How does Targa Resources Corp. (TRGP)'s PE ratio compare to its industry?

Targa Resources Corp. (TRGP) trades at a PE of 21.7 versus a Oil & Gas Midstream Industry median of 13.6 (143 companies), putting it above the median of that group. A relative PE gap is one signal, not investment advice — see the full DCF fair value at evidinvest.com/valuation/TRGP.

TRGP PE Benchmarks

Targa Resources Corp. • Energy

PE Type:

Period:

Data Quality:Good

Current PE Ratio

21.7

Diluted • annual

Forward PE

23.5

NTM Estimate

Sector Companies

500

336 with PE data

Sector Median PE

32.1

336 companies

Peer Companies

Direct competitors

Sector Analysis: Energy

Total Companies

500

With PE Data

336

Median PE

32.1

PE Range

0.0 - 177.3

Forward PE Median

13.4

Energy Sector

1327 companies • sector

Above Median(69th %ile)

Current PE:21.7

Forward PE:23.5

Median PE:12.5

Average PE:24.7

Min PE:0.1

Max PE:198.0

25th-75th %ile:5.7 - 24.7

Min: 0.1Max: 198.0

Current: 21.7

Oil & Gas Midstream Industry

143 companies • industry

Above Median(74th %ile)

Current PE:21.7

Forward PE:23.5

Median PE:13.6

Average PE:21.4

Min PE:0.6

Max PE:156.9

25th-75th %ile:7.7 - 22.0

Min: 0.6Max: 156.9

Current: 21.7

Peer Companies

4 companies • peers

High PE(75th %ile)

Current PE:21.7

Forward PE:23.5

Median PE:12.1

Average PE:12.4

Min PE:10.8

Max PE:14.6

25th-75th %ile:11.0 - 13.5

Min: 10.8Max: 14.6

Current: 21.7

Peer Companies

(4 companies)

MPLX

PAA

PAGP

WES

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About PE Benchmarks

• Sector: Companies in the same broad industry sector
• Industry: Companies in the same specific industry classification
• Peers: Direct competitors identified through business analysis
• Position: Where this stock ranks relative to the benchmark group
• Forward PE: Based on next 4 quarters analyst EPS estimates from earnings data

Last updated: 8/19/2026, 7:38:13 AM• Based on latest annual diluted PE ratios

Targa Resources Corp. (TRGP) Peer Benchmarks & Industry PE 2026 | EvidInvest

TRGP PE Benchmarks

Sector Analysis: Energy

Energy Sector

Oil & Gas Midstream Industry

Peer Companies

Peer Companies

Stock List PE Comparison

More on TRGP

Compare with peers

Explore

TRGP PE Benchmarks

Sector Analysis: Energy

Energy Sector

Oil & Gas Midstream Industry

Peer Companies

Peer Companies

Stock List PE Comparison

More on TRGP

Compare with peers

Explore