The current price-to-earnings ratio for Texas Pacific Land stock as of Jul 25, 2024 is 42.91. This is calculated based on the current EPS of $18.82 and the stock price of $807.56 per share. The PE ratio has increased by 42% from the past four quarters average of 30.2.
The average historical PE ratio of Texas Pacific Land for the last ten years is 32.97. The current price-to-earnings ratio of 42.91 is 30% more than the historical average. In the past ten years, TPL's PE ratio reached its highest point in the Mar 2021 quarter at 73.08, when the stock price was $529.81 and the EPS was $7.25. The lowest point was recorded in the Mar 2020 quarter, when it reached 12.48 with a price of $126.67 and an EPS of $10.15.
Maximum annual increase: 161.44% in 2016
Maximum annual decrease: -44.22% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 29.78 | -26.56% |
| 2022 | 40.55 | 13.08% |
| 2021 | 35.86 | 12.03% |
| 2020 | 32.01 | 68.39% |
| 2019 | 19.01 | -5.47% |
| 2018 | 20.11 | -44.22% |
| 2017 | 36.05 | -35.87% |
| 2016 | 56.21 | 161.44% |
| 2015 | 21.5 | -24.56% |
| 2014 | 28.5 | -10.21% |
The current PE ratio of TPL is above the 3, 5 and 10-year averages.
When compared to its peer stocks VNOM and DMLP, TPL's PE ratio is higher. Texas Pacific Land's PE ratio is trading above the peer group average of 19.04.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DMLP Dorchester Minerals Lp | 11.95 | $1.24B |
| VNOM Viper Energy Partners LP | 15.55 | $7.48B |
| PBT Permian Basin Royalty Trust | 18.37 | $530.87M |
| PHX Phx Minerals Inc | 29.91 | $123.24M |
| TPL Texas Pacific Land Corp | 43.51 | $18.83B |
As of Jul 25, 2024, TPL stock has a price to earnings ratio of 42.91.
Over the last 3 years, the average PE ratio for TPL stock is 32.95.
Over the last 5 years, the average PE ratio for TPL stock is 32.47.
Over the last ten years, the quarterly PE ratio reached a historic high of 73.08 in the Mar 2021 quarter.
The current price to earnings ratio of TPL is 30% higher than the 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jul 25, 2024), Texas Pacific Land's stock price is $807.56. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $18.82. Therefore, Texas Pacific Land's price to earnings ratio for today is 42.91. PE RATIO(42.91) = STOCK PRICE($807.56) / TTM EPS($18.82)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.