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STOCK COMPARISON

Enbridge vs Marathon Petroleum: Fair Value & Quality

Both stocks run through our valuation models. Here is how Enbridge (ENB) and Marathon Petroleum (MPC) compare, as of Oct 5, 2026.

As of Oct 5, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Enbridge trades at $45.97 versus a fair value of $36.91 (−19.7%), while Marathon Petroleum trades at $422 versus $110 (−74.0%).
Enbridge
ENB · USD · Energy
−19.7%
upside to fair value
overvalued
Price$45.97
Fair Value$36.91
Quality39/100
Marathon Petroleum
MPC · USD · Energy
−74.0%
upside to fair value
overvalued
Price$422
Fair Value$110
Quality61/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

EnbridgeMarathon Petroleum
Valuation
22.0×P/E (TTM)14.7×
15.2×P/E ex one-offs (FY2025)39.5×
14.3×Forward P/E (FY2027)9.0×
1.46×P/S (TTM)1.16×
1.17×P/B7.10×
11.6×EV/EBITDA14.1×
5.32×PEG0.90×
−19.7%Fair value upside−74.0%
5.9%Dividend yield0.9%
$2.71Dividend per share$4.00
Profitability
14.7%Operating margin13.6%
0.82×EBIT margin trend (5Y)n/a
10.1%Return on equity42.1%
3.2%Return on assets12.7%
Growth
20.8%Revenue growth (YoY)53.7%
6.9%Avg. growth/yr (3Y)-9.2%
10.8%Avg. growth/yr (5Y)13.7%
+10.8%Value creation/yr+10.0%
Balance & size
2.2×Interest coverage (EBIT/interest)4.1×
1.15×Debt / equity1.76×
$100BMarket cap$123B
expensiveGrowth qualityweak
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Enbridge leads: 10 to 5 metric wins.

Group holding company: MPC (69 %) consolidates subsidiaries in full but owns only the stated share. Revenue, EBITDA and margin ratios are therefore restated for its own shareholders; earnings per share, P/E and return on equity already were.

n/a = 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 46 Marathon Petroleumof which business quality 57 · market factors 93
ProfitabilityMargins and returns on capital today
29
53
Quality GrowthAre margins and returns improving?
49
35
CashflowEarnings quality: real cash, not paper profit
57
50
Fin. StrengthBalance sheet, leverage, solvency risk
18
33
InvestmentDisciplined investing over empire-building
20
99
Low VolatilityCalm price path (market factor)
86
76
MomentumPrice trend over the last 3–12 months (market factor)
32
100
52W MomentumDistance to the 52-week high (market factor)
25
100
Net IssuanceShare count: buybacks or dilution?
62
100

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 $45.97Marathon PetroleumPrice $422
DCF Models−37.9%below the price$28.54−68.4%below the price$133
Earnings-Based+2.7%close to the price$47.20−85.7%below the price$60.37
Dividend Discount+107.6%above the price$95.43−90.5%below the price$39.94
Multiples−22.1%below the price$35.83−72.9%below the price$115
Asset-Based−42.9%below the price$26.24−90.2%below the price$41.31
Growth DCF−31.3%below the price$31.57−66.1%below the price$143
Economic Profit−59.0%below the price$18.87−80.6%below the price$82.04
Growth Earnings+27.2%above the price$58.48−60.4%below the price$167
Minimum−59.0%below the price$18.87−90.5%below the price$39.94
Maximum+107.6%above the price$95.43−60.4%below the price$167
Median−26.7%below the price$33.70−76.7%below the price$98.28
Geometric mean−17.7%below the price$37.85−79.6%below the price$85.99

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: 15 of 25 models see the stock below the current price.

Marathon Petroleum: 25 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Enbridge
Price $45.97
Fair Value $36.91
Bear $26.87Bull $69.94
Marathon Petroleum
Price $422
Fair Value $110
Bear $76.45Bull $172

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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−19.7% · below median

Marathon Petroleum · Energy

Quality score61 · Top 25%
Fair value upside−74.0% · bottom 25%

Bottom line

As of Oct 5, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Enbridge trades at $45.97 versus a fair value of $36.91 (−19.7%), while Marathon Petroleum trades at $422 versus $110 (−74.0%).

Marathon Petroleum has the higher quality score (61/100).

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