Question 1

What is Texas Pacific Land's EV/EBITDA ratio?

Accepted Answer

Texas Pacific Land (TPL) EV/EBITDA ratio is 42.5× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Texas Pacific Land?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Texas Pacific Land specifically, the relevant sector benchmark is the current sector median of 9.9×.

Question 5

Is Texas Pacific Land's EV/EBITDA ratio high or low?

Accepted Answer

Texas Pacific Land's EV/EBITDA ratio of 42.5× is above its own 5-year average of 30.3× and above the sector median of 9.9×. That places the current reading at the 83th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Texas Pacific Land's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Texas Pacific Land (TPL) EV/EBITDA ratio has ranged from a low of 5.0× in 2012 to a high of 138.2× in 2007. The 5-year average is 30.3× and the 5-year median is 28.4×.

Question 7

What was Texas Pacific Land's EV/EBITDA ratio in 2025?

Accepted Answer

Texas Pacific Land (TPL) EV/EBITDA ratio at the end of 2025 was 29.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Texas Pacific Land's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$19.8B	$665M	29.6×	-12.8×	Dec 31, 2025
2024	$25.5B	$591M	42.5×	+20.8×	Dec 31, 2024
2023	$12.1B	$525M	21.6×	-8.6×	Dec 31, 2023
2022	$18.1B	$580M	30.2×	+5.9×	Dec 31, 2022
2021	$9.67B	$380M	24.4×	+1.2×	Dec 31, 2021
2020	$5.64B	$232M	23.1×	+9.0×	Dec 31, 2020
2019	$6.06B	$408M	14.1×	-1.4×	Dec 31, 2019
2018	$4.21B	$263M	15.5×	-12.9×	Dec 31, 2018
2017	$3.5B	$120M	28.4×	-13.4×	Dec 31, 2017
2016	$2.36B	$55.1M	41.8×	+28.3×	Dec 31, 2016
2015	$1.07B	$75.3M	13.6×	-5.1×	Dec 31, 2015
2014	$986M	$51.4M	18.6×	-2.2×	Dec 31, 2014
2013	$852M	$40.1M	20.9×	+15.9×	Dec 31, 2013
2012	$158M	$29.9M	5.0×	-31.5×	Dec 31, 2012
2011	$1.11B	$30.1M	36.5×	-26.3×	Dec 31, 2011
2010	$1.04B	$16.4M	62.9×	-24.9×	Dec 31, 2010
2009	$889M	$10M	87.8×	+43.2×	Dec 31, 2009
2008	$706M	$15.6M	44.6×	-76.2×	Dec 31, 2008
2007	$1.4B	$11.5M	120.8×	+36.9×	Dec 31, 2007
2006	$1.38B	$16.4M	83.9×	+11.3×	Dec 31, 2006
2005	$960M	$13.1M	72.6×	+37.3×	Dec 31, 2005
2004	$883M	$24.9M	35.2×	-13.6×	Dec 31, 2004
2003	$378M	$7.65M	48.9×	+10.2×	Dec 31, 2003
2002	$280M	$7.14M	38.7×	—	Dec 31, 2002


Enphase Energy (ENPH)	20.4×
Enbridge (ENB)	17.4×
Williams Companies (WMB)	16.7×
Targa Resources (TRGP)	14.7×
Diamondback Energy (FANG)	12.9×
Baker Hughes (BKR)	12.1×
SLB (SLB)	11.6×
ONEOK (OKE)	11.5×
Chevron (CVX)	10.8×
Phillips 66 (PSX)	10.4×
NACCO Industries (NC)	9.9×
Energy Transfer LP (ET)	9.3×
Halliburton (HAL)	8.9×
Valero Energy (VLO)	8.7×
Marathon Petroleum (MPC)	8.5×
National Fuel Gas (NFG)	7.3×
ConocoPhillips (COP)	7.3×
EOG Resources (EOG)	6.7×
Occidental Petroleum (OXY)	6.6×
Devon Energy (DVN)	5.4×
Expand Energy (EXE)	4.0×
APA (APA)	3.4×

EV/EBITDA for Texas Pacific Land (TPL) 2002-2026

EV/EBITDA daily chart for Texas Pacific Land (TPL)

Historical EV/EBITDA for Texas Pacific Land (TPL) from 2002 to 2025

About EV/EBITDA at Texas Pacific Land (TPL)

Texas Pacific Land EV/EBITDA by Year

Texas Pacific Land EV/EBITDA 2025: 29.6×

Texas Pacific Land EV/EBITDA 2024: 42.5×

Texas Pacific Land EV/EBITDA 2023: 21.6×

Texas Pacific Land EV/EBITDA 2022: 30.2×

Texas Pacific Land EV/EBITDA 2021: 24.4×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Texas Pacific Land (TPL) Key Financials