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TRGP Targa Resources PE ratio, current and historical analysis

The current PE ratio for Targa Resources stock as of Jun 14, 2024 is 24.34. This is calculated based on the TTM EPS of $4.89 and the stock price of $119 per share. The PE ratio has grown by 9% from its last 4 quarters average of 22.3.

TRGP PE ratio history

How has TRGP's PE ratio performed in the past

The average historical PE ratio of Targa Resources for the last ten years is 47.34. The current P/E ratio of 24.34 is 49% 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.

Average
47.34
Median
43.46
Minimum
18.56
Maximum
127.7

Targa Resources PE ratio by year

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 average PE ratio chart

What is the average PE ratio of TRGP for the past years

TRGP's current PE ratio is lower than its 3, 5 and 10-year averages.

3-year avg
33.76
5-year avg
34.01
10-year avg
47.34
15-year avg
N/A

TRGP PE vs peers

What is TRGP's PE ratio compared to its peers

In comparison to its peer stocks XOM and CVX, TRGP's PE ratio is higher. Targa Resources's current PE ratio of 24.34 is higher than the average of its peers, which is 12.27.

Stock name PE ratio Market cap
MUR Murphy Oil Corp 10.58 $5.84B
EPD Enterprise Products Partners Lp 11.15 $61.52B
XOM Exxon Mobil Corp 13.37 $430.22B
CVX Chevron Corp 13.97 $281.8B
TRGP Targa Resources Corp 24.34 $26.38B

Frequently asked questions

What is Targa Resources's PE ratio?

The price to earnings ratio for TRGP stock as of Jun 14, 2024, stands at 24.34.

What is the 3-year average PE ratio for Targa Resources (TRGP)?

As an average over the last 3 years, TRGP stock has a PE ratio of 33.76.

What is the 5-year average PE ratio for Targa Resources (TRGP)?

As an average over the last 5 years, TRGP stock has a PE ratio of 34.01.

What is the highest PE ratio for TRGP?

Over the last ten years, the quarterly PE ratio reached its highest level at 127.7 in the Jun 2016 quarter.

How does the current PE ratio for TRGP compare to its historical average?

The current PE ratio of TRGP is 49% lower than the 10-year historical average.

How is TRGP's PE ratio calculated (Targa Resources PE ratio formula)?

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 (Jun 14, 2024), Targa Resources's share price is $119. 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 24.34. PE RATIO(24.34) = STOCK PRICE($119) / TTM EPS($4.89)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.