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Friday 6 November 2026 Export TRP’s income statement to Excel — free account

TC Energy Corporation

TRP Energy Oil & Gas Midstream

TC Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $10.9 billion, up 8.52% from fiscal 2024.

Revenue
+5.59%
EPS
+18.3%
Free cash flow
+24.2%
Total debt
+10.3%

Quarter to June 2026, against a year earlier

62.72 0.11 +0.18%
Market cap
$65.2B
P/E
26.0×
Fwd P/E
23.4×
Dividend yield
3.99%
F-score
6/9
Altman Z
0.83
Beneish M
−2.50
Dividend safety
0/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

TC Energy Corporation (TRP) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, TC Energy Corporation (TRP) trades at a P/B ratio of 2.6×. Over the past ten years it has ranged from 1.2× (April 2024) to 35.3× (December 2023); the current reading is higher than 91% of that period. That is above the Oil & Gas Midstream industry median of 1.7× and above the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.3× 25.03%
FY2024 1.8× 34.24%
FY2023 1.4× (6.29%)
FY2022 1.5× (15.89%)
FY2021 1.7× 7.69%
FY2020 1.6× (23.80%)
FY2019 2.1× 49.69%
FY2018 1.4× (36.52%)
FY2017 2.2× 18.10%
FY2016 1.9× 0.71%

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.7× 6.00%
Mar 2026 2.6× 11.01%
Dec 2025 2.3× 3.82%
Sep 2025 2.2× 10.46%
42 more quarters

Against its own ten years

Low 1.2× High 35.3×
Ten-year median 1.9×
Current reading's percentile 90

P/B ratio against peers

Company P/B ratio
ET Energy Transfer LP compare 1.4×
OKE ONEOK, Inc. compare 1.7×
KMI Kinder Morgan, Inc. compare 2.1×
EPD Enterprise Products Partners L.P. compare 2.5×
TRP TC Energy Corporation 2.6×
WMB Williams Companies, Inc. (The) compare 3.7×
MPLX MPLX LP compare 4.0×
LNG Cheniere Energy, Inc. compare 4.8×
TRGP Targa Resources, Inc. compare 14.8×
Oil & Gas Midstream industry median 1.7×
Energy sector median 1.4×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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