ENB vs PBA vs EPD Stock Comparison

Enbridge, Pembina Pipeline and Enterprise Products Partners Prices as of Oct 29, 2026 Peers: Industry group
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ENB Enbridge Inc
$49.26 +5.6% 1M +5.5% 1Y
Market cap
$108.12B
P/E
26.2x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
3 wins
PBA Pembina Pipeline Corp
$50.87 +14.2% 1M +35.5% 1Y
Market cap
$29.88B
P/E
18.9x
Revenue (TTM)
$7.84B
Div. yield
–
Oil and Gas Pipelines Energy
4 wins

Head to Head

11 decided of 12

Enterprise Products Partners leads on 4 of the 12 questions below (Enterprise Products Partners 4, Pembina Pipeline 4, Enbridge 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENBPBAEPDLeader
Larger companyMarket capitalisation $108.12B $29.88B $82.85B ENB
Cheaper on earningsLower P/E, profitable companies only 26.2x 18.9x 12.6x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.5x 21.8x 13.6x EPD
Faster revenue growthRevenue growth, trailing twelve months +31.0% +0.9% +21.5% ENB
More profitableNet margin, trailing twelve months 6.8% 20.1% — PBA
Better return on capitalReturn on invested capital 5.0% 8.3% — PBA
Less leveragedLower net debt / EBITDA 6.4x 3.1x — PBA
Higher dividend yieldTrailing dividend yield 0.06% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +5.5% +35.5% +25.5% PBA
Better 5-year returnAnnualised price return, 5 years +3.3%/yr +9.0%/yr +11.5%/yr EPD
Less volatileAnnualised volatility, 1 year 18.6% 20.3% 18.8% ENB
Higher overall scoreMean of the five percentile scores vs peers 28/100 57/100 71/100 EPD

Percentile Scorecard

ENBPBAEPD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisENBPBAEPD
Valuation 21 #28 of 35 77 #9 of 35 88 #5 of 35
Growth 33 #23 of 34 21 #27 of 34 49 #18 of 34
Profitability 27 #23 of 31 57 #14 of 31 –
Financial Health 25 #25 of 33 88 #5 of 33 –
Shareholder Returns 37 #20 of 31 43 #18 of 31 77 #8 of 31
Overall 28 57 71
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • PBA ranked among 35 companies in Oil and Gas Midstream
  • EPD ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodENBPBAEPDSPY
1 month +5.6%+14.2%+8.4% +0.7%
3 months -11.1%+1.0%+2.5% +3.7%
6 months -11.1%+9.4%+0.9% +7.1%
Year to date +3.0%+33.7%+21.8% +12.8%
1 year +5.5%+35.5%+25.5% +11.9%
3 years +54.6%+66.2%+47.7% +85.2%
3 years, per year +15.6%+18.5%+13.9% +22.8%
5 years +17.7%+53.7%+72.2% +67.6%
5 years, per year +3.3%+9.0%+11.5% +10.9%
10 years +13.0%+63.9%+52.7% +262.0%
10 years, per year +1.2%+5.1%+4.3% +13.7%

Risk

MeasureENBPBAEPDSPY
Volatility, 1Y 18.6%20.3%18.8% 12.7%
Downside volatility, 1Y 19.7%20.8%18.1% 12.6%
Beta vs S&P 500, 1Y -0.16-0.24-0.32 1.00
Return / volatility, 1Y 0.301.751.36 0.94
Max drawdown, 5Y -34.0%-32.6%-19.5% -25.4%
From 52-week high -15.1%-1.0%-1.9% -1.2%
52-week high $58.04$51.38$39.80 $779.14
52-week low $45.23$36.52$30.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleENBPBAEPD
P/E now vs peer median 26.1xmedian 19.6x 18.7xmedian 19.6x 12.8xmedian 19.6x
P/S now vs peer median 1.8xmedian 2.8x 3.8xmedian 2.8x 1.3xmedian 2.8x
EV/EBITDA now vs peer median 15.2xmedian 11.1x 10.9xmedian 11.1x —median 11.1x
P/FCF now vs peer median 89.1xmedian 16.9x 8.5xmedian 16.9x 22.5xmedian 16.9x
P/B now vs peer median 2.2xmedian 2.4x 1.7xmedian 2.4x —median 2.4x
PEG now vs peer median 2.56median 1.68 —median 1.68 1.80median 1.68

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsENBPBAEPD
Revenue $60.45B $7.84B $64.40B
Gross profit $22.34B $3.30B –
Operating income $8.06B $2.83B $8.16B
Net income $4.58B $1.71B –
Free cash flow $1.21B $3.49B –
EPS (diluted) $1.88 $2.71 $3.02
Cash & equivalents $1.42B $153.00M –
Total debt $78.92B $12.08B –
Shares (diluted) 2.19B 582.00M 2.19B
Enterprise value $103.72B $29.33B $82.85B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricENBPBAEPD
P/E 26.1x 18.7x 12.8x
P/FCF 89.1x 8.5x 22.5x
P/Operating cash flow 12.0x 10.2x 9.1x
P/S 1.8x 3.8x 1.3x
P/B 2.2x 1.7x –
P/Tangible book 2.4x 1.7x –
EV/EBITDA 15.2x 10.9x –
EV/EBIT 23.0x 14.7x –
EV/Revenue 3.1x 5.3x 1.3x
EV/FCF 153.4x 11.9x –
EV/Operating cash flow 20.6x 14.3x 9.1x
PEG (3Y EPS CAGR) 2.56 – 1.80

