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StockVS

TSX · Utilities - Independent Power Producers · CAD

TransAlta Corporation (TA.TO) Stock Analysis

TransAlta Corporation (TA.TO) is a Utilities - Independent Power Producers stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

TA.TO

CA$18.71

+CA$0.48 (+2.63%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TA.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$18.32
Previous Close
CA$18.23
Day's Range
18.32–19.08
52-Week Range
15.62–25.03
Volume
2.96M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.48
Valuation
Market Cap
CA$5.92B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
31.62
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
6.98
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.61
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.30
Financials (FY)
Revenue (FY)
CA$2.41B−15.47%
Net Income (FY)
−CA$138.00M−160.26%
Profit marginThe share of revenue left as profit after all costs and taxes.
−1.01%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
316.30M
1-Year Return
−19.24%
Dividend and dates
Dividend
CA$0.28+1.54%
Ex-Dividend Date
September 1, 2026
Earnings Date
November 3, 2026
Avg Volume
1.99M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TA.TO closed at CA$18.71, −19.24% over 1 year.

TransAlta Corporation (TA.TO) has a market capitalization of CA$5.92B.

In fiscal 2025, TA.TO reported revenue of CA$2.41B.

TA.TO Stock Return by Calendar Year

TransAlta Corporation (TA.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$8,076
−19.24%
5 years
CA$10,000 CA$14,172
+41.72%
10 years
CA$10,000 CA$36,585
+265.85%

If you had invested CA$10,000 in TransAlta Corporation (TA.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$36,585 at the close on October 21, 2026: +265.85% in total, +13.85% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+8.56%
2025−13.24%
2024+88.48%
2023−7.32%
2022−12.42%
2021+47.57%
2020+5.80%
2019+69.13%
2018−23.22%
2017+2.43%
2016 (partial year)+20.75%

As of October 21, 2026.

TA.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$2.41B−CA$138.00M−5.7%
2024CA$2.85BCA$229.00M8.0%
2023CA$3.36BCA$695.00M20.7%
2022CA$2.98BCA$50.00M1.7%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$2.41BCA$1.42BCA$70.00M−CA$138.00M−5.7%
2024CA$2.85BCA$1.79BCA$581.00MCA$229.00M8.0%
2023CA$3.36BCA$2.18BCA$993.00MCA$695.00M20.7%
2022CA$2.98BCA$1.64BCA$491.00MCA$50.00M1.7%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TA.TO Dividend History

CA$0.26+6.3% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$0.213—
2025CA$0.264+6.3%
2024CA$0.244+9.1%
2023CA$0.224+7.3%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.213—
2025CA$0.264+6.3%
2024CA$0.244+9.1%
2023CA$0.224+7.3%
2022CA$0.214+10.8%
2021CA$0.194+43.4%
2020CA$0.133−19.4%
2019CA$0.164+0.0%
2018CA$0.164+0.0%
2017CA$0.164+300.0%
2016CA$0.041—

Most recent payment: CA$0.07 per share, ex-dividend September 1, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TA.TO Valuation vs Utilities - Independent Power Producers Median

Median of 12 stocks
MetricTA.TOUtilities - Independent Power Producers medianvs median
P/S ratio2.612.9010% below
Profit margin−1.01%2.63%3.6 pts below

Medians across 12 Utilities - Independent Power Producers stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

TransAlta Corporation (TA.TO) is capitalised at CA$5.92B on the latest close. It is classified in the Utilities - Independent Power Producers industry, within the Utilities sector. Headcount on file is 1,350.

The most recent close on file for TA.TO is CA$18.71, dated October 21, 2026. That is +CA$0.48 (+2.63%) against the previous close. Over the past 52 weeks the price has ranged from CA$15.62 to CA$25.03. The latest close sits 19.78% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$2.41B. Against the prior fiscal year total of CA$2.85B, that is a change of −15.47%. The same year closed with a net loss of CA$138.00M. The reported profit margin is −1.01%. That is 3.6 percentage points below the Utilities - Independent Power Producers median of 2.63%. Earnings per share on a trailing basis come to −0.3.

Across the 4 fiscal years on file, revenue moves from CA$2.98B in 2022 to CA$2.41B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. On forward earnings the ratio is 31.62. The PEG ratio, which sets the P/E against expected earnings growth, reads 6.98. The price-to-sales ratio is 2.61. On price-to-sales that is 9.98% below the Utilities - Independent Power Producers median of 2.9. 12 Utilities - Independent Power Producers companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.48. Annualized volatility over the trailing 10 years is 32.39%. The trailing one-year total return is −19.24%. Across 10 years the annualized return works out at +13.85%.

Growth & Income

Shareholders receive a dividend, yielding 1.54% on the latest price. That is 0.2 percentage points below the Utilities - Independent Power Producers median yield of 1.74%. At the indicated rate that is CA$0.28 a share a year. The ex-dividend date on file is September 1, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$0.21 a share. The year before, 2025, totalled CA$0.26 a share.

So far in 2026 the total return is +8.56%. The strongest complete calendar year on file is 2024 at +88.48%; the weakest is 2018 at −23.22%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

TransAlta Corporation (TA.TO) operates in the Utilities - Independent Power Producers industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
TransAlta Corporation TA.TO CA$5.92B —
Constellation Energy Corporation CEG $96.15B 26.5
Vistra Corp. VST $52.41B 26.3
NRG Energy, Inc. NRG $20.98B 26.1

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Utilities - Independent Power Producers industry average P/E ratio is 26.5x. TransAlta Corporation has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About TransAlta Corporation

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) located in Alberta and Canada. The Wind and Solar segment has a net ownership interest of approximately 2,587 MW located in Alberta, Canada, the Unites States, and Western Australia, as well as battery storage facilities. The Gas segment has a net ownership interest of approximately 4834 MW located in Alberta, Canada, the Unites States, and Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW located in the United States, as well as operates the Skookumchuck hydro facility in Centralia. The Energy Marketing segment is involved in the trading of electricity, natural gas, and environmental products. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

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