The PE ratio for Dorchester Minerals stock stands at 12.86 as of May 2, 2024. This is based on the current EPS of $2.58 and the stock price of $33.18 per share. An increase of 12% has been recorded in the P/E ratio compared to the average of 11.5 of the last 4 quarters.
Over the last ten years, the average PE ratio of Dorchester Minerals has been 15.77. The current 12.86 PE ratio is 18% below the historical average. In the past ten years, DMLP's PE ratio was at its highest in the Jun 2016 quarter at 35.17, with a price of $14.42 and an EPS of $0.41. The Mar 2020 quarter recorded the bottom point at 7, with a price of $9.31 and an EPS of $1.33.
Maximum annual increase: 43.12% in 2019
Maximum annual decrease: -51.56% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 11.17 | 25.08% |
| 2022 | 8.93 | -12.45% |
| 2021 | 10.2 | -42.98% |
| 2020 | 17.89 | 37.51% |
| 2019 | 13.01 | 43.12% |
| 2018 | 9.09 | -29.43% |
| 2017 | 12.88 | -51.56% |
| 2016 | 26.59 | 12.91% |
| 2015 | 23.55 | 30.98% |
| 2014 | 17.98 | -5.17% |
The current PE ratio of DMLP is greater than its 3 and 5-year historical averages, but it is lower than the 10-year average.
DMLP's PE ratio is lower than its peer stock PBT, but it is greater than PHX's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PHX Phx Minerals Inc | 8.49 | $123.92M |
| DMLP Dorchester Minerals Lp | 12.86 | $1.33B |
| PBT Permian Basin Royalty Trust | 19.28 | $539.26M |
DMLP stock has a price to earnings ratio of 12.86 as of May 2, 2024.
The 3-year average PE ratio for DMLP stock is 10.74.
The 5-year average PE ratio for DMLP stock is 11.76.
In the last ten years, the Jun 2016 quarter recorded the highest quarterly PE ratio at 35.17.
DMLP's current price to earnings ratio is 18% below its 10-year historical average.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 2, 2024), Dorchester Minerals's stock price is $33.18. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.58. Therefore, Dorchester Minerals's P/E ratio for today is 12.86. PE RATIO(12.86) = STOCK PRICE($33.18) / TTM EPS($2.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.