Texas Pacific Land (TPL) Price to Book (2019 - 2026)
Texas Pacific Land's Price to Book was 18.05 in Q2 2026, down 4.2% from 18.84 a year earlier and down 14.2% from the prior quarter.
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Analysis
Texas Pacific Land (TPL) Price to Book (2019 - 2026) Analysis & Trends
For FY2025, Price to Book at Texas Pacific Land came in at 13.57, down 39.5% from FY2024.
- In earlier years, Price to Book was 22.43 in FY2024 (+94.1%), 11.56 in FY2023 (-50.5%), 23.34 in FY2022 (+57.3%) and 14.84 in FY2021 (+27.7%).
- Quarterly Price to Book has moved between 11.39 (Q2 2023) and 25.25 (Q1 2025) over five years.
- Compared with a year earlier, Price to Book has declined for four straight quarters, with growth averaging 24.5% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was Q3 2021 (growth of 131.1%); the worst was Q4 2023 (a decline of 50.5%).
- Per Business Quant data, TPL's Price to Book in the three quarters before Q2 2026 was 21.04 (Q1 2026), 13.57 (Q4 2025) and 15.68 (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 | 18.05 |
| Mar 31, 2026 | 21.04 |
| Dec 31, 2025 | 13.57 |
| Sep 30, 2025 | 15.68 |
| Jun 30, 2025 | 18.84 |
| Mar 31, 2025 | 25.25 |
| Dec 31, 2024 | 22.43 |
| Sep 30, 2024 | 19.32 |
| Jun 30, 2024 | 13.99 |
| Mar 31, 2024 | 11.85 |
| Dec 31, 2023 | 11.56 |
| Sep 30, 2023 | 14.51 |
| Jun 30, 2023 | 11.39 |
| Mar 31, 2023 | 15.78 |
| Dec 31, 2022 | 23.34 |
| Sep 30, 2022 | 19.00 |
| Jun 30, 2022 | 17.82 |
| Mar 31, 2022 | 14.39 |
| Dec 31, 2021 | 14.84 |
| Sep 30, 2021 | 15.59 |
API Access
Texas Pacific Land 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=TPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "TPL", "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=TPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();