P/E ratio for Texas Pacific Land Trust (TPL)
P/E ratio as of May 2024 (TTM): 11.2
According to Texas Pacific Land Trust 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.1688. At the end of 2022 the company had a P/E ratio of 40.6.
P/E ratio history for Texas Pacific Land Trust from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 40.6 | 13.14% |
| 2021 | 35.8 | 11.93% |
| 2020 | 32.0 | 69.6% |
| 2019 | 18.9 | -6.14% |
| 2018 | 20.1 | -44.28% |
| 2017 | 36.1 | -35.64% |
| 2016 | 56.1 | 160.53% |
| 2015 | 21.5 | -24.63% |
| 2014 | 28.6 | -9.71% |
| 2013 | 31.6 | 29.7% |
| 2012 | 24.4 | 32.51% |
| 2011 | 18.4 | -40.95% |
| 2010 | 31.2 | -29.44% |
| 2009 | 44.2 | 102.78% |
| 2008 | 21.8 | -62.02% |
| 2007 | 57.4 | 44.35% |
| 2006 | 39.7 | 4.83% |
| 2005 | 37.9 | 122.06% |
| 2004 | 17.1 | -28.97% |
| 2003 | 24.0 | 23.44% |
| 2002 | 19.5 | 47.64% |
| 2001 | 13.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Viper Energy Partners VNOM | 16.7 | 49.65% | 🇺🇸 USA |
 Dorchester Minerals DMLP | 11.4 | 2.13% | 🇺🇸 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.