Basis: FMP quote market capitalization / matching reported stockholders equity. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/B ratio high or low?
The P/B ratio of 14.07 is 21% below its estimated 5-year average of 17.87, near the low end of its estimated 5-year range (10.93–37.84).
As of 2026-09-26T00:16:12.111Z. 17.64% below its estimated 12-month average of 17.08.
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.
PB RATIO
14.07
PB RATIO AVG TTM
17.08
PB RATIO AVG 3Y
17.99
PB RATIO AVG 5Y
17.87
PB RATIO AVG 10Y
19.76
PB RATIO AVG 15Y
33.47
PB RATIO AVG 20Y
38.30
CURRENT VS TTM AVG
-17.64%
CURRENT VS 3Y AVG
-21.77%
CURRENT VS 5Y AVG
-21.27%
CURRENT VS 10Y AVG
-28.81%
CURRENT VS 15Y AVG
-57.96%
CURRENT VS 20Y AVG
-63.26%
SECTOR MEDIAN · ENERGY
2.43
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
+479.01%
vs the sector median at left
Texas Pacific Land Corporation
Market Cap
$23.53B
PB Ratio
14.07
TTM Avg
17.08
3Y Avg
17.99
5Y Avg
17.87
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Texas Pacific Land Corporation (TPL) | $23.53B | 14.07 | 17.08 | 17.99 | 17.87 |
| Pembina Pipeline Corporation (PBA)vs › | $25.97B | 2.16 | 2.07 | 1.84 | 1.75 |
| Expand Energy Corporation (EXE)vs › | $20.10B | 1.04 | 1.31 | 1.25 | 1.49 |
| Halliburton Company (HAL)vs › | $27.37B | 2.49 | 2.63 | 2.75 | 3.29 |
| First Solar, Inc. (FSLR)vs › | $19.10B | 1.85 | 2.65 | 2.68 | 2.57 |
| Tenaris S.A. (TS)vs › | $29.76B | 1.75 | 1.54 | 1.29 | 1.29 |
| Venture Global, Inc. (VG)vs › | $30.82B | 3.59 | 4.20 | 4.35 | 4.35 |
| EQT Corporation (EQT)vs › | $31.78B | 1.26 | 1.46 | 1.32 | 1.34 |
| APA Corporation (APA)vs › | $15.11B | 2.15 | 1.82 | 3.57 | 9.11 |
| Nextpower Inc. (NXT)vs › | $12.26B | 4.79 | 7.44 | 6.28 | 5.80 |
At 14.07, P/B is below its estimated 20-year median — higher than 13% 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
4.67
median
36.17
estimated 20-year high
85.98
P/B Ratio
14.07
Market Price / Book Value per Share
PB Ratio = Market Cap / Total Shareholders' Equity
The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-09-11 | 15.24 |
| 2026-09-10 | 15.11 |
| 2026-09-09 | 15.44 |
| 2026-09-08 | 15.76 |
| 2026-09-04 | 14.96 |
| 2026-09-03 | 15.13 |
| 2026-09-02 | 15.16 |
| 2026-09-01 | 15.27 |
| 2026-08-31 | 15.45 |
| 2026-08-28 | 15.04 |
| 2026-08-27 | 15.26 |
| 2026-08-26 | 15.25 |
| 2026-08-25 | 15.39 |
| 2026-08-24 | 15.42 |
| 2026-08-21 | 15.84 |
| 2026-08-20 | 15.25 |
| 2026-08-19 | 15.40 |
| 2026-08-18 | 15.08 |
| 2026-08-17 | 14.89 |
| 2026-08-14 | 14.80 |
| 2026-08-13 | 14.33 |
| 2026-08-12 | 14.15 |
| 2026-08-11 | 15.07 |
| 2026-08-10 | 14.47 |
| 2026-08-07 | 14.06 |
| 2026-08-06 | 14.68 |
| 2026-08-05 | 16.94 |
| 2026-08-04 | 17.54 |
