Targa Resources Partners LP (Targa Resources Partners LP) Tangible Book per Share : $12.12 (As of Sep. 2020)

Targa Resources Partners LP Tangible Book per Share Chart

Targa Resources Partners LP Annual Data
	Trend	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19
Tangible Book per Share		Get a 7-Day Free Trial					23.02	26.68	26.84	28.38	23.07

Targa Resources Partners LP Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Tangible Book per Share	Get a 7-Day Free Trial															25.05	23.07	12.93	12.42	12.12

Competitive Comparison of Targa Resources Partners LP's Tangible Book per Share

For the Oil & Gas Midstream subindustry, Targa Resources Partners LP's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Targa Resources Partners LP's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Targa Resources Partners LP's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Targa Resources Partners LP's Price-to-Tangible-Book falls into.

Targa Resources Partners LP Tangible Book per Share Calculation

Targa Resources Partners LP's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2019 is calculated as

Targa Resources Partners LP's Tangible Book Value Per Share for the quarter that ended in Sep. 2020 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Targa Resources Partners LP  (NYSE:NGLS) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Targa Resources Partners LP Tangible Book per Share Related Terms

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Targa Resources Partners LP (Targa Resources Partners LP) Business Description