TRGP Historical PE Ratio image   This TRGP PE ratio history page last updated 6/20/2022
TRGP Historical PE Ratio Chart
PeriodPriceGAAPAnnualizedPE
Q1 2022
5/5/2022
74.700.060.24311.2
Q4 2021
2/24/2022
62.100.512.0430.4
Q3 2021
11/4/2021
55.980.662.6421.2
Q2 2021
8/5/2021
42.400.150.6070.7
Q1 2021
5/6/2021
37.160.532.1217.5
Q4 2020
2/18/2021
29.550.150.6049.2
Q3 2020
11/5/2020
17.740.461.849.6
Q2 2020
8/6/2020
19.360.210.8423.0
Q1 2020
5/7/2020
13.420.000.00NA
Q4 2019
2/20/2020
39.45-0.11-0.44NA
Q3 2019
11/7/2019
39.82-0.41-1.64NA
Q2 2019
8/8/2019
35.96-0.18-0.72NA
Q1 2019
5/7/2019
40.80-0.30-1.20NA
Q4 2018
2/20/2019
44.890.321.2835.1
Q3 2018
11/8/2018
52.24-0.24-0.96NA
Q2 2018
8/9/2018
52.520.361.4436.5
Q1 2018
5/3/2018
46.30-0.03-0.12NA
Q4 2017
2/15/2018
49.85-0.07-0.28NA
Q3 2017
11/2/2017
42.820.251.0042.8
Q2 2017
8/3/2017
46.010.130.5288.5
Q1 2017
5/4/2017
48.91-0.73-2.92NA
Q4 2016
2/15/2017
59.290.381.5239.0
Q3 2016
11/2/2016
45.60-0.04-0.16NA
Q2 2016
8/3/2016
38.51-0.33-1.32NA
Q1 2016
4/29/2016
40.460.110.4492.0
Q4 2015
2/25/2016
24.300.481.9212.7
Q3 2015
11/3/2015
50.880.230.9255.3
Q2 2015
8/4/2015
83.540.271.0877.4
Q1 2015
5/5/2015
104.250.070.28372.3
Q4 2014
2/13/2015
93.930.612.4438.5
Q3 2014
11/4/2014
120.510.732.9241.3
Q2 2014
8/1/2014
129.460.632.5251.4
Q1 2014
5/1/2014
106.770.471.8856.8
Q4 2013
2/13/2014
96.310.481.9250.2
Q3 2013
11/4/2013
78.260.391.5650.2
Q2 2013
8/1/2013
69.550.361.4448.3
Q1 2013
5/3/2013
67.270.321.2852.6
Q4 2012
2/14/2013
62.070.140.56110.8
TRGP PE History Chart
PeriodPriceGAAPTTMPE
Q1 2022
5/5/2022
74.700.061.3854.1
Q4 2021
2/24/2022
62.100.511.8533.6
Q3 2021
11/4/2021
55.980.661.4937.6
Q2 2021
8/5/2021
42.400.151.2932.9
Q1 2021
5/6/2021
37.160.531.3527.5
Q4 2020
2/18/2021
29.550.150.8236.0
Q3 2020
11/5/2020
17.740.460.5631.7
Q2 2020
8/6/2020
19.360.21-0.31NA
Q1 2020
5/7/2020
13.420.00-0.70NA
Q4 2019
2/20/2020
39.45-0.11-1.00NA
Q3 2019
11/7/2019
39.82-0.41-0.57NA
Q2 2019
8/8/2019
35.96-0.18-0.40NA
Q1 2019
5/7/2019
40.80-0.300.14291.4
Q4 2018
2/20/2019
44.890.320.41109.5
Q3 2018
11/8/2018
52.24-0.240.02>500
Q2 2018
8/9/2018
52.520.360.51103.0
Q1 2018
5/3/2018
46.30-0.030.28165.4
Q4 2017
2/15/2018
49.85-0.07-0.42NA
Q3 2017
11/2/2017
42.820.250.03>500
Q2 2017
8/3/2017
46.010.13-0.26NA
Q1 2017
5/4/2017
48.91-0.73-0.72NA
Q4 2016
2/15/2017
59.290.380.12494.1
Q3 2016
11/2/2016
45.60-0.040.22207.3
Q2 2016
8/3/2016
38.51-0.330.4978.6
Q1 2016
4/29/2016
40.460.111.0937.1
Q4 2015
2/25/2016
24.300.481.0523.1
Q3 2015
11/3/2015
50.880.231.1843.1
Q2 2015
8/4/2015
83.540.271.6849.7
Q1 2015
5/5/2015
104.250.072.0451.1
Q4 2014
2/13/2015
93.930.612.4438.5
Q3 2014
11/4/2014
120.510.732.3152.2
Q2 2014
8/1/2014
129.460.631.9765.7
Q1 2014
5/1/2014
106.770.471.7062.8
Q4 2013
2/13/2014
96.310.481.5562.1
Q3 2013
11/4/2013
78.260.391.2164.7
Q2 2013
8/1/2013
69.550.36NANA
Q1 2013
5/3/2013
67.270.32NANA
Q4 2012
2/14/2013
62.070.14NANA
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Targa Resources (TRGP) is categorized under the Energy sector; to help you further research PE history across stocks, below are some other companies in the same sector:

