Basis: Current FMP quote-based enterprise value / four-quarter operating income plus matched D&A. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBITDA ratio high or low?
The EV/EBITDA ratio of 31.47x is in line with its estimated 5-year average of 32.53x, near the low end of its estimated 5-year range (16.65x–71.67x).
As of 2026-09-26T00:16:12.111Z. 15.23% below its estimated 12-month average of 37.12x.
Calculation as of: 2026-09-26T00:16:12.111Z.
Quote observation: 2026-09-25T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 952267abd0eeaf3eef22406edc1cce937a1755e404326d1685254c15cce452e5
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBITDA RATIO
31.47x
EV/EBITDA RATIO AVG TTM
37.12x
EV/EBITDA RATIO AVG 3Y
37.36x
EV/EBITDA RATIO AVG 5Y
32.53x
EV/EBITDA RATIO AVG 10Y
30.83x
EV/EBITDA RATIO AVG 15Y
30.34x
EV/EBITDA RATIO AVG 20Y
40.01x
CURRENT VS TTM AVG
-15.23%
CURRENT VS 3Y AVG
-15.76%
CURRENT VS 5Y AVG
-3.27%
CURRENT VS 10Y AVG
+2.07%
CURRENT VS 15Y AVG
+3.71%
CURRENT VS 20Y AVG
-21.34%
SECTOR MEDIAN · ENERGY
9.04x
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+247.93%
vs the sector median at left
Texas Pacific Land Corporation
Market Cap
$23.53B
EV/EBITDA Ratio
31.47x
TTM Avg
37.12x
3Y Avg
37.36x
5Y Avg
32.53x
Market Cap
$25.97B
EV/EBITDA Ratio
13.46x
TTM Avg
12.94x
3Y Avg
12.73x
5Y Avg
13.33x
Market Cap
$20.10B
EV/EBITDA Ratio
3.60x
TTM Avg
6.01x
3Y Avg
9.12x
5Y Avg
7.32x
Market Cap
$19.10B
EV/EBITDA Ratio
7.38x
TTM Avg
11.16x
3Y Avg
14.63x
5Y Avg
21.50x
Market Cap
$30.82B
EV/EBITDA Ratio
9.57x
TTM Avg
11.93x
3Y Avg
15.60x
5Y Avg
15.60x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Texas Pacific Land Corporation (TPL) | $23.53B | 31.47x | 37.12x | 37.36x | 32.53x |
| Pembina Pipeline Corporation (PBA)vs › | $25.97B | 13.46x | 12.94x | 12.73x | 13.33x |
| Expand Energy Corporation (EXE)vs › | $20.10B | 3.60x | 6.01x | 9.12x | 7.32x |
| Halliburton Company (HAL)vs › | $27.37B | 9.00x | 9.41x | 7.76x | 9.65x |
| First Solar, Inc. (FSLR)vs › | $19.10B | 7.38x | 11.16x | 14.63x | 21.50x |
| Tenaris S.A. (TS)vs › | $29.76B | 10.37x | 8.66x | 6.22x | 6.81x |
| Venture Global, Inc. (VG)vs › | $30.82B | 9.57x | 11.93x | 15.60x | 15.60x |
| EQT Corporation (EQT)vs › | $31.78B | 5.56x | 7.03x | 8.24x | 9.90x |
| APA Corporation (APA)vs › | $15.11B | 5.64x | 3.14x | 2.94x | 3.31x |
| Nextpower Inc. (NXT)vs › | $12.26B | 14.96x | 20.25x | 16.21x | 16.77x |
At 31.5, EV/EBITDA is near its estimated 20-year median — higher than 42% of readings in its estimated 20-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 20-year low
5.1
median
34.8
estimated 20-year high
132.5
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-09-11 | 34.12x |
| 2026-09-10 | 33.84x |
| 2026-09-09 | 34.58x |
| 2026-09-08 | 35.31x |
| 2026-09-04 | 33.49x |
| 2026-09-03 | 33.87x |
| 2026-09-02 | 33.95x |
| 2026-09-01 | 34.19x |
| 2026-08-31 | 34.60x |
| 2026-08-28 | 33.68x |
| 2026-08-27 | 34.17x |
| 2026-08-26 | 34.14x |
| 2026-08-25 | 34.46x |
