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A Look At TC Energy (TSX:TRP) Valuation After Strong 2026 Guidance And Higher Analyst Targets
TC Energy (TSX:TRP) has garnered investor attention following strong 2026 guidance, including projected comparable EBITDA of $11.6 billion to $11.8 billion, and higher EPS than 2025. While analysts suggest the stock is about 1% undervalued with a narrative fair value of CA$87.32, its current P/E ratio of 24.9x is higher than peers. Investors should consider the potential for overestimating long-term natural gas demand against mounting renewable pressures.