Texas Pacific Land Corporation TPL

341.07 2.82 0.83% as of 25 Sep
Market cap
$23.3B
P/E
43.5×
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Texas Pacific Land Corporation (TPL) P/B ratio

As of 25 September 2026, Texas Pacific Land Corporation (TPL) trades at a P/B ratio of 14.1×. Over the past ten years it has ranged from 4.7× (March 2020) to 66.4× (September 2017); the current reading is higher than 23% of that period. That is above the Oil & Gas E&P industry median of 1.3× and above the Energy sector median of 1.5×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 13.6× (39.53%)
FY2024 22.4× 89.99%
FY2023 11.8× (43.76%)
FY2022 21.0× 41.42%
FY2021 14.9× 27.82%
FY2020 11.6× (1.77%)
FY2019 11.8× (31.36%)
FY2018 17.2× (49.93%)
FY2017 34.4× (31.50%)
FY2016 50.3× 113.90%

Quarterly

Period P/B ratio Change
Jun 2026 18.0× (14.18%)
Mar 2026 21.0× 54.94%
Dec 2025 13.6× (13.47%)
Sep 2025 15.7× (16.73%)
42 more quarters

Against its own ten years

Low 4.7× High 66.4×
Ten-year median 19.8×
Current reading's percentile 23

P/B ratio against peers

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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