Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.15.
Forward PE Ratio (16.15) = Close Price ($61.86) / Consensus Forward EPS ($3.84)
FORWARD PE RATIO
16.15
SECTOR MEDIAN · ENERGY
13.15
median of 44 covered companies
CURRENT VS SECTOR MEDIAN
+22.81%
vs the sector median at left
TC Energy Corporation
Market Cap
$64.40B
Forward PE Ratio
16.15
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| TC Energy Corporation (TRP) | $64.40B | 16.15 |
| Baker Hughes Company (BKR)vs › | $61.95B | 23.63 |
| Targa Resources Corp. (TRGP)vs › | $61.78B | 25.68 |
| MPLX Lp (MPLX)vs › | $60.12B | 13.83 |
| ONEOK, Inc. (OKE)vs › | $59.71B | 16.43 |
| Occidental Petroleum Corporation (OXY)vs › | $58.78B | 9.65 |
| Kinder Morgan, Inc. (KMI)vs › | $70.28B | 20.74 |
| Diamondback Energy, Inc. (FANG)vs › | $55.61B | 9.79 |
| Energy Transfer LP (ET)vs › | $73.33B | 12.75 |
| EOG Resources, Inc. (EOG)vs › | $76.35B | 8.67 |
Trailing P/E
25.9
reported TTM EPS
Forward P/E
16.1
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.84 implies +60.0% EPS growth vs the reported trailing $2.40.
At today's $61.86 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $3.84 | $3.57 – $4.53 | 9 | 16.1x |
| 2027-12-31 | $4.02 | $3.68 – $4.88 | 10 | 15.4x |
| 2028-12-31 | $4.28 | $3.97 – $4.88 | 4 | 14.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
