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Friday 6 November 2026 Export TPL’s income statement to Excel — free account

Texas Pacific Land Corporation

TPL Energy Oil & Gas E&P

Texas Pacific Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $798.2 million, up 13.1% from fiscal 2024.

Revenue
+34.6%
EPS
+38.3%
Free cash flow
+84.0%

Quarter to September 2026, against a year earlier

274.53 2.35 +0.86%
Market cap
$18.8B
P/E
32.3×
Fwd P/E
35.9×
Dividend yield
0.85%
F-score
5/9
Altman Z
75.56
Beneish M
−2.25
Dividend safety
77/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Texas Pacific Land Corporation (TPL) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Texas Pacific Land Corporation (TPL) trades at a P/B ratio of 10.5×. Over the past ten years it has ranged from 4.7× (March 2020) to 66.4× (September 2017); the current reading is higher than 7% of that period. That is above the Oil & Gas E&P industry median of 1.2× and above the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

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 newest first

Period P/B ratio Change
Sep 2026 12.5× (30.91%)
Jun 2026 18.0× (14.18%)
Mar 2026 21.0× 54.94%
Dec 2025 13.6× (13.47%)
43 more quarters

Against its own ten years

Low 4.7× High 66.4×
Ten-year median 19.6×
Current reading's percentile 8

P/B ratio against peers

Company P/B ratio
WDS Woodside Energy Group Ltd compare n/m
DVN Devon Energy Corporation compare 1.0×
EXE Expand Energy Corporation compare 1.0×
EQT EQT Corporation compare 1.1×
AR Antero Resources Corporation compare 1.3×
PR Permian Resources Corporation compare 1.5×
APA APA Corporation compare 1.9×
RRC Range Resources Corporation compare 2.4×
TPL Texas Pacific Land Corporation 10.5×
Oil & Gas E&P industry median 1.2×
Energy sector median 1.4×
Market median 1.7×

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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