P/E ratio for TC Energy (TRP)

P/E ratio history for TC Energy from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Enbridge ENB	31.0	-55.36%	🇨🇦 Canada
Enterprise Products EPD	13.6	-80.34%	🇺🇸 USA
Williams Companies WMB	25.3	-63.54%	🇺🇸 USA
Sea (Garena) SE	238	242.25%	🇸🇬 Singapore
Kinder Morgan KMI	24.9	-64.07%	🇺🇸 USA
Plains All American Pipeline PAA	11.3	-83.72%	🇺🇸 USA
TransAlta TAC	16.5	-76.30%	🇨🇦 Canada
Ultrapar Participacoes UGP	12.3	-82.32%	🇧🇷 Brazil

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.