Enbridge's Premium Stock Valuation: Too Pricey to Buy?

Enbridge Inc. (ENB) is currently viewed as relatively expensive, with the stock trading at a 15.56x trailing 12- month enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA). This is higher than the broader industry average of 13.50x and more costly than other major midstream companies like Kinder Morgan Inc. (KMI) and Enterprise Products Partners LP (EPD) , which trade at 12.10x and 9.80x EV/EBITDA, respectively. Such a premium valuation generally indicates the mark ...