ENB Trades at Premium Valuation: Should You Buy the Midstream Stock?

Enbridge Inc. (ENB) is currently considered relatively overvalued, trading at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 14.86x. This figure surpasses the broader industry average of 14.41x. It is higher than other major midstream companies such as Kinder Morgan Inc. (KMI) and Enterprise Products Partners LP (EPD) , which trade at 13.63x and 10.64x EV/EBITDA, respectively. This premium valuation reflects the market’s confidence in Enbridge’s prospects. Image Source: Zacks Investment Resea ...