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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Targa Resources's Enterprise Value is $37,713 Mil. Targa Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $2,633 Mil. Therefore, Targa Resources's EV-to-EBIT ratio for today is 14.32.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Targa Resources's Enterprise Value is $37,713 Mil. Targa Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $3,963 Mil. Therefore, Targa Resources's EV-to-EBITDA ratio for today is 9.52.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Targa Resources's Enterprise Value is $37,713 Mil. Targa Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $16,060 Mil. Therefore, Targa Resources's EV-to-Revenue ratio for today is 2.35.
The historical data trend for Targa Resources's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, Targa Resources's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Targa Resources's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Targa Resources's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Targa Resources's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
Enterprise Value (A: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 19338.21757 | + | 0 | + | 12389.7 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 620.7 | + | 1870.3 | - | 141.7 |
= | 34,077 |
Targa Resources's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as
Enterprise Value (Q: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 19338.21757 | + | 0 | + | 12389.7 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 620.7 | + | 1870.3 | - | 141.7 |
= | 34,077 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Targa Resources (NYSE:TRGP) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Targa Resources's EV-to-EBIT for today is
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 37712.536 | / | 2633.3 | |
= | 14.32 |
Targa Resources's current Enterprise Value is $37,713 Mil.
Targa Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,633 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Targa Resources's EV-to-EBITDA for today is:
EV-to-EBITDA | = | Enterprise Value (Today) | / | EBITDA(TTM) |
= | 37712.536 | / | 3962.9 | |
= | 9.52 |
Targa Resources's current Enterprise Value is $37,713 Mil.
Targa Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,963 Mil.
3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.
Targa Resources's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 37712.536 | / | 16060.3 | |
= | 2.35 |
Targa Resources's current Enterprise Value is $37,713 Mil.
Targa Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $16,060 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Targa Resources's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Muraro | officer: See Remarks | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
Julie H. Boushka | officer: Senior VP and CAO | 811 LOUISIANA, SUITE 2100, HOUSTON TX 77002 |
G Clark White | officer: EVP - Engineering & Operations | 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Regina Gregory | officer: See Remarks | 2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042 |
D. Scott Pryor | officer: See Remarks | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
Paul W Chung | officer: EVP, Gen. Counsel & Secretary | TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Charles R Crisp | director | 1301 MCKINNEY STE 700, HOUSTON TX 77010 |
Lindsey Cooksen | director | 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002 |
Rene R Joyce | director | P.O. BOX 130430, HOUSTON TX 77219-0430 |
Jennifer R. Kneale | officer: Chief Financial Officer | 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002 |
Joe Bob Perkins | director, officer: Chief Executive Officer | TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002 |
Patrick J. Mcdonie | officer: See Remarks | 110 W. 7TH STREET, SUITE 2300, TULSA OK 74119 |
Davis Waters S Iv | director | 10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242 |
Redd Ershel C Jr | director | C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901 |
Chris Tong | director | 600 E LAS COLINAS # 1100, IRVING TX 75019 |
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