A strong performer from today's morning trading session is TC Energy, whose shares rose 1.9% to $41.66 per share. For those of you thinking about investing in the stock, here is a brief value analysis of the stock using the company's basic fundamental ratios.
TC Energy Corporation operates as an energy infrastructure company in North America. The company belongs to the Utilities sector, which has an average price to earnings (P/E) ratio of 22.89 and an average price to book (P/B) ratio of 1.03. In contrast, TC Energy has a trailing 12 month P/E ratio of 35.9 and a P/B ratio of 1.33.
TC Energy's PEG ratio is 92.74, which shows that the stock is probably overvalued in terms of its estimated growth. For reference, a PEG ratio near or below 1 is a potential signal that a company is undervalued.