Targa Resources (TRGP)

P/B ratio as of September 2024 : 7.59

According to Targa Resources 's latest financial reports the company has a price-to-book ratio of 7.59.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Targa Resources - P/B ratio (from 2010 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	4.20	25.81%
2022-12-31	3.34	44.59%
2021-12-31	2.31	125.69%
2020-12-31	1.02	-9.11%
2019-12-31	1.13	0.76%
2018-12-31	1.12	-27.69%
2017-12-31	1.55	-12.75%
2016-12-31	1.77	630.27%
2015-12-31	0.2425	-86.22%
2014-12-31	1.76	-0.99%
2013-12-31	1.78	39.46%
2012-12-31	1.27	-1.69%
2011-12-31	1.30	18.45%
2010-12-31	1.09
2009-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Chevron CVX	1.60	-78.90%	🇺🇸 USA
Enterprise Products EPD	2.25	-70.42%	🇺🇸 USA
Enbridge ENB	1.75	-77.00%	🇨🇦 Canada
ENI E	0.8359	-88.99%	🇮🇹 Italy
Murphy Oil MUR	0.9389	-87.63%	🇺🇸 USA
Exxon Mobil XOM	1.81	-76.17%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Targa Resources (TRGP) - P/B ratio