Targa Resources Corp. (TRGP) P/E Ratio History
Historical price-to-earnings valuation from 2011 to 2025
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TRGP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Targa Resources Corp. (TRGP) trades at a price-to-earnings ratio of 29.3x, with a stock price of $249.50 and trailing twelve-month earnings per share of $7.64.
The current P/E is 35% below its 5-year average of 45.2x. Over the past five years, TRGP's P/E has ranged from a low of 18.8x to a high of 176.0x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Energy sector median P/E of 16.9x, TRGP trades at a 74% premium to its sector peers. The sector includes 174 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, TRGP trades roughly in line with the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TRGP DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
TRGP P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $17B | 13.8 | 0.67 | -25% | |
| $25B | 14.5 | 0.41Best | +49% | |
| $11B | 24.0 | - | +206%Best | |
| $8B | 13.4 | 0.79 | +15% | |
| $57B | 11.5Lowest | - | +14% | |
| $10B | 24.6 | - | +4% | |
| $81B | 14.1 | 1.53 | -1% | |
| $68B | 14.7 | - | +5% | |
| $5B | 45.5 | - | -49% | |
| $54B | 15.8 | 0.51 | +5% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
TRGP Historical P/E Data (2011–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $167.54 | $7.44 | 22.5x | -64% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $174.08 | $6.99 | 24.9x | -60% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $200.47 | $5.44 | 36.8x | -41% |
| FY2024 Q4 | $178.50 | $5.75 | 31.0x | -50% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $148.01 | $5.55 | 26.7x | -57% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $128.78 | $4.77 | 27.0x | -57% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $111.99 | $4.87 | 23.0x | -63% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $86.87 | $3.68 | 23.6x | -62% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $85.72 | $3.84 | 22.3x | -64% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $76.10 | $3.71 | 20.5x | -67% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $72.95 | $3.88 | 18.8x | -70% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $73.50 | $3.91 | 18.8x | -70% |
Average P/E for displayed period: 62.1x
Full TRGP Stock Analysis
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Start ComparisonTRGP — Frequently Asked Questions
Quick answers to the most common questions about buying TRGP stock.
Is TRGP stock overvalued or undervalued?
TRGP trades at 29.3x P/E, below its 5-year average of 45.2x. At the 50th percentile of historical range, the stock is priced at a discount to its own history.
How does TRGP's valuation compare to peers?
Targa Resources Corp. P/E of 29.3x compares to sector median of 16.9x. The premium reflects expected growth above peers.
What is TRGP's PEG ratio?
TRGP PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2011-2025.