EN DE
STOCK COMPARISON

Enbridge vs NGL Energy Partners LP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Enbridge (ENB) and NGL Energy Partners LP (NGL) 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 NGL Energy Partners LP trades at $18.18 versus $3.97 (-78%).
Enbridge
ENB · USD · Energy
-29%
upside to fair value
overvalued
Price$50.52
Fair Value$35.83
Quality39/100
NGL Energy Partners LP
NGL · USD · Energy
-78%
upside to fair value
overvalued
Price$18.18
Fair Value$3.97
Quality40/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

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

EnbridgeNGL Energy Partners LP
Valuation
24.1×P/E (TTM)
1.78×P/S (TTM)0.63×
1.43×P/B
12.9×EV/EBITDA8.5×
5.32×PEG8.06×
−29.1%Fair value upside−78.2%
5.4%Dividend yield5.7%
$2.71Dividend per share
Profitability
15%Operating margin2%
0.82×EBIT margin trend (5Y)
10%Return on equity-52%
3%Return on assets5%
Growth
21%Revenue growth (YoY)-13%
6.9%Avg. growth/yr (3Y)-17.8%
10.8%Avg. growth/yr (5Y)-9.6%
+10.3%Value creation/yr
Balance & size
2.2×Interest coverage (EBIT/interest)1.5×
1.15×Debt / equity124.41×
$123BMarket cap$2B
expensiveGrowth qualitymixed

Enbridge leads: 7 to 5 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 NGL Energy Partners LPof which business quality 37 · market factors 81
ProfitabilityMargins and returns on capital today
29
18
Quality GrowthAre margins and returns improving?
49
27
CashflowEarnings quality: real cash, not paper profit
57
29
Fin. StrengthBalance sheet, leverage, solvency risk
18
2
InvestmentDisciplined investing over empire-building
20
91
Low VolatilityCalm price path (market factor)
86
55
MomentumPrice trend over the last 3–12 months (market factor)
38
89
52W MomentumDistance to the 52-week high (market factor)
47
98
Net IssuanceBuybacks instead of dilution
62
97

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 $50.52NGL Energy Partners LPPrice $18.18
DCF Models-77%below the price$11.43n/a
Earnings-Based-7%close to the price$47.20n/a
Dividend Discount+89%above the price$95.43-56%below the price$8.01
Multiples-29%below the price$35.83-72%below the price$5.05
Asset-Based-48%below the price$26.24-99%below the price$0.14
Growth DCF-92%below the price$4.03n/a
Economic Profit-63%below the price$18.87n/a
Growth Earnings+16%above the price$58.48n/a
Minimum-92%below the price$4.03-99%below the price$0.14
Maximum+89%above the price$95.43-56%below the price$8.01
Median-39%below the price$31.04-72%below the price$5.05
Geometric mean-48%below the price$26.10-90%below the price$1.78

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.

NGL Energy Partners LP: 6 of 6 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)
NGL Energy Partners LP
Bear $3.97Fair Value $3.97Bull $10.99
$18.18 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

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

NGL Energy Partners LP · Energy

Quality score40 · below median
Fair value upside-78% · 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 NGL Energy Partners LP trades at $18.18 versus $3.97 (-78%).

NGL Energy Partners LP has the higher quality score (40/100).

See the full analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

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