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Targa Resources TRGP

US equityMarket cap rank #387Oil & Gas MidstreamNatural Gas
$264.59 −$7.23 (-2.66%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $264.59 0.00%
Open$273.06
Prev close$271.82
Day range$263.74 – $274.61
Volume2.61M
Market cap$56.77B
P/E (TTM)23.4
Dividend yield1.70%

Valuation

Multiples measured against the stock's own five-year history

Price / earnings30.1x
CheapRich

Above its usual level · 63rd percentile, 5-year average -16.3x

#2109 of 2972 stocks by PE (1 = cheapest)

Price / book18.5x
CheapRich

Near the top of its 5-year range · 98th percentile, 5-year average 11.2x

#5090 of 5311 stocks by PB (1 = cheapest)

Price / sales4.0x
CheapRich

Near the top of its 5-year range · 100th percentile, 5-year average 1.7x

#3637 of 5150 stocks by PS (1 = cheapest)

P/E over five years

-1,213x-710x-206x297xMay '21Jan '24Nov '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$269.45
Price vs. fair value-1.8%Close to the estimate
Star rating★★☆☆☆
Economic moatWide
UncertaintyMedium
MultipleCurrentForward5y averagePercentile vs. own historyIndustry rank
PB 18.47 – 11.17 98% (pricier than usual) #5090 of 5311 (1 = cheapest)
PE 30.11 28.08 -16.26 63% (pricier than usual) #2109 of 2972 (1 = cheapest)
PS 4.03 3.16 1.74 100% (pricier than usual) #3637 of 5150 (1 = cheapest)

Percentile is against this stock’s own 5-year valuation range: higher means it’s trading rich relative to its own history, lower means cheap relative to its own history — it is not a comparison against other companies. Forward multiples use consensus estimates for the next twelve months; a forward multiple below the current one usually signals analysts expect earnings to grow.

Morningstar view

Star rating★★
Fair value estimate$269.45
Economic moatWide
UncertaintyMedium

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