Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 26.59.
Forward PE Ratio (26.59) = Close Price ($299.10) / Consensus Forward EPS ($11.25)
FORWARD PE RATIO
26.59
SECTOR MEDIAN · ENERGY
13.10
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+103.05%
vs the sector median at left
Targa Resources Corp.
Market Cap
$64.20B
Forward PE Ratio
26.59
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Targa Resources Corp. (TRGP) | $64.20B | 26.59 |
| Baker Hughes Company (BKR)vs › | $61.88B | 23.77 |
| Occidental Petroleum Corporation (OXY)vs › | $60.97B | 10.16 |
| Kinder Morgan, Inc. (KMI)vs › | $68.99B | 20.37 |
| Diamondback Energy, Inc. (FANG)vs › | $59.28B | N/A |
| MPLX Lp (MPLX)vs › | $59.27B | 13.57 |
| ONEOK, Inc. (OKE)vs › | $58.81B | 16.20 |
| Energy Transfer LP (ET)vs › | $72.92B | 12.64 |
| Devon Energy Corporation (DVN)vs › | $54.01B | 9.56 |
| Slb N.V. (SLB)vs › | $79.95B | 21.71 |
Trailing P/E
28.5
reported TTM EPS
Forward P/E
26.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $11.25 implies +7.1% EPS growth vs the reported trailing $10.50.
At today's $299.10 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| Fiscal year end |
|---|
| Consensus EPS |
|---|
| Estimate range |
|---|
| Analysts |
|---|
| Implied P/E |
|---|
| 2026-12-31 | $11.25 | $10.43 – $11.96 | 10 | 26.6x |
| 2027-12-31 | $12.32 | $11.12 – $14.08 | 10 | 24.3x |
| 2028-12-31 | $14.90 | $12.89 – $18.29 | 13 | 20.1x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
