Enbridge (ENB) vs South Bow (SOBO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
South Bow (SOBO) has outperformed Enbridge (ENB) over the past year, gaining 19.0% versus a loss of 5.1%. Enbridge is the larger company by market cap ($103.67 billion vs $6.91 billion), about 15.0 times the size. On valuation, South Bow trades at a lower forward P/E (17.1x vs 20.7x for Enbridge).
Enbridge offers the higher dividend yield (8.23% vs 6.04%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ENB | SOBO |
|---|---|---|
| Share price | $46.52 | $33.12 |
| Market cap | $103.67B | $6.91B |
| 1-day change | -0.05% | -2.13% |
| YTD return | -2.70% | +23.19% |
| 1-year return | -5.08% | +19.03% |
| 5-year return | +9.35% | — |
| P/E ratio (TTM) | 24.87 | 15.05 |
| Forward P/E | 20.65 | 17.06 |
| EPS (TTM) | $1.87 | $2.20 |
| Dividend yield | 8.23% | 6.04% |
| Annual dividend | $3.83 | $2.00 |
| Revenue (latest FY) | — | $1.99B |
| Revenue growth (YoY) | — | -6.32% |
| Net income (latest FY) | — | $433.00M |
| Gross margin | — | 84.24% |
| Net margin | — | 21.80% |
| 52-week high | $58.45 | $39.02 |
| 52-week low | $45.03 | $25.02 |
| Distance from 52-week high | -20.42% | -15.12% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +10.18% | +7.00% |
| Average volume | 4.92M | 618.51K |
| Shares outstanding | 2.23B | 208.59M |
| Employees | 14,800 | — |
| Sector | Energy | Energy |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Enbridge is about 15.0 times larger than South Bow by market value ($103.67B vs $6.91B).
- SOBO has outperformed ENB by 24.1 percentage points over the past year.
- Enbridge trades at a higher earnings multiple (24.9x vs 15.1x trailing P/E).
- Enbridge offers a meaningfully higher dividend yield (8.23% vs 6.04%).
About Enbridge
ENB stock →Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.
Energy · Natural Gas Distribution · 14,800 employees
About South Bow
SOBO stock →South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other.
Energy · Natural Gas Distribution
ENB vs SOBO FAQ
Which is bigger, Enbridge or South Bow?
Enbridge (ENB) is larger, with a market capitalization of $103.67B compared with $6.91B for South Bow (SOBO).
Which stock has performed better over the past year, ENB or SOBO?
SOBO returned +19.03% over the past 12 months, compared with -5.08% for ENB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ENB or SOBO?
SOBO has the lower trailing P/E at 15.1, versus 24.9 for ENB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Enbridge or South Bow?
Enbridge has the higher yield at 8.23%, compared with 6.04% for South Bow.
Are Enbridge and South Bow in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Energy sector.