Stocktoria
TC Energy Corporation statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$43.91); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
TC Energy Corporation trades at about 26.9× earnings — above its 10-year norm (10-year range 14.8×–89.5×, median 24.4×).
Shaded band = 10-year range (14.8×–89.5×); dot = today's 26.9×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Gross margin | 50.2% | 48.0% | 50.3% | 47.1% |
| Operating margin | 44.4% | 42.0% | 44.4% | 41.2% |
| Net margin | 23.1% | 34.1% | 22.0% | 6.1% |
| FCF margin | 13.5% | 9.7% | -6.6% | -2.9% |
| Return on assets | 3.0% | 4.0% | 2.3% | 0.7% |
| Return on equity | 12.9% | 17.0% | 9.9% | 2.2% |
| Debt / equity | 2.10× | 2.03× | 2.04× | 1.48× |
| Current ratio | 0.63 | 0.55 | 0.96 | 0.43 |
Computed from company filings · CA · as of 2025-12-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.