TPL Texas Pacific Land PE ratio, current and historical analysis
The current price-to-earnings ratio for Texas Pacific Land stock as of Nov 21, 2024 is 77.68. This is calculated based on the current EPS of $19.51 and the stock price of $1,515.53 per share. The PE ratio has increased by 116% from the past four quarters average of 35.9.
TPL PE ratio history
The average historical PE ratio of Texas Pacific Land for the last ten years is 33.03. The current price-to-earnings ratio of 77.68 is 135% 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.
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
The current PE ratio of TPL is above the 3, 5 and 10-year averages.
TPL PE vs peers
When compared to its peer stocks VNOM and DMLP, TPL's PE ratio is higher. Texas Pacific Land's current PE ratio of 77.68 is in line with the average of its peer group, which is 20.47.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DMLP Dorchester Minerals Lp | 12.01 | $1.59B |
| PBT Permian Basin Royalty Trust | 17.64 | $641.34M |
| VNOM Viper Energy Partners LP | 23.47 | $10.3B |
| PHX Phx Minerals Inc | 28.77 | $140.18M |
| TPL Texas Pacific Land Corp | 77.68 | $34.82B |
Frequently asked questions
What is Texas Pacific Land's PE ratio?
As of Nov 21, 2024, TPL stock has a price to earnings ratio of 77.68.
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 33.82.
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 34.19.
What is the highest PE ratio for TPL?
Within the last ten years, the current price to earnings ratio is at its peak with a value of 77.68.
How does the current PE ratio for TPL compare to its historical average?
The current price to earnings ratio of TPL is 135% higher than the 10-year historical average.
Why is Texas Pacific Land's PE ratio so high?
A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.
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 (Nov 21, 2024), Texas Pacific Land's stock price is $1,515.53. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $19.51. Therefore, Texas Pacific Land's price to earnings ratio for today is 77.68. PE RATIO(77.68) = STOCK PRICE($1,515.53) / TTM EPS($19.51)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.