Enbridge Inc (ENB) is slightly overvalued and Cheniere Energy Inc (LNG) is undervalued.
Against our estimates of intrinsic value, LNG trades at the wider discount: a margin of safety of +50%, against -10% for ENB.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 7.0% (average of 3 methods) values the shares at $42.82; the price of $47.12 is 10% above that value, and 84% of that value comes from beyond year five.
Leak Score 30/100 on 11 of 12 signals
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $574.99; the price of $286.60 is 50% below that value, and 74% of that value comes from beyond year five.
Leak Score 73/100 on 11 of 12 signals
| Metric | ENB | LNG |
|---|---|---|
| Verdict | Slightly overvalued | Undervalued |
| Price | $47.12 | $286.60 |
| Intrinsic value | $42.82 | $574.99 |
| Margin of safety | -10% | +50% |
| Leak Score | 30/100 (11/12) | 73/100 (11/12) |
| Market cap | $106.9B | $59.2B |
| Revenue growth, 5 years | 10.0% | 15.9% |
| Operating margin | 13.3% | 30.2% |
| Net margin | 6.8% | 13.2% |
| Return on equity | 9.4% | 45.1% |
| Debt to equity | 1.72 | 4.29 |
| P/E | 25.0x | 21.3x |
| Forward P/E | 21.0x | 16.2x |
| P/B | 2.5x | 9.6x |
| Dividend yield | 5.9% | 0.8% |