WallStSmart

Permian Basin Royalty Trust (PBT)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 88573% more annual revenue ($15.69B vs $17.69M). PBT leads profitability with a 91.6% profit margin vs 22.9%. PBT appears more attractively valued with a PEG of 1.12. PBT earns a higher WallStSmart Score of 71/100 (B).

PBT

Strong Buy

71

out of 100

Grade: B

Growth: 7.3Profit: 10.0Value: 4.3Quality: 5.0
Piotroski: 3/9

TRP

Buy

61

out of 100

Grade: C+

Growth: 6.7Profit: 7.5Value: 3.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for PBT.

TRPSignificantly Overvalued (-44.3%)

Margin of Safety

-44.3%

Fair Value

$42.21

Current Price

$60.88

$18.67 premium

UndervaluedFair: $42.21Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PBT5 strengths · Avg: 10.0/10
Return on EquityProfitability
90.4%10/10

Every $100 of equity generates 90 in profit

Profit MarginProfitability
91.6%10/10

Keeps 92 of every $100 in revenue as profit

Operating MarginProfitability
92.7%10/10

Strong operational efficiency at 92.7%

Revenue GrowthGrowth
34.4%10/10

Revenue surging 34.4% year-over-year

EPS GrowthGrowth
61.5%10/10

Earnings expanding 61.5% YoY

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
44.3%10/10

Strong operational efficiency at 44.3%

Market CapQuality
$65.23B9/10

Large-cap with strong market position

Profit MarginProfitability
22.9%9/10

Keeps 23 of every $100 in revenue as profit

Free Cash FlowQuality
$1.33B8/10

Generating 1.3B in free cash flow

Areas to Watch

PBT3 concerns · Avg: 2.7/10
Market CapQuality
$1.59B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
97.7x2/10

Premium valuation, high expectations priced in

TRP3 concerns · Avg: 1.7/10
PEG RatioValuation
3.322/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.542/10

Distress zone — elevated risk

Debt/EquityHealth
2.301/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : PBT

The strongest argument for PBT centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 91.6% and operating margin at 92.7%. Revenue growth of 34.4% demonstrates continued momentum.

Bull Case : TRP

The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 22.9% and operating margin at 44.3%.

Bear Case : PBT

The primary concerns for PBT are Market Cap, Piotroski F-Score, P/E Ratio. A P/E of 97.7x leaves little room for execution misses.

Bear Case : TRP

The primary concerns for TRP are PEG Ratio, Altman Z-Score, Debt/Equity. Debt-to-equity of 2.30 is elevated, increasing financial risk.

Key Dynamics to Monitor

PBT profiles as a growth stock while TRP is a mature play — different risk/reward profiles.

TRP carries more volatility with a beta of 0.95 — expect wider price swings.

PBT is growing revenue faster at 34.4% — sustainability is the question.

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

PBT scores higher overall (71/100 vs 61/100), backed by strong 91.6% margins and 34.4% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Permian Basin Royalty Trust

ENERGY · OIL & GAS MIDSTREAM · USA

The Permian Basin Royalty Trust, an express trust, holds primary royalty interests in various oil and gas properties in the United States. The company is headquartered in Dallas, Texas.

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TC Energy Corp

ENERGY · OIL & GAS MIDSTREAM · USA

TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.

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