Using the industry peer median P/E multiple (trailing + forward), Texas Pacific Land Corporation (TPL) has a fair value of $100.64 based on 4 comparable companies in the Oil & Gas Exploration & Production industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Texas Pacific Land CorporationTPL | 36,355 | 75.6x | 80.3x |
| Halliburton CompanyHAL | 33,093 | 26.2x | 17.7x |
| Devon Energy CorporationDVN | 31,863 | 12.2x | 14.1x |
| Coterra Energy Inc.CTRA | 27,228 | 15.9x | 14.6x |
| Expand Energy CorporationEXE | 27,022 | 14.8x | 12.5x |
| Industry Median | 15.4x | 14.3x | |
| (*) Profit after tax | 481 | 453 | |
| Equity Value | 7,410 | 6,484 | |
| (/) Outstanding shares | 69 | 69 | |
| Fair Price | $107 | $94 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.