Quality score · ENB · Energy

Is Enbridge Inc. a quality business?

Enbridge Inc. (ENB) scored on five pillars from its reported financial statements, and ranked against 87 Energy companies.

4.0/ 10
Mixed quality
as of October 19, 2026
Profitability
3.8 Weak
Solvency
1.9 Weak
Growth
5.7 Average
Efficiency
3.8 Weak
Predictability
4.6 Average
Strongest pillar: Growth · Weakest: Solvency

Enbridge Inc. (ENB) scores 4.0 out of 10 as of , computed from its reported financial statements. That reads as mixed quality. The reading rests on growth, and solvency is what holds it back.

Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.

Does Enbridge Inc. have an economic moat?

Not enough data

We cannot judge Enbridge Inc. yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.

Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →

How Enbridge Inc. scores

As of October 19, 2026, Enbridge Inc. scores 4.0 out of 10 on the Lemma Quality Score, a reading of mixed quality. In this band one or two pillars are usually holding the score up while others drag it down, which the breakdown below makes visible. Nothing in it comes from the share price or from forecasts: it is Enbridge Inc.’s own reported numbers, scored pillar by pillar.

Among the 87 Energy companies with a published score, that ranks at the 23rd percentile, in the bottom quarter of the group. For reference, the middle of the group scores 5.0 and a company needs 5.9 to reach its top quarter, which leaves Enbridge Inc. below the median.

Pillar by pillar

Profitability

Enbridge Inc.’s profitability score is 3.8 out of 10 (weak). Against a median of 5.5 among 84 Energy companies, that is well below the group and the 36th percentile. Weak profitability means the business converts less of its sales and capital into profit than its peers, which can come from thin pricing power, high costs or a temporary squeeze.

Solvency

Solvency scores 1.9 out of 10, which reads as weak. The median across 79 Energy companies is 6.5, so Enbridge Inc. is well below its peers on this pillar and ranks at the 3rd percentile. Stretched leverage narrows the options open to management, since cash that services debt is cash that cannot be reinvested.

Growth

Enbridge Inc.’s growth score is 5.7 out of 10 (average). Against a median of 5.2 among 66 Energy companies, that is above the group and the 54th percentile. Average growth reflects a business expanding at roughly the pace of its sector, without a clear acceleration or decline.

Efficiency

Efficiency scores 3.8 out of 10, which reads as weak. The median across 81 Energy companies is 5.5, so Enbridge Inc. is well below its peers on this pillar and ranks at the 27th percentile. Poor conversion of assets and earnings into cash can come from heavy investment phases, and it matters whether that investment is paying off.

Predictability

On predictability, Enbridge Inc. scores 4.6, an average reading. Its peers have a median of 3.1 across 86 Energy companies, which places it above them, at the 80th percentile. Consistency near the median is typical, and it is worth checking whether the swings came from the business itself or from one-off items.

Strongest and weakest pillar

The gap between Enbridge Inc.’s best and worst pillar is wide: growth at 5.7 against solvency at 1.9, 3.8 points apart. An average of two readings this different deserves a closer look than the headline number. Leading with growth is attractive as long as the expansion is earning a decent return. When solvency is the soft spot, the question is how much of the cash flow is already spoken for by debt.

What would move the score

Closing the gap on solvency would do the most for the overall. At the median of Energy companies, 6.5, Enbridge Inc. would score about 4.9 instead of 4.0. The weights add up to 100 points (profitability 25, solvency 20, growth 20, efficiency 15, predictability 20), and Enbridge Inc. has a reading on every pillar.

Enbridge Inc. and similar companies

For a fair comparison, start with companies of a similar size: the Energy companies below are nearest to Enbridge Inc. by market value, each scored on the same pillars.

What each pillar measures

Profitability

3.8 / 10

How much profit the company generates from its capital and sales.

Solvency

1.9 / 10

The company’s ability to service debt and meet its obligations.

Growth

5.7 / 10

How fast revenue, earnings and cash flow are compounding.

Efficiency

3.8 / 10

How well assets and earnings convert into cash and output.

Predictability

4.6 / 10

How stable and consistent results have been over time.

How this score is calculated

Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.

Limitations

This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.

Educational only. Not investment advice.

FAQ

Is Enbridge Inc. a quality business?

On this reading Enbridge Inc. scores 4.0 out of 10, which reads as mixed quality. Its strongest pillar is growth, its weakest is solvency. Quality is not the same as a good investment: the score says nothing about the price you would pay.

How does Enbridge Inc. compare with other Energy companies?

Enbridge Inc. ranks at the 23rd percentile of the 87 Energy companies Lemma publishes a score for. The median there is 5.0 and the top quarter starts at 5.9, against Enbridge Inc.’s 4.0.

What does the ENB quality score measure?

Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.

How current is this score?

This page last changed on October 19, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for ENB are in the app.

Does a high score mean the stock is cheap?

No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.

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