P/E ratio for Targa Resources (TRGP)

P/E ratio history for Targa Resources from 2010 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Chevron CVX	11.6	-76.76%	🇺🇸 USA
Enterprise Products EPD	12.3	-75.41%	🇺🇸 USA
Enbridge ENB	30.3	-39.42%	🇨🇦 Canada
ENI E	5.55	-88.89%	🇮🇹 Italy
Murphy Oil MUR	7.06	-85.86%	🇺🇸 USA
Exxon Mobil XOM	12.0	-75.92%	🇺🇸 USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.