P/E ratio for TC Energy (TRP)
P/E ratio as of April 2024 (TTM): 50.4
According to TC Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.4319. At the end of 2022 the company had a P/E ratio of 72.3.
P/E ratio history for TC Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 72.3 | 124.98% |
| 2021 | 32.1 | 177.23% |
| 2020 | 11.6 | -29.56% |
| 2019 | 16.4 | 37.33% |
| 2018 | 12.0 | -34.2% |
| 2017 | 18.2 | -90.72% |
| 2016 | 196 | -785.35% |
| 2015 | -28.6 | -228.95% |
| 2014 | 22.2 | 13.18% |
| 2013 | 19.6 | -23.48% |
| 2012 | 25.6 | 27.59% |
| 2011 | 20.1 | -8.48% |
| 2010 | 22.0 | 18.7% |
| 2009 | 18.5 | 62.52% |
| 2008 | 11.4 | -38.22% |
| 2007 | 18.4 | 2.18% |
| 2006 | 18.0 | 20.7% |
| 2005 | 14.9 | -0.58% |
| 2004 | 15.0 | -8.46% |
| 2003 | 16.4 | 28.37% |
| 2002 | 12.8 | -3.62% |
| 2001 | 13.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kinder Morgan KMI | 16.6 | -67.17% | 🇺🇸 USA |
 Williams Companies
WMB | 16.9 | -66.58% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 10.9 | -78.35% | 🇺🇸 USA |
 Enbridge ENB | 24.2 | -51.96% | 🇨🇦 Canada |
 Ultrapar Participacoes UGP | 21.0 | -58.38% | 🇧🇷 Brazil |
 TransAlta TAC | 9.13 | -81.90% | 🇨🇦 Canada |
 Sea (Garena) SE | 118 | 134.24% | 🇸🇬 Singapore |
 Enterprise Products EPD | 11.5 | -77.24% | 🇺🇸 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.