Basis: Current FMP quote-based enterprise value / four-quarter operating income. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBIT ratio high or low?
The EV/EBIT ratio of 20.95x is 17% above its estimated 5-year average of 17.87x, near the high end of its estimated 5-year range (9.67x–25.49x).
As of 2026-09-23T17:11:25.695Z. 7.33% above its estimated 12-month average of 19.52x.
Calculation as of: 2026-09-23T17:11:25.695Z.
Quote observation: 2026-09-23T17:10:26.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 4c22e45dadadc27878a3237a20575dce780364b56c4cf1ed7ebd5eb5bcd6486f
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBIT RATIO
20.95x
EV/EBIT RATIO AVG TTM
19.52x
EV/EBIT RATIO AVG 3Y
18.53x
EV/EBIT RATIO AVG 5Y
17.87x
EV/EBIT RATIO AVG 10Y
26.00x
EV/EBIT RATIO AVG 15Y
18.51x
EV/EBIT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+7.33%
CURRENT VS 3Y AVG
+13.08%
CURRENT VS 5Y AVG
+17.25%
CURRENT VS 10Y AVG
-19.41%
CURRENT VS 15Y AVG
+13.16%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
13.29x
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+57.70%
vs the sector median at left
Targa Resources Corp.
Market Cap
$61.36B
EV/EBIT Ratio
20.95x
TTM Avg
19.52x
3Y Avg
18.53x
5Y Avg
17.87x
Market Cap
$63.29B
EV/EBIT Ratio
20.16x
TTM Avg
23.20x
3Y Avg
20.83x
5Y Avg
19.75x
Market Cap
$57.60B
EV/EBIT Ratio
16.23x
TTM Avg
16.44x
3Y Avg
15.26x
5Y Avg
20.06x
Market Cap
$57.12B
EV/EBIT Ratio
11.66x
TTM Avg
16.85x
3Y Avg
13.20x
5Y Avg
18.06x
Market Cap
$53.22B
EV/EBIT Ratio
13.62x
TTM Avg
9.25x
3Y Avg
7.64x
5Y Avg
10.78x
Market Cap
$70.44B
EV/EBIT Ratio
19.67x
TTM Avg
20.73x
3Y Avg
19.78x
5Y Avg
18.16x
Market Cap
$52.12B
EV/EBIT Ratio
13.58x
TTM Avg
14.37x
3Y Avg
11.06x
5Y Avg
9.49x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $61.36B | 20.95x | 19.52x | 18.53x | 17.87x |
| TC Energy Corporation (TRP)vs › | $63.29B | 20.16x | 23.20x | 20.83x | 19.75x |
| MPLX Lp (MPLX)vs › | $59.26B | 15.21x | 14.31x | 13.29x | 12.81x |
| Baker Hughes Company (BKR)vs › | $57.60B | 16.23x | 16.44x | 15.26x | 20.06x |
| ONEOK, Inc. (OKE)vs › | $57.42B | 12.41x | 13.15x | 15.37x | 14.78x |
| Occidental Petroleum Corporation (OXY)vs › | $57.12B | 11.66x | 16.85x | 13.20x | 18.06x |
| Devon Energy Corporation (DVN)vs › | $53.22B | 13.62x | 9.25x | 7.64x | 10.78x |
| Kinder Morgan, Inc. (KMI)vs › | $70.44B | 19.67x | 20.73x | 19.78x | 18.16x |
| Diamondback Energy, Inc. (FANG)vs › | $52.12B | 13.58x | 14.37x | 11.06x | 9.49x |
| Energy Transfer LP (ET)vs › | $70.63B | 12.62x | 13.61x | 13.00x | 12.13x |
EV/EBIT = Enterprise Value / EBIT (TTM)
Enterprise value to EBIT compares total company value to operating earnings, accounting for depreciation unlike EV/EBITDA.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBIT RATIO |
|---|---|
| 2026-09-11 | 21.22x |
| 2026-09-10 | 21.31x |
| 2026-09-09 | 21.28x |
| 2026-09-08 | 21.44x |
| 2026-09-04 | 21.21x |
| 2026-09-03 | 21.40x |
| 2026-09-02 | 21.40x |
| 2026-09-01 | 21.54x |
| 2026-08-31 | 21.41x |
| 2026-08-28 | 21.09x |
| 2026-08-27 | 21.15x |
