Targa Resources Corp. (TRGP) Valuation
Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacit...
Targa Resources Corp. (TRGP) currently trades at a P/E ratio of 29.27 (historical range: 18.39–647.57, median: 27.38), placing it at the 64th percentile — above its historical average, P/S ratio of 3.77 (range: 1.83–3.93, 98th percentile — expensive relative to its history), EV/EBITDA of 95.33 (range: 16.32–111.15, 92th percentile).
Over the historical period (2024-08-30 to 2026-08-28), Targa Resources Corp.'s P/E ratio has contracted by 87% over the observed period (from an average of 199.0 to 25.0).
Targa Resources Corp. appears overvalued relative to its own historical valuation range, trading at elevated multiples across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 29.27 | 18.39 | 27.38 | 647.57 | 64th | above its historical average |
| P/S Ratio | 3.77 | 1.83 | 2.37 | 3.93 | 98th | expensive relative to its history |
| EV/EBITDA | 95.33 | 16.32 | 32.35 | 111.15 | 92th | expensive relative to its history |
| FCF Yield | 0.01 | 0.00 | 0.00 | 0.02 | 66th | below its historical average |