In today's "Ask a Fool", a reader writes in to complain about Enbridge,'s (NYSE:ENB) astronomical price-to-earnings ratio! Can the price of this stock really be justified?

Enbridge, a Canadian energy delivery company, has been growing at 17% for the last five years, but its EPS has been shrinking. So what explains its incredible price multiple? Investors may be looking for value beyond the company's earnings -- and they might be right to do so.

Tune in to hear the Motley Fool's energy sector analysts explain what to look for in an energy stock's P/E, and tell us whether you agree or not in the comments below.