STOCK COMPARISON
TC Energy vs Enbridge: Fair Value & Quality
Both stocks run through our valuation models. Here is how TC Energy (TRP) 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: TC Energy trades at $63.90 versus a fair value of $47.12 (-26%), while Enbridge trades at $51.70 versus $47.20 (-9%).
TC Energy
TRP · USD · Energy
-26%
upside to fair value
overvalued
Price$63.90
Fair Value$47.12
Quality58/100
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).
TC EnergyEnbridge
Valuation
28.2×P/E (TTM)26.9×
4.53×P/S (TTM)1.78×
2.57×P/B1.43×
13.1×EV/EBITDA12.9×
4.40×PEG5.32×
5.0%Dividend yield6.8%
$3.43Dividend per share$3.80
Profitability
22%Net margin10%
48%Operating margin15%
11%Return on equity10%
4%Return on assets3%
Growth
7%Revenue growth (YoY)21%
7.3%Avg. growth/yr (3Y)6.9%
3.2%Avg. growth/yr (5Y)10.8%
Balance & size
2.11×Debt / equity1.15×
$70BMarket 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.
TC Energyof which business quality 46 · market factors 69
Enbridgeof which business quality 39 · market factors 63
ProfitabilityMargins and returns on capital today
38
29
Quality GrowthAre margins and returns improving?
44
49
CashflowEarnings quality: real cash, not paper profit
66
57
Fin. StrengthBalance sheet, leverage, solvency risk
8
18
InvestmentDisciplined investing over empire-building
65
20
Low VolatilityCalm price path (market factor)
78
86
MomentumPrice trend over the last 3–12 months (market factor)
60
51
52W MomentumDistance to the 52-week high (market factor)
74
56
Net IssuanceBuybacks instead of dilution
73
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.
TC Energy
DCF Models$20.12
Earnings-Based$14.85
Dividend Discount$53.86
Multiples$61.17
Asset-Based$17.54
Economic Profit$16.97
Growth Earnings$55.87
16 of 17 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.
TC Energy
Bear $32.07Fair Value $47.12Bull $47.12
$63.90 = current price (white tick)
Enbridge
Bear $36.02Fair Value $47.20Bull $60.03
$51.70 = current price (white tick)
Compare two other stocks
Tap a field and type again, ticker or company name.
Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
TC Energy · Energy
Quality score58 · above median
Fair value upside-26% · below median
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: TC Energy trades at $63.90 versus a fair value of $47.12 (-26%), while Enbridge trades at $51.70 versus $47.20 (-9%).
TC Energy has the higher quality score (58/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
