What Is TRGP Fair Value?
Targa Resources (TRGP) fair value estimate using multiple valuation models, updated daily.
As of July 16, 2026, Targa Resources (TRGP) has a composite fair value estimate of $232.09 based on four valuation models: DCF (35% weight), Graham Number (25% weight), PEG (25% weight), and DDM (15% weight). The current market price is $278.16, suggesting the stock is overvalued by 16.6%.
Data as of July 16, 2026 (today)
Composite Fair Value
Overvalued4 of 4 models$232.09
vs. current price of $278.16(-16.6%)
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 →
$254.96
-8.3%Fair Value
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 →
$456.33
+64.1%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 →
$60.69
-78.2%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.
$173.92
-37.5%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 $278.16 is 8.3% 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 | $1.85B | $1.61B |
| Year 3 | $2.14B | $1.73B |
| Year 4 | $2.47B | $1.87B |
| Year 5 | $2.86B | $2.01B |
| Year 6 | $3.30B | $2.16B |
| Year 7 | $3.81B | $2.33B |
| Year 8 | $4.41B | $2.51B |
| Year 9 | $5.09B | $2.70B |
| Year 10 | $5.88B | $2.91B |
| Terminal Value | $125.60B | $62.09B |
What Are TRGP's Key Financial Metrics?
Earnings & Growth
Current Price
$278.16
EPS (TTM)
$9.68
Forward P/E
23.3
Profit Margin
12.9%
Cash & Balance Sheet
Free Cash Flow
-318.6M
EBITDA
5.2B
Book Value
$14.61
Total Debt
19.1B
What Do Analysts Say About TRGP?
Low
$245.00
Average
$289.86
High
$331.00
Upside
+4.2%
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 $232.09. The stock is currently trading at $278.16, 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 $278.16 is 16.6% above our estimated fair value of $232.09.
What do Wall Street analysts say about TRGP?
21 analysts cover Targa Resources with a consensus rating of "Buy." The average price target is $289.86, ranging from $245.00 to $331.00. This implies 4.2% upside from the current price.