Both stocks run through our valuation models. Here is how South Bow (SOBO) and Enbridge (ENB) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: South Bow trades at $36.61 versus a fair value of $19.01 (-48%), while Enbridge trades at $51.29 versus $35.83 (-30%).
South Bow
SOBO · USD · Energy
-48%
upside to fair value
overvalued
Price$36.61
Fair Value$19.01
Quality48/100
Enbridge
ENB · USD · Energy
-30%
upside to fair value
overvalued
Price$51.29
Fair Value$35.83
Quality39/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
South BowEnbridge
Valuation
18.6×P/E (TTM)24.5×
3.96×P/S (TTM)1.78×
2.90×P/B1.43×
13.7×EV/EBITDA12.9×
—PEG5.32×
5.3%Dividend yield6.8%
$2.00Dividend per share$3.80
Profitability
21%Net margin10%
33%Operating margin15%
16%Return on equity10%
4%Return on assets3%
Growth
-1%Revenue growth (YoY)21%
—Avg. growth/yr (3Y)6.9%
—Avg. growth/yr (5Y)10.8%
Balance & size
2.13×Debt / equity1.15×
$8BMarket cap$123B
weakGrowth qualityexpensive
Enbridge leads: 5 to 6 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
South Bowof which business quality 46 · market factors 78Enbridgeof which business quality 39 · market factors 60
ProfitabilityMargins and returns on capital today
41
29
Quality GrowthAre margins and returns improving?
18
49
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
49
20
Low VolatilityCalm price path (market factor)
85
86
MomentumPrice trend over the last 3–12 months (market factor)
70
47
52W MomentumDistance to the 52-week high (market factor)
84
53
Net IssuanceBuybacks instead of dilution
77
62
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
South Bow
DCF Models$5.65
Earnings-Based$17.56
Dividend Discount$20.72
Multiples$23.34
Asset-Based$8.69
Growth DCF$9.06
Economic Profit$16.35
Growth Earnings$22.80
14 of 14 models see the stock below the current price.
Enbridge
DCF Models$11.43
Earnings-Based$47.20
Dividend Discount$95.43
Multiples$35.83
Asset-Based$26.24
Growth DCF$4.03
Economic Profit$18.87
Growth Earnings$58.48
19 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
South Bow
Bear $17.50Fair Value $19.01Bull $29.17
$36.61 = current price (white tick)
Enbridge
Bear $33.04Fair Value $35.83Bull $46.53
$51.29 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
South Bow · Energy
Quality score48 · below median
Fair value upside-48% · below median
Enbridge · Energy
Quality score39 · below median
Fair value upside-30% · below median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Enbridge as the less overvalued of the two: South Bow trades at $36.61 versus a fair value of $19.01 (-48%), while Enbridge trades at $51.29 versus $35.83 (-30%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
