TransCanada PipeLines Limited 6 (TCPA) P/E Ratio History
Historical price-to-earnings valuation from 2026 to 2026
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TCPA Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, TransCanada PipeLines Limited 6 (TCPA) trades at a price-to-earnings ratio of 7.3x, with a stock price of $24.00 and trailing twelve-month earnings per share of $1.38.
Compared to the Industrials sector median P/E of 25.5x, TCPA trades at a 71% discount to its sector peers. The sector includes 413 companies with P/E ratios ranging from 0.0x to 185.3x.
The PEG ratio of 0.74 (P/E divided by 15% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, TCPA trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TCPA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
TCPA P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $68B | 27.2 | - | -26% | |
| $118B | 16.8 | 1.00 | +38% | |
| $70B | 23.0 | 0.24Best | +17% | |
| $89B | 34.1 | 0.52 | +18% | |
| $69B | 14.8 | - | +5% | |
| $82B | 14.2Lowest | 1.54 | -1% | |
| $54B | 15.8 | 0.52 | +5% | |
| $54B | 29.6 | - | +48% | |
| $12B | 25.4 | - | +206%Best | |
| $16B | 30.3 | - | -48% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Full TCPA Stock Analysis
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See TCPA's True Return
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Launch CalculatorIs TCPA Undervalued?
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Start ComparisonTCPA — Frequently Asked Questions
Quick answers to the most common questions about buying TCPA stock.
Is TCPA stock overvalued or undervalued?
TCPA current P/E: 7.3x. 5-year average P/E: N/A. Percentile: N/A.
How does TCPA's valuation compare to peers?
TransCanada PipeLines Limited 6 P/E of 7.3x compares to sector median of 25.5x. The discount suggests lower growth expectations or higher risk.
What is TCPA's PEG ratio?
TCPA PEG ratio is 0.74. Below 1.0 indicates valuation is supported by earnings growth rate. Historical P/E data spans 2026-2026.