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TC EnergyTRP -0.70%71 EV-to-EBITDA is 14.77 as of Jul. 31, 2026, which is 6% above its 10-year median of 14.00. GuruFocus rates TRP with a GF Score™ of 71/100 and a GF Value™ of $52.64 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 763 Oil & Gas companies, TC Energy ranks worse than 80.47% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, TC Energy's enterprise value is $122,627 Mil.
TC Energy's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $8,303 Mil. Therefore, TC Energy's EV-to-EBITDA for today is 14.77.
The historical rank and industry rank for TC Energy's EV-to-EBITDA or its related term are showing as below:
TRP'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.25 Med: 14 Max: 177.83
Current: 14.77
During the past 13 years, the highest EV-to-EBITDA of TC Energy was 177.83. The lowest was 5.25. And the median was 14.00.
TRP's EV-to-EBITDA is ranked worse than 80.47% of 763
companies
in the Oil & Gas industry
Industry Median: 7.62
vs TRP: 14.77
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
TC Energy's share price for today is $67.61.
TC Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.404.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for TC Energy's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, TC Energy's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TC Energy EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TC Energy's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where TC Energy's EV-to-EBITDA falls into.
TC Energy's current Enterprise Value is $122,627 Mil.
TC Energy's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $8,303 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TC Energy (TRP) has a EV-to-EBITDA of 14.77 as of Jul. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on TC Energy. This is near median its historical median of 14.00. Over the past decade, TC Energy's EV-to-EBITDA has ranged from 5.25 to 177.83. According to the industry distribution chart, TC Energy ranks #614 out of 763 companies in the Oil & Gas industry, placing it in the top 80.5%.
Is TC Energy's EV-to-EBITDA too high?
TC Energy's current EV-to-EBITDA of 14.77 is near median its 10-year median of 14.00. Over the past 10 years, this metric has ranged from a low of 5.25 to a high of 177.83. The Oil & Gas industry median EV-to-EBITDA is 7.62. TC Energy's value of 14.77 is 93.8% above this industry median. Based on the distribution chart, TC Energy ranks #614 out of 763 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, TC Energy has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TC Energy's EV-to-EBITDA compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, TC Energy ranks #614 out of 763 companies for EV-to-EBITDA. This places TC Energy in the lower half of its industry. The industry median EV-to-EBITDA is 7.62. TC Energy's value of 14.77 is 93.8% above this benchmark. Historically, TC Energy's own EV-to-EBITDA has ranged from 5.25 to 177.83 over the past decade. While the company's 10-year median is 14.00 vs. the industry median of 7.62, TC Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.62, based on 763 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TC Energy's current EV-to-EBITDA of 14.77 is 93.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on TC Energy. For the Oil & Gas industry, the median EV-to-EBITDA is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TC Energy's current EV-to-EBITDA is 14.77, which is near median its own 10-year median of 14.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TC Energy stock overvalued right now?
Based on GuruFocus' analysis, TC Energy (TRP) is currently considered Modestly Overvalued. The stock's GF Value™ is $52.64, compared to a current price of $67.61 — trading 28.4% above its estimated fair value. The current EV-to-EBITDA is 14.77, which is near median its 10-year median of 14.00 and 93.8% above the Oil & Gas industry median of 7.62. TC Energy's overall GF Score™ is 71/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For TC Energy (TRP), the current EV-to-EBITDA is 14.77 as of Jul. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TC Energy (TRP) Overvalued in 2026?
Based on GuruFocus' analysis, TC Energy stock appears to be overvalued.
The current stock price of $67.61 is trading 28.4% above its estimated GF Value™ of $52.64.
GuruFocus considers TC Energy to be Modestly Overvalued.
Key valuation signals for TRP:
EV-to-EBITDA: 14.77 (near median its 10-year median of 14.00)
GF Value™: $52.64 vs. price of $67.61 (28.4% above fair value)
Industry Position: 93.8% above the Oil & Gas median (#614 of 763)
No single metric tells the full story. See the TRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TC Energy operates natural gas transmission assets across North America. Segments are determined by country of operation, but both Canadian and US operations are interconnected. Mexican operations are disconnected from the US and only have one customer, the state utility CFE. They also operate power generation assets, with the largest being the Bruce Power nuclear plant.
71GF Score
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