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How should the TRGP historical PE ratio be determined?
Realizing that PE stands for Price to Earnings ratio, we need two values to compute it: stock price and earnings per share. The stock price at any given date is a known historical value, but what about the earnings number to use?

✔️Accepted answer: There are a number of different approaches when it comes to calculating a historical PE ratio for a company like Targa Resources. We like to take our measurements on each of the past quarterly earnings reports. That only leaves the question of whether the earnings number at that quarterly report should be used on an annualized basis, or some other method. We approach this question using three different methods, on this TRGP Historical PE Ratio page.

What is the average historical PE for TRGP based on annualized quarterly earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use that quarter's earnings result annualized?

✔️Accepted answer: The TRGP historical PE ratio using the annualized quarterly earnings method works out to 69.8.

What is the average historical PE for TRGP based on trailing twelve month earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the trailing twelve months combined earnings result in the calculation?

✔️Accepted answer: The TRGP historical PE ratio using the TTM earnings method works out to 90.1.

What is the average historical PE for TRGP based on median TTM earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the median earnings over the trailing twelve months and annualize that median result in the calculation?

✔️Accepted answer: The TRGP historical PE ratio using the annualized median TTM earnings method works out to 1.32.

On this page we presented the TRGP Historical PE Ratio information for Targa Resources' stock. The average TRGP historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 69.8. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average TRGP historical PE based on this TTM earnings result method is 90.1. Note: any PE calculations resulting in a value exceeding 500 were discarded as not meaningful. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this TRGP historical PE result, against the recent PE: when this page was posted on 6/17/2022, the most recent closing price for TRGP had been 60.65, and the most recent quarterly earnings result, annualized, was 0.24. Meanwhile, the most recent TTM earnings summed to 1.38. From these numbers, we calculate the recent TRGP PE on 6/17/2022 based on annualized quarterly EPS was 252.7. Based on TRGP's history, that recent PE is elevated relative to the historical average, with the recent PE 262.0% higher than the historical average PE across our data set for Targa Resources. Looking at the recent TRGP PE on 6/17/2022 based on TTM EPS, we calculate the ratio at 43.9. Based on TRGP's history, that recent PE is low relative to the historical average, with the recent PE 51.3% lower than the average PE across our Targa Resources data set with TTM EPS used in the calculation at each period.

Another interesting TRGP historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for TRGP, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for TRGP, we start with the past four EPS numbers and we first sort them from lowest to highest: 0.06, 0.15, 0.51, and 0.66. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.15 and 0.51 — which gives us the median of 0.33. Basically the way to think about this 0.33 number is this: for the trailing four earnings reports, 0.33 marks the "middle ground" number where TRGP has reported a value higher than 0.33 half the time, and has reported a value lower than 0.33 half the time. Annualizing that median value then gets us to 1.32/share, which we use as the denominator in our next PE calculation. With 60.65 as the numerator (as of 6/17/2022), the calculation is then 60.65 / 1.32 = 45.9 as the TRGP PE ratio as of 6/17/2022, based on that annualized median value we calculated.

For self directed investors doing their due diligence on TRGP or any other given stock, valuation analysis for TRGP can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Targa Resources PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for TRGP. Thanks for visiting, and the next time you need to research TRGP Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.

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