TRP PE Ratio & Valuation,Is TRP Overvalued

TRP Relative Valuation

TRP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TRP is overvalued; if below, it's undervalued.

Historical Valuation

TC Energy Corp (TRP) is now in the Overvalued zone, suggesting that its current forward PE ratio of 20.26 is considered Overvalued compared with the five-year average of 15.06. The fair price of TC Energy Corp (TRP) is between 37.95 to 48.15 according to relative valuation methord. Compared to the current price of 54.66 USD , TC Energy Corp is Overvalued By 13.52%.

Relative Value

Fair Zone

37.95-48.15

Current Price：54.66

13.52%

Overvalued

20.26

12.66

EV/EBITDA

TC Energy Corp. (TRP) has a current EV/EBITDA of 12.66. The 5-year average EV/EBITDA is 11.94. The thresholds are as follows: Strongly Undervalued below 9.92, Undervalued between 9.92 and 10.93, Fairly Valued between 12.94 and 10.93, Overvalued between 12.94 and 13.95, and Strongly Overvalued above 13.95. The current Forward EV/EBITDA of 12.66 falls within the Historic Trend Line -Fairly Valued range.

16.32

EV/EBIT

TC Energy Corp. (TRP) has a current EV/EBIT of 16.32. The 5-year average EV/EBIT is 15.95. The thresholds are as follows: Strongly Undervalued below 13.50, Undervalued between 13.50 and 14.72, Fairly Valued between 17.17 and 14.72, Overvalued between 17.17 and 18.40, and Strongly Overvalued above 18.40. The current Forward EV/EBIT of 16.32 falls within the Historic Trend Line -Fairly Valued range.

4.73

TC Energy Corp. (TRP) has a current PS of 4.73. The 5-year average PS is 4.07. The thresholds are as follows: Strongly Undervalued below 2.97, Undervalued between 2.97 and 3.52, Fairly Valued between 4.62 and 3.52, Overvalued between 4.62 and 5.17, and Strongly Overvalued above 5.17. The current Forward PS of 4.73 falls within the Overvalued range.

8.75

P/OCF

TC Energy Corp. (TRP) has a current P/OCF of 8.75. The 5-year average P/OCF is 8.17. The thresholds are as follows: Strongly Undervalued below 5.98, Undervalued between 5.98 and 7.08, Fairly Valued between 9.27 and 7.08, Overvalued between 9.27 and 10.37, and Strongly Overvalued above 10.37. The current Forward P/OCF of 8.75 falls within the Historic Trend Line -Fairly Valued range.

30.91

P/FCF

TC Energy Corp. (TRP) has a current P/FCF of 30.91. The 5-year average P/FCF is -8.33. The thresholds are as follows: Strongly Undervalued below -410.82, Undervalued between -410.82 and -209.58, Fairly Valued between 192.91 and -209.58, Overvalued between 192.91 and 394.16, and Strongly Overvalued above 394.16. The current Forward P/FCF of 30.91 falls within the Historic Trend Line -Fairly Valued range.

TC Energy Corp (TRP) has a current Price-to-Book (P/B) ratio of 3.14. Compared to its 3-year average P/B ratio of 2.22 , the current P/B ratio is approximately 41.24% higher. Relative to its 5-year average P/B ratio of 2.17, the current P/B ratio is about 44.39% higher. TC Energy Corp (TRP) has a Forward Free Cash Flow (FCF) yield of approximately 2.59%. Compared to its 3-year average FCF yield of 0.12%, the current FCF yield is approximately 2070.06% lower. Relative to its 5-year average FCF yield of 0.14% , the current FCF yield is about 1717.32% lower.

3.14

P/B

Median3y

2.22

Median5y

2.17

2.59

FCF Yield

Median3y

0.12

Median5y

0.14

Competitors Valuation Multiple

The average P/S ratio for TRP's competitors is 3.43, providing a benchmark for relative valuation. TC Energy Corp Corp (TRP) exhibits a P/S ratio of 4.73, which is 37.86% above the industry average. Given its robust revenue growth of 10.30%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of TRP increased by 17.47% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 14.03 to 21.04.

The secondary factor is the Revenue Growth, contributed 10.30%to the performance.

Overall, the performance of TRP in the past 1 year is driven by P/E Change. Which is more unsustainable.

10.30%

3.36B → 3.70B

Revenue Growth

-42.72%

45.62 → 26.13

Margin Expansion

49.89%

14.03 → 21.04

P/E Change

17.47%

46.53 → 54.66

Mkt Cap Growth

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Frequently Asked Questions

Is TC Energy Corp (TRP) currently overvalued or undervalued?

What is TC Energy Corp (TRP) fair value?

TRP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of TC Energy Corp (TRP) is between 37.95 to 48.15 according to relative valuation methord.

How does TRP's valuation metrics compare to the industry average?

What is the current P/B ratio for TC Energy Corp (TRP) as of Dec 15 2025?

As of Dec 15 2025, TC Energy Corp (TRP) has a P/B ratio of 3.14. This indicates that the market values TRP at 3.14 times its book value.

What is the current FCF Yield for TC Energy Corp (TRP) as of Dec 15 2025?

As of Dec 15 2025, TC Energy Corp (TRP) has a FCF Yield of 2.59%. This means that for every dollar of TC Energy Corp’s market capitalization, the company generates 2.59 cents in free cash flow.

What is the current Forward P/E ratio for TC Energy Corp (TRP) as of Dec 15 2025?

As of Dec 15 2025, TC Energy Corp (TRP) has a Forward P/E ratio of 20.26. This means the market is willing to pay $20.26 for every dollar of TC Energy Corp’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for TC Energy Corp (TRP) as of Dec 15 2025?

As of Dec 15 2025, TC Energy Corp (TRP) has a Forward P/S ratio of 4.73. This means the market is valuing TRP at $4.73 for every dollar of expected revenue over the next 12 months.

TRP Valuation