TransCanada PipeLines Limited 6 (TCPA) is a publicly traded company in the Energy — Oil & Gas Midstream industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
TransCanada PipeLines Ltd. provides pipeline services for the gas and oil industries. It operates through the following segments: Natural Gas Pipelines, Liquids Pipelines and Power and Storage. The company was founded on March 21, 1951 and is headquartered in Calgary, Canada.
Is TransCanada PipeLines Limited 6 stock overvalued or undervalued in 2026?
TransCanada PipeLines Limited 6 (TCPA) trades at 5.9× earnings (P/E), below the median of the 140 energy companies over $2bn in Kaplio's universe. At its sector median (17.3×) $58 (+192 %).
Kaplio overview: TransCanada PipeLines Limited 6
Market cap $20B · 52 weeks $20 – $25 (20 % below the high) · P/E 5.9× · Dividend 8.0 % · Closing price, Oct 28 · accounts published Oct 25.
- Valuation: P/E 5.9× (cheap).
- Business: 5-year ROIC 5.0 % (weak).
- Balance sheet: Net debt/EBITDA 5.3× (fragile).
What would it be worth at its usual multiples?
At its sector median (17.3×) $58 (+192 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in energy: 1 of 8 pass
- FCF yield −0.9 %, fails.
- 5y avg ROIC 5.0 %, fails.
- Positive FCF through the cycle 4 de 10 ejercicios, fails.
- Dividend coverage (FCF / div) −0.1×, fails.
- Net debt / EBITDA 5.3×, fails.
- Capex / Revenue 57.5 %, fails.
- P/E read in reverse (cyclicals) 5.9×, fails.
- EV/EBITDA vs own 10y 8.1×, passes.
Against its peers (reference peers) — TransCanada PipeLines Limited 6: P/E 5.9×; EV/EBITDA 8.1×; ROIC 5.0 %; $20.0B. Plains All American Pipeline, L.P. (P/E 7.4×; EV/EBITDA 8.5×; ROIC 6.0 %; $18.8B), Pembina Pipeline Corporation (P/E 25.1×; EV/EBITDA 14.6×; ROIC 5.3 %; $29.1B), ONEOK, Inc. (P/E 16.3×; EV/EBITDA 11.8×; ROIC 8.8 %; $59.6B).
Expensive or cheap against its last 1 years?
P/E at each close: today 5.9× · median 7.2× · minimum 5.9× · maximum 7.5× · cheap below 6.9× · expensive above 7.4×. It has been cheaper than today only 4% of the time over its last 1 years.
Dividend
tight · Yield 8.0 % ($1.63 per share in 2019) · Years raising it 2 · 5-year growth -2 % a year · Free cash flow coverage -0.9× · With $1,000 invested today you'd collect $80.10 a year ($6.67 a month).
Profitability
| Return on Equity | 14.13% |
| Return on Invested Capital | 5.05% |
| Return on Assets | 4.17% |
| Gross Margin | 48.11% |
| Operating Margin | 42.52% |
| Net Margin | 31.86% |
Financial Health
| Debt / Equity | 1.64 |
| Current Ratio | 0.59 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 0.57 |
Price Performance
| 1 month | -2.96% |
| 3 months | -14.53% |
| Year-to-date | -19.97% |
| 1 year | -20.42% |
Dividend History
Paid in the last 12 months: $1.5624 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-16 | $0.3906 |
| 2026-07-17 | $0.3906 |
| 2026-04-16 | $0.3906 |
| 2026-01-16 | $0.3906 |
Amounts adjusted for stock splits.
Related companies: PAA · ENB · WMB · EPD · KMI · MPLX · OKE · TRGP
Explore sector: Energy · Oil & Gas Midstream
More sections of TCPA: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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