Enbridge Ptb Ratio vs Book Value Per Share 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 Ptb Ratio and its Book Value Per Share 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.
Ptb Ratio vs Book Value Per Share
Ptb Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enbridge Ptb Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have pay attention.
The correlation between Enbridge's Ptb Ratio and Book Value Per Share is -0.82. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Enbridge, assuming nothing else is changed. The correlation between historical values of Enbridge's Ptb Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Enbridge are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Ptb Ratio i.e., Enbridge's Ptb Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.82 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.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 |
Enbridge fundamental ratios Correlations
Click cells to compare fundamentals
Enbridge Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Try AI Portfolio ArchitectCheck 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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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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