Targa Resources (TRGP) valuation
Targa Resources P/E ratio history
Targa Resources trades at 30.1 times its earnings over the last twelve months and 26.7 times the earnings analysts expect over the next twelve. At its last 4 fiscal year ends its P/E ranged from 18.9 (year to Dec 2022) to 31.1 (year to Dec 2024), with a median of 22.7.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $184.50 | $8.49 | 21.7 | 19.8 |
| Dec 31, 2024 | $178.50 | $5.74 | 31.1 | 24.3 |
| Dec 31, 2023 | $86.87 | $3.66 | 23.7 | 14.2 |
| Dec 31, 2022 | $73.50 | $3.88 | 18.9 | — |
| Dec 31, 2021 | $52.24 | -$0.07 | n/m | 20.6 |
| Dec 31, 2020 | $26.38 | -$7.26 | n/m | — |
| Dec 31, 2019 | $40.83 | -$1.44 | n/m | — |
| Dec 31, 2018 | $36.02 | -$0.52 | n/m | — |
| Dec 31, 2017 | $48.42 | — | n/m | — |
| Dec 31, 2016 | $56.07 | -$1.61 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Targa Resources valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Targa ResourcesTRGP | $67.6B | 30.1 | 26.7 | 4.0 |
| OneokOKE | $61.2B | 15.1 | 15.7 | 1.4 |
| Kinder MorganKMI | $75.4B | 20.9 | 21.9 | 4.1 |
| Williams CompaniesWMB | $90.9B | 29.6 | 29.5 | 7.5 |
| Peer median | 20.9 | 21.9 | 4.1 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: TRGP financials · TRGP returns
No forecast, no recommendation. This page describes Targa Resources from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.