TC Energy (TRP) - P/B ratio

P/B ratio as of January 2026 : 2.24

According to TC Energy 's latest financial reports the company has a price-to-book ratio of 6.81234.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

TC Energy - P/B ratio (from 2001 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	2.16	19.59%
2024-12-31	1.81	30.81%
2023-12-31	1.38	-12.9%
2022-12-31	1.59	-8.22%
2021-12-31	1.73	18.86%
2020-12-31	1.45	-27.44%
2019-12-31	2.00	38.68%
2018-12-31	1.44	-27.73%
2017-12-31	2.00	-0.36%
2016-12-31	2.01	14.73%
2015-12-31	1.75	-10.74%
2014-12-31	1.96	14.88%
2013-12-31	1.70	-5.72%
2012-12-31	1.81	5.85%
2011-12-31	1.71	15.57%
2010-12-31	1.48	0.57%
2009-12-31	1.47	1.81%
2008-12-31	1.44	-29.36%
2007-12-31	2.04	-17.14%
2006-12-31	2.47	4.97%
2005-12-31	2.35	11.53%
2004-12-31	2.11	-3.54%
2003-12-31	2.18	35.36%
2002-12-31	1.61

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Kinder Morgan KMI	2.10	-6.42%	🇺🇸 USA
Williams Companies WMB	5.44	142.71%	🇺🇸 USA
Plains All American Pipeline PAA	1.03	-53.98%	🇺🇸 USA
Enbridge ENB	2.16	-3.68%	🇨🇦 Canada
Ultrapar Participacoes UGP	1.45	-35.15%	🇧🇷 Brazil
TransAlta TAC	3.31	47.69%	🇨🇦 Canada
Sea Limited SE	6.73	200.44%	🇸🇬 Singapore
Enterprise Products EPD	2.37	5.93%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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