Texas Pacific Land Trust
TPL
#828
Rank
$20.43 B
Marketcap
$2,593
Share price
3.44%
Change (1 day)
114.48%
Change (1 year)

P/E ratio for Texas Pacific Land Trust (TPL)

P/E ratio as of December 2022 (TTM): 47.1

According to Texas Pacific Land Trust 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 47.0857. At the end of 2021 the company had a P/E ratio of 35.8.

P/E ratio history for Texas Pacific Land Trust from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202135.811.93%
202032.069.6%
201918.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
14.9-68.40%๐Ÿ‡บ๐Ÿ‡ธ USA
9.66-79.47%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.