Texas Pacific Land (TPL) Price to Book (2019 - 2026)
Texas Pacific Land's (TPL) quarterly Price to Book came in at 18.05 in Q2 2026, down 4.19% year-over-year from 18.84 in Q2 2025, and down 14.2% quarter-over-quarter from 21.04 in Q1 2026.
Analysis
Texas Pacific Land (TPL) Price to Book (2019 - 2026) Analysis & Trends
Texas Pacific Land (TPL) has reported Price to Book for 8 consecutive years, with 18.05 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Book fell 4.19% year-over-year to 18.05 in Q2 2026; TTM through Jun 2026 was 18.05, a 4.19% decrease from a year earlier, with the FY2025 full-year figure at 13.57, down 39.5% from the prior year.
- Price to Book was 18.05 for Q2 2026 at Texas Pacific Land, down from 21.04 in the prior quarter.
- Over five years, Price to Book peaked at 25.25 in Q1 2025 and troughed at 11.39 in Q2 2023.
- A 5-year average of 17.1 and a median of 16.8 in 2023 frame the typical range for Price to Book.
- Across the five-year window, Price to Book slumped 50.47% in 2023 and jumped 113.06% in 2025, its largest moves.
- Over 5 years, Price to Book stood at 23.34 in 2022, then tumbled by 50.47% to 11.56 in 2023, then surged by 94.06% to 22.43 in 2024, then plunged by 39.5% to 13.57 in 2025, then soared by 32.99% to 18.05 in 2026.
- The last three Price to Book figures came in at 18.05 (Q2 2026), 21.04 (Q1 2026), and 13.57 (Q4 2025), per Business Quant data.
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 | 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 |