Is the price fair?
What TRGP's price assumes
Targa Resources trades at 28.1× earnings against 18.3× for the median Oil & Gas Midstream name, more expensive than its own group.
28.1
Trailing P/E · Oil & Gas Midstream median 18.3 · 1.54× the median: the market pays up for this one
- Price / sales
- 3.25
Price / sales · as of 2026-Q1
- Free cash flow yield
- 1.3%
Free cash flow yield · Oil & Gas Midstream median 5.4%
- 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 / book2026-Q1
- 17.1
- EV / EBIT2026-Q1
- 20.0
- EV / sales2026-Q1
- 4.40
- Energy median P/E127 names
- 16.4
- Oil & Gas Midstream median P/E28 names
- 18.3
- 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 | $240.66 |
| Its own P/E history, median | $261.58 |
| Its own P/E history, upper quartile | $290.69 |
| 52-week range | $143.89 – $302.21 |
| Today | $294.02 |
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
Ranks #16 of 27 by Smart Score