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 Jul 2, 2026 is 26.34. This is calculated based on the TTM EPS of $9.83 and the stock price of $258.88 per share. The PE ratio has grown by 11% from its last 4 quarters average of 23.6.
TRGP PE ratio history
The average historical PE ratio of Targa Resources for the last nine years is 36.52. The current P/E ratio of 26.34 is 28% lower than the historical average. Looking back at the last nine years, TRGP's PE ratio peaked in the Mar 2018 quarter at 97.78, when the price was $44 and the EPS was $0.45. 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 |
|---|---|---|---|---|
| 2025 | 21.65 | -30.03% | $184.5 | $8.52 |
| 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 |
Targa Resources PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 25.51 | 17.83% | $250.73 | $9.83 |
| Dec 2025 | 21.65 | -3.73% | $184.5 | $8.52 |
| Sep 2025 | 22.49 | -9.57% | $167.54 | $7.45 |
| 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 |
TRGP Price vs fair value
TRGP average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
TRGP's current PE ratio is higher than the 3-year average, but it is lower than its 5 and 10-year averages.
PE comparison
Targa Resources's price to earnings (P/E) of 26.34 is higher than the Energy sector and the industry average. In comparison with the Energy sector average of 16.23, Targa Resources's price to earnings (P/E) is 62% higher.
TRGP PE vs peers
In comparison to its peers CVX and MUR, TRGP's PE ratio is lower, but it is higher than XOM's and EPD's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EPD Enterprise Products Partners Lp | 13.61 | $79.51B |
| XOM Exxon Mobil Corp | 23.08 | $568.23B |
| TRGP Targa Resources Corp | 26.34 | $55.57B |
| CVX Chevron Corp | 29.38 | $336.98B |
| MUR Murphy Oil Corp | 53.13 | $4.57B |
Frequently asked questions
What is Targa Resources's PE ratio?
The price to earnings ratio for TRGP stock as of Jul 2, 2026, stands at 26.34.
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 25.85.
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 29.31.
What is the highest PE ratio for TRGP?
Over the last nine years, the quarterly PE ratio reached its highest level at 97.78 in the Mar 2018 quarter.
How does the current PE ratio for TRGP compare to its historical average?
The current PE ratio of TRGP is 28% lower than the 9-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 (Jul 2, 2026), Targa Resources's share price is $258.88. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $9.83. Therefore, Targa Resources's PE ratio for today is 26.34. PE RATIO(26.34) = STOCK PRICE($258.88) / TTM EPS($9.83)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.