Target Hospitality price to book ratio TH

Market value divided by the book value of the company's net assets, since 2018.

Today, Oct 23, 2026: 3.7×
8-year median: 3.9×
Against its 8-year history: 48th; percentile: 0 is its lowest day, 100 its highest
8-year range: 0.8× to 85.7×
Peer median: 3.5×

Target Hospitality's price to book ratio is 3.7× as of Oct 23, 2026.

That is below its 8-year median of 3.9×, close to the middle of its last 8 years.

Over that time it ranged from 0.8× in Oct 2020 to 85.7× in May 2019.

The median for 9 hotel stocks of a similar size is 3.5×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	3.7×	1.6×	5.7×
2025	2.1×	1.3×	2.5×
2024	2.3×	1.9×	3.1×
2023	2.9×	2.7×	12.0×
2022	10.1×	3.2×	13.7×
2021	3.9×	1.5×	5.4×
2020	1.5×	0.8×	4.1×
2019	3.6×	3.2×	85.7×
2018	81.2×	78.8×	82.4×

Against its peers

Companies in Travel Lodging nearest Target Hospitality's size, closest first, today.

Company	Price to book ratio
THTarget Hospitality	3.7×
MCRIMonarch Casino & Resort	3.5×
SHOSunstone Hotel Investors	1.2×
HGVHilton Grand Vacations	2.5×
TNLTravel & Leisure	n/m
CHHChoice Hotels International	34.3×
RRRRed Rock Resorts	30.5×
WHWyndham Hotels & Resorts	11.1×
MGMMGM Resorts International	2.8×
WYNNWynn Resorts	n/m
Peer median	3.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Target Hospitality

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.