Skip to main content

Enbridge Inc(ENB-T)

Today's Change
Real-Time Last Update

Enbridge: Top 10 Undervalued Large Cap Stocks on TSX (ENB)

AI-generated - The Globe and Mail - Sat Feb 24, 5:02AM CST

Enbridge is now ranked among the top 10 large cap stocks on the Toronto Stock Exchange.

  • A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
  • Valuation methodology provided by Stockcalc (see below)
  • Large caps total market capitalization (10-200B)

Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
NTRNutrien71.91104.9733.06 (46.0%)98536935738.84.021.1
NGTNewmont42.2160.5918.38 (43.5%)22079935498.65.10.0
ABXBarrick Gold19.9026.957.05 (35.4%)284889334924.52.720.5
BIP-UNBrookfield Infr Partners41.3148.256.94 (16.8%)39713018977.85.0218.9
ENBEnbridge47.0054.577.57 (16.1%)1008159196726.07.616.5
EMAEmera48.5654.886.32 (13.0%)117089913286.05.811.2
MGMagna International73.3782.238.86 (12.1%)164458521027.83.412.9
SUSuncor Energy45.7951.305.51 (12.0%)783779659984.94.67.2
FTSFortis53.1759.396.22 (11.7%)193644825867.24.317.2
SAPSaputo28.0831.052.97 (10.6%)43864111892.52.636.0

All data provided as of February 24, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.


Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

Enbridge is listed under ENB on the Toronto Stock Exchange.


StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.

Stockcalc valuations ( can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:

  • Discounted Cash Flow (DCF)
  • Price & Other Comparables
  • Multiples
  • Adjusted Book Value (ABV)
  • Analyst Consensus

Artificial Intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.

More from The Globe

inside the market
Short sales on the TSX: What bearish investors are betting against
Larry MacDonald