Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 4.89x is 101% above its estimated 5-year average of 2.44x, near the high end of its estimated 5-year range (0.97x–5.06x).
As of 2026-09-21T23:06:00.486Z. 25.13% above its estimated 12-month average of 3.91x.
Calculation as of: 2026-09-21T23:06:00.486Z.
Quote observation: 2026-09-21T20:00:03.000Z. 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/SALES RATIO
4.89x
EV/SALES RATIO AVG TTM
3.91x
EV/SALES RATIO AVG 3Y
3.14x
EV/SALES RATIO AVG 5Y
2.44x
EV/SALES RATIO AVG 10Y
1.94x
EV/SALES RATIO AVG 15Y
1.51x
EV/SALES RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+25.13%
CURRENT VS 3Y AVG
+55.52%
CURRENT VS 5Y AVG
+100.67%
CURRENT VS 10Y AVG
+151.92%
CURRENT VS 15Y AVG
+223.16%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
2.58x
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+89.17%
vs the sector median at left
Targa Resources Corp.
Market Cap
$62.11B
EV/Sales Ratio
4.89x
TTM Avg
3.91x
3Y Avg
3.14x
5Y Avg
2.44x
Market Cap
$62.96B
EV/Sales Ratio
9.26x
TTM Avg
10.38x
3Y Avg
9.02x
5Y Avg
8.50x
Market Cap
$57.41B
EV/Sales Ratio
2.09x
TTM Avg
2.11x
3Y Avg
1.73x
5Y Avg
1.63x
Market Cap
$56.94B
EV/Sales Ratio
2.68x
TTM Avg
2.74x
3Y Avg
2.65x
5Y Avg
2.67x
Market Cap
$53.24B
EV/Sales Ratio
3.82x
TTM Avg
4.25x
3Y Avg
4.39x
5Y Avg
4.20x
Market Cap
$52.35B
EV/Sales Ratio
3.21x
TTM Avg
2.02x
3Y Avg
2.04x
5Y Avg
2.42x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $62.11B | 4.89x | 3.91x | 3.14x | 2.44x |
| TC Energy Corporation (TRP)vs › | $62.96B | 9.26x | 10.38x | 9.02x | 8.50x |
| MPLX Lp (MPLX)vs › | $59.96B | 6.58x | 6.57x | 6.26x | 5.88x |
| ONEOK, Inc. (OKE)vs › | $57.85B | 2.30x | 2.56x | 3.25x | 2.85x |
| Baker Hughes Company (BKR)vs › | $57.41B | 2.09x | 2.11x | 1.73x | 1.63x |
| Occidental Petroleum Corporation (OXY)vs › | $56.94B | 2.68x | 2.74x | 2.65x | 2.67x |
| Kinder Morgan, Inc. (KMI)vs › | $70.63B | 5.72x | 5.89x | 5.51x | 4.93x |
| Diamondback Energy, Inc. (FANG)vs › | $53.24B | 3.82x | 4.25x | 4.39x | 4.20x |
| Devon Energy Corporation (DVN)vs › | $52.35B | 3.21x | 2.02x | 2.04x | 2.42x |
| Energy Transfer LP (ET)vs › | $71.92B | 1.35x | 1.55x | 1.42x | 1.30x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-11 | 4.91x |
| 2026-09-10 | 4.93x |
| 2026-09-09 | 4.92x |
| 2026-09-08 | 4.96x |
| 2026-09-04 | 4.90x |
| 2026-09-03 | 4.95x |
| 2026-09-02 | 4.95x |
| 2026-09-01 | 4.98x |
| 2026-08-31 | 4.95x |
| 2026-08-28 | 4.88x |
| 2026-08-27 | 4.89x |
| 2026-08-26 | 4.96x |
| 2026-08-25 | 4.86x |
| 2026-08-24 | 4.96x |
| 2026-08-21 | 5.02x |
| 2026-08-20 | 5.06x |
| 2026-08-19 | 5.00x |
| 2026-08-18 | 5.00x |
| 2026-08-17 | 4.75x |
| 2026-08-14 | 4.72x |
| 2026-08-13 | 4.61x |
| 2026-08-12 | 4.63x |
| 2026-08-11 | 4.59x |
