LandBridge (LB) EV to EBITDA (2024 - 2026)
LandBridge's (LB) quarterly EV to EBITDA came in at 147.9 in Q2 2026, down 24.17% on a YoY basis from 195.05 in Q2 2025, and down 24.97% quarter-over-quarter from 197.13 in Q1 2026.
Analysis
LandBridge (LB) EV to EBITDA (2024 - 2026) Analysis & Trends
LandBridge (LB) has reported EV to EBITDA for 3 consecutive years, with 147.9 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBITDA fell 24.17% year-over-year to 147.9; the trailing twelve-month figure through Jun 2026 stood at 47.23 (down 35.82% YoY), and the FY2025 full-year result was 35.44, up 109.25% from the prior year.
- EV to EBITDA eased to 147.9 in Q2 2026 per LB's latest filing, from 197.13 in the prior quarter.
- Across five years, EV to EBITDA topped out at 989.67 in Q3 2024 and bottomed at 123.24 in Q4 2025.
- Historically, EV to EBITDA has averaged 290.33 across 3 years, with a median of 196.09 in 2025.
- The sharpest annual moves came in 2025 and 2026: EV to EBITDA plunged 85.36% in 2025, then fell 13.93% in 2026.
- Over 3 years, EV to EBITDA stood at 295.75 in 2024, then sank by 58.33% to 123.24 in 2025, then advanced by 20.01% to 147.9 in 2026.
- According to Business Quant data, EV to EBITDA over the past three periods registered 147.9, 197.13, and 123.24 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.83 Bn | 25.58 Bn | - |
| 2 | Eason Technology | 6.12 Bn | 6.12 Bn | - |
| 3 | Opendoor Technologies | 2.91 Bn | 2.02 Bn | 86.00 Mn |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - |
| 5 | LandBridge | 2.44 Bn | 2.40 Bn | 65.51 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn |
| 7 | Frp Holdings | 420.67 Mn | 420.67 Mn | - |
| 8 | American Realty Investors | 250.20 Mn | 250.20 Mn | - |
| 9 | Belpointe PREP | 186.60 Mn | 186.60 Mn | - |
| 10 | Star Holdings | 114.16 Mn | 79.35 Mn | 5.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 147.90 |
| Mar 31, 2026 | 197.13 |
| Dec 31, 2025 | 123.24 |
| Sep 30, 2025 | 144.90 |
| Jun 30, 2025 | 195.05 |
| Mar 31, 2025 | 229.03 |
| Dec 31, 2024 | 295.75 |
| Sep 30, 2024 | 989.67 |