TRGP P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
TRGP's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
TRGP P/E ratio by year
Yearly range of TRGP’s p/e ratio from 2016 to 2026. Over the full period it ranged from -265.7 to 624.5, averaging 21.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 20.5 | 26.0 | 29.4 | 28.0 |
| 2025 | 19.7 | 27.8 | 37.8 | 21.7 |
| 2024 | 22.2 | 27.9 | 37.4 | 31.0 |
| 2023 | 17.1 | 20.6 | 23.6 | 22.6 |
| 2022 | -265.7 | -40.6 | 93.7 | 71.1 |
| 2021 | -182.0 | 36.3 | 65.4 | -182.0 |
| 2020 | -29.2 | -6.7 | -0.7 | -3.6 |
| 2019 | -94.0 | -47.1 | -24.8 | -28.4 |
| 2018 | -105.0 | 64.3 | 202.6 | -70.7 |
| 2017 | -45.1 | -27.2 | -16.1 | -19.3 |
| 2016 | 81.8 | 441.7 | 624.5 | 601.6 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is TRGP P/E ratio High or Low Right Now?
Targa Resources Corp.'s P/E ratio is currently 28.0, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for TRGP is approximately 22.0. See all TRGP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.