Enbridge Price To Sales Ratio vs Dividend Yield Analysis

ENB Stock

CAD 50.04 0.02 0.04%

Enbridge financial indicator trend analysis is much more than just examining Enbridge latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enbridge is a good investment. Please check the relationship between Enbridge Price To Sales Ratio and its Dividend Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.

Price To Sales Ratio vs Dividend Yield

Price To Sales Ratio vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Price To Sales Ratio account and Dividend Yield. At this time, the significance of the direction appears to have strong relationship.

The correlation between Enbridge's Price To Sales Ratio and Dividend Yield is 0.71. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Price To Sales Ratio and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Enbridge are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Price To Sales Ratio i.e., Enbridge's Price To Sales Ratio and Dividend Yield go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Enbridge stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Enbridge sales, a figure that is much harder to manipulate than other Enbridge multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Dividend Yield

Dividend Yield is Enbridge dividend as a percentage of Enbridge stock price. Enbridge dividend yield is a measure of Enbridge stock productivity, which can be interpreted as interest rate earned on an Enbridge investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Most indicators from Enbridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enbridge current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.At this time, Enbridge's Selling General Administrative is very stable compared to the past year. As of the 21st of May 2024, Tax Provision is likely to grow to about 1.9 B, while Discontinued Operations is likely to drop about 27.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	14.5B	16.4B	17.7B	18.6B
Total Revenue	47.1B	53.3B	43.6B	45.8B

