Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 24.67 as of Friday, August 7, 2026.
Forward PE Ratio (24.67) = Close Price ($260.98) / Consensus Forward EPS ($10.87)
FORWARD PE RATIO
24.67
SECTOR MEDIAN · ENERGY
12.51
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
+97.20%
vs the sector median at left
Targa Resources Corp.
Market Cap
$56.02B
Forward PE Ratio
24.67
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Targa Resources Corp. (TRGP) | $56.02B | 24.67 |
| Occidental Petroleum Corporation (OXY)vs › | $56.12B | 10.10 |
| ONEOK, Inc. (OKE)vs › | $55.33B | 15.38 |
| Diamondback Energy, Inc. (FANG)vs › | $52.99B | 9.57 |
| Baker Hughes Company (BKR)vs › | $61.76B | 24.74 |
| Kinder Morgan, Inc. (KMI)vs › | $69.33B | 20.64 |
| Cameco Corporation (CCJ)vs › | $42.56B | 57.13 |
| Energy Transfer LP (ET)vs › | $69.91B | 13.23 |
| Suncor Energy Inc. (SU)vs › | $71.45B | 6.31 |
| EOG Resources, Inc. (EOG)vs › | $72.33B | 8.20 |
Trailing P/E
25.6
reported TTM EPS
Forward P/E
24.7
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $10.87 implies +3.5% EPS growth vs the reported trailing $10.50.
At today's $260.98 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 | $10.87 | $10.28 – $11.46 | 9 | 24.0x |
| 2027-12-31 | $12.45 | $11.22 – $14.80 | 10 | 21.0x |
| 2028-12-31 | $14.67 | $12.78 – $18.43 | 11 | 17.8x |
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.