| 2026-08-03 | 18.01 |
| 2026-07-31 | 17.86 |
| 2026-07-30 | 17.49 |
| 2026-07-29 | 17.27 |
| 2026-07-28 | 17.27 |
| 2026-07-27 | 17.59 |
| 2026-07-24 | 18.60 |
| 2026-07-23 | 18.87 |
| 2026-07-22 | 19.21 |
| 2026-07-21 | 18.58 |
| 2026-07-20 | 18.00 |
| 2026-07-17 | 18.44 |
| 2026-07-16 | 18.45 |
| 2026-07-15 | 18.34 |
| 2026-07-14 | 18.45 |
| 2026-07-13 | 18.14 |
| 2026-07-10 | 17.64 |
| 2026-07-09 | 17.33 |
| 2026-07-08 | 17.50 |
| 2026-07-07 | 17.86 |
| 2026-07-06 | 17.87 |
| 2026-07-02 | 18.06 |
| 2026-07-01 | 18.41 |
| 2026-06-30 | 19.41 |
| 2026-06-29 | 18.63 |
| 2026-06-26 | 17.55 |
| 2026-06-25 | 17.34 |
| 2026-06-24 | 16.75 |
| 2026-06-23 | 16.41 |
| 2026-06-22 | 16.02 |
| 2026-06-18 | 15.75 |
| 2026-06-17 | 15.72 |
| 2026-06-16 | 15.80 |
| 2026-06-15 | 16.09 |
| 2026-06-12 | 16.81 |
| 2026-06-11 | 16.39 |
| 2026-06-10 | 16.64 |
| 2026-06-09 | 16.95 |
| 2026-06-08 | 17.57 |
| 2026-06-05 | 17.29 |
| 2026-06-04 | 18.04 |
| 2026-06-03 | 18.04 |
| 2026-06-02 | 16.45 |
| 2026-06-01 | 16.33 |
| 2026-05-29 | 17.43 |
| 2026-05-28 | 17.80 |
| 2026-05-27 | 18.01 |
| 2026-05-26 | 17.74 |
| 2026-05-22 | 17.83 |
| 2026-05-21 | 17.61 |
| 2026-05-20 | 17.85 |
| 2026-05-19 | 17.50 |
| 2026-05-18 | 17.15 |
| 2026-05-15 | 17.08 |
| 2026-05-14 | 17.23 |
| 2026-05-13 | 17.14 |
| 2026-05-12 | 17.80 |
| 2026-05-11 | 17.86 |
| 2026-05-08 | 17.48 |
| 2026-05-07 | 17.70 |
| 2026-05-06 | 19.86 |
| 2026-05-05 | 20.37 |
| 2026-05-04 | 20.48 |
| 2026-05-01 | 20.52 |
| 2026-04-30 | 20.99 |
| 2026-04-29 | 20.77 |
| 2026-04-28 | 20.39 |
| 2026-04-27 | 20.67 |
| 2026-04-24 | 20.77 |
| 2026-04-23 | 20.78 |
| 2026-04-22 | 20.79 |
| 2026-04-21 | 20.71 |
| 2026-04-20 | 20.57 |
| 2026-04-17 | 19.99 |
| 2026-04-16 | 20.17 |
| 2026-04-15 | 19.74 |
| 2026-04-14 | 19.50 |
| 2026-04-13 | 19.72 |
| 2026-04-10 | 19.40 |
| 2026-04-09 | 17.88 |
| 2026-04-08 | 21.21 |
| 2026-04-07 | 21.28 |
| 2026-04-06 | 21.24 |
| 2026-04-02 | 21.02 |
| 2026-04-01 | 20.78 |
| 2026-03-31 | 22.45 |
| 2026-03-30 | 22.11 |
| 2026-03-27 | 24.21 |
| 2026-03-26 | 24.71 |
| 2026-03-25 | 25.09 |
| 2026-03-24 | 25.33 |
| 2026-03-23 | 24.98 |
| 2026-03-20 | 24.58 |
| 2026-03-19 | 25.20 |
| 2026-03-18 | 25.08 |
| 2026-03-17 | 25.04 |
| 2026-03-16 | 24.93 |
| 2026-03-13 | 25.13 |
| 2026-03-12 | 25.03 |
| 2026-03-11 | 24.83 |
| 2026-03-10 | 24.64 |
| 2026-03-09 | 25.54 |
| 2026-03-06 | 24.84 |
| 2026-03-05 | 24.76 |
| 2026-03-04 | 25.37 |
| 2026-03-03 | 24.78 |
| 2026-03-02 | 25.13 |
| 2026-02-27 | 24.81 |
| 2026-02-26 | 24.25 |
| 2026-02-25 | 24.14 |
| 2026-02-24 | 25.17 |
| 2026-02-23 | 23.79 |
| 2026-02-20 | 23.65 |
| 2026-02-19 | 23.02 |
| 2026-02-18 | 22.24 |
| 2026-02-17 | 21.52 |
| 2026-02-13 | 21.82 |
