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LB (LandBridge Co LLC) Piotroski F-Score : N/A (As of Jul. 22, 2025)


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What is LandBridge Co LLC Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

LandBridge Co LLC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for LandBridge Co LLC's Piotroski F-Score or its related term are showing as below:

During the past 3 years, the highest Piotroski F-Score of LandBridge Co LLC was 5. The lowest was 5. And the median was 5.


LandBridge Co LLC Piotroski F-Score Historical Data

The historical data trend for LandBridge Co LLC's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LandBridge Co LLC Piotroski F-Score Chart

LandBridge Co LLC Annual Data
Trend Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 5.00

LandBridge Co LLC Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A 5.00 N/A

Competitive Comparison of LandBridge Co LLC's Piotroski F-Score

For the Oil & Gas Equipment & Services subindustry, LandBridge Co LLC's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


LandBridge Co LLC's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, LandBridge Co LLC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where LandBridge Co LLC's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was -57.653 + 2.656 + 2.454 + 6.464 = $-46.1 Mil.
Cash Flow from Operations was 16.043 + 7.45 + 26.928 + 15.913 = $66.3 Mil.
Revenue was 25.953 + 28.487 + 36.499 + 43.951 = $134.9 Mil.
Gross Profit was 23.198 + 26.026 + 33.544 + 40.892 = $123.7 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(636.985 + 710.463 + 689.888 + 1003.474 + 1008.1) / 5 = $809.782 Mil.
Total Assets at the begining of this year (Mar24) was $637.0 Mil.
Long-Term Debt & Capital Lease Obligation was $375.5 Mil.
Total Current Assets was $43.6 Mil.
Total Current Liabilities was $11.8 Mil.
Net Income was 44.664 + 16.633 + 2.522 + 10.776 = $74.6 Mil.

Revenue was 21.722 + 17.799 + 17.457 + 19.014 = $76.0 Mil.
Gross Profit was 18.614 + 14.234 + 14.727 + 16.196 = $63.8 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(0 + 0 + 269.336 + 288.949 + 636.985) / 5 = $398.42333333 Mil.
Total Assets at the begining of last year (Mar23) was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $260.2 Mil.
Total Current Assets was $16.4 Mil.
Total Current Liabilities was $40.2 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

LandBridge Co LLC's current Net Income (TTM) was -46.1. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

LandBridge Co LLC's current Cash Flow from Operations (TTM) was 66.3. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=-46.079/636.985
=-0.07233922

ROA (Last Year)=Net Income/Total Assets (Mar23)
=74.595/0
=

LandBridge Co LLC's return on assets of this year was -0.07233922. LandBridge Co LLC's return on assets of last year was . ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

LandBridge Co LLC's current Net Income (TTM) was -46.1. LandBridge Co LLC's current Cash Flow from Operations (TTM) was 66.3. ==> 66.3 > -46.1 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=375.467/809.782
=0.46366429

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=260.233/398.42333333
=0.65315703

LandBridge Co LLC's gearing of this year was 0.46366429. LandBridge Co LLC's gearing of last year was 0.65315703. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=43.594/11.794
=3.69628625

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=16.38/40.211
=0.40735122

LandBridge Co LLC's current ratio of this year was 3.69628625. LandBridge Co LLC's current ratio of last year was 0.40735122. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

LandBridge Co LLC's number of shares in issue this year was 76.465. LandBridge Co LLC's number of shares in issue last year was 14.5. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=123.66/134.89
=0.91674698

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=63.771/75.992
=0.83918044

LandBridge Co LLC's gross margin of this year was 0.91674698. LandBridge Co LLC's gross margin of last year was 0.83918044. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=134.89/636.985
=0.21176323

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=75.992/0
=

LandBridge Co LLC's asset turnover of this year was 0.21176323. LandBridge Co LLC's asset turnover of last year was . ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+1+1+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

LandBridge Co LLC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

LandBridge Co LLC  (NYSE:LB) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


LandBridge Co LLC Piotroski F-Score Related Terms

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LandBridge Co LLC Business Description

Traded in Other Exchanges
N/A
Address
5555 San Felipe Street, Suite 1200, Houston, TX, USA, 77056
LandBridge Co LLC is engaged in managing land and resources to support and promote oil and natural gas development. It generates revenue streams from the use of its surface acreage, the sale of resources from land and oil and gas royalties.