The Globe and Mail reports in its Wednesday, Aug. 5, edition that value stocks usually offer a high dividend yield, low price-to-book value (p/b) ratio and/or low price-to-earnings (p/e) ratio. The Globe's guest columnist Gordon Pape writes that value stocks typically trade at a bargain price relative to the market and their peers. Mr. Pape believes TC Energy ($63.35) fits the value stock criteria. It is a pipeline and storage company that also has interests in power generation. It also owns 48.4 per cent of the Bruce Power nuclear plant, which supplies about 30 per cent of Ontario's electrical power. It reported first quarter income attributable to common shares of $1.15-billion or $1.22 a share. That compared with income of $1-billion or $1.09 for the same period in 2019. TC Energy said COVID-19 had minimal impact on it. It said it is in a sound financial position, having added $9-billion in liquidity in April. The stock pays a quarterly dividend of 81 cents a share or $3.24 a year, for a yield of 5.3 per cent. The P/E ratio is 13.42. TC Energy plans "to prudently fund [its] $43-billion secured capital program in a manner that is consistent with maintaining our solid credit ratings and targeted credit metrics."