| 2026-08-24 | 34.52x |
| 2026-08-21 | 35.47x |
| 2026-08-20 | 34.16x |
| 2026-08-19 | 34.50x |
| 2026-08-18 | 33.77x |
| 2026-08-17 | 33.34x |
| 2026-08-14 | 33.13x |
| 2026-08-13 | 32.06x |
| 2026-08-12 | 31.66x |
| 2026-08-11 | 33.73x |
| 2026-08-10 | 32.38x |
| 2026-08-07 | 31.46x |
| 2026-08-06 | 32.86x |
| 2026-08-05 | 37.91x |
| 2026-08-04 | 39.28x |
| 2026-08-03 | 40.34x |
| 2026-07-31 | 39.98x |
| 2026-07-30 | 39.15x |
| 2026-07-29 | 38.66x |
| 2026-07-28 | 38.66x |
| 2026-07-27 | 39.39x |
| 2026-07-24 | 41.67x |
| 2026-07-23 | 42.28x |
| 2026-07-22 | 43.04x |
| 2026-07-21 | 41.62x |
| 2026-07-20 | 40.31x |
| 2026-07-17 | 41.30x |
| 2026-07-16 | 41.33x |
| 2026-07-15 | 41.07x |
| 2026-07-14 | 41.32x |
| 2026-07-13 | 40.62x |
| 2026-07-10 | 39.51x |
| 2026-07-09 | 38.80x |
| 2026-07-08 | 39.18x |
| 2026-07-07 | 40.00x |
| 2026-07-06 | 40.00x |
| 2026-07-02 | 40.45x |
| 2026-07-01 | 41.23x |
| 2026-06-30 | 43.49x |
| 2026-06-29 | 41.73x |
| 2026-06-26 | 39.30x |
| 2026-06-25 | 38.83x |
| 2026-06-24 | 37.48x |
| 2026-06-23 | 36.71x |
| 2026-06-22 | 35.83x |
| 2026-06-18 | 35.23x |
| 2026-06-17 | 35.17x |
| 2026-06-16 | 35.35x |
| 2026-06-15 | 36.00x |
| 2026-06-12 | 37.61x |
| 2026-06-11 | 36.67x |
| 2026-06-10 | 37.24x |
| 2026-06-09 | 37.93x |
| 2026-06-08 | 39.34x |
| 2026-06-05 | 38.70x |
| 2026-06-04 | 40.40x |
| 2026-06-03 | 40.40x |
| 2026-06-02 | 36.80x |
| 2026-06-01 | 36.54x |
| 2026-05-29 | 39.02x |
| 2026-05-28 | 39.86x |
| 2026-05-27 | 40.33x |
| 2026-05-26 | 39.73x |
| 2026-05-22 | 39.93x |
| 2026-05-21 | 39.42x |
| 2026-05-20 | 39.98x |
| 2026-05-19 | 39.18x |
| 2026-05-18 | 38.38x |
| 2026-05-15 | 38.24x |
| 2026-05-14 | 38.57x |
| 2026-05-13 | 38.37x |
| 2026-05-12 | 39.86x |
| 2026-05-11 | 39.99x |
| 2026-05-08 | 39.14x |
| 2026-05-07 | 39.63x |
| 2026-05-06 | 44.08x |
| 2026-05-05 | 45.21x |
| 2026-05-04 | 45.46x |
| 2026-05-01 | 45.55x |
| 2026-04-30 | 46.61x |
| 2026-04-29 | 46.12x |
| 2026-04-28 | 45.26x |
| 2026-04-27 | 45.89x |
| 2026-04-24 | 46.10x |
| 2026-04-23 | 46.13x |
| 2026-04-22 | 46.17x |
| 2026-04-21 | 45.98x |
| 2026-04-20 | 45.67x |
| 2026-04-17 | 44.38x |
| 2026-04-16 | 44.77x |
| 2026-04-15 | 43.83x |
| 2026-04-14 | 43.29x |
| 2026-04-13 | 43.77x |
| 2026-04-10 | 43.05x |
| 2026-04-09 | 39.68x |
| 2026-04-08 | 47.09x |
| 2026-04-07 | 47.25x |
| 2026-04-06 | 47.15x |
| 2026-04-02 | 46.67x |
| 2026-04-01 | 46.14x |
| 2026-03-31 | 49.86x |
| 2026-03-30 | 49.11x |
| 2026-03-27 | 53.78x |
| 2026-03-26 | 54.89x |
| 2026-03-25 | 55.75x |
| 2026-03-24 | 56.26x |
| 2026-03-23 | 55.48x |
| 2026-03-20 | 54.59x |
| 2026-03-19 | 55.97x |
| 2026-03-18 | 55.72x |
| 2026-03-17 | 55.62x |
| 2026-03-16 | 55.38x |
| 2026-03-13 | 55.83x |
| 2026-03-12 | 55.60x |
| 2026-03-11 | 55.16x |
| 2026-03-10 | 54.73x |
| 2026-03-09 | 56.74x |
| 2026-03-06 | 55.18x |
| 2026-03-05 | 55.00x |
| 2026-03-04 | 56.35x |
| 2026-03-03 | 55.04x |
| 2026-03-02 | 55.82x |
| 2026-02-27 | 55.11x |
| 2026-02-26 | 53.87x |
