Texas Pacific Land (TPL) Price to Book (2019 - 2026)
Texas Pacific Land's Price to Book was 12.47 in Q3 2026, down 20.5% from 15.68 a year earlier and down 30.9% from the prior quarter.
Powered by 
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%).
- The Q3 2026 figure marks the lowest quarterly Price to Book since Q1 2024.
- Compared with a year earlier, Price to Book has declined for five straight quarters, with growth averaging 17.8% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was Q1 2025 (growth of 113.1%); the worst was Q4 2023 (a decline of 50.5%).
- Per Business Quant data, TPL's Price to Book in the three quarters before Q3 2026 was 18.05 (Q2 2026), 21.04 (Q1 2026) and 13.57 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Texas Pacific Land | 20.13 Bn | 19.12 Bn | 106.12 Mn |
| 2 | LandBridge | 5.63 Bn | 5.99 Bn | 69.80 Mn |
| 3 | Howard Hughes Holdings | 4.96 Bn | -3.82 Bn | 435.75 Mn |
| 4 | Millrose Properties | 3.99 Bn | 3.81 Bn | - |
| 5 | St Joe | 3.98 Bn | 3.49 Bn | 80.65 Mn |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.31 Bn | 2.12 Bn | - |
| 7 | EagleRock Land | 2.77 Bn | 4.07 Bn | 39.50 Mn |
| 8 | Forestar | 1.14 Bn | 1.14 Bn | - |
| 9 | Opendoor Technologies | 1.11 Bn | -2.66 Bn | 38.00 Mn |
| 10 | Five Point Holdings | 664.60 Mn | 682.31 Mn | 7.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.47 |
| 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 |
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();