Kimbell Royalty Partners LP (STU:0R3) Cyclically Adjusted PB Ratio: 1.10 (As of Aug. 21, 2026) — Near Median

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STU:0R3 Kimbell Royalty Partners LP STU:0R3
75 GF Score
Price €12.97
GF Value €13.66
Valuation Fairly Valued
! 7 Warning Signs
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What is Kimbell Royalty Partners LP Cyclically Adjusted PB Ratio?

Kimbell Royalty Partners LP STU:0R3 +0.93% 75 Cyclically Adjusted PB Ratio is 1.10 as of Aug. 21, 2026, which is 3% above its 10-year median of 1.07. GuruFocus rates STU:0R3 with a GF Score™ of 75/100 and a GF Value™ of €13.66 (Fairly Valued). The stock has 7 warning signs investors should review. Among 757 Oil & Gas companies, Kimbell Royalty Partners LP ranks better than 53.5% on this metric.

As of today (2026-08-21), Kimbell Royalty Partners LP's current share price is €12.968. Kimbell Royalty Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €11.80. Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio for today is 1.10.

The historical rank and industry rank for Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:0R3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.07   Max: 1.15
Current: 1.12

During the past years, Kimbell Royalty Partners LP's highest Cyclically Adjusted PB Ratio was 1.15. The lowest was 0.86. And the median was 1.07.

STU:0R3's Cyclically Adjusted PB Ratio is ranked better than
53.5% of 757 companies
in the Oil & Gas industry
Industry Median: 1.21 vs STU:0R3: 1.12

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Kimbell Royalty Partners LP's adjusted book value per share data for the three months ended in Jun. 2026 was €6.467. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €11.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kimbell Royalty Partners LP  (STU:0R3) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Kimbell Royalty Partners LP Cyclically Adjusted PB Ratio Related Terms


Kimbell Royalty Partners LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio 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.

Kimbell Royalty Partners LP Cyclically Adjusted PB Ratio Chart

Kimbell Royalty Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.88

Kimbell Royalty Partners LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.07 1.02 0.88 1.07 1.08

STU:0R3 vs KOS, DMLP, TBN: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


Kimbell Royalty Partners LP Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio falls into.


STU:0R3
75GF Score
Kimbell Royalty Partners LP STU:0R3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kimbell Royalty Partners LP Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.968/11.80
=1.10

* 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.

Kimbell Royalty Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Kimbell Royalty Partners LP's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.467/333.9520*333.9520
=6.467

Current CPI (Jun. 2026) = 333.9520.

Kimbell Royalty Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.473 241.428 0.654
201612 0.501 241.432 0.693
201703 15.666 243.801 21.459
201706 14.583 244.955 19.881
201709 13.512 246.819 18.282
201712 13.413 246.524 18.170
201803 9.820 249.554 13.141
201806 10.110 251.989 13.398
201809 19.462 252.439 25.746
201812 18.024 251.233 23.958
201903 16.898 254.202 22.199
201906 15.716 256.143 20.490
201909 16.079 256.759 20.913
201912 13.728 256.974 17.840
202003 10.770 258.115 13.934
202006 9.011 257.797 11.673
202009 8.025 260.280 10.296
202012 6.364 260.474 8.159
202103 6.243 264.877 7.871
202106 6.378 271.696 7.839
202109 5.780 274.310 7.037
202112 6.185 278.802 7.408
202203 7.332 287.504 8.517
202206 7.849 296.311 8.846
202209 8.552 296.808 9.622
202212 8.856 296.797 9.965
202303 8.529 301.836 9.437
202306 8.415 305.109 9.210
202309 12.817 307.789 13.906
202312 10.819 306.746 11.779
202403 11.785 312.332 12.601
202406 11.910 314.175 12.660
202409 9.432 315.301 9.990
202412 9.202 315.605 9.737
202503 9.026 319.799 9.425
202506 6.638 322.561 6.872
202509 6.389 324.800 6.569
202512 6.315 324.054 6.508
202603 5.940 330.213 6.007
202606 6.467 333.952 6.467

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.10 mean?
Kimbell Royalty Partners LP (STU:0R3) has a Cyclically Adjusted PB Ratio of 1.10 as of Aug. 21, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kimbell Royalty Partners LP and its competitors. This is near median its historical median of 1.07. Over the past decade, Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio has ranged from 0.86 to 1.15. According to the industry distribution chart, Kimbell Royalty Partners LP ranks #352 out of 757 companies in the Oil & Gas industry, placing it in the top 46.5%.
Is Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio too high?
Kimbell Royalty Partners LP's current Cyclically Adjusted PB Ratio of 1.10 is near median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 1.15. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.21. Kimbell Royalty Partners LP's value of 1.10 is 9.1% below this industry median. Based on the distribution chart, Kimbell Royalty Partners LP ranks #352 out of 757 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Kimbell Royalty Partners LP has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kimbell Royalty Partners LP's Cyclically Adjusted PB Ratio compare to KOS and DMLP?
According to the Oil & Gas industry distribution chart, Kimbell Royalty Partners LP ranks #352 out of 757 companies for Cyclically Adjusted PB Ratio. This puts Kimbell Royalty Partners LP in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Kimbell Royalty Partners LP's value of 1.10 is 9.1% below this benchmark. Historically, Kimbell Royalty Partners LP's own Cyclically Adjusted PB Ratio has ranged from 0.86 to 1.15 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 1.21, Kimbell Royalty Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.21, based on 757 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kimbell Royalty Partners LP's current Cyclically Adjusted PB Ratio of 1.10 is 9.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Kimbell Royalty Partners LP and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kimbell Royalty Partners LP's current Cyclically Adjusted PB Ratio is 1.10, which is near median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kimbell Royalty Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Kimbell Royalty Partners LP (STU:0R3) is currently considered Fairly Valued. The stock's GF Value™ is €13.66, compared to a current price of €12.97 — trading 5.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is near median its 10-year median of 1.07 and 9.1% below the Oil & Gas industry median of 1.21. Kimbell Royalty Partners LP's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Kimbell Royalty Partners LP (STU:0R3), the current Cyclically Adjusted PB Ratio is 1.10 as of Aug. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kimbell Royalty Partners LP (STU:0R3) Overvalued in 2026?

Based on GuruFocus' analysis, Kimbell Royalty Partners LP stock appears to be undervalued. The current stock price of €12.97 is trading 5.1% below its estimated GF Value™ of €13.66. GuruFocus considers Kimbell Royalty Partners LP to be Fairly Valued.

Key valuation signals for STU:0R3:

  • Cyclically Adjusted PB Ratio: 1.10 (near median its 10-year median of 1.07)
  • GF Value™: €13.66 vs. price of €12.97 (5.1% below fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 9.1% below the Oil & Gas median (#352 of 757)

No single metric tells the full story. See the STU:0R3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kimbell Royalty Partners LP Business Description

Industry EnergyOil & Gas
Other Exchanges KRP:USA0R3:Germany
Address 777 Taylor Street, Suite 810, Fort Worth, TX, USA, 76102
Kimbell Royalty Partners LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. The company's basins and producing regions include areas of interest in the Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Appalachian Basin, Eagle Ford, Bakken/Williston Basin, and DJ Basin/Rockies/Niobrara. Its revenues are derived from royalty payments received from operators based on the sale of oil, natural gas and NGL production, as well as the sale of NGLs that are extracted from natural gas during processing.
75GF Score

Get the complete analysis for STU:0R3

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€12.97
Price
€13.66
GF Value