| 2026-08-26 | 21.43x |
| 2026-08-25 | 21.03x |
| 2026-08-24 | 21.44x |
| 2026-08-21 | 21.71x |
| 2026-08-20 | 21.88x |
| 2026-08-19 | 21.60x |
| 2026-08-18 | 21.64x |
| 2026-08-17 | 20.54x |
| 2026-08-14 | 20.42x |
| 2026-08-13 | 19.93x |
| 2026-08-12 | 20.03x |
| 2026-08-11 | 19.85x |
| 2026-08-10 | 19.89x |
| 2026-08-07 | 19.37x |
| 2026-08-06 | 22.18x |
| 2026-08-05 | 21.68x |
| 2026-08-04 | 21.86x |
| 2026-08-03 | 21.96x |
| 2026-07-31 | 22.32x |
| 2026-07-30 | 22.19x |
| 2026-07-29 | 21.96x |
| 2026-07-28 | 21.77x |
| 2026-07-27 | 22.15x |
| 2026-07-24 | 23.00x |
| 2026-07-23 | 23.26x |
| 2026-07-22 | 23.19x |
| 2026-07-21 | 22.93x |
| 2026-07-20 | 23.06x |
| 2026-07-17 | 23.10x |
| 2026-07-16 | 22.93x |
| 2026-07-15 | 22.80x |
| 2026-07-14 | 23.01x |
| 2026-07-13 | 22.88x |
| 2026-07-10 | 22.50x |
| 2026-07-09 | 22.48x |
| 2026-07-08 | 22.78x |
| 2026-07-07 | 22.53x |
| 2026-07-06 | 21.89x |
| 2026-07-02 | 21.60x |
| 2026-07-01 | 21.54x |
| 2026-06-30 | 22.18x |
| 2026-06-29 | 22.38x |
| 2026-06-26 | 22.46x |
| 2026-06-25 | 22.51x |
| 2026-06-24 | 22.06x |
| 2026-06-23 | 22.21x |
| 2026-06-22 | 21.95x |
| 2026-06-18 | 21.58x |
| 2026-06-17 | 21.72x |
| 2026-06-16 | 21.65x |
| 2026-06-15 | 21.82x |
| 2026-06-12 | 22.46x |
| 2026-06-11 | 22.25x |
| 2026-06-10 | 22.45x |
| 2026-06-09 | 21.93x |
| 2026-06-08 | 21.93x |
| 2026-06-05 | 21.93x |
| 2026-06-04 | 22.13x |
| 2026-06-03 | 21.84x |
| 2026-06-02 | 21.88x |
| 2026-06-01 | 21.61x |
| 2026-05-29 | 21.37x |
| 2026-05-28 | 21.80x |
| 2026-05-27 | 21.90x |
| 2026-05-26 | 22.29x |
| 2026-05-22 | 22.71x |
| 2026-05-21 | 22.31x |
| 2026-05-20 | 22.34x |
| 2026-05-19 | 22.68x |
| 2026-05-18 | 22.59x |
| 2026-05-15 | 22.42x |
| 2026-05-14 | 22.14x |
| 2026-05-13 | 21.88x |
| 2026-05-12 | 21.37x |
| 2026-05-11 | 21.25x |
| 2026-05-08 | 20.93x |
| 2026-05-07 | 20.79x |
| 2026-05-06 | 20.61x |
| 2026-05-05 | 21.24x |
| 2026-05-04 | 21.20x |
| 2026-05-01 | 20.90x |
| 2026-04-30 | 21.27x |
| 2026-04-29 | 20.65x |
| 2026-04-28 | 20.53x |
| 2026-04-27 | 20.09x |
| 2026-04-24 | 20.06x |
| 2026-04-23 | 20.01x |
| 2026-04-22 | 19.81x |
| 2026-04-21 | 19.55x |
| 2026-04-20 | 19.48x |
| 2026-04-17 | 19.73x |
| 2026-04-16 | 20.00x |
| 2026-04-15 | 19.93x |
| 2026-04-14 | 19.97x |
| 2026-04-13 | 20.04x |
| 2026-04-10 | 20.21x |
| 2026-04-09 | 20.31x |
| 2026-04-08 | 20.26x |
| 2026-04-07 | 20.70x |
| 2026-04-06 | 20.37x |
| 2026-04-02 | 20.29x |
| 2026-04-01 | 20.31x |
| 2026-03-31 | 20.68x |
| 2026-03-30 | 20.52x |
| 2026-03-27 | 20.65x |
| 2026-03-26 | 20.67x |
| 2026-03-25 | 20.35x |
| 2026-03-24 | 20.39x |
| 2026-03-23 | 20.01x |
| 2026-03-20 | 19.85x |
| 2026-03-19 | 19.98x |
| 2026-03-18 | 19.64x |
| 2026-03-17 | 20.07x |
| 2026-03-16 | 19.96x |
| 2026-03-13 | 20.02x |
| 2026-03-12 | 19.90x |
| 2026-03-11 | 19.80x |
| 2026-03-10 | 19.54x |
| 2026-03-09 | 19.68x |
| 2026-03-06 | 19.84x |
| 2026-03-05 | 19.95x |
| 2026-03-04 | 20.20x |
| 2026-03-03 | 20.26x |
| 2026-03-02 | 19.99x |
| 2026-02-27 | 19.75x |
| 2026-02-26 | 19.47x |
