LandBridge Company LLC (LB) Financial Ratios
4 years of historical data (2022–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
36.73
↑+204% vs avg
5yr avg: 12.08
30Y Low12.1·High12.1
P/FCF
↓
39.37
-7% vs avg
5yr avg: 42.11
30Y Low13.1·High71.1
P/B Ratio
↓
2.19
↓-55% vs avg
5yr avg: 4.90
30Y Low2.0·High7.8
ROE
↑
4.3%
↑-54% vs avg
5yr avg: 9.4%
30Y Low-3%·High35%
Debt/EBITDA
↓
0.01
↓-100% vs avg
5yr avg: 6.38
30Y Low0.0·High17.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
LandBridge Company LLC trades at 57.7x earnings, 88% below its 5-year average of 474.6x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 15.6x, the stock trades at a premium of 269%. On a free-cash-flow basis, the stock trades at 39.4x P/FCF, 7% below the 5-year average of 42.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $4.8B | $1.6B | $4.7B | — | — |
| Enterprise Value | $4.8B | $1.6B | $5.1B | — | — |
| P/E Ratio → | 57.70 | 53.20 | 895.98 | — | — |
| P/S Ratio | 24.13 | 8.03 | 43.11 | — | — |
| P/B Ratio | 2.19 | 2.01 | 7.79 | — | — |
| P/FCF | 39.37 | 13.11 | 71.11 | — | — |
| P/OCF | 38.05 | 12.67 | 70.08 | — | — |
P/E links to full P/E history page with 30-year chart
LB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
LandBridge Company LLC's enterprise value stands at 36.7x EBITDA, 204% above its 5-year average of 12.1x. The Energy sector median is 7.9x, placing the stock at a 367% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 7.88 | 46.24 | — | — |
| EV / EBITDA | 36.73 | 12.08 | — | — | — |
| EV / EBIT | 40.29 | 13.75 | — | — | — |
| EV / FCF | — | 12.86 | 76.28 | — | — |
LB Profitability
Margins and return-on-capital ratios measuring operating efficiency
LandBridge Company LLC earns an operating margin of 59.5%, significantly above the Energy sector average of 13.8%. Operating margins have compressed from 96.1% to 59.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.3% is modest, trailing the sector median of 7.2%. ROIC of 10.4% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | 91.0% | 91.0% | 90.0% | 83.2% | 79.6% |
| Operating Margin | 59.5% | 59.5% | -15.0% | 96.1% | -6.2% |
| Net Profit Margin | 15.1% | 15.1% | 4.6% | 86.7% | -12.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 4.3% | 4.3% | 1.3% | 35.0% | -3.0% |
| ROA | 2.5% | 2.5% | 0.8% | 22.4% | -2.3% |
| ROIC | 10.4% | 10.4% | -2.1% | 21.6% | -1.0% |
| ROCE | 10.1% | 10.1% | -2.6% | 26.9% | -1.2% |
LB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
LandBridge Company LLC carries a Debt/EBITDA ratio of 0.0x, which is very conservative (100% below the sector average of 2.6x). The company holds a net cash position — cash of $31M exceeds total debt of $692000, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 3.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.63 | 0.85 | 0.29 |
| Debt / EBITDA | 0.01 | 0.01 | — | 1.64 | 17.49 |
| Net Debt / Equity | — | -0.04 | 0.57 | 0.60 | 0.17 |
| Net Debt / EBITDA | -0.23 | -0.23 | — | 1.16 | 10.22 |
| Debt / FCF | — | -0.25 | 5.16 | 1.81 | 2.07 |
| Interest Coverage | 3.49 | 3.49 | -0.70 | 10.06 | -0.99 |
Net cash position: cash ($31M) exceeds total debt ($692000)
LB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
LandBridge Company LLC's current ratio of 4.87x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.93x to 4.87x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 4.87 | 4.87 | 3.67 | 1.93 | 2.17 |
| Quick Ratio | 4.87 | 4.87 | 3.67 | 1.93 | 2.17 |
| Cash Ratio | 2.50 | 2.50 | 2.57 | 1.40 | 1.47 |
| Asset Turnover | — | 0.15 | 0.11 | 0.25 | 0.19 |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | 35.50 | 48.65 | 67.22 | 79.85 |
LB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LandBridge Company LLC returns 3.7% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 211.5%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 1.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | 3.7% | 4.0% | 3.8% | — | — |
| Payout Ratio | 211.5% | 211.5% | 3488.1% | 166.5% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 1.7% | 1.9% | 0.1% | — | — |
| FCF Yield | 2.5% | 7.6% | 1.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 3.7% | 4.0% | 3.8% | — | — |
| Shares Outstanding | — | $28M | $73M | $15M | $15M |
Peer Comparison
Compare LB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LBYou | $5B | 57.7 | 36.7 | 39.4 | 91.0% | 59.5% | 4.3% | 10.4% | 0.0 |
 TPL | $25B | 51.8 | 37.9 | 51.2 | 100.0% | 74.2% | 37.2% | 42.1% | 0.0 |
 VNET | $2B | -64.4 | 13.6 | — | 22.0% | 7.6% | -3.2% | 2.1% | 10.0 |
 VNOM | $16B | -90.8 | 15.0 | — | 47.9% | 43.0% | -1.0% | 5.0% | 1.8 |
 BSM | $3B | 10.8 | 10.4 | 9.9 | 74.9% | 61.8% | 26.6% | 16.1% | 0.5 |
 DMLP | $1B | 21.5 | 9.7 | 9.4 | 46.2% | 37.5% | 17.2% | 14.7% | 0.0 |
 FLNC | $3B | -68.1 | — | — | 13.1% | -2.0% | -8.4% | -15.9% | — |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 OXY | $52B | 32.3 | 6.5 | 12.6 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 FANG | $53B | 32.8 | 6.8 | 10.1 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 COP | $134B | 17.3 | 6.5 | 8.0 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
| Energy Median | — | 15.6 | 7.9 | 13.9 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 4 years · Updated daily
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LB — Frequently Asked Questions
Quick answers to the most common questions about buying LB stock.
What is LandBridge Company LLC's P/E ratio?
LandBridge Company LLC's current P/E ratio is 57.7x. The historical average is 53.2x. This places it at the 100th percentile of its historical range.
What is LandBridge Company LLC's EV/EBITDA?
LandBridge Company LLC's current EV/EBITDA is 36.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
What is LandBridge Company LLC's ROE?
LandBridge Company LLC's return on equity (ROE) is 4.3%. The historical average is 9.4%.
Is LB stock overvalued?
Based on historical data, LandBridge Company LLC is trading at a P/E of 57.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is LandBridge Company LLC's dividend yield?
LandBridge Company LLC's current dividend yield is 3.67% with a payout ratio of 211.5%.
What are LandBridge Company LLC's profit margins?
LandBridge Company LLC has 91.0% gross margin and 59.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does LandBridge Company LLC have?
LandBridge Company LLC's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.