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EnbridgeENB -0.81%73 EV-to-OCF is 22.02 as of Aug. 08, 2026, which is 17% above its 10-year median of 18.77. GuruFocus rates ENB with a GF Score™ of 73/100 and a GF Value™ of $62.65 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 1,023 Oil & Gas companies, Enbridge ranks worse than 89.93% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Enbridge's Enterprise Value is $197,371 Mil.
Enbridge's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $8,965 Mil. Therefore, Enbridge's EV-to-OCF for today is 22.02.
The historical rank and industry rank for Enbridge's EV-to-OCF or its related term are showing as below:
ENB'
s EV-to-OCF Range Over the Past 10 Years
Min: 12.44 Med: 18.77 Max: 29.17
Current: 22.02
During the past 13 years, the highest EV-to-OCF of Enbridge was 29.17. The lowest was 12.44. And the median was 18.77.
ENB's EV-to-OCF is ranked worse than 89.93% of 1023
companies
in the Oil & Gas industry
Industry Median: 5.65
vs ENB: 22.02
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Enbridge's share price for today is $51.28.
Enbridge's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.872.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Enbridge EV-to-OCF Related Terms
Enbridge EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Enbridge's EV-to-OCF 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.
For the Oil & Gas Midstream subindustry, Enbridge's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Enbridge's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Enbridge's EV-to-OCF falls into.
Enbridge's current Enterprise Value is $197,371 Mil.
Enbridge's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $8,965 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.
Enbridge (ENB) has a EV-to-OCF of 22.02 as of Aug. 08, 2026. This is 17% above median its historical median of 18.77. Over the past decade, Enbridge's EV-to-OCF has ranged from 12.44 to 29.17. According to the industry distribution chart, Enbridge ranks #920 out of 1023 companies in the Oil & Gas industry, placing it in the top 89.9%.
Is Enbridge's EV-to-OCF too high?
Enbridge's current EV-to-OCF of 22.02 is 17% above median its 10-year median of 18.77. Over the past 10 years, this metric has ranged from a low of 12.44 to a high of 29.17. The Oil & Gas industry median EV-to-OCF is 5.65. Enbridge's value of 22.02 is 289.7% above this industry median. Based on the distribution chart, Enbridge ranks #920 out of 1023 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Enbridge has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enbridge's EV-to-OCF compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Enbridge ranks #920 out of 1023 companies for EV-to-OCF. This places Enbridge in the lower half of its industry. The industry median EV-to-OCF is 5.65. Enbridge's value of 22.02 is 289.7% above this benchmark. Historically, Enbridge's own EV-to-OCF has ranged from 12.44 to 29.17 over the past decade. While the company's 10-year median is 18.77 vs. the industry median of 5.65, Enbridge has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.65, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enbridge's current EV-to-OCF of 22.02 is 289.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enbridge's current EV-to-OCF is 22.02, which is 17% above median its own 10-year median of 18.77. 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 (ENB) is currently considered Modestly Undervalued. The stock's GF Value™ is $62.65, compared to a current price of $51.28 — trading 18.1% below its estimated fair value. The current EV-to-OCF is 22.02, which is 17% above median its 10-year median of 18.77 and 289.7% above the Oil & Gas industry median of 5.65. Enbridge's overall GF Score™ is 73/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Enbridge (ENB), the current EV-to-OCF is 22.02 as of Aug. 08, 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 (ENB) Overvalued in 2026?
Based on GuruFocus' analysis, Enbridge stock appears to be undervalued.
The current stock price of $51.28 is trading 18.1% below its estimated GF Value™ of $62.65.
GuruFocus considers Enbridge to be Modestly Undervalued.
Key valuation signals for ENB:
EV-to-OCF: 22.02 (17% above median its 10-year median of 18.77)
GF Value™: $62.65 vs. price of $51.28 (18.1% below fair value)
Industry Position: 289.7% above the Oil & Gas median (#920 of 1023)
No single metric tells the full story. See the ENB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
73GF Score
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