Is Targa Resources Inc (TRGP) overvalued? · P/E 32, rev $16.38B
Targa Resources Inc (TRGP) is a oil & gas midstream company listed on US.
This page asks whether Targa Resources Inc (TRGP) looks expensive on cached numbers — not a short thesis.
Latest reported TRGP revenue for 2024-12-31 was $16.38B. Net income was $1.55B. Revenue was up 2.0% from 2023-12-31 to 2024-12-31. TRGP currently screens at market cap $37.64B and trailing P/E 32.0.
TRGP currently screens at market cap $37.64B and trailing P/E 32.0. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next TRGP 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the TRGP stock page for the full model, not this heading.
Not investment advice.