EV/Sales Ratio: 32.28x
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 32.28x is 18% above its 5-year average of 27.32x, around the middle of its 5-year range (13.93x–57.20x).
As of Sunday, June 28, 2026. 7.49% above its 12-month average of 30.03x.
TPL EV/Sales Ratio Chart
TPL Average EV/Sales Ratio Chart
TPL Current vs Average EV/Sales Ratio Chart
TPL EV/Sales Ratio Metrics
EV/SALES RATIO
32.28x
EV/SALES RATIO AVG TTM
30.03x
EV/SALES RATIO AVG 3Y
29.39x
EV/SALES RATIO AVG 5Y
27.16x
EV/SALES RATIO AVG 10Y
25.86x
EV/SALES RATIO AVG 15Y
26.57x
EV/SALES RATIO AVG 20Y
34.43x
CURRENT VS TTM AVG
+7.49%
CURRENT VS 3Y AVG
+9.85%
CURRENT VS 5Y AVG
+18.87%
CURRENT VS 10Y AVG
+24.82%
CURRENT VS 15Y AVG
+21.49%
CURRENT VS 20Y AVG
-6.25%
TPL Competitors' EV/Sales Ratio
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Texas Pacific Land Corporation (TPL) | $27.30B | 32.28x | 30.03x | 29.39x | 27.16x |
| Halliburton Company (HAL)vs › | $28.58B | 1.57x | 1.44x | 1.52x | 1.75x |
| First Solar, Inc. (FSLR)vs › | $25.69B | 4.39x | 4.73x | 5.13x | 4.89x |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 3.63x | 3.63x | 3.47x | 3.94x |
| Tenaris S.A. (TS)vs › | $30.06B | 2.34x | 2.03x | 1.61x | 1.77x |
| EQT Corporation (EQT)vs › | $32.96B | 3.82x | 4.92x | 4.94x | 3.88x |
| Expand Energy Corporation (EXE)vs › | $21.16B | 1.71x | 2.97x | 2.83x | 2.33x |
| APA Corporation (APA)vs › | $11.67B | 1.85x | 1.54x | 1.65x | 1.88x |
| Antero Midstream Corporation (AM)vs › | $11.01B | 11.51x | 10.07x | 9.38x | 8.96x |
| Cameco Corporation (CCJ)vs › | $45.51B | 17.72x | 17.12x | 12.75x | 10.56x |
Understanding EV/Sales
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
- It works for unprofitable companies where P/E doesn't apply
- Revenue is harder to manipulate than earnings
- It supports comparisons across companies at different profitability stages
- It is frequently used for software and other revenue-growth-focused companies
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales Ratio Formula & Definition
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
EV/Sales Ratio FAQ
- What is the EV/Sales ratio for Texas Pacific Land Corporation (TPL)?
- The EV/Sales ratio for TPL stock is 32.28x.
- Is Texas Pacific Land Corporation's EV/Sales ratio high or low?
- The EV/Sales ratio of 32.28x is 18% above its 5-year average of 27.32x, around the middle of its 5-year range (13.93x–57.20x).
- What is the TTM average EV/Sales ratio for Texas Pacific Land Corporation (TPL)?
- The TTM average EV/Sales ratio for TPL stock is 30.03x.
- What is the 3Y average EV/Sales ratio for Texas Pacific Land Corporation (TPL)?
- The 3Y average EV/Sales ratio for TPL stock is 29.39x.
- What is the 5Y average EV/Sales ratio for Texas Pacific Land Corporation (TPL)?
- The 5Y average EV/Sales ratio for TPL stock is 27.16x.
- What is the 10Y average EV/Sales ratio for Texas Pacific Land Corporation (TPL)?
- The 10Y average EV/Sales ratio for TPL stock is 25.86x.
- What is the 15Y average EV/Sales ratio for Texas Pacific Land Corporation (TPL)?
- The 15Y average EV/Sales ratio for TPL stock is 26.57x.
- What is the 20Y average EV/Sales ratio for Texas Pacific Land Corporation (TPL)?
- The 20Y average EV/Sales ratio for TPL stock is 34.43x.
