How Does Enbridge's (TSE:ENB) P/E Compare To Its Industry, After The Share Price Drop? [Yahoo! Finance News]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Yahoo! Finance News
To the annoyance of some shareholders, Enbridge TSE:ENB All else being equal, a share price drop should make a stock more attractive to potential investors. While the market sentiment towards a stock is very changeable, in the long run, the share price will tend to move in the same direction as earnings per share. The implication here is that long term investors have an opportunity when expectations of a company are too low. One way to gauge market expectations of a stock is to look at its Price to Earnings Ratio PE Ratio). A high P/E implies that investors have high expectations of what a company can achieve compared to a company with a low P/E ratio. See our latest analysis for Enbridge How Does Enbridge's P/E Ratio Compare To Its Peers? Enbridge's P/E of 13.59 indicates some degree of optimism towards the stock. The image below shows that Enbridge has a higher P/E than the average 6.6) P/E for companies in the oil and gas industry. Its relatively high P/E ratio indicates that Enbri
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ENB
Earnings
- 2/9/24 - Beat
ENB
Sec Filings
- 4/5/24 - Form 8-K
- 4/4/24 - Form 424B5
- 4/2/24 - Form FWP
- ENB's page on the SEC website