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.