LandBridge (LB) Price to Book (2024 - 2026)
LandBridge's Price to Book was 7.33 in Q2 2026, down 2.8% from 7.53 a year earlier but up 11.3% from the prior quarter.
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Analysis
LandBridge (LB) Price to Book (2024 - 2026) Analysis & Trends
For FY2025, Price to Book at LandBridge came in at 4.76, down 38.7% from FY2024.
- In earlier years, Price to Book was 7.76 in FY2024.
- Quarterly Price to Book has moved between 4.76 (Q4 2025) and 8.47 (Q1 2025) over five years.
- Compared with a year earlier, Price to Book has declined for four straight quarters, with an average decline of 20.3% over the last four quarters.
- Per Business Quant data, LB's Price to Book in the three quarters before Q2 2026 was 6.58 (Q1 2026), 4.76 (Q4 2025) and 5.84 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.47 Bn | 21.30 Bn | - |
| 2 | Eason Technology | 6.75 Bn | 6.75 Bn | - |
| 3 | LandBridge | 6.25 Bn | 6.60 Bn | 65.71 Mn |
| 4 | Millrose Properties | 4.01 Bn | 4.01 Bn | - |
| 5 | St Joe | 3.75 Bn | 3.25 Bn | 73.42 Mn |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.85 Bn | 2.85 Bn | - |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn |
| 8 | Forestar | 1.31 Bn | -34.86 Mn | 84.10 Mn |
| 9 | Five Point Holdings | 693.74 Mn | 722.51 Mn | -23.72 Mn |
| 10 | Tejon Ranch | 438.56 Mn | 373.54 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.33 |
| Mar 31, 2026 | 6.58 |
| Dec 31, 2025 | 4.76 |
| Sep 30, 2025 | 5.84 |
| Jun 30, 2025 | 7.53 |
| Mar 31, 2025 | 8.47 |
| Dec 31, 2024 | 7.76 |
| Sep 30, 2024 | 7.08 |
API Access
LandBridge Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "LB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();