TRGP
Targa Resources
PEG ratio, current and historical analysis
- Stocks
- Energy
- NYSE: TRGP
- PEG Ratio
Based on the most recent data from Jul 2, 2026, TRGP's PEG ratio comes in at 0.33. This metric factors in a PE of 26.34 with an earnings growth rate of 80.0%. Relative to the 0.5 average from the previous four quarters, the PEG ratio has decreased by 33%.
TRGP PEG ratio history
Looking at the last nine years, TRGP's PEG ratio has has been around 0.77 on average. At 0.33, today's PE to growth ratio sits 57% below its historical average. Within the last nine years, the Jun 2022 quarter recorded the highest PEG value at 4.34. At 0, the Dec 2022 quarter showed the minimum PEG ratio in this period.
Targa Resources PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.45 | 21.65 | 47.7% |
| 2024 | 0.55 | 30.94 | 56.4% |
| 2023 | N/A | 23.54 | -6.6% |
| 2022 | 0 | 18.61 | 5,742.9% |
| 2021 | N/A | N/A | 99% |
| 2020 | N/A | N/A | -404.2% |
| 2019 | N/A | N/A | -171.7% |
| 2018 | N/A | N/A | -71% |
| 2017 | N/A | N/A | 82.8% |
| 2016 | N/A | N/A | -265.1% |
| 2015 | N/A | 24.83 | -55.3% |
| 2014 | 0.77 | 43.46 | 56.4% |
| 2013 | 0.83 | 56.52 | 67.7% |
| 2012 | 2.37 | 56.82 | 24% |
| 2011 | 0.53 | 54.25 | 102.4% |
Targa Resources PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 0.32 | 25.51 | 80% |
| Dec 2025 | 0.45 | 21.65 | 47.7% |
| Sep 2025 | 0.67 | 22.49 | 33.5% |
| Jun 2025 | 0.54 | 24.87 | 46.1% |
| Mar 2025 | 3.14 | 36.72 | 11.7% |
| Dec 2024 | 0.55 | 30.94 | 56.4% |
| Sep 2024 | 0.59 | 26.53 | 44.9% |
| Jun 2024 | 0.95 | 26.89 | 28.4% |
| Mar 2024 | 0.94 | 22.9 | 24.4% |
| Dec 2023 | N/A | 23.54 | -6.6% |
| Sep 2023 | 0.09 | 22.26 | 256.5% |
| Jun 2023 | 0.07 | 20.4 | 301.1% |
| Mar 2023 | 0.02 | 18.56 | 801.8% |
| Dec 2022 | 0 | 18.61 | 5,742.9% |
| Sep 2022 | N/A | 55.87 | -20% |
TRGP average PEG ratio chart
Measured against past performance, TRGP's PEG ratio is below the 3, 5 and 10-year averages.
PEG comparison
Targa Resources's PEG of 0.33 is above the Energy sector average but below the industry average. Compared to its Energy sector average of 0.31, Targa Resources's PEG is 6% higher.
TRGP EPS growth
TRGP Price vs fair value
TRGP PEG vs peers
Compared to its peer stock EPD, TRGP's PEG ratio sits lower.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| TRGP Targa Resources Corp | 0.33 | $55.57B |
| EPD Enterprise Products Partners Lp | 12.37 | $79.51B |
| CVX Chevron Corp | N/A | $336.98B |
| MUR Murphy Oil Corp | N/A | $4.57B |
| XOM Exxon Mobil Corp | N/A | $568.23B |
Frequently asked questions
What is Targa Resources's PEG ratio?
TRGP shows a PEG ratio of 0.33, per Jul 2, 2026 data.
What is the 3-year average PEG ratio for Targa Resources (TRGP)?
TRGP has a 3-year average PEG ratio of 0.82.
What is the 5-year average PEG ratio for Targa Resources (TRGP)?
TRGP has a 5-year average PEG ratio of 0.87.
What is the highest PEG ratio for TRGP?
The Jun 2022 quarter marked the nine years high at 4.34 for TRGP's PEG ratio.
How does the current PEG ratio for TRGP compare to its historical average?
TRGP currently has a PEG ratio 57% below its 9-year average.
Why is Targa Resources's PEG ratio so low?
At 0.33, TRGP's PEG ratio suggests the stock may be attractively priced given its growth rate.
How is TRGP's PEG ratio calculated (Targa Resources PEG ratio formula)?
To calculate the PEG ratio, take the company's PE ratio and divide by its EPS growth (YoY TTM). As of Jul 2, 2026, Targa Resources has a P/E ratio of 26.34. Earnings grew at 80.0% over the TTM period ending Mar 2026. Applying the formula, this produces a price to earnings growth ratio of 0.33. PEG RATIO(0.33) = PE RATIO(26.34) / EPS GROWTH(80.0%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.