| 2026-08-10 | 4.60x |
| 2026-08-07 | 4.48x |
| 2026-08-06 | 4.68x |
| 2026-08-05 | 4.58x |
| 2026-08-04 | 4.61x |
| 2026-08-03 | 4.64x |
| 2026-07-31 | 4.71x |
| 2026-07-30 | 4.68x |
| 2026-07-29 | 4.64x |
| 2026-07-28 | 4.60x |
| 2026-07-27 | 4.68x |
| 2026-07-24 | 4.86x |
| 2026-07-23 | 4.91x |
| 2026-07-22 | 4.90x |
| 2026-07-21 | 4.84x |
| 2026-07-20 | 4.87x |
| 2026-07-17 | 4.88x |
| 2026-07-16 | 4.84x |
| 2026-07-15 | 4.81x |
| 2026-07-14 | 4.86x |
| 2026-07-13 | 4.83x |
| 2026-07-10 | 4.75x |
| 2026-07-09 | 4.75x |
| 2026-07-08 | 4.81x |
| 2026-07-07 | 4.76x |
| 2026-07-06 | 4.62x |
| 2026-07-02 | 4.56x |
| 2026-07-01 | 4.55x |
| 2026-06-30 | 4.68x |
| 2026-06-29 | 4.72x |
| 2026-06-26 | 4.74x |
| 2026-06-25 | 4.75x |
| 2026-06-24 | 4.66x |
| 2026-06-23 | 4.69x |
| 2026-06-22 | 4.63x |
| 2026-06-18 | 4.56x |
| 2026-06-17 | 4.58x |
| 2026-06-16 | 4.57x |
| 2026-06-15 | 4.61x |
| 2026-06-12 | 4.74x |
| 2026-06-11 | 4.70x |
| 2026-06-10 | 4.74x |
| 2026-06-09 | 4.63x |
| 2026-06-08 | 4.63x |
| 2026-06-05 | 4.63x |
| 2026-06-04 | 4.67x |
| 2026-06-03 | 4.61x |
| 2026-06-02 | 4.62x |
| 2026-06-01 | 4.56x |
| 2026-05-29 | 4.51x |
| 2026-05-28 | 4.60x |
| 2026-05-27 | 4.62x |
| 2026-05-26 | 4.70x |
| 2026-05-22 | 4.79x |
| 2026-05-21 | 4.71x |
| 2026-05-20 | 4.72x |
| 2026-05-19 | 4.79x |
| 2026-05-18 | 4.77x |
| 2026-05-15 | 4.73x |
| 2026-05-14 | 4.67x |
| 2026-05-13 | 4.62x |
| 2026-05-12 | 4.51x |
| 2026-05-11 | 4.49x |
| 2026-05-08 | 4.42x |
| 2026-05-07 | 4.18x |
| 2026-05-06 | 4.14x |
| 2026-05-05 | 4.27x |
| 2026-05-04 | 4.26x |
| 2026-05-01 | 4.20x |
| 2026-04-30 | 4.28x |
| 2026-04-29 | 4.15x |
| 2026-04-28 | 4.13x |
| 2026-04-27 | 4.04x |
| 2026-04-24 | 4.03x |
| 2026-04-23 | 4.02x |
| 2026-04-22 | 3.98x |
| 2026-04-21 | 3.93x |
| 2026-04-20 | 3.92x |
| 2026-04-17 | 3.97x |
| 2026-04-16 | 4.02x |
| 2026-04-15 | 4.01x |
| 2026-04-14 | 4.02x |
| 2026-04-13 | 4.03x |
| 2026-04-10 | 4.06x |
| 2026-04-09 | 4.09x |
| 2026-04-08 | 4.08x |
| 2026-04-07 | 4.16x |
| 2026-04-06 | 4.10x |
| 2026-04-02 | 4.08x |
| 2026-04-01 | 4.09x |
| 2026-03-31 | 4.16x |
| 2026-03-30 | 4.13x |
| 2026-03-27 | 4.15x |
| 2026-03-26 | 4.16x |
| 2026-03-25 | 4.09x |
| 2026-03-24 | 4.10x |
| 2026-03-23 | 4.02x |
| 2026-03-20 | 3.99x |
| 2026-03-19 | 4.02x |
| 2026-03-18 | 3.95x |
| 2026-03-17 | 4.04x |
| 2026-03-16 | 4.01x |
| 2026-03-13 | 4.03x |
| 2026-03-12 | 4.00x |
| 2026-03-11 | 3.98x |
| 2026-03-10 | 3.93x |
| 2026-03-09 | 3.96x |
| 2026-03-06 | 3.99x |
| 2026-03-05 | 4.01x |
| 2026-03-04 | 4.06x |
| 2026-03-03 | 4.08x |
| 2026-03-02 | 4.02x |
| 2026-02-27 | 3.97x |
| 2026-02-26 | 3.92x |
| 2026-02-25 | 3.90x |
| 2026-02-24 | 3.92x |
| 2026-02-23 | 3.92x |
| 2026-02-20 | 3.92x |
| 2026-02-19 | 3.76x |
| 2026-02-18 | 3.80x |
| 2026-02-17 | 3.76x |
