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STOCK COMPARISON

Enbridge vs Topaz Energy Corp: Fair Value & Quality

Both stocks run through our valuation models. Here is how Enbridge (ENB) and Topaz Energy Corp (TPZ) 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 Topaz Energy Corp trades at C$31.89 versus C$9.21 (-71%).
Enbridge
ENB · USD · Energy
-29%
upside to fair value
overvalued
Price$50.52
Fair Value$35.83
Quality39/100
Topaz Energy Corp
TPZ.TO · CAD · Energy
-71%
upside to fair value
overvalued
PriceC$31.89
Fair ValueC$9.21
Quality67/100
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Head-to-head numbers

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

EnbridgeTopaz Energy Corp
Valuation
24.1×P/E (TTM)34.3×
1.78×P/S (TTM)23.18×
1.43×P/B2.35×
12.9×EV/EBITDA12.4×
5.32×PEG
−29.1%Fair value upside−71.1%
5.4%Dividend yield4.2%
$2.71Dividend per shareC$1.35
Profitability
15%Operating margin68%
0.82×EBIT margin trend (5Y)0.56×
10%Return on equity8%
3%Return on assets6%
Growth
21%Revenue growth (YoY)37%
6.9%Avg. growth/yr (3Y)-4.2%
10.8%Avg. growth/yr (5Y)26.6%
+10.3%Value creation/yr+102.1%
Balance & size
2.2×Interest coverage (EBIT/interest)6.1×
1.15×Debt / equity0.38×
$123BMarket cap$4B
expensiveGrowth qualityweak

Enbridge leads: 8 to 7 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 Topaz Energy Corpof which business quality 66 · market factors 70
ProfitabilityMargins and returns on capital today
29
40
Quality GrowthAre margins and returns improving?
49
38
CashflowEarnings quality: real cash, not paper profit
57
100
Fin. StrengthBalance sheet, leverage, solvency risk
18
64
InvestmentDisciplined investing over empire-building
20
84
Low VolatilityCalm price path (market factor)
86
92
MomentumPrice trend over the last 3–12 months (market factor)
38
51
52W MomentumDistance to the 52-week high (market factor)
47
77
Net IssuanceBuybacks instead of dilution
62
67

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 $50.52Topaz Energy CorpPrice C$31.89
DCF Models-77%below the price$11.43-39%below the priceC$19.50
Earnings-Based-7%close to the price$47.20-66%below the priceC$10.72
Dividend Discount+89%above the price$95.43n/a
Multiples-29%below the price$35.83-75%below the priceC$7.94
Asset-Based-48%below the price$26.24-79%below the priceC$6.58
Growth DCF-92%below the price$4.03+21%above the priceC$38.43
Economic Profit-63%below the price$18.87-79%below the priceC$6.71
Growth Earnings+16%above the price$58.48-57%below the priceC$13.58
Minimum-92%below the price$4.03-79%below the priceC$6.58
Maximum+89%above the price$95.43+21%above the priceC$38.43
Median-39%below the price$31.04-66%below the priceC$10.72
Geometric mean-48%below the price$26.10-62%below the priceC$12.11

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.

Topaz Energy Corp: 19 of 22 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)
Topaz Energy Corp
Bear C$8.45Fair Value C$9.21Bull C$12.68
C$31.89 = 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

Topaz Energy Corp · Energy

Quality score67 · Top 25%
Fair value upside-71% · 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 Topaz Energy Corp trades at C$31.89 versus C$9.21 (-71%).

Topaz Energy Corp has the higher quality score (67/100).

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.