TRGPTarga Resources
Is the price fair?
A demanding price: priced for +23% a year vs −2% a year delivered and rich vs its sector.
Priced for ~23% a year FCF growth. The price already bakes in strong, sustained growth.
In its normal range: P/E 27.4 vs a 25.9 median over 24 quarters (+6% vs median).
Sector median 12.7× across 65 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.
Unless marked, from derived, as of Jun 30, 2026.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What TRGP's price assumes
Targa Resources trades at 27.4× earnings against 18.4× for the median Oil & Gas Midstream name, more expensive than its own group.
Trailing P/E · Oil & Gas Midstream median 18.4 · 1.49× the median: the market pays up for this one
- Price / sales
- 3.32
Price / sales · today's price, trailing year to Jun 30, 2026
- Free cash flow yield
- 1.3%
Free cash flow yield · Oil & Gas Midstream median 5.5%
- Growth the price implies
- +23%
Growth the price implies · The price pays for +23% free cash flow growth a year for a decade; the business has delivered −4.7% a year over the last three.
Details›
- Price / booktoday's price, trailing year to Jun 30, 2026
- 15.2
- EV / EBITtoday's price, trailing year to Jun 30, 2026
- 19.4
- EV / salestoday's price, trailing year to Jun 30, 2026
- 4.44
- Energy median P/E157 names
- 16.0
- Oil & Gas Midstream median P/E32 names
- 18.4
- Free cash flow, trailing twelve months
- $741M
- Market capitalisation
- $55.5B
- 3-year revenue growth
- −2.1%
- 3-year free cash flow growth
- −4.7%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $231.63 |
| Its own P/E history, median | $270.94 |
| Its own P/E history, upper quartile | $432.10 |
| 52-week range | $143.89 – $302.21 |
| Today | $286.62 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Oil & Gas Midstream
The closest names by size in the same industry