TRGP Targa Resources PE ratio, current and historical analysis
- Stocks
- Energy
- NYSE: TRGP
- PE Ratio
The current PE ratio for Targa Resources stock as of May 16, 2025 is 30.35. This is calculated based on the TTM EPS of $5.46 and the stock price of $165.69 per share. The current PE ratio is about the same compared to the last four quarters average.
TRGP PE ratio history
The average historical PE ratio of Targa Resources for the last ten years is 43.06. The current P/E ratio of 30.35 is 30% 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.
Targa Resources PE ratio by year
Maximum annual increase: 31.44% in 2024
Maximum annual decrease: -42.87% in 2015
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 30.94 | 31.44% | $178.5 | $5.77 |
| 2023 | 23.54 | 26.49% | $86.87 | $3.69 |
| 2022 | 18.61 | N/A | $73.5 | $3.95 |
| 2021 | N/A | N/A | $52.24 | -$0.07 |
| 2020 | N/A | N/A | $26.38 | -$7.26 |
| 2019 | N/A | N/A | $40.83 | -$1.44 |
| 2018 | N/A | N/A | $36.02 | -$0.53 |
| 2017 | N/A | N/A | $48.42 | -$0.31 |
| 2016 | N/A | N/A | $56.07 | -$1.8 |
| 2015 | 24.83 | -42.87% | $27.06 | $1.09 |
| 2014 | 43.46 | -23.11% | $106.05 | $2.44 |
| 2013 | 56.52 | -0.53% | $88.17 | $1.56 |
| 2012 | 56.82 | 4.74% | $52.84 | $0.93 |
| 2011 | 54.25 | N/A | $40.69 | $0.75 |
| 2010 | N/A | N/A | $26.81 | -$30.94 |
Targa Resources PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 36.72 | 18.68% | $200.47 | $5.46 |
| Dec 2024 | 30.94 | 16.62% | $178.5 | $5.77 |
| Sep 2024 | 26.53 | -1.34% | $148.01 | $5.58 |
| Jun 2024 | 26.89 | 17.42% | $128.78 | $4.79 |
| Mar 2024 | 22.9 | -2.72% | $111.99 | $4.89 |
| Dec 2023 | 23.54 | 5.75% | $86.87 | $3.69 |
| Sep 2023 | 22.26 | 9.12% | $85.72 | $3.85 |
| Jun 2023 | 20.4 | 9.91% | $76.1 | $3.73 |
| Mar 2023 | 18.56 | -0.27% | $72.95 | $3.93 |
| Dec 2022 | 18.61 | -66.69% | $73.5 | $3.95 |
| Sep 2022 | 55.87 | -12.92% | $60.34 | $1.08 |
| Jun 2022 | 64.16 | N/A | $59.67 | $0.93 |
| Mar 2022 | N/A | N/A | $75.47 | -$0.56 |
| Dec 2021 | N/A | N/A | $52.24 | -$0.07 |
| Sep 2021 | 36.45 | -33.58% | $49.21 | $1.35 |
TRGP Price vs fair value
TRGP average PE ratio chart
TRGP's current PE ratio is lower than its 3, 5 and 10-year averages.
TRGP PE vs peers
In comparison to its peer stocks XOM and CVX, TRGP's PE ratio is higher. Targa Resources's current PE ratio of 30.35 is higher than the average of its peers, which is 12.77.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MUR Murphy Oil Corp | 8.4 | $3.15B |
| EPD Enterprise Products Partners Lp | 12.14 | $70.29B |
| XOM Exxon Mobil Corp | 14.35 | $466.26B |
| CVX Chevron Corp | 16.18 | $248.16B |
| TRGP Targa Resources Corp | 30.35 | $35.94B |
Frequently asked questions
What is Targa Resources's PE ratio?
The price to earnings ratio for TRGP stock as of May 16, 2025, stands at 30.35.
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 30.62.
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 33.01.
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 30% 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 (May 16, 2025), Targa Resources's share price is $165.69. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $5.46. Therefore, Targa Resources's PE ratio for today is 30.35. PE RATIO(30.35) = STOCK PRICE($165.69) / TTM EPS($5.46)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.