Targa ResourcesMEX:TRGP 74 PB Ratio is 14.33 as of Jun. 26, 2026, which is 223% above its 10-year median of 4.43. GuruFocus rates MEX:TRGP with a GF Score™ of 74/100 and a GF Value™ of MXN2,328.09. The stock has 8 warning signs investors should review. Among 923 Oil & Gas companies, Targa Resources ranks worse than 97.62% on this metric.
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 (2026-06-26), Targa Resources's share price is MXN3775.00. Targa Resources's Book Value per Share for the quarter that ended in Mar. 2026 was MXN263.40. Hence, Targa Resources's PB Ratio of today is 14.33.
Warning Sign:
Targa Resources Corp stock PB Ratio (=18.72) is close to 10-year high of 18.95.
The historical rank and industry rank for Targa Resources's PB Ratio or its related term are showing as below:
MEX:TRGP'
s PB Ratio Range Over the Past 10 Years
Min: 0.33 Med: 4.43 Max: 18.95
Current: 18.72
During the past 13 years, Targa Resources's highest PB Ratio was 18.95. The lowest was 0.33. And the median was 4.43.
MEX:TRGP's PB Ratio is ranked worse than 97.62% of 923
companies
in the Oil & Gas industry
Industry Median: 1.39
vs MEX:TRGP: 18.72
During the past 12 months, Targa Resources's average Book Value Per Share Growth Rate was 29.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -9.90% 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 2.60% per year.
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
Targa Resources PB Ratio Historical Data
* Premium members only.
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.
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 PB Ratio vs 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.
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.
Targa Resources (MEX:TRGP) has a PB Ratio of 14.33 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Targa Resources and its competitors. This is 223% above median its historical median of 4.43. Over the past decade, Targa Resources' PB Ratio has ranged from 0.33 to 18.95. According to the industry distribution chart, Targa Resources ranks #901 out of 923 companies in the Oil & Gas industry, placing it in the top 97.6%.
Is Targa Resources' PB Ratio too high?
Targa Resources' current PB Ratio of 14.33 is 223% above median its 10-year median of 4.43. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 18.95. The Oil & Gas industry median PB Ratio is 1.39. Targa Resources' value of 14.33 is 930.9% above this industry median. Based on the distribution chart, Targa Resources ranks #901 out of 923 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' PB Ratio compare to MPLX and OKE?
According to the Oil & Gas industry distribution chart, Targa Resources ranks #901 out of 923 companies for PB Ratio. This places Targa Resources in the lower half of its industry. The industry median PB Ratio is 1.39. Targa Resources' value of 14.33 is 930.9% above this benchmark. Historically, Targa Resources' own PB Ratio has ranged from 0.33 to 18.95 over the past decade. While the company's 10-year median is 4.43 vs. the industry median of 1.39, 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 PB Ratio for an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.39, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Targa Resources's current PB Ratio of 14.33 is 930.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Targa Resources and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Targa Resources's current PB Ratio is 14.33, which is 223% above median its own 10-year median of 4.43. 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 PB Ratio of 14.33. The stock's GF Value™ is MXN2,328.09, compared to a current price of MXN3,775.00 — trading 62.2% above its estimated fair value. The current PB Ratio is 14.33, which is 223% above median its 10-year median of 4.43 and 930.9% above the Oil & Gas industry median of 1.39. Targa Resources' overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Targa Resources (MEX:TRGP), the current PB Ratio is 14.33 as of Jun. 26, 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 62.2% above its estimated GF Value™ of MXN2,328.09.
Key valuation signals for MEX:TRGP:
PB Ratio: 14.33 (223% above median its 10-year median of 4.43)
GF Value™: MXN2,328.09 vs. price of MXN3,775.00 (62.2% above fair value)
Industry Position: 930.9% above the Oil & Gas median (#901 of 923)
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
Get the complete analysis for MEX:TRGP
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:TRGP has been successfully added to your 