| 2026-02-13 | 3.76x |
| 2026-02-12 | 3.69x |
| 2026-02-11 | 3.73x |
| 2026-02-10 | 3.67x |
| 2026-02-09 | 3.68x |
| 2026-02-06 | 3.60x |
| 2026-02-05 | 3.53x |
| 2026-02-04 | 3.52x |
| 2026-02-03 | 3.51x |
| 2026-02-02 | 3.44x |
| 2026-01-30 | 3.47x |
| 2026-01-29 | 3.48x |
| 2026-01-28 | 3.47x |
| 2026-01-27 | 3.40x |
| 2026-01-26 | 3.37x |
| 2026-01-23 | 3.36x |
| 2026-01-22 | 3.35x |
| 2026-01-21 | 3.34x |
| 2026-01-20 | 3.28x |
| 2026-01-16 | 3.28x |
| 2026-01-15 | 3.24x |
| 2026-01-14 | 3.25x |
| 2026-01-13 | 3.22x |
| 2026-01-12 | 3.15x |
| 2026-01-09 | 3.17x |
| 2026-01-08 | 3.17x |
| 2026-01-07 | 3.15x |
| 2026-01-06 | 3.19x |
| 2026-01-05 | 3.26x |
| 2026-01-02 | 3.30x |
| 2025-12-31 | 3.27x |
| 2025-12-30 | 3.28x |
| 2025-12-29 | 3.26x |
| 2025-12-26 | 3.25x |
| 2025-12-24 | 3.26x |
| 2025-12-23 | 3.27x |
| 2025-12-22 | 3.25x |
| 2025-12-19 | 3.20x |
| 2025-12-18 | 3.20x |
| 2025-12-17 | 3.24x |
| 2025-12-16 | 3.17x |
| 2025-12-15 | 3.24x |
| 2025-12-12 | 3.25x |
| 2025-12-11 | 3.28x |
| 2025-12-10 | 3.26x |
| 2025-12-09 | 3.26x |
| 2025-12-08 | 3.20x |
| 2025-12-05 | 3.22x |
| 2025-12-04 | 3.21x |
| 2025-12-03 | 3.16x |
| 2025-12-02 | 3.11x |
| 2025-12-01 | 3.17x |
| 2025-11-28 | 3.16x |
| 2025-11-26 | 3.13x |
| 2025-11-25 | 3.10x |
| 2025-11-24 | 3.09x |
| 2025-11-21 | 3.10x |
| 2025-11-20 | 3.09x |
| 2025-11-19 | 3.09x |
| 2025-11-18 | 3.08x |
| 2025-11-17 | 3.07x |
| 2025-11-14 | 3.13x |
| 2025-11-13 | 3.09x |
| 2025-11-12 | 3.10x |
| 2025-11-11 | 3.13x |
| 2025-11-10 | 3.08x |
| 2025-11-07 | 3.12x |
| 2025-11-06 | 3.09x |
| 2025-11-05 | 3.03x |
| 2025-11-04 | 2.93x |
| 2025-11-03 | 2.95x |
| 2025-10-31 | 2.92x |
| 2025-10-30 | 2.89x |
| 2025-10-29 | 2.89x |
| 2025-10-28 | 2.91x |
| 2025-10-27 | 2.92x |
| 2025-10-24 | 2.92x |
| 2025-10-23 | 2.96x |
| 2025-10-22 | 2.93x |
| 2025-10-21 | 2.89x |
| 2025-10-20 | 2.89x |
| 2025-10-17 | 2.86x |
| 2025-10-16 | 2.83x |
| 2025-10-15 | 2.89x |
| 2025-10-14 | 2.88x |
| 2025-10-13 | 2.90x |
| 2025-10-10 | 2.90x |
| 2025-10-09 | 3.02x |
| 2025-10-08 | 3.11x |
| 2025-10-07 | 3.08x |
| 2025-10-06 | 3.03x |
| 2025-10-03 | 3.03x |
| 2025-10-02 | 3.03x |
| 2025-10-01 | 3.10x |
| 2025-09-30 | 3.10x |
| 2025-09-29 | 3.11x |
| 2025-09-26 | 3.18x |
| 2025-09-25 | 3.15x |
| 2025-09-24 | 3.15x |
| 2025-09-23 | 3.13x |
| 2025-09-22 | 3.07x |
| 2025-09-19 | 3.06x |
| 2025-09-18 | 3.13x |
| 2025-09-17 | 3.08x |
| 2025-09-16 | 3.04x |
| 2025-09-15 | 3.04x |
| 2025-09-12 | 3.08x |
| 2025-09-11 | 3.07x |
| 2025-09-10 | 3.04x |
| 2025-09-09 | 3.02x |
| 2025-09-08 | 3.01x |
| 2025-09-05 | 3.03x |
| 2025-09-04 | 3.08x |
| 2025-09-03 | 3.04x |
| 2025-09-02 | 3.08x |
| 2025-08-29 | 3.10x |
Showing the most recent 260 of 3,964 data points. The chart above shows the full history.
