 + max(-1885.672, 0)) + (84739.738 + max(204.27, 0)) )/ 2 )
=9045.932/( ( 81467.7 + 84944.008 )/ 2 )
=9045.932/83205.854
=10.87 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4383.598 + 1003.504 + 1836.766) - (7317.347 + 751.545 + 1040.648)
=-1885.672

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6582.07 + 1163.841 + 3045.783) - (6980.525 + 0 + 3606.899)
=204.27

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Enbridge's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=8671.445/179551.611
=4.83 %

* 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 EBIT Related Terms


Enbridge EBIT Historical Data

* Premium members only.

The historical data trend for Enbridge's EBIT 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.

Enbridge EBIT Chart

Enbridge Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,214.13 5,396.47 8,021.70 7,842.70 9,152.87

Enbridge Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 2,913.02 2,643.88 1,493.49 2,272.59 2,261.48

FRA:EN3 vs WMB, EPD, KMI: EBIT Comparison

For the Oil & Gas Midstream subindustry, Enbridge's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enbridge's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Enbridge's EV-to-EBIT falls into.


FRA:EN3
68GF Score
Enbridge Inc FRA:EN3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Enbridge EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8,671 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €8,671 Mil mean?
Enbridge (FRA:EN3) has a EBIT of €8,671 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Enbridge.
Is Enbridge's EBIT too high?
Enbridge's current EBIT is €8,671 Mil. Overall, Enbridge has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Enbridge's EBIT compare to WMB and EPD?
Enbridge's EBIT of €8,671 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Enbridge. Enbridge's current EBIT is €8,671 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enbridge stock overvalued right now?
Based on GuruFocus' analysis, Enbridge (FRA:EN3) is currently considered Fairly Valued. The stock's GF Value™ is €44.84, compared to a current price of €48.67 — trading 8.5% above its estimated fair value. The current EBIT is €8,671 Mil. Enbridge's overall GF Score™ is 68/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Enbridge (FRA:EN3), the current EBIT is €8,671 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Enbridge (FRA:EN3) Overvalued in 2026?

Based on GuruFocus' analysis, Enbridge stock appears to be overvalued. The current stock price of €48.67 is trading 8.5% above its estimated GF Value™ of €44.84. GuruFocus considers Enbridge to be Fairly Valued.

Key valuation signals for FRA:EN3:

  • EBIT: €8,671 Mil
  • GF Value™: €44.84 vs. price of €48.67 (8.5% above fair value)
  • GF Score™: 68/100 with 12 warning signs

No single metric tells the full story. See the FRA:EN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enbridge Business Description

Industry EnergyOil & Gas
Address 425 - 1st Street South West, Suite 200, Fifth Avenue Place, Corporate Legal Department, 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 operates regulated natural gas utilities in the US and Canada, including Canada's largest natural gas distribution company. The firm has a small renewable energy portfolio primarily focused on onshore and offshore wind projects.
68GF Score

Get the complete analysis for FRA:EN3

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€48.67
Price
€44.84
GF Value