• Targa Resources average price/book ratio for 2023 was 3.89, a 27.12% increase from 2022.
• Targa Resources average price/book ratio for 2022 was 3.06, a 97.42% increase from 2021.
• Targa Resources average price/book ratio for 2021 was 1.55, a 176.79% increase from 2020.

Price/book ratio can be defined as