TRGP

NYSE

Targa Resources Corp.

Energy, Oil & Gas Storage & Transportation

$256.87

close 7 Aug 2026

+54.64%

52-week change

$55.08B

market cap

$144.14

$291.04

52-week range

Expected price

$282.07 – $344.76

Current price

$256.87

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)24.56x

P/S (TTM)3.29x

P/B15.06x

EV/EBITDA (TTM)13.48x

FCF yield (TTM)1.35%

PEG (TTM, GAAP)0.82

Context

P/E, own 5-year average422.11x

P/E, sector median15.54x*

Price at 5-year median P/E$309.30*

Indicated dividend yield1.95%

Forward — analyst consensus

Forward P/E (FY2026)21.63x*

Forward P/E (FY2027)21.45x

Forward PEG24.84*

Consensus EPS FY2026 (2 analysts)$11.87

EPS growth (FY2026→FY2027)0.87%

Revenue growth (FY2026)16.39%

Street view

Price target (mean)$297.38*

Target upside15.77%

Ratings (buy / hold / sell)20 / 3 / 0

FY2026 EPS revisions, 30d (up / down)0 / 2

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR -5.93%10Y CAGR +10.38%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$256.87

Cash & equivalents$132.30M

Total debt$19.02B

Shares outstanding214.42M

Result

DCF price per share-$54.43

Current price$256.87

Margin of safety-121.19%

PV of years 1–10$3.75B

PV of terminal value$3.47B

Equity value-$11.67B

Market-implied growth+24.35%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$696.96M	$655.63M	$616.76M	$580.18M	$545.78M	$513.41M	$482.97M	$454.33M	$427.39M	$402.04M	$7.49B
PV	$645.34M	$562.10M	$489.60M	$426.45M	$371.45M	$323.54M	$281.81M	$245.46M	$213.80M	$186.22M	$3.47B

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026