Natural Resource Partners (NRP) Price to Book (2009 - 2026)
Natural Resource Partners (NRP) posted Price to Book of 1.98 for Q2 2026, down 22.0% on a QoQ basis from 2.53 in Q1 2026, and down 6.96% year-over-year from 2.13 in Q2 2025.
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Natural Resource Partners (NRP) Price to Book (2009 - 2026) Analysis & Trends
Natural Resource Partners has reported Price to Book for 18 years, with the latest figure at 1.98 in Q2 2026.
- On a quarterly basis, Price to Book fell 6.96% year-over-year to 1.98 in Q2 2026; TTM through Jun 2026 was 1.98, a 6.96% decrease from a year earlier, with the FY2025 full-year figure at 2.19, down 17.35% from the prior year.
- Price to Book was 1.98 for Q2 2026 at Natural Resource Partners, down from 2.53 in the prior quarter.
- The five-year high for Price to Book was 2.65 in Q4 2024, with the low at 1.31 in Q2 2022.
- Average Price to Book over 5 years is 2.01, with a median of 2.16 recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: Price to Book declined 19.45% in 2023, then soared 76.02% in 2024.
- Over 5 years, Price to Book stood at 1.44 in 2022, then surged by 57.12% to 2.26 in 2023, then gained by 17.15% to 2.65 in 2024, then declined by 17.35% to 2.19 in 2025, then dropped by 9.59% to 1.98 in 2026.
- The last three Price to Book figures came in at 1.98 (Q2 2026), 2.53 (Q1 2026), and 2.19 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Viper Energy | 15.81 Bn | 20.98 Bn | - |
| 2 | Black Stone Minerals | 3.12 Bn | 3.11 Bn | - |
| 3 | Natural Resource Partners | 1.51 Bn | 1.48 Bn | 47.24 Mn |
| 4 | Kimbell Royalty Partners | 1.50 Bn | 1.46 Bn | - |
| 5 | Dorchester Minerals | 1.43 Bn | 1.36 Bn | - |
| 6 | Evolution Petroleum | 131.82 Mn | 126.78 Mn | 7.21 Mn |
| 7 | Altex Industries | 1.90 Mn | 1.90 Mn | - |
| 8 | Mentor Capital | 827,678.86 | 91,860.86 | 65,595.00 |
| 9 | Leopard Energy | 165,479.20 | 149,827.20 | 1,715.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.98 |
| Mar 31, 2026 | 2.53 |
| Dec 31, 2025 | 2.19 |
| Sep 30, 2025 | 2.26 |
| Jun 30, 2025 | 2.13 |
| Mar 31, 2025 | 2.42 |
| Dec 31, 2024 | 2.65 |
| Sep 30, 2024 | 2.47 |
| Jun 30, 2024 | 2.35 |
| Mar 31, 2024 | 2.46 |
| Dec 31, 2023 | 2.26 |
| Sep 30, 2023 | 1.98 |
| Jun 30, 2023 | 1.33 |
| Mar 31, 2023 | 1.40 |
| Dec 31, 2022 | 1.44 |
| Sep 30, 2022 | 1.34 |
| Jun 30, 2022 | 1.31 |
| Mar 31, 2022 | 1.74 |
| Dec 31, 2021 | 1.63 |
| Sep 30, 2021 | 1.29 |