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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, TC Energy's Enterprise Value is лв203,806 Mil.
TC Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was лв5,034 Mil. Therefore, TC Energy's EV-to-FCF for today is 40.49.
The historical rank and industry rank for TC Energy's EV-to-FCF or its related term are showing as below:
XBUL:TRS'
s EV-to-FCF Range Over the Past 10 Years
Min: -1095.72 Med: -40.01 Max: 512.17
Current: 42.35
During the past 13 years, the highest EV-to-FCF of TC Energy was 512.17. The lowest was -1095.72. And the median was -40.01.
XBUL:TRS's EV-to-FCF is ranked worse than 83.02% of 583
companies
in the Oil & Gas industry
Industry Median: 15.65
vs XBUL:TRS: 42.35
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 лв43.265.
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 лв4.130.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
TC Energy EV-to-FCF Related Terms
TC Energy EV-to-FCF Historical Data
* Premium members only.
The historical data trend for TC Energy's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TC Energy's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where TC Energy's EV-to-FCF falls into.
TC Energy's current Enterprise Value is лв203,806 Mil.
TC Energy's Free Cash Flow 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 лв5,034 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 (XBUL:TRS) has a EV-to-FCF of 40.49 as of Aug. 04, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on TC Energy and its competitors. According to the industry distribution chart, TC Energy ranks #484 out of 583 companies in the Oil & Gas industry, placing it in the top 83%.
Is TC Energy's EV-to-FCF too high?
TC Energy's current EV-to-FCF is 40.49. The Oil & Gas industry median EV-to-FCF is 15.65. TC Energy's value of 40.49 is 158.7% above this industry median. Based on the distribution chart, TC Energy ranks #484 out of 583 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, TC Energy has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does TC Energy's EV-to-FCF compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, TC Energy ranks #484 out of 583 companies for EV-to-FCF. This places TC Energy in the lower half of its industry. The industry median EV-to-FCF is 15.65. TC Energy's value of 40.49 is 158.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.65, based on 583 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TC Energy's current EV-to-FCF of 40.49 is 158.7% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on TC Energy and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TC Energy's current EV-to-FCF is 40.49. 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?
TC Energy (XBUL:TRS) has a current EV-to-FCF of 40.49. The stock's GF Value™ is лв35.49, compared to a current price of лв43.27 — trading 21.9% above its estimated fair value. The current EV-to-FCF is 40.49 and 158.7% above the Oil & Gas industry median of 15.65. TC Energy's overall GF Score™ is 77/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For TC Energy (XBUL:TRS), the current EV-to-FCF is 40.49 as of Aug. 04, 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 (XBUL:TRS) Overvalued in 2026?
Based on GuruFocus' analysis, TC Energy stock appears to be overvalued.
The current stock price of лв43.27 is trading 21.9% above its estimated GF Value™ of лв35.49.
Key valuation signals for XBUL:TRS:
EV-to-FCF: 40.49
GF Value™: лв35.49 vs. price of лв43.27 (21.9% above fair value)
Industry Position: 158.7% above the Oil & Gas median (#484 of 583)
No single metric tells the full story. See the XBUL:TRS 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.
77GF Score
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