TPL EV/Sales Ratio History
| DATE | EV/SALES RATIO |
|---|---|
| 2026-06-26 | 32.28x |
| 2026-06-25 | 31.89x |
| 2026-06-24 | 30.78x |
| 2026-06-23 | 30.15x |
| 2026-06-22 | 29.43x |
| 2026-06-18 | 28.93x |
| 2026-06-17 | 28.88x |
| 2026-06-16 | 29.03x |
| 2026-06-15 | 29.56x |
| 2026-06-12 | 30.89x |
| 2026-06-11 | 30.12x |
| 2026-06-10 | 30.58x |
| 2026-06-09 | 31.15x |
| 2026-06-08 | 32.31x |
| 2026-06-05 | 31.78x |
| 2026-06-04 | 33.18x |
| 2026-06-03 | 33.18x |
| 2026-06-02 | 30.22x |
| 2026-06-01 | 30.01x |
| 2026-05-29 | 32.05x |
| 2026-05-28 | 32.73x |
| 2026-05-27 | 33.12x |
| 2026-05-26 | 32.63x |
| 2026-05-22 | 32.79x |
| 2026-05-21 | 32.38x |
| 2026-05-20 | 32.83x |
| 2026-05-19 | 32.18x |
| 2026-05-18 | 31.52x |
| 2026-05-15 | 31.40x |
| 2026-05-14 | 31.68x |
| 2026-05-13 | 31.51x |
| 2026-05-12 | 32.74x |
| 2026-05-11 | 32.84x |
| 2026-05-08 | 32.15x |
| 2026-05-07 | 32.55x |
| 2026-05-06 | 34.25x |
| 2026-05-05 | 37.08x |
| 2026-05-04 | 37.29x |
| 2026-05-01 | 37.36x |
| 2026-04-30 | 38.23x |
| 2026-04-29 | 37.83x |
| 2026-04-28 | 37.12x |
| 2026-04-27 | 37.64x |
| 2026-04-24 | 37.82x |
| 2026-04-23 | 37.84x |
| 2026-04-22 | 37.87x |
| 2026-04-21 | 37.71x |
| 2026-04-20 | 37.46x |
| 2026-04-17 | 36.40x |
| 2026-04-16 | 36.72x |
| 2026-04-15 | 35.95x |
| 2026-04-14 | 35.51x |
| 2026-04-13 | 35.90x |
| 2026-04-10 | 35.31x |
| 2026-04-09 | 32.55x |
| 2026-04-08 | 38.63x |
| 2026-04-07 | 38.76x |
| 2026-04-06 | 38.68x |
| 2026-04-02 | 38.28x |
| 2026-04-01 | 37.84x |
| 2026-03-31 | 40.90x |
| 2026-03-30 | 40.28x |
| 2026-03-27 | 44.12x |
| 2026-03-26 | 45.03x |
| 2026-03-25 | 45.72x |
| 2026-03-24 | 46.15x |
| 2026-03-23 | 45.51x |
| 2026-03-20 | 44.78x |
| 2026-03-19 | 45.91x |
| 2026-03-18 | 45.70x |
| 2026-03-17 | 45.62x |
| 2026-03-16 | 45.42x |
| 2026-03-13 | 45.79x |
| 2026-03-12 | 45.60x |
| 2026-03-11 | 45.25x |
| 2026-03-10 | 44.89x |
| 2026-03-09 | 46.54x |
| 2026-03-06 | 45.26x |
| 2026-03-05 | 45.11x |
| 2026-03-04 | 46.22x |
| 2026-03-03 | 45.14x |
| 2026-03-02 | 45.79x |
| 2026-02-27 | 45.20x |
| 2026-02-26 | 44.18x |
| 2026-02-25 | 43.99x |
| 2026-02-24 | 45.86x |
| 2026-02-23 | 43.35x |
| 2026-02-20 | 43.09x |
| 2026-02-19 | 41.94x |
| 2026-02-18 | 37.97x |
| 2026-02-17 | 37.44x |
| 2026-02-13 | 37.97x |
| 2026-02-12 | 36.10x |
| 2026-02-11 | 36.29x |
| 2026-02-10 | 35.23x |
| 2026-02-09 | 32.80x |
| 2026-02-06 | 32.05x |
| 2026-02-05 | 30.20x |
| 2026-02-04 | 30.30x |
| 2026-02-03 | 29.37x |
| 2026-02-02 | 29.42x |
| 2026-01-30 | 30.47x |
| 2026-01-29 | 30.90x |
| 2026-01-28 | 31.04x |
| 2026-01-27 | 30.18x |
| 2026-01-26 | 29.87x |
