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ENB vs. OVV: Enbridge vs. Ovintiv Stock Comparison

How do Enbridge (ENB) and Ovintiv (OVV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Enbridge (ENB) and Ovintiv (OVV) both belong to the Oil, Gas & Consumable Fuels industry, though ENB is classified under Oil & Gas Storage & Transportation while OVV falls under Oil & Gas Exploration & Production.

Company profile comparison for Enbridge (ENB) and Ovintiv (OVV)
Profile ItemENBOVV
NameEnbridge Inc.Ovintiv Inc.
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Exploration & Production
Market Capitalization104.51 billion USD16.26 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 15, 1984April 8, 2002
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ENB
OVV
GSPC
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Enbridge (ENB) vs. Ovintiv (OVV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Enbridge (ENB) and Ovintiv (OVV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Enbridge (ENB) and Ovintiv (OVV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Enbridge (ENB) and Ovintiv (OVV)
MetricENBOVV
Total Return (1Y)3.49%60.20%
Total Return (3Y, Annualized)19.14%14.43%
Total Return (5Y, Annualized)8.72%13.60%

Risk Profile

Drawdown History

ENB
OVV
GSPC
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Enbridge (ENB) vs. Ovintiv (OVV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Enbridge (ENB) and Ovintiv (OVV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Enbridge (ENB) and Ovintiv (OVV)
MetricENBOVV
Volatility (1Y, Annualized)18.30%36.62%
Beta (5Y)0.590.61
Max Drawdown (5Y)-28.31%-47.13%
Avg. Volume (3M)5.05M3.34M

Risk-Adjusted Performance

Risk-Return Positioning

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ENB and OVV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Enbridge (ENB) and Ovintiv (OVV)
MetricENBOVV
Sharpe Ratio (1Y)-0.041.53
Sortino Ratio (1Y)-0.062.22

Profitability

ROE (TTM)

Both Enbridge (ENB) at 9.22% and Ovintiv (OVV) at 12.10% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ENB

Energy industry group

9.22%

Max
53.85%
Q3
24.79%
Median
12.85%
ENB
9.22%
Q1
2.03%
Min
-29.09%

OVV

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
OVV
12.10%
Q1
2.03%
Min
-29.09%
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Enbridge (ENB) at 7.34% and Ovintiv (OVV) at 13.13% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ENB

Energy industry group

7.34%

Max
56.92%
Q3
22.92%
Median
10.10%
ENB
7.34%
Q1
0.07%
Min
-27.38%

OVV

Energy industry group

13.13%

Max
56.92%
Q3
22.92%
OVV
13.13%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Ovintiv (OVV) at 34.32% operates in the top operating margin quartile, ahead of Enbridge (ENB) at 10.16%, which runs around its industry’s norm.

ENB

Energy industry group

10.16%

Max
71.31%
Q3
33.75%
Median
18.73%
ENB
10.16%
Q1
6.94%
Min
-24.52%

OVV

Energy industry group

34.32%

Max
71.31%
OVV
34.32%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Enbridge (ENB) and Ovintiv (OVV)
MetricENBOVV
ROE (TTM)9.22%12.10%
ROA (TTM)3.29%10.13%
Net Margin (TTM)7.34%13.13%
Operating Margin (TTM)10.16%34.32%
Gross Margin (TTM)32.59%55.81%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% sits in the top revenue growth quartile, while Ovintiv (OVV) at -2.67% is closer to the peer norm — faster top-line expansion for ENB.

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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Enbridge (ENB) at 37.61% sits in the top EPS growth quartile, while Ovintiv (OVV) at 13.54% is closer to the peer norm — faster per-share earnings growth for ENB.

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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Enbridge (ENB) and Ovintiv (OVV)
MetricENBOVV
Revenue Growth (YoY)21.92%-2.67%
Revenue Growth (3Y CAGR)6.94%-10.59%
EPS Growth (YoY)37.61%13.54%
EPS Growth (3Y CAGR)36.00%-30.24%

Financial Strength

Current Ratio (MRQ)

Both Enbridge (ENB) at 0.72 and Ovintiv (OVV) at 0.84 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

ENB

Energy industry group

0.72

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
ENB
0.72
Min
0.24

OVV

Energy industry group

0.84

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
OVV
0.84
Min
0.24
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Ovintiv (OVV) at 0.44 carries an industry-typical debt-to-equity mix, while Enbridge (ENB) at 1.63 uses more debt funding than most peers.

ENB

Energy industry group

1.63

Max
1.75
ENB
1.63
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00

OVV

Energy industry group

0.44

Max
1.75
Q3
0.93
Median
0.54
OVV
0.44
Q1
0.30
Min
0.00
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Enbridge (ENB) and Ovintiv (OVV)
MetricENBOVV
Current Ratio (MRQ)0.720.84
Debt / Equity (MRQ)1.630.44
Net Debt / EBITDA6.330.91

Dividends

Dividend Yield (TTM)

Enbridge (ENB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Ovintiv (OVV) reports a yield of 1.97%, ranking against industry peers normally.

ENB

Energy industry group

0.00%

Max
8.57%
Q3
3.58%
Median
1.71%
ENB
0.00%
Q1
0.00%
Min
0.00%

OVV

Energy industry group

1.97%

Max
8.57%
Q3
3.58%
OVV
1.97%
Median
1.71%
Q1
0.00%
Min
0.00%
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 147.68%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Ovintiv (OVV) reports 23.95%, ranking against industry peers normally.

ENB

Energy industry group

147.68%

ENB
147.68%
Max
133.24%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%

OVV

Energy industry group

23.95%

Max
133.24%
Q3
53.31%
Median
25.24%
OVV
23.95%
Q1
0.00%
Min
0.00%
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Enbridge (ENB) and Ovintiv (OVV)
MetricENBOVV
Dividend Yield (TTM)0.00%1.97%
Dividend Payout Ratio (TTM)147.68%23.95%

Valuation

P/E Ratio (TTM)

Ovintiv (OVV) at 12.08 is near its industry’s usual P/E ratio, while Enbridge (ENB) at 22.65 sits in the richer quartile — ENB needs stronger growth or earnings quality to justify the premium.

ENB

Energy industry group

22.65

Max
39.54
ENB
22.65
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99

OVV

Energy industry group

12.08

Max
39.54
Q3
21.72
Median
12.19
OVV
12.08
Q1
7.71
Min
2.99
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Enbridge (ENB) at 1.25 and Ovintiv (OVV) at 1.62 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ENB

Energy industry group

1.25

Max
5.40
Q3
2.85
Median
1.69
ENB
1.25
Q1
0.88
Min
0.00

OVV

Energy industry group

1.62

Max
5.40
Q3
2.85
Median
1.69
OVV
1.62
Q1
0.88
Min
0.00
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Ovintiv (OVV) at 1.41 is valued about in line with its industry on P/B ratio, while Enbridge (ENB) at 2.59 carries an above-peer premium to book — ENB is pricier on assets.

ENB

Energy industry group

2.59

Max
4.21
ENB
2.59
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

OVV

Energy industry group

1.41

Max
4.21
Q3
2.38
Median
1.51
OVV
1.41
Q1
1.08
Min
0.01
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Enbridge (ENB) vs. Ovintiv (OVV): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Enbridge (ENB) and Ovintiv (OVV)
MetricENBOVV
P/E Ratio (TTM)22.6512.08
P/S Ratio (TTM)1.251.62
P/B Ratio (MRQ)2.591.41
Free Cash Flow Yield (TTM)-1.01%5.54%