AlphaMadera's AlphaVal page classifies Enbridge Inc. as a Stable Earnings Power business and values it using P/Adj-EPS × Normalized Multiple, then compares the result to the current market price to flag ENB as undervalued, fairly valued, or overvalued.

What is Enbridge Inc.'s fair value?

Fair value for ENB comes from a P/Adj-EPS × Normalized Multiple model -- the approach AlphaVal selected for this company's Stable Earnings Power classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

How does AlphaMadera value ENB?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. ENB was classified as Stable Earnings Power and is valued using P/Adj-EPS × Normalized Multiple, built from ENB's most recent reported fundamentals.

ENB - Enbridge Inc.

Price: -- -- | CONSENSUS: Buy DETAILS | PRICE TARGET: $61.63 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate

Trading 21.5% above fair value

Current Price $48.01

Bear Case $31.61 34.2% downside ($31.61 - $48.01) / $48.01 = -34.2% $2.31 × 14x P/E

Fair Value $39.51 17.7% downside ($39.51 - $48.01) / $48.01 = -17.7% $2.31 × 17x P/E

Bull Case $47.41 1.2% downside ($47.41 - $48.01) / $48.01 = -1.2% $2.31 × 20x P/E

Adjust Assumptions

P/E Multiple

17.1x

Adjusted EPS

2.31$

Key Value Driver

Normalized P/E multiple (17x base case)

Terminal Value % of EV

Implied Market Multiple 20.8x

Market is pricing in (growth)

Plain-Language Summary

Applying a 17x P/E to adjusted EPS of $2.31, the base-case value is $39.51 per share. DDM cross-check: $40.19.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (25 analysts) $61.63

Analyst Range $50.00 – $79.50

Divergence from AlphaVal 36%

Warnings

⚠ The company pays out 120% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.

ℹ Wall Street's average price target is $61.63 (from 25 analysts). Our estimate is 36% below the consensus -- consider that gap carefully.

ℹ Financial statements were converted from CAD into USD using USDCAD at 0.7140 USD per CAD.

Key Risks

Growth DCF inappropriate — terminal value assumptions dominate
EV/EBITDA misleading for regulated businesses where capex is mandated
Regulatory risk is a fat tail not visible in normal multiples