| 2026-02-12 | 20.76 |
| 2026-02-11 | 20.87 |
| 2026-02-10 | 20.27 |
| 2026-02-09 | 18.90 |
| 2026-02-06 | 18.47 |
| 2026-02-05 | 17.43 |
| 2026-02-04 | 17.48 |
| 2026-02-03 | 16.96 |
| 2026-02-02 | 16.99 |
| 2026-01-30 | 17.58 |
| 2026-01-29 | 17.82 |
| 2026-01-28 | 17.90 |
| 2026-01-27 | 17.42 |
| 2026-01-26 | 17.25 |
| 2026-01-23 | 17.51 |
| 2026-01-22 | 17.45 |
| 2026-01-21 | 17.47 |
| 2026-01-20 | 16.55 |
| 2026-01-16 | 17.03 |
| 2026-01-15 | 16.70 |
| 2026-01-14 | 16.50 |
| 2026-01-13 | 16.24 |
| 2026-01-12 | 15.65 |
| 2026-01-09 | 15.74 |
| 2026-01-08 | 15.29 |
| 2026-01-07 | 14.20 |
| 2026-01-06 | 14.83 |
| 2026-01-05 | 15.01 |
| 2026-01-02 | 15.04 |
| 2025-12-31 | 14.49 |
| 2025-12-30 | 14.77 |
| 2025-12-29 | 14.86 |
| 2025-12-26 | 14.51 |
| 2025-12-24 | 14.94 |
| 2025-12-23 | 15.00 |
| 2025-12-22 | 15.28 |
| 2025-12-19 | 15.12 |
| 2025-12-18 | 15.06 |
| 2025-12-17 | 14.85 |
| 2025-12-16 | 13.80 |
| 2025-12-15 | 14.12 |
| 2025-12-12 | 14.11 |
| 2025-12-11 | 14.98 |
| 2025-12-10 | 15.01 |
| 2025-12-09 | 14.82 |
| 2025-12-08 | 15.21 |
| 2025-12-05 | 15.56 |
| 2025-12-04 | 15.47 |
| 2025-12-03 | 15.39 |
| 2025-12-02 | 14.54 |
| 2025-12-01 | 14.36 |
| 2025-11-28 | 14.54 |
| 2025-11-26 | 14.52 |
| 2025-11-25 | 14.54 |
| 2025-11-24 | 14.75 |
| 2025-11-21 | 15.08 |
| 2025-11-20 | 14.86 |
| 2025-11-19 | 15.24 |
| 2025-11-18 | 15.48 |
| 2025-11-17 | 16.11 |
| 2025-11-14 | 17.20 |
| 2025-11-13 | 16.64 |
| 2025-11-12 | 16.93 |
| 2025-11-11 | 16.64 |
| 2025-11-10 | 16.72 |
| 2025-11-07 | 16.51 |
| 2025-11-06 | 17.01 |
| 2025-11-05 | 16.41 |
| 2025-11-04 | 16.33 |
| 2025-11-03 | 16.51 |
| 2025-10-31 | 16.84 |
| 2025-10-30 | 16.58 |
| 2025-10-29 | 16.50 |
| 2025-10-28 | 16.34 |
| 2025-10-27 | 16.59 |
| 2025-10-24 | 16.58 |
| 2025-10-23 | 16.74 |
| 2025-10-22 | 16.53 |
| 2025-10-21 | 16.58 |
| 2025-10-20 | 16.68 |
| 2025-10-17 | 16.76 |
| 2025-10-16 | 16.75 |
| 2025-10-15 | 16.55 |
| 2025-10-14 | 16.20 |
| 2025-10-13 | 15.93 |
| 2025-10-10 | 15.88 |
| 2025-10-09 | 16.24 |
| 2025-10-08 | 17.01 |
| 2025-10-07 | 17.13 |
| 2025-10-06 | 17.42 |
| 2025-10-03 | 16.89 |
| 2025-10-02 | 17.28 |
| 2025-10-01 | 17.10 |
| 2025-09-30 | 16.67 |
| 2025-09-29 | 16.44 |
| 2025-09-26 | 17.04 |
| 2025-09-25 | 16.53 |
| 2025-09-24 | 16.69 |
| 2025-09-23 | 16.63 |
| 2025-09-22 | 15.66 |
| 2025-09-19 | 15.62 |
| 2025-09-18 | 16.31 |
| 2025-09-17 | 16.30 |
| 2025-09-16 | 16.71 |
| 2025-09-15 | 16.49 |
| 2025-09-12 | 16.73 |
| 2025-09-11 | 16.77 |
| 2025-09-10 | 16.74 |
| 2025-09-09 | 16.07 |
| 2025-09-08 | 16.29 |
| 2025-09-05 | 15.88 |
| 2025-09-04 | 16.59 |
| 2025-09-03 | 16.24 |
| 2025-09-02 | 16.82 |
| 2025-08-29 | 16.67 |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.