Superworth

Targa Resources price to book ratio TRGP

Market value divided by the book value of the company's net assets, since 2011.

Today, Oct 23, 2026
17.7×
10-year median
5.4×
Against its 10-year history
98th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.3× to 19.4×
Peer median
4.2×

Targa Resources' price to book ratio is 17.7× as of Oct 23, 2026.

That is above its ten-year median of 5.4×, higher than on 98% of days in the last ten years.

Over that time it ranged from 0.3× in Apr 2020 to 19.4× in Jul 2026.

The median for 10 oil and gas pipeline stocks of a similar size is 4.2×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far17.7×14.0×19.4×
202514.5×12.4×18.3×
202415.0×7.3×17.6×
20237.7×5.7×8.0×
20227.0×5.8×10.4×
20215.5×2.2×5.9×
20202.1×0.3×2.3×
20191.8×1.4×1.8×
20181.3×1.3×2.1×
20171.7×1.4×2.2×
20161.9×0.6×4.4×
20151.0×1.0×28.3×
201427.5×24.3×41.5×
201324.6×17.9×27.9×
201216.7×10.4×16.7×
201110.4×7.3×10.4×

Against its peers

Companies in Oil & Gas Midstream nearest Targa Resources' size, closest first, today.

CompanyPrice to book ratio
TRGPTarga Resources17.7×
LNGCheniere Energy10.0×
ETEnergy Transfer2.0×
OKEONEOK2.6×
MPLXMPLX Lp4.3×
KMIKinder Morgan2.4×
EPDEnterprise Products Partners2.6×
WMBWilliams Companies6.6×
VGVenture Global4.1×
CQPCheniere Energy Partners42.5×
WESWestern Midstream Partners4.4×
Peer median4.2×

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 Targa Resources

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