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STOCK COMPARISON

Enbridge vs Kinder Morgan: Fair Value & Quality

Both stocks run through our valuation models. Here is how Enbridge (ENB) and Kinder Morgan (KMI) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Enbridge trades at $50.52 versus a fair value of $35.83 (-29%), while Kinder Morgan trades at $31.60 versus $10.92 (-65%).
Enbridge
ENB · USD · Energy
-29%
upside to fair value
overvalued
Price$50.52
Fair Value$35.83
Quality39/100
Kinder Morgan
KMI · USD · Energy
-65%
upside to fair value
overvalued
Price$31.60
Fair Value$10.92
Quality58/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

EnbridgeKinder Morgan
Valuation
24.1×P/E (TTM)21.8×
1.78×P/S (TTM)4.13×
1.43×P/B2.32×
12.9×EV/EBITDA13.9×
5.32×PEG3.81×
−29.1%Fair value upside−65.4%
5.4%Dividend yield3.7%
$2.71Dividend per share$1.18
Profitability
15%Operating margin30%
0.82×EBIT margin trend (5Y)1.02×
10%Return on equity11%
3%Return on assets4%
Growth
21%Revenue growth (YoY)14%
6.9%Avg. growth/yr (3Y)-4.1%
10.8%Avg. growth/yr (5Y)7.7%
+10.3%Value creation/yr+14.7%
Balance & size
2.2×Interest coverage (EBIT/interest)2.7×
1.15×Debt / equity0.99×
$123BMarket cap$72B
expensiveGrowth qualityweak

Even match: 8 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Enbridgeof which business quality 39 · market factors 55 Kinder Morganof which business quality 55 · market factors 64
ProfitabilityMargins and returns on capital today
29
36
Quality GrowthAre margins and returns improving?
49
54
CashflowEarnings quality: real cash, not paper profit
57
77
Fin. StrengthBalance sheet, leverage, solvency risk
18
27
InvestmentDisciplined investing over empire-building
20
66
Low VolatilityCalm price path (market factor)
86
92
MomentumPrice trend over the last 3–12 months (market factor)
38
46
52W MomentumDistance to the 52-week high (market factor)
47
63
Net IssuanceBuybacks instead of dilution
62
83

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyEnbridgePrice $50.52Kinder MorganPrice $31.60
DCF Models-77%below the price$11.43-69%below the price$9.79
Earnings-Based-7%close to the price$47.20-62%below the price$12.09
Dividend Discount+89%above the price$95.43-35%below the price$20.59
Multiples-29%below the price$35.83-71%below the price$9.14
Asset-Based-48%below the price$26.24-70%below the price$9.38
Growth DCF-92%below the price$4.03-75%below the price$7.91
Economic Profit-63%below the price$18.87-69%below the price$9.86
Growth Earnings+16%above the price$58.48-44%below the price$17.75
Minimum-92%below the price$4.03-75%below the price$7.91
Maximum+89%above the price$95.43-35%below the price$20.59
Median-39%below the price$31.04-69%below the price$9.82
Geometric mean-48%below the price$26.10-64%below the price$11.42

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Enbridge: 19 of 24 models see the stock below the current price.

Kinder Morgan: 24 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Enbridge
Bear $33.04Fair Value $35.83Bull $46.53
$50.52 = current price (white tick)
Kinder Morgan
Bear $5.25Fair Value $10.92Bull $21.37
$31.60 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Enbridge · Energy

Quality score39 · below median
Fair value upside-29% · below median

Kinder Morgan · Energy

Quality score58 · above median
Fair value upside-65% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Enbridge trades at $50.52 versus a fair value of $35.83 (-29%), while Kinder Morgan trades at $31.60 versus $10.92 (-65%).

Kinder Morgan has the higher quality score (58/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.