Targa Resources Corp.
Targa Resources Corp. (TRGP) PE Ratio — Current & Historical Data
Trailing twelve months (TTM) P/E, forward P/E, PEG, and annual PE history — from market prices and filings.
trgp · pe ratio · data through Dec 31, 2025
Core PE Ratio Metrics
Trailing 12 months · TTMThe price-to-earnings (P/E) ratio for Targa Resources Corp. (TRGP) measures how much investors pay for each dollar of the company's trailing earnings. TRGP's current PE ratio of 26.72x is calculated by dividing its stock price of $264.09 by its TTM earnings per share of $9.88. −48.3% discount vs 5Y avg 51.7x
Source: FMP · /ratios-ttm · /analyst-estimates · 2025-12-31
PE Ratio History
2008 – 2025 · Annual▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare (Annual)
Historical PE Range
Past 14 fiscal years · Front-end computedMinQ1 · 25%39.6x
MedianQ3 · 75%5047.3x
Max
At 26.72x, TRGP's current P/E is within its average historical range over the past 14 fiscal years.
Percentile calculated from annual fiscal year data points, not by trading day. Years where PE ≤ 0 or > 9,999 are excluded.
PE Ratio vs Peers
Oil & Gas Midstream · 6 peers · Annual PE| Company | Market Cap | PE (Annual) | vs Avg | EPS (TTM) |
|---|---|---|---|---|
Targa Resources Corp.You TRGP | $56.7B | 26.72x | +82.5% | $9.88 |
 Cheniere Energy Partners, L.P. CQP | $31.2B | 8.67x | -40.8% | $6.17 |
 Cenovus Energy Inc. CVE | $52.6B | 10.70x | -26.9% | $2.17 |
 EQT Corporation EQT | $33.6B | 16.42x | +12.2% | $3.27 |
 Energy Transfer LP ET | $66.7B | 12.28x | -16.1% | $1.34 |
 Diamondback Energy, Inc. FANG | $54.2B | 26.12x | +78.4% | $5.76 |
 ONEOK, Inc. OKE | $55.6B | 13.64x | -6.8% | $5.39 |
Industry Average 6 peers with valid PE | — | 14.64x | baseline | — |
* N/A — Company is not profitable (TTM) · excluded from industry average · ▸ FMP /stock-peers + /ratios?limit=1 · priceToEarningsRatio
Annual PE Ratio History
| Fiscal Year End | PE Ratio | EPS (TTM) | YoY Change | PE vs Max |
|---|---|---|---|---|
2025-12-31Latest FY2025 | 21.51x | $8.58 | -30.5% | |
2024-12-31 FY2024 | 30.96x | $5.77 | +31.4% | |
2023-12-31 FY2023 | 23.56x | $3.69 | +61.1% | |
2022-12-31 FY2022 | 14.63x | $5.03 | -91.3% | |
2021-12-31 FY2021 | 167.73x | $0.31 | — | |
2020-12-31 FY2020 | — | $-6.69 | — | |
2019-12-31 FY2019 | — | $-0.90 | — | |
2018-12-31 FY2018 | 5047.30x | $0.01 | +2652.3% | |
2017-12-31 FY2017 | 183.38x | $0.26 | — | |
2016-12-31 FY2016 | — | $-1.01 | — |
▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare · Zero extra API
About PE Ratio & Methodology
The price-to-earnings (P/E) ratio for Targa Resources Corp. (TRGP) measures how much investors pay for each dollar of the company's trailing earnings. TRGP's current PE ratio of 26.72x is calculated by dividing its stock price of $264.09 by its TTM earnings per share of $9.88.
Frequently asked questions
TRGP pe ratio · 6 questionsTRGP's current PE ratio is 26.72x as of 2026-06-08, based on a stock price of $264.09 and TTM EPS of $9.88. Data sourced from Financial Modeling Prep via TRGP's SEC 10-K and 10-Q filings.
▸ Source: FMP · /ratios-ttm · /ratios annual · /analyst-estimates · /stock-peers · Targa Resources Corp. SEC 10-K & 10-Q filings · US GAAP · Updated: 2026-06-08