TRP P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
TRP's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
TRP P/E ratio by year
Yearly range of TRP’s p/e ratio from 2016 to 2026. Over the full period it ranged from -1,622.4 to 174.5, averaging -13.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 22.5 | 27.1 | 31.3 | 25.3 |
| 2025 | 14.2 | 17.8 | 23.8 | 23.1 |
| 2024 | 11.9 | 16.2 | 18.9 | 15.1 |
| 2023 | -1,622.4 | -343.2 | 74.7 | -1,573.2 |
| 2022 | 15.1 | 21.7 | 35.4 | 15.2 |
| 2021 | 10.0 | 22.6 | 32.1 | 28.7 |
| 2020 | 9.8 | 12.5 | 16.2 | 10.0 |
| 2019 | 11.7 | 13.8 | 15.0 | 14.8 |
| 2018 | 11.3 | 14.6 | 17.4 | 11.3 |
| 2017 | 27.2 | 79.6 | 174.5 | 28.4 |
| 2016 | -29.6 | -21.5 | -19.1 | -20.0 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is TRP P/E ratio High or Low Right Now?
TC Energy Corporation's P/E ratio is currently 25.3, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for TRP is approximately 16.9. See all TRP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.