P/E ratio for Targa Resources (TRGP)
P/E ratio as of April 2024 (TTM): 30.3
According to Targa Resources 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.3481. 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 |
|---|---|---|
| 2022 | 18.6 | -102.84% |
| 2021 | -653 | 17895.87% |
| 2020 | -3.63 | -87.2% |
| 2019 | -28.4 | -59.07% |
| 2018 | -69.3 | -58.51% |
| 2017 | -167 | 367.59% |
| 2016 | -35.7 | -238.56% |
| 2015 | 25.8 | -40.71% |
| 2014 | 43.5 | -23.1% |
| 2013 | 56.5 | -1.59% |
| 2012 | 57.4 | 7.28% |
| 2011 | 53.5 | -1136.75% |
| 2010 | -5.16 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Exxon Mobil XOM | 11.7 | -61.43% | 🇺🇸 USA |
 Chevron CVX | 12.3 | -59.57% | 🇺🇸 USA |
 Enbridge ENB | 25.6 | -15.65% | 🇨🇦 Canada |
 Murphy Oil
MUR | 9.76 | -67.85% | 🇺🇸 USA |
 Enterprise Products EPD | 11.8 | -61.25% | 🇺🇸 USA |
 ENI E | 6.07 | -79.99% | 🇮🇹 Italy |
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.