ENB vs. TS: Enbridge vs. Tenaris Stock Comparison

November 11, 2026

How do Enbridge (ENB) and Tenaris (TS) 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 Tenaris (TS) both fall under the Energy industry group, but ENB is classified in Oil, Gas & Consumable Fuels while TS is classified in Energy Equipment & Services.

Enbridge (ENB) trades as ordinary local shares, while Tenaris (TS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Enbridge (ENB) and Tenaris (TS)
Profile Item	ENB	TS
Name	Enbridge Inc.	Tenaris S.A. American Depositary Shares
Country/Region	Canada	Luxembourg
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Energy Equipment & Services
GICS Sub-Industry	Oil & Gas Storage & Transportation	Oil & Gas Equipment & Services
Market Capitalization	104.51 billion USD	29.71 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 15, 1984	December 16, 2002
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

ENB

GSPC

Enbridge (ENB) vs. Tenaris (TS), 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 Tenaris (TS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Enbridge (ENB) and Tenaris (TS)
Metric	ENB	TS
Total Return (1Y)	3.49%	49.29%
Total Return (3Y, Annualized)	19.14%	24.84%
Total Return (5Y, Annualized)	8.72%	22.48%

Risk Profile

Drawdown History

ENB

GSPC

Enbridge (ENB) vs. Tenaris (TS), 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 Tenaris (TS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Enbridge (ENB) and Tenaris (TS)
Metric	ENB	TS
Volatility (1Y, Annualized)	18.30%	29.07%
Beta (5Y)	0.59	0.88
Max Drawdown (5Y)	-28.31%	-33.71%
Avg. Volume (3M)	5.05M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

ENB and TS 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 Tenaris (TS)
Metric	ENB	TS
Sharpe Ratio (1Y)	-0.04	1.55
Sortino Ratio (1Y)	-0.06	2.30

Profitability

ROE (TTM)

Both Enbridge (ENB) at 9.22% and Tenaris (TS) at 11.86% 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%

TS

Energy industry group

11.86%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TS: 11.86%
Q1: 2.03%
Min: -29.09%

Enbridge (ENB) vs. Tenaris (TS): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Enbridge (ENB) at 7.34% and Tenaris (TS) at 16.24% 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%

TS

Energy industry group

16.24%

Max: 56.92%
Q3: 22.92%
TS: 16.24%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Enbridge (ENB) vs. Tenaris (TS): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Enbridge (ENB) at 10.16% and Tenaris (TS) at 19.26% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ENB

Energy industry group

10.16%

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

TS

Energy industry group

19.26%

Max: 71.31%
Q3: 33.75%
TS: 19.26%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Enbridge (ENB) vs. Tenaris (TS): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Enbridge (ENB) and Tenaris (TS)
Metric	ENB	TS
ROE (TTM)	9.22%	11.86%
ROA (TTM)	3.29%	6.69%
Net Margin (TTM)	7.34%	16.24%
Operating Margin (TTM)	10.16%	19.26%
Gross Margin (TTM)	32.59%	38.54%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% sits in the top revenue growth quartile, while Tenaris (TS) at -4.33% is closer to the peer norm — faster top-line expansion for ENB.

Enbridge (ENB) vs. Tenaris (TS): 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 Tenaris (TS) at 1.11% is closer to the peer norm — faster per-share earnings growth for ENB.

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

Growth Metrics

Growth metrics for Enbridge (ENB) and Tenaris (TS)
Metric	ENB	TS
Revenue Growth (YoY)	21.92%	-4.33%
Revenue Growth (3Y CAGR)	6.94%	0.62%
EPS Growth (YoY)	37.61%	1.11%
EPS Growth (3Y CAGR)	36.00%	-5.38%

Financial Strength

Current Ratio (MRQ)

Tenaris (TS) at 3.25 carries current ratio above its industry’s typical mid-range, while Enbridge (ENB) at 0.72 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

ENB

Energy industry group

0.72

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

TS

Energy industry group

3.25

Max: 3.64
TS: 3.25
Q3: 2.21
Median: 1.41
Q1: 0.88
Min: 0.24

Enbridge (ENB) vs. Tenaris (TS): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Tenaris (TS) at 0.03 keeps leverage in the lower quartile, while Enbridge (ENB) at 1.63 sits in the higher-leverage quartile.

ENB

Energy industry group

1.63

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

TS

Energy industry group

0.03

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
TS: 0.03
Min: 0.00

Enbridge (ENB) vs. Tenaris (TS): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Enbridge (ENB) and Tenaris (TS)
Metric	ENB	TS
Current Ratio (MRQ)	0.72	3.25
Debt / Equity (MRQ)	1.63	0.03
Net Debt / EBITDA	6.33	-0.90

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 Tenaris (TS) reports a yield of 2.11%, 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%

TS

Energy industry group

2.11%

Max: 8.57%
Q3: 3.58%
TS: 2.11%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Enbridge (ENB) vs. Tenaris (TS): 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 Tenaris (TS) reports 45.64%, 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%

TS

Energy industry group

45.64%

Max: 133.24%
Q3: 53.31%
TS: 45.64%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Enbridge (ENB) vs. Tenaris (TS): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Enbridge (ENB) and Tenaris (TS)
Metric	ENB	TS
Dividend Yield (TTM)	0.00%	2.11%
Dividend Payout Ratio (TTM)	147.68%	45.64%

Valuation

P/E Ratio (TTM)

Tenaris (TS) at 15.09 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

TS

Energy industry group

15.09

Max: 39.54
Q3: 21.72
TS: 15.09
Median: 12.19
Q1: 7.71
Min: 2.99

Enbridge (ENB) vs. Tenaris (TS): 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 Tenaris (TS) at 2.44 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

TS

Energy industry group

2.44

Max: 5.40
Q3: 2.85
TS: 2.44
Median: 1.69
Q1: 0.88
Min: 0.00

Enbridge (ENB) vs. Tenaris (TS): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both Enbridge (ENB) at 2.59 and Tenaris (TS) at 3.53 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

ENB

Energy industry group

2.59

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

TS

Energy industry group

3.53

Max: 4.21
TS: 3.53
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Enbridge (ENB) vs. Tenaris (TS): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Enbridge (ENB) and Tenaris (TS)
Metric	ENB	TS
P/E Ratio (TTM)	22.65	15.09
P/S Ratio (TTM)	1.25	2.44
P/B Ratio (MRQ)	2.59	3.53
Free Cash Flow Yield (TTM)	-1.01%	6.50%