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TC Energy Corp
TSX:TRP

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TC Energy Corp
TSX:TRP
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Price: 83.43 CAD 1.6% Market Closed
Market Cap: CA$86.9B

P/B

3.2
Current
71%
More Expensive
vs 3-y average of 1.9

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.2
=
Market Cap
CA$90.4B
/
Total Equity
CA$27.3B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.2
=
Market Cap
CA$90.4B
/
Total Equity
CA$27.3B

Valuation Scenarios

TC Energy Corp is trading above its 3-year average

If P/B returns to its 3-Year Average (1.9), the stock would be worth CA$48.69 (42% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-49%
Maximum Upside
No Upside Scenarios
Average Downside
39%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 3.2 CA$83.43
0%
3-Year Average 1.9 CA$48.69
-42%
5-Year Average 1.6 CA$42.29
-49%
Industry Average 1.7 CA$43.3
-48%
Country Average 2.7 CA$69.77
-16%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CA
TC Energy Corp
TSX:TRP
85.5B CAD 3.2 25.5
CA
Enbridge Inc
TSX:ENB
154.6B CAD 2.5 22.2
US
Williams Companies Inc
NYSE:WMB
87.6B USD 6.8 33.5
US
Enterprise Products Partners LP
NYSE:EPD
81.8B USD 2.7 14.2
US
Kinder Morgan Inc
NYSE:KMI
70.6B USD 2.3 23.2
US
Energy Transfer LP
NYSE:ET
65.9B USD 1.9 15.8
US
MPLX LP
NYSE:MPLX
56.7B USD 4 11.6
US
ONEOK Inc
NYSE:OKE
54.9B USD 2.4 16.2
US
Cheniere Energy Inc
NYSE:LNG
54.1B USD 6.8 10.1
US
Targa Resources Corp
NYSE:TRGP
51.5B USD 16.8 28
US
Cheniere Energy Partners LP
NYSE:CQP
30.4B USD 73.5 12.2

Market Distribution

In line with most companies in Canada
Percentile
57th
Based on 3 061 companies
57th percentile
3.2
Low
0 — 1.6
Typical Range
1.6 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.9
Max 1 402.4

TC Energy Corp
Glance View

In the heart of North America, TC Energy Corp. stands as a titan in the energy infrastructure sector, weaving a complex tapestry of pipelines, power generation, and energy storage systems. The company, well-embedded in the landscape of Canada, the United States, and Mexico, orchestrates the movement of an essential commodity—natural gas—through a sophisticated network of over 93,300 kilometers of pipelines. This sprawling infrastructure not only ensures the smooth flow of natural gas to meet residential and industrial demand but substantially contributes to its robust revenue streams. Additionally, TC Energy extends its expertise into liquid pipelines, predominantly crude oil, tapping into North America's abundant energy resources to transport products across long distances. This multifaceted pipeline system endows the company with a crucial role in securing energy accessibility and reliability throughout the continent. Beyond its pipelines, TC Energy delves into the power generation realm, strategically investing in both traditional and renewable energy assets. Through its diversified energy offerings, the company plays a significant role in ensuring energy sustainability for the future. Its power ventures, which include natural gas-fired and nuclear facilities, generate a stable stream of revenue, complementing its core pipeline business. Moreover, TC Energy's commitment to sustainable practices is evident in its strategic focus on renewable energy sources, aligning with global trends toward cleaner energy. By blending traditional and innovative approaches, TC Energy Corp. not only functions as a pivotal energy transporter but also as a dynamic player in the modern energy landscape, deftly balancing current demands while embracing future opportunities.

TRP Intrinsic Value
69.95 CAD
Overvaluation 16%
Intrinsic Value
Price CA$83.43
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