TPL Historical PE Ratio Notes

— Texas Pacific Land (TPL) is one of the largest landowners in Texas, with its core business centered around managing, leasing, and monetizing vast tracts of land primarily in the oil-rich Permian Basin. TPL earns royalties on oil & gas production, leases land for exploration, collects fees for water sales & rights-of-way, and benefits from appreciating land values. This asset-light, royalty-driven model means earnings are closely tied to commodity cycles, energy demand, and drilling activity on its properties, so TPL's earnings can be highly volatile, rising significantly in boom energy years and shrinking during downturns. As you review historical P/E ratios, keep in mind that spikes or drops may not necessarily reflect changes in TPL's operational efficiency, but rather swings in oil & gas prices and broader energy sector trends. The market has historically valued TPL with P/E ratios that compress during high-earnings periods (often from peak oil prices) and expand during low-earnings periods, which is common for commodity royalty businesses. In short, understanding TPL's historical P/E ratio requires viewing its earnings in the context of the energy market cycles underlying its revenue streams.

On this page we presented the Texas Pacific Land Historical PE Ratio information for Texas Pacific Land' stock. The average TPL historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 36.7. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average TPL historical PE based on this TTM earnings result method is 39.1.

Let's now compare this TPL historical PE result, against the recent PE: when this page was posted on 5/14/2026, the most recent closing price for TPL had been 388.50, and the most recent quarterly earnings result, annualized, was 8.28. Meanwhile, the most recent TTM earnings summed to 7.3. From these numbers, we calculate the recent TPL PE on 5/14/2026 based on annualized quarterly EPS was 46.9. Based on TPL's history, that recent PE is elevated relative to the historical average, with the recent PE 27.8% higher than the historical average PE across our data set for Texas Pacific Land. Looking at the recent TPL PE on 5/14/2026 based on TTM EPS, we calculate the ratio at 53.2. Based on TPL's history, that recent PE is elevated relative to the historical average, with the recent PE 36.1% higher than the historical average PE across our Texas Pacific Land data set with TTM EPS used in the calculation at each period.

Another interesting TPL historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for TPL, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for TPL, we start with the past four EPS numbers and we first sort them from lowest to highest: 1.68, 1.76, 1.79, and 2.07. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 1.76 and 1.79 — which gives us the median of 1.77. Basically the way to think about this 1.77 number is this: for the trailing four earnings reports, 1.77 marks the "middle ground" number where TPL has reported a value higher than 1.77 half the time, and has reported a value lower than 1.77 half the time. Annualizing that median value then gets us to 7.08/share, which we use as the denominator in our next PE calculation. With 388.50 as the numerator (as of 5/14/2026), the calculation is then 388.50 / 7.08 = 54.9 as the TPL PE ratio as of 5/14/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on TPL or any other given stock, valuation analysis for TPL can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Texas Pacific Land PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for TPL. Thanks for visiting, and the next time you need to research TPL Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.