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STOCK COMPARISON

Targa Resources vs Enbridge: Fair Value & Quality

Both stocks run through our valuation models. Here is how Targa Resources (TRGP) and Enbridge (ENB) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Targa Resources trades at $268 versus a fair value of $79.61 (-70%), while Enbridge trades at $51.70 versus $47.20 (-9%).
Targa Resources
TRGP · USD · Energy
-70%
upside to fair value
overvalued
Price$268
Fair Value$79.61
Quality67/100
Enbridge
ENB · USD · Energy
-9%
upside to fair value
fairly valued
Price$51.70
Fair Value$47.20
Quality47/100

Head-to-head numbers

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

Targa ResourcesEnbridge
Valuation
27.9×P/E (TTM)26.9×
3.54×P/S (TTM)1.78×
19.12×P/B1.43×
14.4×EV/EBITDA12.9×
1.23×PEG5.32×
1.6%Dividend yield6.8%
$4.25Dividend per share$3.80
Profitability
13%Net margin10%
21%Operating margin15%
74%Return on equity10%
9%Return on assets3%
Growth
-10%Revenue growth (YoY)21%
-7.5%Avg. growth/yr (3Y)6.9%
15.7%Avg. growth/yr (5Y)10.8%
Balance & size
5.35×Debt / equity1.15×
$59BMarket cap$123B
expensiveGrowth qualityexpensive

Enbridge leads: 6 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.

Targa Resourcesof which business quality 54 · market factors 83 Enbridgeof which business quality 39 · market factors 63
ProfitabilityMargins and returns on capital today
56
29
Quality GrowthAre margins and returns improving?
61
49
CashflowEarnings quality: real cash, not paper profit
52
57
Fin. StrengthBalance sheet, leverage, solvency risk
25
18
InvestmentDisciplined investing over empire-building
45
20
Low VolatilityCalm price path (market factor)
78
86
MomentumPrice trend over the last 3–12 months (market factor)
79
51
52W MomentumDistance to the 52-week high (market factor)
96
56
Net IssuanceBuybacks instead of dilution
100
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.

Targa Resources

DCF Models$99.36
Earnings-Based$75.23
Multiples$159
Asset-Based$9.58
Growth DCF$109
Economic Profit$129
Growth Earnings$135

21 of 21 models see the stock below the current price.

Enbridge

DCF Models$33.30
Earnings-Based$47.20
Dividend Discount$95.43
Multiples$58.32
Asset-Based$26.24
Growth DCF$18.70
Economic Profit$18.87
Growth Earnings$68.98

15 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.

Targa Resources
Bear $58.43Fair Value $79.61Bull $120
$268 = current price (white tick)
Enbridge
Bear $36.02Fair Value $47.20Bull $60.03
$51.70 = 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.

Targa Resources · Energy

Quality score67 · Top 25%
Fair value upside-70% · bottom 25%

Enbridge · Energy

Quality score47 · below median
Fair value upside-9% · above median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: Targa Resources trades at $268 versus a fair value of $79.61 (-70%), while Enbridge trades at $51.70 versus $47.20 (-9%).

Targa Resources has the higher quality score (67/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.