Source Rock Royalties vs Enbridge: Fair Value & Quality
Both stocks run through our valuation models. Here is how Source Rock Royalties (SRR) and Enbridge (ENB) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Source Rock Royalties trades at C$0.99 versus a fair value of C$0.41 (-59%), while Enbridge trades at $51.28 versus $47.20 (-8%).
Source Rock Royalties
SRR.V · CAD · Energy
-59%
upside to fair value
overvalued
PriceC$0.99
Fair ValueC$0.41
Quality74/100
Enbridge
ENB · USD · Energy
-8%
upside to fair value
fairly valued
Price$51.28
Fair Value$47.20
Quality39/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Source Rock RoyaltiesEnbridge
Valuation
33.0×P/E (TTM)26.9×
5.72×P/S (TTM)1.78×
1.38×P/B1.43×
6.5×EV/EBITDA12.9×
—PEG5.32×
7.8%Dividend yield6.8%
C$0.08Dividend per share$3.80
Profitability
23%Net margin10%
27%Operating margin15%
5%Return on equity10%
4%Return on assets3%
Growth
-22%Revenue growth (YoY)21%
-2.4%Avg. growth/yr (3Y)6.9%
34.4%Avg. growth/yr (5Y)10.8%
Balance & size
—Debt / equity1.15×
$32MMarket cap$123B
mixedGrowth qualityexpensive
Source Rock Royalties 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.
Source Rock Royaltiesof which business quality 73 · market factors 69Enbridgeof which business quality 39 · market factors 61
ProfitabilityMargins and returns on capital today
40
29
Quality GrowthAre margins and returns improving?
50
49
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
78
20
Low VolatilityCalm price path (market factor)
91
86
MomentumPrice trend over the last 3–12 months (market factor)
54
49
52W MomentumDistance to the 52-week high (market factor)
70
54
Net IssuanceBuybacks instead of dilution
79
62
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Source Rock Royalties
DCF ModelsC$0.87
Earnings-BasedC$0.30
MultiplesC$0.43
Asset-BasedC$0.34
Growth DCFC$0.87
Economic ProfitC$0.30
Growth EarningsC$0.41
22 of 24 models see the stock below the current price.
Enbridge
DCF Models$11.43
Earnings-Based$47.20
Dividend Discount$95.43
Multiples$35.83
Asset-Based$26.24
Growth DCF$4.03
Economic Profit$18.87
Growth Earnings$58.48
19 of 24 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.
Source Rock Royalties
Bear C$0.30Fair Value C$0.41Bull C$0.51
C$0.99 = current price (white tick)
Enbridge
Bear $36.02Fair Value $47.20Bull $60.03
$51.28 = 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.
Source Rock Royalties · Energy
Quality score74 · Top 25%
Fair value upside-59% · bottom 25%
Enbridge · Energy
Quality score39 · below median
Fair value upside-8% · above median
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Source Rock Royalties trades at C$0.99 versus a fair value of C$0.41 (-59%), while Enbridge trades at $51.28 versus $47.20 (-8%).
Source Rock Royalties has the higher quality score (74/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
