What Is TRGP Fair Value?
Targa Resources (TRGP) fair value estimate using multiple valuation models, updated daily.
As of October 14, 2026, Targa Resources (TRGP) has a composite fair value estimate of $240.91 based on four valuation models: DCF (35% weight), Graham Number (25% weight), PEG (25% weight), and DDM (15% weight). The current market price is $293.04, suggesting the stock is overvalued by 17.8%.
Data as of October 14, 2026 (today)
Composite Fair Value
Overvalued4 of 4 models$240.91
vs. current price of $293.04(-17.8%)
How Is TRGP Fair Value Calculated?
Four independent models estimate what TRGP is worth. Each uses different inputs and assumptions. The composite blends them by weight.
TRGP Intrinsic Value
Forward-looking models based on future cash flows
DCF (Discounted Cash Flow)
35% weightEstimates how much cash the company will generate over the next 10 years, then calculates what all that future cash is worth in today's dollars. Includes a 15% safety cushion. Try the standalone DCF calculator →
$238.87
-18.5%Overvalued
Inputs used
DDM (Dividend Discount Model)
15% weightIf a company pays you dividends, this model asks: how much are all those future dividend payments worth today? Only works for stocks that pay dividends. Try the intrinsic value calculator →
$539.39
+84.1%Undervalued
Inputs used
TRGP Fair Value
Current fundamentals: earnings, assets, and growth rate
Graham Number (Value Investing)
25% weightCreated by legendary investor Benjamin Graham. It looks at two things: how much the company earns (EPS) and what its assets are worth (Book Value), then calculates the maximum price a careful investor should pay. Try the fair value calculator →
$61.39
-79.1%Overvalued
Inputs used
PEG (Price/Earnings to Growth)
25% weightChecks if you're paying a fair price for the company's growth. A fast-growing company deserves a higher price than a slow one. This model finds the right price based on how fast earnings are growing.
$185.18
-36.8%Overvalued
Inputs used
What If You Change the Assumptions?
Drag the sliders to test different scenarios. Tap the ? buttons to learn what each input means.
Your DCF Fair Value
Current price $293.04 is 18.5% above this estimate
View 10-year cash flow projections
| Year | Projected FCF (Free Cash Flow) | Present Value |
|---|---|---|
| Year 1 | $1.61B | $1.50B |
| Year 2 | $1.87B | $1.62B |
| Year 3 | $2.18B | $1.74B |
| Year 4 | $2.53B | $1.88B |
| Year 5 | $2.94B | $2.03B |
| Year 6 | $3.41B | $2.19B |
| Year 7 | $3.96B | $2.36B |
| Year 8 | $4.60B | $2.54B |
| Year 9 | $5.35B | $2.74B |
| Year 10 | $6.21B | $2.96B |
| Terminal Value | $122.21B | $58.17B |
What Are TRGP's Key Financial Metrics?
Earnings & Growth
Current Price
$293.04
EPS (TTM)
$10.46
Forward P/E
24.4
Profit Margin
13.5%
Cash & Balance Sheet
Free Cash Flow
65.8M
EBITDA
5.5B
Book Value
$14.61
Total Debt
19.6B
What Do Analysts Say About TRGP?
Low
$294.00
Average
$326.76
High
$359.00
Upside
+11.5%
TRGP Fair Value FAQ
What is the fair value of TRGP?
Based on our composite model (DCF 35%, Graham 25%, PEG 25%, DDM 15%), TRGP's estimated fair value is $240.91. The stock is currently trading at $293.04, which makes it overvalued by our analysis.
How is TRGP's fair value calculated?
We use four valuation methods: Discounted Cash Flow (DCF), Graham Number, PEG-based Fair Value, and Dividend Discount Model (for dividend-paying stocks). The composite score weights DCF at 35%, Graham and PEG at 25% each, and DDM at 15%. When a model can't be applied, its weight is redistributed proportionally.
Is TRGP overvalued or undervalued?
Based on our analysis, TRGP is overvalued. The current price of $293.04 is 17.8% above our estimated fair value of $240.91.
What do Wall Street analysts say about TRGP?
21 analysts cover Targa Resources with a consensus rating of "Strong Buy." The average price target is $326.76, ranging from $294.00 to $359.00. This implies 11.5% upside from the current price.