Targa Resources forward PE TRGP

Share price divided by analysts' consensus earnings for the next twelve months, since 2010.

Today, Oct 23, 2026: 26.6×
7-year median: 17.5×
Against its 7-year history: 93rd; percentile: 0 is its lowest day, 100 its highest
7-year range: 11.4× to 356×
Peer median: 14.7×

Targa Resources' forward PE is 26.6× as of Oct 23, 2026.

That is above its 7-year median of 17.5×, higher than on 93% of days in the last 7 years.

Over that time it ranged from 11.4× in Sep 2022 to 356× in Feb 2020.

The median for 10 oil and gas pipeline stocks of a similar size is 14.7×.

Forward PE over time

median 17.5×

The dashed line is the 7-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	26.6×	17.1×	26.6×
2025	17.7×	15.3×	27.4×
2024	22.5×	14.7×	26.3×
2023	15.5×	12.7×	16.7×
2022	14.1×	11.4×	16.9×
2021	13.3×	12.7×	24.5×
2020	21.0×	13.5×	356×
2019	n/m a value too high to mean anything
2018	n/m a value too high to mean anything
2017	n/m a value too high to mean anything
2016	178×	136×	190×
2015	226×	35.0×	403×
2014	42.0×	35.1×	58.8×
2013	35.6×	27.8×	50.3×
2012	42.6×	39.5×	57.4×
2011	41.9×	15.4×	41.9×
2010	14.8×	14.2×	15.1×

Against its peers

Companies in Oil & Gas Midstream nearest Targa Resources' size, closest first, today.

Company	Forward PE
TRGPTarga Resources	26.6×
LNGCheniere Energy	16.6×
ETEnergy Transfer	12.3×
OKEONEOK	16.1×
MPLXMPLX Lp	12.9×
KMIKinder Morgan	23.3×
EPDEnterprise Products Partners	12.2×
WMBWilliams Companies	29.5×
VGVenture Global	8.2×
CQPCheniere Energy Partners	14.7×
WESWestern Midstream Partners	n/m
Peer median	14.7×

Where Targa Resources ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Targa Resources

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.