TRGP Targa Resources PE ratio, current and historical analysis

The current PE ratio for Targa Resources stock as of Aug 14, 2025 is 23.64. This is calculated based on the TTM EPS of $7 and the stock price of $165.51 per share. The PE ratio marks a decrease of 21% from its last 4 quarters average of 29.8.

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 41.83. The current P/E ratio of 23.64 is 43% 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.

Today
23.57
Average
41.83
Median
32.11
Minimum
18.56
Maximum
127.7

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
Jun 2025 24.87 -32.27% $174.08 $7
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

TRGP Price vs fair value

How does TRGP's price compare to its estimated fair value based on its growth

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
27.34
5-year avg
32.5
10-year avg
41.83
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 23.64 is higher than the average of its peers, which is 14.73.

Stock name PE ratio Market cap
EPD Enterprise Products Partners Lp 11.78 $68.58B
MUR Murphy Oil Corp 11.82 $3.29B
XOM Exxon Mobil Corp 15.19 $455.95B
CVX Chevron Corp 20.14 $271.43B
TRGP Targa Resources Corp 23.57 $35.51B

Frequently asked questions

What is Targa Resources's PE ratio?

The price to earnings ratio for TRGP stock as of Aug 14, 2025, stands at 23.64.

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 27.34.

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 32.5.

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 43% 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 (Aug 14, 2025), Targa Resources's share price is $165.51. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2025 is $7. Therefore, Targa Resources's PE ratio for today is 23.64. PE RATIO(23.64) = STOCK PRICE($165.51) / TTM EPS($7)

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