How TC Energy Corporation stacks up

TRP · against 193 other Energy companies listed in US-listed

Valuation

22/ 100

Near the bottom of its peers.

Ranked #149 of 194 · scores higher than 22% of peers

Bars: peers in each 10-point band of the valuation score

20 peers with a valuation score of 20–29, including TRP · Click a bar to see the companies

Why valuation scores 22?

Weighted metrics compared with all Energy companies.

Mainly because of its EBITDA yield, earnings yield and free cash flow yield, which are weaker than most Energy peers.

less operating profit (EBITDA) for the company's total value: weaker than 83% of peers. EBITDA yield: 6.4% vs peer median 12.1%
lower earnings for the price paid: weaker than 64% of peers. Earnings yield: 3.8% vs peer median 5.2%
less free cash flow for the price paid: weaker than 62% of peers. Free cash flow yield: 4.3% vs peer median 6.2%

Metric by metric

Position: dot = TRP, ranked from the worst peer (left) to the best (right); tick = middle, shaded = middle half of peers.

Metric	TRP	Peer median	Better than	Position among peers	Weight
Earnings yieldHigher is better · 189 reported	3.9%	5.2%	39%		30%
EBITDA yieldHigher is better · 190 reported	6.4%	11.9%	17%		50%
Free cash flow yieldHigher is better · 184 reported	4.3%	5.9%	39%		20%
Book yieldHigher is better · 190 reported	Not reported	50.6%	—	—	Context only

A metric that is not reported is left out of the score; the other weights are rescaled.

Ranking by valuation score

Top 5 and the companies ranked around TRP

Rank	Company	Market cap	Valuation	Overall
1	Diversified Energy CompanyDEC · US-listed	942M USD	99	69
2	HighPeak Energy, Inc.HPK · US-listed	1.1B USD	98	55
3	Par Pacific Holdings, Inc.PARR · US-listed	3.6B USD	97	85
4	Infinity Natural Resources, Inc.INR · US-listed	254M USD	96	88
5	Plains GP Holdings, L.P.PAGP · US-listed	6.4B USD	95	68
⋯
147	Seadrill LimitedSDRL · US-listed	2.9B USD	23	29
147	Viper Energy, Inc.VNOM · US-listed	15.9B USD	23	59
149	Borr Drilling LimitedBORR · US-listed	1.1B USD	22	26
149	California Resources CorporationCRC · US-listed	4.6B USD	22	17
149	TC Energy CorporationTRP · US-listed	66.1B USD	22	45
152	DT Midstream, Inc.DTM · US-listed	12.5B USD	21	54
152	Kodiak Gas Services, Inc.KGS · US-listed	4.7B USD	21	40
152	Select Water Solutions, Inc.WTTR · US-listed	2.6B USD	21	30
155	Enbridge Inc.ENB · US-listed	109.1B USD	20	37

Scores are sector-relative percentiles from the latest snapshot, always calculated against the whole sector: narrowing the comparison group changes who you compare with, not the scores. Missing metrics are left out and the remaining weights rescaled. How we score

Bringing the fundamentals into focus…