Targa ResourcesMEX:TRGP 74 PS Ratio is 2.69 as of Jul. 06, 2026, which is 159% above its 10-year median of 1.04. GuruFocus rates MEX:TRGP with a GF Score™ of 74/100 and a GF Value™ of MXN2,470.34. The stock has 7 warning signs investors should review. Among 881 Oil & Gas companies, Targa Resources ranks worse than 77.64% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Targa Resources's share price is MXN3775.00.
Targa Resources's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was MXN1,402.86. Hence, Targa Resources's PS Ratio for today is 2.69.
Warning Sign:
Targa Resources Corp stock PS Ratio (=3.38) is close to 10-year high of 3.61.
The historical rank and industry rank for Targa Resources's PS Ratio or its related term are showing as below:
MEX:TRGP'
s PS Ratio Range Over the Past 10 Years
Min: 0.17 Med: 1.04 Max: 3.61
Current: 3.38
During the past 13 years, Targa Resources's highest PS Ratio was 3.61. The lowest was 0.17. And the median was 1.04.
MEX:TRGP's PS Ratio is ranked worse than 77.64% of 881
companies
in the Oil & Gas industry
Industry Median: 1.29
vs MEX:TRGP: 3.38
Targa Resources Corp revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Targa Resources was 2.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -4.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 11.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 3.10% per year.
During the past 13 years, Targa Resources's highest 3-Year average Revenue per Share Growth Rate was 34.40% per year. The lowest was -43.70% per year. And the median was -3.70% per year.
Back to Basics: PS Ratio
Targa Resources (MEX:TRGP) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Targa Resources PS Ratio Related Terms
Targa Resources PS Ratio Historical Data
* Premium members only.
The historical data trend for Targa Resources's PS Ratio 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 PS Ratio, along with its competitors' market caps and PS Ratio 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.
Targa Resources PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Targa Resources's PS Ratio distribution charts can be found below:
* The bar in red indicates where Targa Resources's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Targa Resources's Share Price of today is MXN3775.00. Targa Resources's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN1,402.86.
* 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.
It can also be calculated from the numbers for the whole company:
Targa Resources (MEX:TRGP) has a PS Ratio of 2.69 as of Jul. 06, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Targa Resources and its competitors. This is 159% above median its historical median of 1.04. Over the past decade, Targa Resources' PS Ratio has ranged from 0.17 to 3.61. According to the industry distribution chart, Targa Resources ranks #684 out of 881 companies in the Oil & Gas industry, placing it in the top 77.6%.
Is Targa Resources' PS Ratio too high?
Targa Resources' current PS Ratio of 2.69 is 159% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 3.61. The Oil & Gas industry median PS Ratio is 1.29. Targa Resources' value of 2.69 is 108.5% above this industry median. Based on the distribution chart, Targa Resources ranks #684 out of 881 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Targa Resources has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Targa Resources' PS Ratio compare to MPLX and OKE?
According to the Oil & Gas industry distribution chart, Targa Resources ranks #684 out of 881 companies for PS Ratio. This places Targa Resources in the lower half of its industry. The industry median PS Ratio is 1.29. Targa Resources' value of 2.69 is 108.5% above this benchmark. Historically, Targa Resources' own PS Ratio has ranged from 0.17 to 3.61 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 1.29, Targa Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.29, based on 881 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Targa Resources's current PS Ratio of 2.69 is 108.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Targa Resources and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Targa Resources's current PS Ratio is 2.69, which is 159% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Targa Resources stock overvalued right now?
Targa Resources (MEX:TRGP) has a current PS Ratio of 2.69. The stock's GF Value™ is MXN2,470.34, compared to a current price of MXN3,775.00 — trading 52.8% above its estimated fair value. The current PS Ratio is 2.69, which is 159% above median its 10-year median of 1.04 and 108.5% above the Oil & Gas industry median of 1.29. Targa Resources' overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Targa Resources (MEX:TRGP), the current PS Ratio is 2.69 as of Jul. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Targa Resources (MEX:TRGP) Overvalued in 2026?
Based on GuruFocus' analysis, Targa Resources stock appears to be overvalued.
The current stock price of MXN3,775.00 is trading 52.8% above its estimated GF Value™ of MXN2,470.34.
Key valuation signals for MEX:TRGP:
PS Ratio: 2.69 (159% above median its 10-year median of 1.04)
GF Value™: MXN2,470.34 vs. price of MXN3,775.00 (52.8% above fair value)
Industry Position: 108.5% above the Oil & Gas median (#684 of 881)
No single metric tells the full story. See the MEX:TRGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Targa Resources Corp is a midstream firm that mainly operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset. It has two operating segments: Gathering and Processing, and, Logistics and Transportation (also referred to as the Downstream Business).
74GF Score
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