| 2026-02-25 | 19.40x |
| 2026-02-24 | 19.50x |
| 2026-02-23 | 19.51x |
| 2026-02-20 | 19.47x |
| 2026-02-19 | 20.35x |
| 2026-02-18 | 20.58x |
| 2026-02-17 | 20.36x |
| 2026-02-13 | 20.33x |
| 2026-02-12 | 19.95x |
| 2026-02-11 | 20.20x |
| 2026-02-10 | 19.87x |
| 2026-02-09 | 19.92x |
| 2026-02-06 | 19.50x |
| 2026-02-05 | 19.10x |
| 2026-02-04 | 19.03x |
| 2026-02-03 | 18.98x |
| 2026-02-02 | 18.64x |
| 2026-01-30 | 18.80x |
| 2026-01-29 | 18.84x |
| 2026-01-28 | 18.81x |
| 2026-01-27 | 18.40x |
| 2026-01-26 | 18.23x |
| 2026-01-23 | 18.17x |
| 2026-01-22 | 18.16x |
| 2026-01-21 | 18.07x |
| 2026-01-20 | 17.74x |
| 2026-01-16 | 17.75x |
| 2026-01-15 | 17.53x |
| 2026-01-14 | 17.58x |
| 2026-01-13 | 17.41x |
| 2026-01-12 | 17.06x |
| 2026-01-09 | 17.19x |
| 2026-01-08 | 17.18x |
| 2026-01-07 | 17.03x |
| 2026-01-06 | 17.26x |
| 2026-01-05 | 17.63x |
| 2026-01-02 | 17.85x |
| 2025-12-31 | 17.70x |
| 2025-12-30 | 17.77x |
| 2025-12-29 | 17.66x |
| 2025-12-26 | 17.59x |
| 2025-12-24 | 17.65x |
| 2025-12-23 | 17.72x |
| 2025-12-22 | 17.57x |
| 2025-12-19 | 17.32x |
| 2025-12-18 | 17.30x |
| 2025-12-17 | 17.55x |
| 2025-12-16 | 17.16x |
| 2025-12-15 | 17.55x |
| 2025-12-12 | 17.61x |
| 2025-12-11 | 17.78x |
| 2025-12-10 | 17.63x |
| 2025-12-09 | 17.64x |
| 2025-12-08 | 17.34x |
| 2025-12-05 | 17.45x |
| 2025-12-04 | 17.40x |
| 2025-12-03 | 17.11x |
| 2025-12-02 | 16.85x |
| 2025-12-01 | 17.17x |
| 2025-11-28 | 17.08x |
| 2025-11-26 | 16.94x |
| 2025-11-25 | 16.80x |
| 2025-11-24 | 16.72x |
| 2025-11-21 | 16.76x |
| 2025-11-20 | 16.74x |
| 2025-11-19 | 16.74x |
| 2025-11-18 | 16.70x |
| 2025-11-17 | 16.61x |
| 2025-11-14 | 16.93x |
| 2025-11-13 | 16.71x |
| 2025-11-12 | 16.77x |
| 2025-11-11 | 16.94x |
| 2025-11-10 | 16.69x |
| 2025-11-07 | 16.86x |
| 2025-11-06 | 16.72x |
| 2025-11-05 | 16.75x |
| 2025-11-04 | 16.19x |
| 2025-11-03 | 16.29x |
| 2025-10-31 | 16.15x |
| 2025-10-30 | 15.97x |
| 2025-10-29 | 15.96x |
| 2025-10-28 | 16.04x |
| 2025-10-27 | 16.14x |
| 2025-10-24 | 16.13x |
| 2025-10-23 | 16.34x |
| 2025-10-22 | 16.18x |
| 2025-10-21 | 15.97x |
| 2025-10-20 | 15.93x |
| 2025-10-17 | 15.77x |
| 2025-10-16 | 15.61x |
| 2025-10-15 | 15.94x |
| 2025-10-14 | 15.89x |
| 2025-10-13 | 15.99x |
| 2025-10-10 | 16.04x |
| 2025-10-09 | 16.66x |
| 2025-10-08 | 17.16x |
| 2025-10-07 | 17.02x |
| 2025-10-06 | 16.75x |
| 2025-10-03 | 16.73x |
| 2025-10-02 | 16.75x |
| 2025-10-01 | 17.13x |
| 2025-09-30 | 17.09x |
| 2025-09-29 | 17.20x |
| 2025-09-26 | 17.56x |
| 2025-09-25 | 17.39x |
| 2025-09-24 | 17.42x |
| 2025-09-23 | 17.27x |
| 2025-09-22 | 16.93x |
| 2025-09-19 | 16.88x |
| 2025-09-18 | 17.27x |
| 2025-09-17 | 17.02x |
| 2025-09-16 | 16.77x |
| 2025-09-15 | 16.80x |
| 2025-09-12 | 17.01x |
| 2025-09-11 | 16.93x |
| 2025-09-10 | 16.80x |
| 2025-09-09 | 16.65x |
| 2025-09-08 | 16.60x |
| 2025-09-05 | 16.73x |
| 2025-09-04 | 17.02x |
| 2025-09-03 | 16.81x |
| 2025-09-02 | 17.04x |
| 2025-08-29 | 17.11x |
Showing the most recent 260 of 3,893 data points. The chart above shows the full history.
