The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-24), Targa Resources's share price is $116.90. Targa Resources's Book Value per Share for the quarter that ended in Dec. 2023 was $12.31. Hence, Targa Resources's PB Ratio of today is 9.50.
The historical rank and industry rank for Targa Resources's PB Ratio or its related term are showing as below:
TRGP'
s PB Ratio Range Over the Past 10 Years
Min: 0.33 Med: 2.62 Max: 40.32
Current: 9.5
During the past 13 years, Targa Resources's highest PB Ratio was 40.32. The lowest was 0.33. And the median was 2.62.
TRGP's PB Ratio is ranked worse than 95.56% of 990
companies
in the Oil & Gas industry
Industry Median: 1.23
vs TRGP: 9.50
During the past 12 months, Targa Resources's average Book Value Per Share Growth Rate was 4.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -15.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Targa Resources was 100.40% per year. The lowest was -30.50% per year. And the median was 1.50% per year.
Back to Basics: PB Ratio
Targa Resources PB Ratio Historical Data
The historical data trend for Targa Resources's PB 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.
Competitive Comparison of Targa Resources's PB Ratio
For the Oil & Gas Midstream subindustry, Targa Resources's PB Ratio, along with its competitors' market caps and PB 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's PB Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Targa Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Targa Resources's PB Ratio falls into.
Targa Resources PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Targa Resources's PB Ratio for today is calculated as follows:
* 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:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Targa Resources PB Ratio Related Terms
Thank you for viewing the detailed overview of Targa Resources's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Targa Resources (Targa Resources) Business Description
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has 843,000 barrels a day of gross fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline recently entered full service.
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