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TC Energy Corp
NYSE:TRP

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TC Energy Corp
NYSE:TRP
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Price: 66.93 USD 4.64% Market Closed
Market Cap: $69.4B

P/E

27.9
Current
61%
More Expensive
vs 3-y average of 17.3

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
27.9
=
Market Cap
$90.4B
/
Net Income
CA$3.4B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
27.9
=
Market Cap
$90.4B
/
Net Income
CA$3.4B

Valuation Scenarios

TC Energy Corp is trading above its 3-year average

If P/E returns to its 3-Year Average (17.3), the stock would be worth $41.55 (38% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-46%
Maximum Upside
No Upside Scenarios
Average Downside
38%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 27.9 $66.93
0%
3-Year Average 17.3 $41.55
-38%
5-Year Average 17.8 $42.75
-36%
Industry Average 15 $35.94
-46%
Country Average 18.6 $44.72
-33%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
$90.4B
/
Jan 2026
CA$3.4B
=
27.9
Current
$90.4B
/
Dec 2026
CA$3.9B
=
23.3
Forward
$90.4B
/
Dec 2027
CA$4B
=
22.4
Forward
$90.4B
/
Dec 2028
CA$4.4B
=
20.6
Forward
$90.4B
/
Dec 2029
CA$4.5B
=
20.1
Forward
$90.4B
/
Dec 2030
CA$4.9B
=
18.3
Forward
$90.4B
/
Dec 2031
CA$5.8B
=
15.6
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

In line with most companies in Canada
Percentile
54rd
Based on 1 768 companies
54rd percentile
20.5
Low
0 — 14.2
Typical Range
14.2 — 29.3
High
29.3 —
Distribution Statistics
Canada
Min 0
30th Percentile 14.2
Median 18.6
70th Percentile 29.3
Max 19 628.5

TC Energy Corp
Glance View

In the heart of North America, TC Energy Corp. stands as a titan in the energy infrastructure sector, weaving a complex tapestry of pipelines, power generation, and energy storage systems. The company, well-embedded in the landscape of Canada, the United States, and Mexico, orchestrates the movement of an essential commodity—natural gas—through a sophisticated network of over 93,300 kilometers of pipelines. This sprawling infrastructure not only ensures the smooth flow of natural gas to meet residential and industrial demand but substantially contributes to its robust revenue streams. Additionally, TC Energy extends its expertise into liquid pipelines, predominantly crude oil, tapping into North America's abundant energy resources to transport products across long distances. This multifaceted pipeline system endows the company with a crucial role in securing energy accessibility and reliability throughout the continent. Beyond its pipelines, TC Energy delves into the power generation realm, strategically investing in both traditional and renewable energy assets. Through its diversified energy offerings, the company plays a significant role in ensuring energy sustainability for the future. Its power ventures, which include natural gas-fired and nuclear facilities, generate a stable stream of revenue, complementing its core pipeline business. Moreover, TC Energy's commitment to sustainable practices is evident in its strategic focus on renewable energy sources, aligning with global trends toward cleaner energy. By blending traditional and innovative approaches, TC Energy Corp. not only functions as a pivotal energy transporter but also as a dynamic player in the modern energy landscape, deftly balancing current demands while embracing future opportunities.

TRP Intrinsic Value
56.58 USD
Overvaluation 15%
Intrinsic Value
Price $66.93
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