Targa Resources P/E Ratio

Targa Resources's p/e ratio stands at 24.39. That is above the Energy sector average of 16.91. Stockcircle updates this page with the newest filings so you can track how the metric evolves quarter by quarter.

Targa Resources sits higher the Energy benchmark (16.91) with a P/E ratio of 24.39. That is roughly 44.2% above the sector mean. Peer context matters because what looks expensive or cheap in absolute terms can be normal for the sector.

Whether 24.39 is attractive depends on Targa Resources's earnings outlook, competitive position, and how peers are valued. Investors typically ask: is growth accelerating, are margins stable, and is the multiple expanding or compressing over time? The history and comparison charts below are built for those checks.

The history chart shows how Targa Resources's P/E ratio evolved across reporting periods, while the comparison chart places TRGP next to similar companies. Use both: a rising metric that still lags peers tells a different story than a rising metric that already leads the group. Growth charts, when available, highlight acceleration or slowdown.

Yes — within Energy, P/E ratio is commonly used to spot outliers. Targa Resources's reading of 24.39 (sector avg 16.91) is a starting point; confirm whether differences come from growth, margins, accounting choices, or one-time items before treating an outlier as a buy or sell signal.