Targa Resources
TRGP
#467
Rank
ยฃ34.20 B
Marketcap
ยฃ157.18
Share price
1.30%
Change (1 day)
75.70%
Change (1 year)

P/E ratio for Targa Resources (TRGP)

P/E ratio as of April 2025 (TTM): 52.7

According to Targa Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 52.7455. At the end of 2022 the company had a P/E ratio of 18.6.

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

PE ratio at the end of each year

Year P/E ratio Change
202218.6-102.84%
2021-65317895.87%
2020-3.63-87.2%
2019-28.4-59.07%
2018-69.3-58.51%
2017-167367.59%
2016-35.7-238.56%
201525.8-40.71%
201443.5-23.1%
201356.5-1.59%
201257.47.28%
201153.5-1136.75%
2010-5.16

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
12.5-76.37%๐Ÿ‡บ๐Ÿ‡ธ USA
13.8-73.81%๐Ÿ‡บ๐Ÿ‡ธ USA
31.9-39.60%๐Ÿ‡จ๐Ÿ‡ฆ Canada
5.79-89.03%๐Ÿ‡ฎ๐Ÿ‡น Italy
6.04-88.55%๐Ÿ‡บ๐Ÿ‡ธ USA
11.8-77.59%๐Ÿ‡บ๐Ÿ‡ธ 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.