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TPL Texas Pacific Land PE ratio, current and historical analysis

The current price-to-earnings ratio for Texas Pacific Land stock as of Jun 14, 2024 is 39.85. This is calculated based on the current EPS of $18.82 and the stock price of $750 per share. The PE ratio has increased by 32% from the past four quarters average of 30.2.

TPL PE ratio history

How has TPL's PE ratio performed in the past

The average historical PE ratio of Texas Pacific Land for the last ten years is 33.14. The current price-to-earnings ratio of 39.85 is 20% 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.

Average
33.14
Median
32.4
Minimum
12.48
Maximum
73.08

Texas Pacific Land PE ratio by year

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%

TPL average PE ratio chart

What is the average PE ratio of TPL for the past years

The current PE ratio of TPL is above the 3, 5 and 10-year averages.

3-year avg
35.42
5-year avg
31.85
10-year avg
33.14
15-year avg
32.59

TPL PE vs peers

What is TPL's PE ratio compared to its peers

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 18.15.

Stock name PE ratio Market cap
DMLP Dorchester Minerals Lp 11.58 $1.2B
VNOM Viper Energy Partners LP 13.21 $6.35B
PBT Permian Basin Royalty Trust 18.63 $538.33M
PHX Phx Minerals Inc 29.18 $120.24M
TPL Texas Pacific Land Corp 39.85 $17.24B

Frequently asked questions

What is Texas Pacific Land's PE ratio?

As of Jun 14, 2024, TPL stock has a price to earnings ratio of 39.85.

What is the 3-year average PE ratio for Texas Pacific Land (TPL)?

Over the last 3 years, the average PE ratio for TPL stock is 35.42.

What is the 5-year average PE ratio for Texas Pacific Land (TPL)?

Over the last 5 years, the average PE ratio for TPL stock is 31.85.

What is the highest PE ratio for TPL?

Over the last ten years, the quarterly PE ratio reached a historic high of 73.08 in the Mar 2021 quarter.

How does the current PE ratio for TPL compare to its historical average?

The current price to earnings ratio of TPL is 20% higher than the 10-year historical average.

How is TPL's PE ratio calculated (Texas Pacific Land PE ratio formula)?

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 (Jun 14, 2024), Texas Pacific Land's stock price is $750. 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 39.85. PE RATIO(39.85) = STOCK PRICE($750) / TTM EPS($18.82)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.