P/E Ratio
Higher than 76% of Energy sector peers
Updated 166h ago
Sector Performance
76th percentileTRP
21.0x
Sector Median
14.3x
Sector Avg
16.4x
Deep Analysis
The current P/E ratio of 21.0x means that investors are paying $21.00 for every $1.00 of TC Energy’s earnings over the past year.
This ratio is above the sector median of 14.8x, placing the company in the 72nd percentile among Energy peers, indicating it trades at a higher valuation than most similar firms. Trend data for the metric is not available: the year-over-year change and quarter-over-quarter change are both listed as N/A, and there is no historical data beyond the current figure. With an elevated P/E and no trend to assess direction, the risk lies in potential overvaluation, but the lack of movement means there is no clear signal of deteriorating or improving sentiment. This combination does not contradict the overall NEUTRAL verdict — the high relative valuation is a concern, but without trend data it is not a definitive negative, so the metric supports a neutral stance.
Frequently Asked Questions
What does the P/E Ratio tell investors about TRP?
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
How is the P/E Ratio calculated?
P/E Ratio is calculated as: Price / EPS.
How does TRP's P/E Ratio compare to its sector?
TRP's P/E Ratio of 21.0x compares to a Energy sector median of 14.3x, placing it in the 76th percentile.
Who are TRP's closest peers by P/E Ratio?
The closest Energy peers by P/E Ratio include: EPD (14.0x), MTDR (14.6x), PXD (13.2x), SHEL (13.1x), SM (13.0x).
The Formula
Price / EPS
Why It Matters
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
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21.0x
Sector Median
14.3x
Sector Avg
16.4x
How TRP's P/E Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.