Growth

14 metrics
MetricENBPBAEPD
Revenue growth (1Y) 31.0% 0.9% 21.5%
Revenue CAGR (3Y) 19.5% – 9.7%
Gross profit growth (1Y) 8.0% 0.9% –
Gross profit CAGR (3Y) 5.1% – –
Operating income growth (1Y) 6.2% 27.9% 13.1%
Operating income CAGR (3Y) 19.8% – 6.4%
Net income growth (1Y) -6.9% -3.9% –
Net income CAGR (3Y) 13.7% – –
EPS growth (1Y) -7.5% -3.0% 14.0%
EPS CAGR (3Y) 10.2% – 7.1%
Operating cash flow growth (1Y) -2.9% -16.0% 9.9%
Operating cash flow CAGR (3Y) -2.6% – 5.5%
Free cash flow growth (1Y) -67.2% -14.7% –
Free cash flow CAGR (3Y) -42.0% – –

Profitability

14 metrics
MetricENBPBAEPD
Gross margin 36.9% 42.1% –
EBITDA margin 20.2% 48.5% –
Operating margin 13.3% 36.1% –
Pretax margin 9.6% 28.2% –
Net margin 6.8% 20.1% –
FCF margin 2.0% 44.5% –
Operating cash flow margin 14.9% 37.0% 14.5%
Return on equity 9.5% 10.1% –
Return on assets 2.8% 4.7% –
Return on invested capital 5.0% 8.3% –
Return on capital employed 5.5% – –
Asset turnover 0.4x 0.2x –
Cash conversion (OCF / net income) 2.0x 1.7x –
Stock comp / revenue – 1.4% –

Financial Health

11 metrics
MetricENBPBAEPD
Debt / assets 48.4% 33.3% –
Debt / equity 1.6x 0.7x –
Net debt / EBITDA 6.4x 3.1x –
Debt / FCF 65.4x 3.5x –
Liabilities / assets 70.6% 52.9% –
Equity / assets 29.4% 47.1% –
Interest coverage 2.2x 4.6x –
Current ratio 0.7x – –
Quick ratio 0.5x – –
Cash ratio 0.1x – –
Altman Z-score 0.94 – –

Shareholder Returns

7 metrics
MetricENBPBAEPD
Dividend yield 7.8% 5.7% 5.6%
Net buyback yield 0.0% -0.7% –
Shareholder yield 7.8% 5.0% 5.6%
Payout ratio (earnings) 132.1% – –
Payout ratio (FCF) 500.8% – –
Dividend growth (1Y) 4.2% – –
Dividend CAGR (3Y) 4.6% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusENBPBAEPD
Forward P/E 24.5xFY2026 21.8xFY2026 13.6xFY2026
EPS, next fiscal year $2.01FY2026 $2.33FY2026 $2.87FY2026
EPS growth, next FY -8.6%FY2026 +20.1%FY2026 +7.9%FY2026
EPS growth, the year after +13.9% +0.4% +17.1%
Revenue, next fiscal year $61.75BFY2026 $6.58BFY2026 $66.68BFY2026
Revenue growth, next FY +30.1%FY2026 +16.3%FY2026 +26.8%FY2026
Revenue growth, the year after -14.7% -6.2% +2.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBPBAEPD
Held by institutions 48.7% – 24.8%
Institutions holding 1,503 – 1,582
Change in shares held, QoQ +2.0% – +0.8%
Institutions buying 662 – 670
Institutions selling 503 – 436
Buyers to sellers 1.32 – 1.54

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ENBPBAEPD
ENB 1.00 0.70 0.51
PBA 0.70 1.00 0.57
EPD 0.51 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENB, PBA and EPD?

Enbridge (ENB) is the largest by market capitalisation: Enbridge (ENB) $108.12B, Pembina Pipeline (PBA) $29.88B, Enterprise Products Partners (EPD) $82.85B.

Which stock is cheaper, ENB, PBA and EPD?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (Enbridge (ENB) 26.2x, Pembina Pipeline (PBA) 18.9x, Enterprise Products Partners (EPD) 12.6x). On next year's consensus earnings, Enterprise Products Partners (EPD) is cheapest (Enbridge (ENB) 24.5x, Pembina Pipeline (PBA) 21.8x, Enterprise Products Partners (EPD) 13.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enbridge (ENB) grew revenue fastest over the trailing twelve months: Enbridge (ENB) +31.0%, Pembina Pipeline (PBA) +0.9%, Enterprise Products Partners (EPD) +21.5%.

Which company is more profitable?

Pembina Pipeline (PBA) has the highest net margin (Enbridge (ENB) 6.8%, Pembina Pipeline (PBA) 20.1%). On return on invested capital, Pembina Pipeline (PBA) leads (Enbridge (ENB) 5.0%, Pembina Pipeline (PBA) 8.3%).

Which stock has performed better?

Over the past year Pembina Pipeline (PBA) returned the most: Enbridge (ENB) +5.5%, Pembina Pipeline (PBA) +35.5%, Enterprise Products Partners (EPD) +25.5%. Over five years, Enterprise Products Partners (EPD) compounded fastest (Enbridge (ENB) +3.3%/yr, Pembina Pipeline (PBA) +9.0%/yr, Enterprise Products Partners (EPD) +11.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Enbridge (ENB) 0.06%, Pembina Pipeline (PBA) 0.00%, Enterprise Products Partners (EPD) 0.00%. Pembina Pipeline (PBA) and Enterprise Products Partners (EPD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enbridge (ENB) has been the steadiest (Enbridge (ENB) 18.6%, Pembina Pipeline (PBA) 20.3%, Enterprise Products Partners (EPD) 18.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ENB, PBA and EPD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enterprise Products Partners (EPD) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.