| 2026-02-25 | 53.63x |
| 2026-02-24 | 55.91x |
| 2026-02-23 | 52.85x |
| 2026-02-20 | 52.53x |
| 2026-02-19 | 51.13x |
| 2026-02-18 | 46.91x |
| 2026-02-17 | 45.36x |
| 2026-02-13 | 46.00x |
| 2026-02-12 | 43.74x |
| 2026-02-11 | 43.97x |
| 2026-02-10 | 42.68x |
| 2026-02-09 | 39.74x |
| 2026-02-06 | 38.82x |
| 2026-02-05 | 36.59x |
| 2026-02-04 | 36.71x |
| 2026-02-03 | 35.59x |
| 2026-02-02 | 35.65x |
| 2026-01-30 | 36.91x |
| 2026-01-29 | 37.44x |
| 2026-01-28 | 37.61x |
| 2026-01-27 | 36.57x |
| 2026-01-26 | 36.19x |
| 2026-01-23 | 36.76x |
| 2026-01-22 | 36.63x |
| 2026-01-21 | 36.68x |
| 2026-01-20 | 34.69x |
| 2026-01-16 | 35.73x |
| 2026-01-15 | 35.03x |
| 2026-01-14 | 34.59x |
| 2026-01-13 | 34.04x |
| 2026-01-12 | 32.77x |
| 2026-01-09 | 32.96x |
| 2026-01-08 | 31.99x |
| 2026-01-07 | 29.66x |
| 2026-01-06 | 31.01x |
| 2026-01-05 | 31.41x |
| 2026-01-02 | 31.46x |
| 2025-12-31 | 30.29x |
| 2025-12-30 | 30.88x |
| 2025-12-29 | 31.08x |
| 2025-12-26 | 30.33x |
| 2025-12-24 | 31.24x |
| 2025-12-23 | 31.39x |
| 2025-12-22 | 31.98x |
| 2025-12-19 | 31.63x |
| 2025-12-18 | 31.51x |
| 2025-12-17 | 31.06x |
| 2025-12-16 | 28.81x |
| 2025-12-15 | 29.50x |
| 2025-12-12 | 29.46x |
| 2025-12-11 | 31.33x |
| 2025-12-10 | 31.40x |
| 2025-12-09 | 30.98x |
| 2025-12-08 | 31.82x |
| 2025-12-05 | 32.58x |
| 2025-12-04 | 32.39x |
| 2025-12-03 | 32.21x |
| 2025-12-02 | 30.40x |
| 2025-12-01 | 30.01x |
| 2025-11-28 | 30.39x |
| 2025-11-26 | 30.34x |
| 2025-11-25 | 30.39x |
| 2025-11-24 | 30.84x |
| 2025-11-21 | 31.55x |
| 2025-11-20 | 31.08x |
| 2025-11-19 | 31.88x |
| 2025-11-18 | 32.40x |
| 2025-11-17 | 33.75x |
| 2025-11-14 | 36.10x |
| 2025-11-13 | 34.89x |
| 2025-11-12 | 35.52x |
| 2025-11-11 | 34.89x |
| 2025-11-10 | 35.06x |
| 2025-11-07 | 34.62x |
| 2025-11-06 | 35.69x |
| 2025-11-05 | 33.97x |
| 2025-11-04 | 33.80x |
| 2025-11-03 | 34.19x |
| 2025-10-31 | 34.90x |
| 2025-10-30 | 34.33x |
| 2025-10-29 | 34.18x |
| 2025-10-28 | 33.82x |
| 2025-10-27 | 34.37x |
| 2025-10-24 | 34.34x |
| 2025-10-23 | 34.68x |
| 2025-10-22 | 34.23x |
| 2025-10-21 | 34.34x |
| 2025-10-20 | 34.56x |
| 2025-10-17 | 34.73x |
| 2025-10-16 | 34.70x |
| 2025-10-15 | 34.27x |
| 2025-10-14 | 33.54x |
| 2025-10-13 | 32.96x |
| 2025-10-10 | 32.84x |
| 2025-10-09 | 33.62x |
| 2025-10-08 | 35.26x |
| 2025-10-07 | 35.51x |
| 2025-10-06 | 36.11x |
| 2025-10-03 | 34.99x |
| 2025-10-02 | 35.82x |
| 2025-10-01 | 35.45x |
| 2025-09-30 | 34.53x |
| 2025-09-29 | 34.03x |
| 2025-09-26 | 35.31x |
| 2025-09-25 | 34.22x |
| 2025-09-24 | 34.58x |
| 2025-09-23 | 34.44x |
| 2025-09-22 | 32.38x |
| 2025-09-19 | 32.31x |
| 2025-09-18 | 33.75x |
| 2025-09-17 | 33.74x |
| 2025-09-16 | 34.60x |
| 2025-09-15 | 34.14x |
| 2025-09-12 | 34.66x |
| 2025-09-11 | 34.73x |
| 2025-09-10 | 34.68x |
| 2025-09-09 | 33.25x |
| 2025-09-08 | 33.73x |
| 2025-09-05 | 32.84x |
| 2025-09-04 | 34.35x |
| 2025-09-03 | 33.61x |
| 2025-09-02 | 34.86x |
| 2025-08-29 | 34.52x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
