Targa Resources PE ratio TRGP

Share price divided by earnings per share over the last twelve months, since 2012.

Today, Oct 23, 2026: 28.9×
10-year median: 30.8×
Against its 10-year history: 43rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 17.3× to 209×
Peer median: 14.2×

Targa Resources' PE ratio is 28.9× as of Oct 23, 2026: a share price of $302.37 against $10.48 of earnings per share over the last twelve months.

That is below its ten-year median of 30.8×, close to the middle of its last ten years.

Over that time it ranged from 17.3× in Mar 2023 to 209× in Jul 2018.

The median for 10 oil and gas pipeline stocks of a similar size is 14.2×.

PE ratio over time

median 30.8×

The dashed line is the 10-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	28.9×	23.8×	30.1×
2025	24.6×	21.3×	38.9×
2024	32.0×	21.6×	37.4×
2023	22.7×	17.3×	73.8×
2022	70.7×	41.4×	83.6×
2021	39.0×	37.1×	66.9×
2020	n/m a value too high to mean anything
2019	37.1×	34.9×	40.3×
2018	31.0×	31.0×	209×
2017	n/m a value too high to mean anything
2016	142×	13.8×	153×
2015	22.9×	21.8×	50.6×
2014	44.9×	39.9×	83.2×
2013	65.5×	57.3×	74.0×
2012	60.6×	52.3×	67.3×

Against its peers

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

Company	PE ratio
TRGPTarga Resources	28.9×
LNGCheniere Energy	22.2×
ETEnergy Transfer	n/m
OKEONEOK	16.5×
MPLXMPLX Lp	12.7×
KMIKinder Morgan	22.1×
EPDEnterprise Products Partners	12.9×
WMBWilliams Companies	28.6×
VGVenture Global	11.0×
CQPCheniere Energy Partners	11.4×
WESWestern Midstream Partners	14.2×
Peer median	14.2×

Where Targa Resources ranks

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

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.