| 2026-01-23 | 30.34x |
| 2026-01-22 | 30.24x |
| 2026-01-21 | 30.28x |
| 2026-01-20 | 28.64x |
| 2026-01-16 | 29.49x |
| 2026-01-15 | 28.91x |
| 2026-01-14 | 28.55x |
| 2026-01-13 | 28.10x |
| 2026-01-12 | 27.05x |
| 2026-01-09 | 27.21x |
| 2026-01-08 | 26.41x |
| 2026-01-07 | 24.48x |
| 2026-01-06 | 25.59x |
| 2026-01-05 | 25.92x |
| 2026-01-02 | 25.96x |
| 2025-12-31 | 25.00x |
| 2025-12-30 | 25.49x |
| 2025-12-29 | 25.66x |
| 2025-12-26 | 25.03x |
| 2025-12-24 | 25.79x |
| 2025-12-23 | 25.91x |
| 2025-12-22 | 26.39x |
| 2025-12-19 | 26.11x |
| 2025-12-18 | 26.01x |
| 2025-12-17 | 25.64x |
| 2025-12-16 | 23.78x |
| 2025-12-15 | 24.35x |
| 2025-12-12 | 24.32x |
| 2025-12-11 | 25.86x |
| 2025-12-10 | 25.92x |
| 2025-12-09 | 25.57x |
| 2025-12-08 | 26.27x |
| 2025-12-05 | 26.89x |
| 2025-12-04 | 26.73x |
| 2025-12-03 | 26.58x |
| 2025-12-02 | 25.09x |
| 2025-12-01 | 24.77x |
| 2025-11-28 | 25.08x |
| 2025-11-26 | 25.04x |
| 2025-11-25 | 25.08x |
| 2025-11-24 | 25.45x |
| 2025-11-21 | 26.04x |
| 2025-11-20 | 25.65x |
| 2025-11-19 | 26.32x |
| 2025-11-18 | 26.74x |
| 2025-11-17 | 27.86x |
| 2025-11-14 | 29.80x |
| 2025-11-13 | 28.80x |
| 2025-11-12 | 29.31x |
| 2025-11-11 | 28.80x |
| 2025-11-10 | 28.94x |
| 2025-11-07 | 28.58x |
| 2025-11-06 | 29.45x |
| 2025-11-05 | 26.71x |
| 2025-11-04 | 27.60x |
| 2025-11-03 | 27.91x |
| 2025-10-31 | 28.49x |
| 2025-10-30 | 28.03x |
| 2025-10-29 | 27.90x |
| 2025-10-28 | 27.61x |
| 2025-10-27 | 28.06x |
| 2025-10-24 | 28.04x |
| 2025-10-23 | 28.32x |
| 2025-10-22 | 27.95x |
| 2025-10-21 | 28.04x |
| 2025-10-20 | 28.22x |
| 2025-10-17 | 28.36x |
| 2025-10-16 | 28.33x |
| 2025-10-15 | 27.98x |
| 2025-10-14 | 27.38x |
| 2025-10-13 | 26.91x |
| 2025-10-10 | 26.82x |
| 2025-10-09 | 27.45x |
| 2025-10-08 | 28.79x |
| 2025-10-07 | 29.00x |
| 2025-10-06 | 29.48x |
| 2025-10-03 | 28.57x |
| 2025-10-02 | 29.25x |
| 2025-10-01 | 28.95x |
| 2025-09-30 | 28.19x |
| 2025-09-29 | 27.79x |
| 2025-09-26 | 28.83x |
| 2025-09-25 | 27.94x |
| 2025-09-24 | 28.23x |
| 2025-09-23 | 28.12x |
| 2025-09-22 | 26.44x |
| 2025-09-19 | 26.38x |
| 2025-09-18 | 27.56x |
| 2025-09-17 | 27.55x |
| 2025-09-16 | 28.25x |
| 2025-09-15 | 27.88x |
| 2025-09-12 | 28.30x |
| 2025-09-11 | 28.36x |
| 2025-09-10 | 28.31x |
| 2025-09-09 | 27.15x |
| 2025-09-08 | 27.54x |
| 2025-09-05 | 26.81x |
| 2025-09-04 | 28.04x |
| 2025-09-03 | 27.44x |
| 2025-09-02 | 28.46x |
| 2025-08-29 | 28.19x |
| 2025-08-28 | 27.83x |
| 2025-08-27 | 27.42x |
| 2025-08-26 | 27.49x |
| 2025-08-25 | 27.17x |
| 2025-08-22 | 27.51x |
| 2025-08-21 | 26.54x |
| 2025-08-20 | 26.99x |
| 2025-08-19 | 27.22x |
