PB Ratio: 16.99

Basis: FMP quote market capitalization / matching reported stockholders equity. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the P/B ratio high or low?

The P/B ratio of 16.99 is 53% above its estimated 5-year average of 11.09, near the high end of its estimated 5-year range (4.67–19.58).

As of 2026-09-22T00:16:31.198Z. 5.11% above its estimated 12-month average of 16.16.

TRGP PB Ratio Metrics

P/B vs. estimated history

At 16.99, P/B is above its estimated 15-year median — higher than 81% of readings in its estimated 15-year history.

Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.

Book Value Analysis

PB Ratio Formula & Definition

PB Ratio = Market Cap / Total Shareholders' Equity

The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

PB Ratio FAQ

What is the P/B ratio for Targa Resources Corp. (TRGP)?

The P/B ratio for TRGP stock is 16.99.

Is Targa Resources Corp.'s P/B ratio high or low?

The P/B ratio of 16.99 is 53% above its estimated 5-year average of 11.09, near the high end of its estimated 5-year range (4.67–19.58).

What is the estimated TTM average P/B ratio for Targa Resources Corp. (TRGP)?

The estimated TTM average P/B ratio for TRGP stock is 16.16.

What is the estimated 3Y average P/B ratio for Targa Resources Corp. (TRGP)?

The estimated 3Y average P/B ratio for TRGP stock is 13.52.

What is the estimated 5Y average P/B ratio for Targa Resources Corp. (TRGP)?

The estimated 5Y average P/B ratio for TRGP stock is 11.09.

What is the estimated 10Y average P/B ratio for Targa Resources Corp. (TRGP)?

The estimated 10Y average P/B ratio for TRGP stock is 6.50.

What is the estimated 15Y average P/B ratio for Targa Resources Corp. (TRGP)?

The estimated 15Y average P/B ratio for TRGP stock is 8.94.

Showing the most recent 260 of 3,886 data points. The chart above shows the full history.

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