P/E ratio for TC Energy (TRP)
P/E ratio as of June 2023 (TTM): 33.8
According to TC Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.7825. At the end of 2021 the company had a P/E ratio of 32.1.
P/E ratio history for TC Energy from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 32.1 | 177.23% |
| 2020 | 11.6 | -29.56% |
| 2019 | 16.4 | 37.33% |
| 2018 | 12.0 | -34.2% |
| 2017 | 18.2 | -89.91% |
| 2016 | 180 | -741.5% |
| 2015 | -28.1 | -226.63% |
| 2014 | 22.2 | 13.18% |
| 2013 | 19.6 | -23.48% |
| 2012 | 25.6 | 27.59% |
| 2011 | 20.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kinder Morgan KMI | 14.8 | -56.14% | 🇺🇸 USA |
 Williams Companies
WMB | 16.0 | -52.63% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 8.86 | -73.78% | 🇺🇸 USA |
 Enbridge ENB | 18.5 | -45.32% | 🇨🇦 Canada |
 Ultrapar Participacoes UGP | 15.8 | -53.13% | 🇧🇷 Brazil |
 TransAlta TAC | 7.57 | -77.58% | 🇨🇦 Canada |
 Sea (Garena) SE | -20.2 | -159.73% | 🇸🇬 Singapore |
 Enterprise Products EPD | 10.1 | -70.09% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.