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.
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.
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 higher than the 3 and 5-year averages, but it is lower than its 10-year average.
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 |
The price to earnings ratio for TRGP stock as of Dec 5, 2024, stands at 35.54.
As an average over the last 3 years, TRGP stock has a PE ratio of 29.97.
As an average over the last 5 years, TRGP stock has a PE ratio of 32.89.
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 19% 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 (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.