The current PE ratio for Targa Resources stock as of Jul 25, 2024 is 26.99. This is calculated based on the TTM EPS of $4.89 and the stock price of $131.98 per share. The PE ratio has grown by 21% from its last 4 quarters average of 22.3.
The average historical PE ratio of Targa Resources for the last ten years is 46.29. The current P/E ratio of 26.99 is 42% lower than the historical average. Looking back at the last ten years, TRGP's PE ratio peaked in the Jun 2016 quarter at 127.7, when the price was $42.14 and the EPS was $0.33. The lowest point was in the Mar 2023 quarter, when it reached 18.56 with a price of $72.95 and an EPS of $3.93.
Maximum annual increase: 26.49% in 2023
Maximum annual decrease: -42.87% in 2015
Year | PE ratio | Change |
---|---|---|
2023 | 23.54 | 26.49% |
2022 | 18.61 | N/A |
2021 | N/A | N/A |
2020 | N/A | N/A |
2019 | N/A | N/A |
2018 | N/A | N/A |
2017 | N/A | N/A |
2016 | N/A | N/A |
2015 | 24.83 | -42.87% |
2014 | 43.46 | -23.11% |
TRGP's current PE ratio is lower than its 3, 5 and 10-year averages.
In comparison to its peer stocks XOM and CVX, TRGP's PE ratio is higher. Targa Resources's current PE ratio of 26.99 is higher than the average of its peers, which is 12.89.
Stock name | PE ratio | Market cap |
---|---|---|
MUR Murphy Oil Corp | 11.12 | $6.14B |
EPD Enterprise Products Partners Lp | 11.79 | $65.02B |
XOM Exxon Mobil Corp | 14.38 | $462.63B |
CVX Chevron Corp | 14.45 | $291.53B |
TRGP Targa Resources Corp | 26.91 | $29.17B |
The price to earnings ratio for TRGP stock as of Jul 25, 2024, stands at 26.99.
As an average over the last 3 years, TRGP stock has a PE ratio of 31.42.
As an average over the last 5 years, TRGP stock has a PE ratio of 34.01.
Over the last ten years, the quarterly PE ratio reached its highest level at 127.7 in the Jun 2016 quarter.
The current PE ratio of TRGP is 42% lower than the 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 25, 2024), Targa Resources's share price is $131.98. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.89. Therefore, Targa Resources's PE ratio for today is 26.99. PE RATIO(26.99) = STOCK PRICE($131.98) / TTM EPS($4.89)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.