Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, South Bow's Enterprise Value is $12,756 Mil.
South Bow's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $815 Mil. Therefore, South Bow's EV-to-EBIT ratio for today is 15.65.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, South Bow's Enterprise Value is $12,756 Mil.
South Bow's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,064 Mil. Therefore, South Bow's EV-to-EBITDA ratio for today is 11.99.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, South Bow's Enterprise Value is $12,756 Mil.
South Bow's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $1,979 Mil. Therefore, South Bow's EV-to-Revenue ratio for today is 6.45.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, South Bow's Enterprise Value is $12,756 Mil.
South Bow's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $605 Mil. Therefore, South Bow's EV-to-FCF ratio for today is 21.08.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
South Bow (NYSE:SOBO) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
South Bow's current Enterprise Value is $12,756 Mil.
South Bow's 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 $815 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
South Bow's current Enterprise Value is $12,756 Mil.
South Bow's EBITDA 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 $1,064 Mil.
South Bow's current Enterprise Value is $12,756 Mil.
South Bow's Revenue 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 $1,979 Mil.
South Bow's current Enterprise Value is $12,756 Mil.
South Bow's Cash Flow from Operations 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 $778 Mil.
South Bow's current Enterprise Value is $12,756 Mil.
South Bow's Free Cash Flow 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 $605 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.
South Bow Enterprise Value Related Terms
South Bow Enterprise Value Historical Data
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The historical data trend for South Bow's Enterprise Value 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.
SOBO vs WMB, EPD, KMI: Enterprise Value Comparison
For the Oil & Gas Midstream subindustry, South Bow's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
South Bow Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, South Bow's Enterprise Value distribution charts can be found below:
* The bar in red indicates where South Bow's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
South Bow's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
South Bow (SOBO) has a Enterprise Value of $12,756 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on South Bow and its competitors.
Is South Bow's Enterprise Value too high?
South Bow's current Enterprise Value is $12,756 Mil. Overall, South Bow has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does South Bow's Enterprise Value compare to WMB and EPD?
South Bow's Enterprise Value of $12,756 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 Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on South Bow and its competitors. South Bow's current Enterprise Value is $12,756 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Bow stock overvalued right now?
South Bow (SOBO) has a current Enterprise Value of $12,756 Mil. The current Enterprise Value is $12,756 Mil. South Bow's overall GF Score™ is 15/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For South Bow (SOBO), the current Enterprise Value is $12,756 Mil as of Jun. 26, 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.
South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts. It has three reportable segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment. The company's projects and pipelines include: Blackrod connection project; Grand Rapids Pipeline System; Marketlink Pipeline System; Keystone Pipeline System; Port Neches Link; and White Spruce Pipeline System.
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