TRP

TC Energy Corporation

Energy · $61.1B market cap

Verdict

Share price

$59.07

close of Oct 3, 2026

Fair value

$41.19

Sticker Price

Payback Price

$16.47

buy price

Overpriced

TRP is Overpriced: at $59.07 it trades 43% above its fair value of $41.19. Its buy price (Payback Price) is $16.47, 72% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.3% a year✗
Equity per share growth2.6% a year✗
Sales growth3.8% a year✗
Free cash flow growth4.1% a year✗
Return on invested capital4.3%✗

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Superinvestors

1 of the investors we track holds TRP. In Q2 2026, 1 trimmed. Who we track

Moves in Q2 2026

Trimmed: Dodge & Cox Funds

About TC Energy Corporation

TC Energy Corporation (TRP), headquartered in Calgary, Canada, is a significant North American energy infrastructure enterprise, established in 1951. Its extensive operations are strategically divided into five key business units: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexican Natural Gas Pipelines, Liquids Pipelines, and Power & Storage. The company is responsible for constructing and managing…

Oil & Gas Midstream

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works