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As of today (2024-04-28), Texas Pacific Land's current share price is $595.67. Texas Pacific Land's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $15.43. Texas Pacific Land's Cyclically Adjusted PS Ratio for today is 38.60.
The historical rank and industry rank for Texas Pacific Land's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, Texas Pacific Land's highest Cyclically Adjusted PS Ratio was 105.32. The lowest was 21.23. And the median was 47.37.
TPL's Cyclically Adjusted PS Ratio is ranked worse thanThe 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Texas Pacific Land's adjusted revenue per share data for the three months ended in Dec. 2023 was $7.239. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $15.43 for the trailing ten years ended in Dec. 2023.
The historical data trend for Texas Pacific Land's Cyclically Adjusted PS 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.
Texas Pacific Land Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | 62.58 | 42.64 | 31.15 | 41.01 | 33.97 |
For the Oil & Gas E&P subindustry, Texas Pacific Land's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
For the Oil & Gas industry and Energy sector, Texas Pacific Land's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Texas Pacific Land's Cyclically Adjusted PS Ratio falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
Texas Pacific Land's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 595.67 | / | 15.43 | |
= | 38.60 |
* 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.
Texas Pacific Land's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Texas Pacific Land's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:
Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 7.239 | / | 129.4194 | * | 129.4194 | |
= | 7.239 |
Current CPI (Dec. 2023) = 129.4194.
Texas Pacific Land Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201403 | 0.457 | 99.695 | 0.593 |
201406 | 0.615 | 100.560 | 0.792 |
201409 | 0.585 | 100.428 | 0.754 |
201412 | 0.532 | 99.070 | 0.695 |
201503 | 1.395 | 99.621 | 1.812 |
201506 | 0.477 | 100.684 | 0.613 |
201509 | 0.740 | 100.392 | 0.954 |
201512 | 0.604 | 99.792 | 0.783 |
201603 | 0.490 | 100.470 | 0.631 |
201606 | 0.671 | 101.688 | 0.854 |
201609 | 0.596 | 101.861 | 0.757 |
201612 | 1.005 | 101.863 | 1.277 |
201703 | 1.280 | 102.862 | 1.610 |
201706 | 1.366 | 103.349 | 1.711 |
201709 | 2.207 | 104.136 | 2.743 |
201712 | 1.707 | 104.011 | 2.124 |
201803 | 2.558 | 105.290 | 3.144 |
201806 | 3.155 | 106.317 | 3.841 |
201809 | 3.132 | 106.507 | 3.806 |
201812 | 4.005 | 105.998 | 4.890 |
201903 | 8.219 | 107.251 | 9.918 |
201906 | 3.752 | 108.070 | 4.493 |
201909 | 4.235 | 108.329 | 5.059 |
201912 | 4.871 | 108.420 | 5.814 |
202003 | 4.151 | 108.902 | 4.933 |
202006 | 2.462 | 108.767 | 2.929 |
202009 | 3.197 | 109.815 | 3.768 |
202012 | 3.193 | 109.897 | 3.760 |
202103 | 3.617 | 111.754 | 4.189 |
202106 | 4.123 | 114.631 | 4.655 |
202109 | 5.319 | 115.734 | 5.948 |
202112 | 6.334 | 117.630 | 6.969 |
202203 | 6.343 | 121.301 | 6.768 |
202206 | 7.594 | 125.017 | 7.861 |
202209 | 8.251 | 125.227 | 8.527 |
202212 | 6.605 | 125.222 | 6.826 |
202303 | 6.337 | 127.348 | 6.440 |
202306 | 6.961 | 128.729 | 6.998 |
202309 | 6.855 | 129.860 | 6.832 |
202312 | 7.239 | 129.419 | 7.239 |
Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Thank you for viewing the detailed overview of Texas Pacific Land's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Murray Stahl | director | C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016 |
Horizon Kinetics Asset Management Llc | 10 percent owner | 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016 |
Rhys J Best | director | MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010 |
Donald G Cook | director | 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Micheal W. Dobbs | officer: Senior VP, Secretory + GC | 1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201 |
Karl F Kurz | director | DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102 |
Stephanie Buffington | officer: Chief Accounting Officer | |
Dana F. Mcginnis | director | 112 E PECAN STREET, SUITE 1425, SAN ANTONIO TX 78025 |
Barbara J Duganier | director | 6 CARLTON PARK COURT, HOUSTON TX 77024-7316 |
Norris John R Iii | director | 3811 TURTLE CREEK BLVD #400, C/O CALOWAY NORRIS & BURDETTE, DALLAS TX 75219 |
Donna E Epps | director | 11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097 |
Eric L Oliver | director | 303 W WALL, SUITE 1700, MIDLAND TX 79701 |
Chris Steddum | officer: Chief Financial Officer | 1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201 |
Tyler Glover | director, officer: President & CEO | 1700 PACIFIC AVENUE, SUITE 2770, C/O TEXAS PACIFIC LAND TRUST, DALLAS TX 75201 |
David E. Barry | director | C/O SIDRA REAL ESTATE, INC., TWO RIVERWAY, SUITE 1010, HOUSTON TX 77056 |
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