Gross Profit Total Revenue

Enbridge fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Accounts Payable	Intangible Assets	Short Term Debt	Other Assets	Good Will
Total Assets		0.97	0.17	0.94	0.98	0.99	0.99	-0.87	0.37	1.0	0.97	-0.12	0.7	0.87	0.99	0.76	0.07	-0.4	0.99	0.96	0.82	0.95	0.93	0.84	0.81	0.94
Short Long Term Debt Total	0.97		0.08	0.94	0.92	0.98	0.98	-0.92	0.54	0.97	0.94	-0.02	0.58	0.8	0.99	0.71	0.23	-0.39	0.99	0.99	0.9	0.89	0.94	0.92	0.84	0.87
Other Current Liab	0.17	0.08		0.37	0.11	0.26	0.22	0.12	-0.41	0.17	0.16	0.33	0.65	0.17	0.17	0.61	-0.02	0.2	0.2	0.12	0.12	0.04	0.1	-0.01	-0.06	-0.01
Total Current Liabilities	0.94	0.94	0.37		0.87	0.97	0.96	-0.82	0.38	0.93	0.91	0.08	0.75	0.79	0.95	0.85	0.16	-0.34	0.97	0.96	0.88	0.84	0.92	0.89	0.81	0.8
Total Stockholder Equity	0.98	0.92	0.11	0.87		0.94	0.95	-0.83	0.26	0.98	0.96	-0.24	0.69	0.9	0.94	0.69	-0.07	-0.47	0.94	0.9	0.71	0.97	0.87	0.76	0.76	0.98
Property Plant And Equipment Net	0.99	0.98	0.26	0.97	0.94		0.99	-0.85	0.39	0.99	0.95	-0.02	0.71	0.84	0.99	0.79	0.15	-0.35	0.99	0.97	0.85	0.9	0.91	0.85	0.79	0.88
Net Debt	0.99	0.98	0.22	0.96	0.95	0.99		-0.88	0.37	0.99	0.96	-0.08	0.7	0.86	1.0	0.8	0.12	-0.37	1.0	0.98	0.84	0.92	0.95	0.87	0.8	0.9
Retained Earnings	-0.87	-0.92	0.12	-0.82	-0.83	-0.85	-0.88		-0.55	-0.86	-0.88	0.14	-0.37	-0.79	-0.89	-0.59	-0.15	0.57	-0.88	-0.93	-0.78	-0.82	-0.88	-0.92	-0.74	-0.82
Cash	0.37	0.54	-0.41	0.38	0.26	0.39	0.37	-0.55		0.34	0.29	0.41	-0.21	0.09	0.44	0.0	0.67	-0.2	0.43	0.51	0.73	0.21	0.4	0.65	0.54	0.22
Non Current Assets Total	1.0	0.97	0.17	0.93	0.98	0.99	0.99	-0.86	0.34		0.97	-0.14	0.71	0.88	0.98	0.76	0.04	-0.41	0.98	0.95	0.8	0.95	0.92	0.83	0.8	0.95
Non Currrent Assets Other	0.97	0.94	0.16	0.91	0.96	0.95	0.96	-0.88	0.29	0.97		-0.2	0.68	0.9	0.95	0.77	0.01	-0.46	0.95	0.94	0.75	0.93	0.9	0.81	0.76	0.94
Cash And Short Term Investments	-0.12	-0.02	0.33	0.08	-0.24	-0.02	-0.08	0.14	0.41	-0.14	-0.2		-0.03	-0.3	-0.04	0.05	0.47	0.24	-0.02	-0.02	0.3	-0.33	-0.1	0.08	0.02	-0.37
Net Receivables	0.7	0.58	0.65	0.75	0.69	0.71	0.7	-0.37	-0.21	0.71	0.68	-0.03		0.73	0.66	0.9	-0.2	-0.07	0.68	0.6	0.48	0.7	0.64	0.42	0.51	0.64
Common Stock Shares Outstanding	0.87	0.8	0.17	0.79	0.9	0.84	0.86	-0.79	0.09	0.88	0.9	-0.3	0.73		0.83	0.77	-0.2	-0.49	0.83	0.8	0.55	0.88	0.78	0.67	0.59	0.9
Non Current Liabilities Total	0.99	0.99	0.17	0.95	0.94	0.99	1.0	-0.89	0.44	0.98	0.95	-0.04	0.66	0.83		0.76	0.18	-0.35	1.0	0.98	0.87	0.91	0.94	0.88	0.81	0.89
Inventory	0.76	0.71	0.61	0.85	0.69	0.79	0.8	-0.59	0.0	0.76	0.77	0.05	0.9	0.77	0.76		0.0	-0.14	0.78	0.74	0.64	0.69	0.76	0.61	0.54	0.63
Other Current Assets	0.07	0.23	-0.02	0.16	-0.07	0.15	0.12	-0.15	0.67	0.04	0.01	0.47	-0.2	-0.2	0.18	0.0		0.16	0.17	0.22	0.51	-0.16	0.06	0.26	0.26	-0.19
Other Stockholder Equity	-0.4	-0.39	0.2	-0.34	-0.47	-0.35	-0.37	0.57	-0.2	-0.41	-0.46	0.24	-0.07	-0.49	-0.35	-0.14	0.16		-0.35	-0.41	-0.26	-0.45	-0.35	-0.43	-0.32	-0.51
Total Liab	0.99	0.99	0.2	0.97	0.94	0.99	1.0	-0.88	0.43	0.98	0.95	-0.02	0.68	0.83	1.0	0.78	0.17	-0.35		0.98	0.88	0.9	0.94	0.89	0.82	0.88
Property Plant And Equipment Gross	0.96	0.99	0.12	0.96	0.9	0.97	0.98	-0.93	0.51	0.95	0.94	-0.02	0.6	0.8	0.98	0.74	0.22	-0.41	0.98		0.9	0.88	0.96	0.94	0.85	0.85
Total Current Assets	0.82	0.9	0.12	0.88	0.71	0.85	0.84	-0.78	0.73	0.8	0.75	0.3	0.48	0.55	0.87	0.64	0.51	-0.26	0.88	0.9		0.67	0.83	0.9	0.84	0.63
Accounts Payable	0.95	0.89	0.04	0.84	0.97	0.9	0.92	-0.82	0.21	0.95	0.93	-0.33	0.7	0.88	0.91	0.69	-0.16	-0.45	0.9	0.88	0.67		0.9	0.75	0.79	0.98
Intangible Assets	0.93	0.94	0.1	0.92	0.87	0.91	0.95	-0.88	0.4	0.92	0.9	-0.1	0.64	0.78	0.94	0.76	0.06	-0.35	0.94	0.96	0.83	0.9		0.91	0.85	0.86
Short Term Debt	0.84	0.92	-0.01	0.89	0.76	0.85	0.87	-0.92	0.65	0.83	0.81	0.08	0.42	0.67	0.88	0.61	0.26	-0.43	0.89	0.94	0.9	0.75	0.91		0.84	0.72
Other Assets	0.81	0.84	-0.06	0.81	0.76	0.79	0.8	-0.74	0.54	0.8	0.76	0.02	0.51	0.59	0.81	0.54	0.26	-0.32	0.82	0.85	0.84	0.79	0.85	0.84		0.72
Good Will	0.94	0.87	-0.01	0.8	0.98	0.88	0.9	-0.82	0.22	0.95	0.94	-0.37	0.64	0.9	0.89	0.63	-0.19	-0.51	0.88	0.85	0.63	0.98	0.86	0.72	0.72

