Target Hospitality (TH) Price to Book (2018 - 2026)
Target Hospitality's (TH) Price to Book stood at 5.52 in Q2 2026, up 211.5% from 1.77 a year earlier and up 123.6% from the prior quarter.
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Analysis
Target Hospitality (TH) Price to Book (2018 - 2026) Analysis & Trends
For FY2025, Target Hospitality's Price to Book came in at 2.05, down 9.5% from FY2024.
- Annual Price to Book has declined for three straight years.
- Across earlier years, Price to Book came in at 2.27 in FY2024 (-13.4%), 2.62 in FY2023 (-65.3%), 7.56 in FY2022 (+102.7%) and 3.73 in FY2021 (+130.8%).
- The Q2 2026 figure is the highest quarterly Price to Book since Q4 2022.
- On a year-over-year basis, Price to Book rose in three of the last eight quarters, with growth averaging 16.5%.
- Peak year-over-year performance for Price to Book in the last five years was growth of 253.4% in Q3 2021, against a decline of 65.3% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 2.47 (Q1 2026), 2.05 (Q4 2025) and 2.10 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Rentals | 64.18 Bn | 62.94 Bn | 1.73 Bn |
| 2 | W.W. Grainger | 62.30 Bn | 59.90 Bn | 1.98 Bn |
| 3 | Fastenal | 58.56 Bn | 57.48 Bn | 1.06 Bn |
| 4 | Ferguson Enterprises | 44.07 Bn | 41.28 Bn | 2.32 Bn |
| 5 | Sunbelt Rentals Holdings | 31.19 Bn | 31.07 Bn | 1.25 Bn |
| 6 | Reliance | 21.34 Bn | 20.38 Bn | 1.30 Bn |
| 7 | Wesco International | 16.69 Bn | 14.00 Bn | 1.46 Bn |
| 8 | Applied Industrial Technologies | 12.48 Bn | 12.35 Bn | 411.22 Mn |
| 9 | Watsco | 11.24 Bn | 8.93 Bn | 578.93 Mn |
| 10 | Target Hospitality | 1.54 Bn | 1.49 Bn | 15.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.52 |
| Mar 31, 2026 | 2.47 |
| Dec 31, 2025 | 2.05 |
| Sep 30, 2025 | 2.10 |
| Jun 30, 2025 | 1.77 |
| Mar 31, 2025 | 1.57 |
| Dec 31, 2024 | 2.27 |
| Sep 30, 2024 | 1.87 |
| Jun 30, 2024 | 2.20 |
| Mar 31, 2024 | 2.90 |
| Dec 31, 2023 | 2.62 |
| Sep 30, 2023 | 4.77 |
| Jun 30, 2023 | 4.70 |
| Mar 31, 2023 | 5.51 |
| Dec 31, 2022 | 7.56 |
| Sep 30, 2022 | 8.43 |
| Jun 30, 2022 | 4.46 |
| Mar 31, 2022 | 5.92 |
| Dec 31, 2021 | 3.73 |
| Sep 30, 2021 | 4.06 |
API Access
Target Hospitality Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "TH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();