| 2025-08-18 | 26.90x |
| 2025-08-15 | 26.60x |
| 2025-08-14 | 27.54x |
| 2025-08-13 | 26.60x |
| 2025-08-12 | 25.81x |
| 2025-08-11 | 25.75x |
| 2025-08-08 | 25.98x |
| 2025-08-07 | 26.14x |
| 2025-08-06 | 28.72x |
| 2025-08-05 | 29.68x |
| 2025-08-04 | 29.47x |
| 2025-08-01 | 28.92x |
| 2025-07-31 | 29.98x |
| 2025-07-30 | 30.54x |
| 2025-07-29 | 30.78x |
| 2025-07-28 | 30.24x |
| 2025-07-25 | 30.33x |
| 2025-07-24 | 30.02x |
| 2025-07-23 | 28.81x |
| 2025-07-22 | 29.00x |
| 2025-07-21 | 30.03x |
| 2025-07-18 | 30.89x |
| 2025-07-17 | 30.74x |
| 2025-07-16 | 30.56x |
| 2025-07-15 | 30.43x |
| 2025-07-14 | 32.17x |
| 2025-07-11 | 32.46x |
| 2025-07-10 | 32.60x |
| 2025-07-09 | 32.49x |
| 2025-07-08 | 32.45x |
| 2025-07-07 | 32.06x |
| 2025-07-03 | 33.39x |
| 2025-07-02 | 33.26x |
| 2025-07-01 | 33.16x |
| 2025-06-30 | 32.77x |
| 2025-06-27 | 32.74x |
| 2025-06-26 | 33.37x |
| 2025-06-25 | 32.13x |
| 2025-06-24 | 32.88x |
| 2025-06-23 | 32.56x |
| 2025-06-20 | 33.65x |
| 2025-06-18 | 33.50x |
| 2025-06-17 | 33.75x |
| 2025-06-16 | 33.92x |
| 2025-06-13 | 34.76x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
Related Metrics
About Texas Pacific Land Corporation
Texas Pacific Land Corporation (TPL) operates in two core business segments: land and resource management, and water services. Its Land and Resource Management division oversees a vast land portfolio, spanning nearly 880,000 acres. This segment also holds significant oil and gas royalty interests. These include perpetual non-participating royalty interests (NPRIs) covering approximately 85,000 acres (at a 1/128th rate) and about 371,000 acres (at a 1/16th rate). Furthermore, it possesses around 4,000 additional net royalty acres, primarily located in West Texas. The segment grants various easements and commercial leases for purposes such as oil, gas, and hydrocarbon infrastructure, power and utility lines, and subsurface wellbores. It also leases its land for facilities like processing, storage, and compression plants, as well as roads, and sells materials such as caliche. The Water Services and Operations division provides comprehensive water solutions to energy operators throughout the Permian Basin. Its services encompass water sourcing, the gathering and treatment of produced water, infrastructure development, disposal solutions, water tracking, analytics, and well testing. This segment also generates royalty income from water extracted from its own lands. Founded in 1888, Texas Pacific Land Corporation maintains its headquarters in Dallas, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Tyler Glover