Click cells to compare fundamentals

Enbridge Account Relationship Matchups

Enbridge fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	163.3B	160.3B	168.9B	179.6B	180.3B	189.3B
Short Long Term Debt Total	65.0B	66.9B	75.6B	81.0B	93.1B	97.8B
Other Current Liab	6.2B	6.4B	6.0B	6.9B	1.8B	2.5B
Total Current Liabilities	16.0B	14.0B	18.2B	20.3B	17.4B	18.3B
Total Stockholder Equity	66.0B	61.4B	60.8B	59.9B	61.5B	64.5B
Property Plant And Equipment Net	93.7B	94.6B	100.1B	104.5B	104.6B	109.9B
Net Debt	64.3B	66.4B	75.4B	80.1B	75.3B	79.1B
Retained Earnings	(6.3B)	(10.0B)	(11.0B)	(15.5B)	(17.1B)	(16.3B)
Cash	648M	452M	286M	861M	5.9B	6.2B
Non Current Assets Total	154.4B	152.9B	159.9B	167.5B	165.9B	174.2B
Non Currrent Assets Other	7.9B	9.0B	9.2B	10.1B	8.8B	9.2B
Cash And Short Term Investments	648M	452M	286M	861M	990.2M	1.0B
Net Receivables	6.5B	5.0B	6.2B	7.4B	4.5B	2.7B
Common Stock Shares Outstanding	1.7B	2.0B	2.0B	2.0B	2.1B	1.1B
Liabilities And Stockholders Equity	163.3B	160.3B	168.9B	179.6B	206.5B	216.9B
Non Current Liabilities Total	77.9B	81.9B	87.3B	95.9B	98.4B	103.3B
Inventory	1.3B	1.5B	1.7B	2.3B	1.5B	910.6M
Other Current Assets	355M	361M	259M	604M	1.5B	1.5B
Other Stockholder Equity	272M	496M	365M	275M	247.5M	235.1M
Total Liab	93.9B	95.9B	105.5B	116.2B	115.8B	121.6B
Property Plant And Equipment Gross	93.7B	94.6B	126.0B	134B	137.2B	144.1B
Total Current Assets	8.8B	7.4B	9.0B	12.1B	14.4B	15.1B
Accumulated Other Comprehensive Income	(272M)	(1.4B)	(1.1B)	3.5B	4.0B	4.3B
Accounts Payable	4.6B	3.5B	4.6B	5.3B	4.3B	4.6B
Intangible Assets	2.2B	2.1B	4.0B	4.0B	3.5B	3.7B
Short Term Debt	5.3B	4.1B	7.7B	8.0B	9.2B	9.7B
Other Assets	8.1B	(12M)	9.0B	9.9B	11.4B	12.0B
Good Will	33.2B	32.7B	32.8B	32.4B	31.8B	33.4B
Common Stock Total Equity	50.7B	64.7B	64.7B	64.8B	74.5B	78.2B
Common Stock	64.7B	64.8B	64.8B	64.8B	74.5B	37.8B
Other Liab	17.2B	18.1B	18.6B	22.3B	25.6B	16.2B
Net Tangible Assets	23.0B	18.9B	16.3B	16.6B	19.1B	16.6B
Long Term Debt	59.7B	62.8B	68.0B	72.9B	74.7B	59.1B
Deferred Long Term Liab	871M	548M	1.0B	1.6B	1.9B	1.9B
Long Term Investments	16.5B	13.8B	13.3B	15.9B	16.8B	13.3B
Short Long Term Debt	5.3B	4.1B	7.7B	8.0B	6.5B	5.5B
Property Plant Equipment	94.5B	95.4B	100.7B	105.1B	120.9B	88.6B
Long Term Debt Total	59.7B	62.9B	68.0B	73.0B	83.9B	63.3B
Capital Surpluse	187M	277M	365M	275M	247.5M	235.1M

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When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock:

How To Invest In Enbridge

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Is Enbridge Stock a good investment?

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What is Enbridge's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.

Note that the Enbridge information on this page should be used as a complementary analysis to other Enbridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running Enbridge's price analysis, check to measure Enbridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enbridge is operating at the current time. Most of Enbridge's value examination focuses on studying past and present price action to predict the probability of Enbridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enbridge's price. Additionally, you may evaluate how the addition of Enbridge to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Enbridge Price To Sales Ratio vs Dividend Yield Analysis

Price To Sales Ratio vs Dividend Yield

Price To Sales Ratio vs Dividend Yield Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Dividend Yield

Enbridge fundamental ratios Correlations

Enbridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enbridge fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Enbridge Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Net Debt
Total Liab	+ 1.0	Net Debt
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Net Debt	+ 0.99	Total Assets

Property Plant And Equipment Gross	- 0.93	Retained Earnings
Short Term Debt	- 0.92	Retained Earnings
Retained Earnings	- 0.92	Short Long Term Debt Total
Non Current Liabilities Total	- 0.89	Retained Earnings
Intangible Assets	- 0.88	Retained Earnings
Total Liab	- 0.88	Retained Earnings