TC Energy Corporation (TRP) P/E Ratio History
Historical price-to-earnings valuation from 2004 to 2025
Loading P/E history...
TRP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, TC Energy Corporation (TRP) trades at a price-to-earnings ratio of 27.2x, with a stock price of $65.49 and trailing twelve-month earnings per share of $3.38.
The current P/E is 53% above its 5-year average of 17.8x. Over the past five years, TRP's P/E has ranged from a low of 7.8x to a high of 51.1x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Energy sector median P/E of 16.9x, TRP trades at a 61% premium to its sector peers. The sector includes 174 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, TRP trades roughly in line with the S&P 500 median P/E of 25.2x. 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 TRP 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.
TRP P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $118B | 16.8 | 1.00 | +38% | |
| $70B | 23.1 | 0.24Best | +17% | |
| $90B | 34.5 | 0.52 | +18% | |
| $68B | 14.7 | - | +5% | |
| $81B | 14.1 | 1.53 | -1% | |
| $54B | 15.8 | 0.51 | +5% | |
| $30M | 1.8Lowest | - | +235%Best | |
| $57B | 11.5 | - | +14% | |
| $16B | 30.4 | - | -48% | |
| $11B | 24.0 | - | +206% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
TRP Historical P/E Data (2004–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $55.01 | $3.27 | 16.8x | -2% |
| FY2025 Q3 | $54.41 | $3.26 | 16.7x | -3% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $48.79 | $4.09 | 11.9x | -31% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $47.21 | $4.22 | 11.2x | -35% |
| FY2024 Q4 | $46.53 | $4.44 | 10.5x | -39% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $43.31 | $4.91 | 8.8x | -49% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $34.52 | $3.33 | 10.4x | -40% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $36.62 | $2.64 | 13.9x | -19% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $35.61 | $2.77 | 12.9x | -25% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $36.81 | $0.98 | 37.6x | +118% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $35.44 | $1.64 | 21.6x | +26% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $36.31 | $0.71 | 51.1x | +197% |
Average P/E for displayed period: 17.2x
Full TRP Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See TRP's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs TRP Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare TRP vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonTRP — Frequently Asked Questions
Quick answers to the most common questions about buying TRP stock.
Is TRP stock overvalued or undervalued?
TRP trades at 27.2x P/E, above its 5-year average of 17.8x. The 90th percentile ranking indicates a premium to historical valuation.
How does TRP's valuation compare to peers?
TC Energy Corporation P/E of 27.2x compares to sector median of 16.9x. The premium reflects expected growth above peers.
What is TRP's PEG ratio?
TRP PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2004-2025.