TransAlta Corporation (TAC) is a publicly traded company in the Utilities — Independent Power Producers industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
TransAlta Corporation specializes in the ownership, operation, and expansion of a diverse array of electricity generation facilities, with a geographical presence spanning Canada, the United States, and Australia. The company's activities are organized into four key divisions: Hydro, Wind and Solar, Gas, and Energy Transition. Within its portfolio, TransAlta operates plants powered by hydroelectric, wind, solar, natural gas, and even coal.
Is TransAlta Corporation stock overvalued or undervalued in 2026?
As of October 4, 2026, TransAlta Corporation (TAC) trades at $11.79 with no positive earnings over the last twelve months, according to Kaplio. No valuation verdict: it has no earnings to calculate a P/E from.
Kaplio overview: TransAlta Corporation
Market cap $4B · 52 weeks $12 – $18 (29 % below the high) · P/E no earnings · 2027 expected P/E 30.3× · Dividend 1.5 % · 8 years rising · Next earnings November 5, 2026 · expected EPS $0.05 · Price as of Oct 4 · accounts published Jul 31.
- Valuation: EV/EBITDA 11.6× (no earnings).
- Business: ROE −1.5 % (weak).
- Balance sheet: Net debt/EBITDA 5.4× (passes, near the threshold).
- Earnings: 3 of 8 (disappointing).
What would it be worth at its usual multiples?
No valuation verdict: it has no earnings to calculate a P/E from.
What matters in utilities: 2 of 5 pass
- Regulated ROE (8-12%) −1.5 %, fails.
- 10y dividend growth −3.5 %, fails.
- Interest coverage −0.8×, fails.
- Net debt / EBITDA 5.4×, passes, near the threshold.
- Payout Ratio −91.3 %, passes.
Against its peers (reference peers) — TransAlta Corporation: P/E —; EV/EBITDA 11.6×; ROIC -3.4 %; $3.5B. Kenon Holdings Ltd. (P/E 26.9×; EV/EBITDA 12.1×; ROIC 1.4 %; $3.3B), NRG Energy, Inc. (P/E 24.9×; EV/EBITDA 11.3×; ROIC 7.0 %; $20.1B), Vistra Corp. (P/E 23.6×; EV/EBITDA 10.3×; ROIC 0.9 %; $47.2B).
Dividend
solid · Yield 1.52 % ($0.30 per ADS in 2025) · Years raising it 8 · 5-year growth +6 % a year · Free cash flow coverage 4.1× · With $1,000 invested today you'd collect $15.20 a year ($1.27 a month).
Profitability
| Return on Equity | -1.50% |
| Return on Invested Capital | -3.40% |
| Return on Assets | -0.26% |
| Gross Margin | 43.60% |
| Operating Margin | 3.88% |
| Net Margin | -1.02% |
Financial Health
| Debt / Equity | 2.38 |
| Current Ratio | 0.84 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 0.11 |
Price Performance
| 1 month | +4.26% |
| 3 months | -13.88% |
| Year-to-date | -1.34% |
| 1 year | -15.00% |
| 3 years | +46.71% |
| 5 years | +12.95% |
Dividend History
Paid in the last 12 months: $0.1951 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-01 | $0.0503 |
| 2026-06-01 | $0.0506 |
| 2026-02-27 | $0.0477 |
| 2025-12-01 | $0.0465 |
| 2025-08-29 | $0.0473 |
| 2025-05-30 | $0.0458 |
| 2025-02-28 | $0.0417 |
| 2024-11-29 | $0.0428 |
| 2024-08-30 | $0.0445 |
| 2024-05-31 | $0.0440 |
Amounts adjusted for stock splits.
Related companies: ELP · IDA · KEN · NRG · PAM · POR · TXNM
Explore sector: Utilities · Independent Power Producers
More sections of TAC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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