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TRGP Targa Resources PE ratio, current and historical analysis

The current PE ratio for Targa Resources stock as of Dec 5, 2024 is 35.54. This is calculated based on the TTM EPS of $5.58 and the stock price of $198.33 per share. The PE ratio has grown by 42% from its last 4 quarters average of 25.0.

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 44.05. The current P/E ratio of 35.54 is 19% 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
44.05
Median
36.49
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 higher than the 3 and 5-year averages, but it is lower than its 10-year average.

3-year avg
29.97
5-year avg
32.89
10-year avg
44.05
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 35.54 is higher than the average of its peers, which is 13.55.

Stock name PE ratio Market cap
MUR Murphy Oil Corp 10.09 $4.59B
EPD Enterprise Products Partners Lp 12.38 $71.4B
XOM Exxon Mobil Corp 14.22 $501.88B
CVX Chevron Corp 17.23 $283.06B
TRGP Targa Resources Corp 35.39 $43.06B

Frequently asked questions

What is Targa Resources's PE ratio?

The price to earnings ratio for TRGP stock as of Dec 5, 2024, stands at 35.54.

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 29.97.

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 32.89.

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 19% 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 (Dec 5, 2024), Targa Resources's share price is $198.33. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $5.58. Therefore, Targa Resources's PE ratio for today is 35.54. PE RATIO(35.54) = STOCK PRICE($198.33) / TTM EPS($5.58)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.