Targa Resources (TRGP) fundamentals: P/E, valuation, undervalued?
Targa Resources · Energy · ref. ETF XLE · price $288.95
In short — Targa Resources trades at 28.1× earnings (P/E), 23.9× forward, with a net margin of 13.5 % and revenue growth of +4 %. Read: Fairly valued (P/E 24 in line with ~23% growth (PEG 1.0)).
Is Targa Resources stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$288.95+73.1% over range
Aug 28, 25low $146.3 · high $302.25Aug 27, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
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Buy
85% recommend buying · 13 analysts
Valuation : Fairly valued — P/E 24 in line with ~23% growth (PEG 1.0)
Valuation
28.1
P/E (price/earnings)
23.9
Forward P/E
1.21
PEG
19.8
Price/book (P/B)
$62.0B
Market cap
10.29
EPS
Profitability & growth
13.5 %
Net margin
+4 %
Revenue growth
+23 %
Earnings growth
$19.6B
Total debt
Targa Resources income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $20.9B | $897M | 4.3 % |
| 2023 | $16.1B | $836M | 5.2 % |
| 2024 | $16.4B | $1.3B | 7.8 % |
| 2025 | $17.0B | $1.9B | 10.9 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is Targa Resources's P/E and is the stock undervalued? What's a good P/E?
Targa Resources's P/E is 28.1 (forward 23.9). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Fairly valued".
Is Targa Resources profitable?
Targa Resources has a net margin of 13.5 % (EPS 10.29). The company is profitable.
Is TRGP stock expensive?
Our read: "Fairly valued" — P/E 24 in line with ~23% growth (PEG 1.0). Cross-check with growth and sector.
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