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Texas Pacific LandTPL -1.44%90 Earnings Yield (Joel Greenblatt) % is 1.99% as of Mar. 2026, which is 45% below its 10-year median of 3.64. GuruFocus rates TPL with a GF Score™ of 90/100 and a GF Value™ of $375.88 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,032 Oil & Gas companies, Texas Pacific Land ranks worse than 60.27% on this metric.
Texas Pacific Land's Enterprise Value for the quarter that ended in Mar. 2026 was $32,500.6 Mil.
Texas Pacific Land's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $645.5 Mil. Texas Pacific Land's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 1.99%.
The historical rank and industry rank for Texas Pacific Land's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.35 Med: 3.64 Max: 16.4
Current: 2.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Texas Pacific Land was 16.40%. The lowest was 1.35%. And the median was 3.64%.
TPL's Earnings Yield (Joel Greenblatt) % is ranked worse than 60.27% of 1032
companies
in the Oil & Gas industry
Industry Median: 4.795
vs TPL: 2.25
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Texas Pacific Land's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 18.58%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Texas Pacific Land (NYSE:TPL) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Texas Pacific Land Earnings Yield (Joel Greenblatt) % Related Terms
Texas Pacific Land Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Texas Pacific Land's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas E&P subindustry, Texas Pacific Land's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
Texas Pacific Land Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Texas Pacific Land's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Texas Pacific Land's Earnings Yield (Joel Greenblatt) % falls into.
Texas Pacific Land Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Texas Pacific Lands Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Texas Pacific Land's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $645.5 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 1.99% mean?
Texas Pacific Land (TPL) has a Earnings Yield (Joel Greenblatt) % of 1.99% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Texas Pacific Land and its competitors. This is 45% below median its historical median of 3.64. Over the past decade, Texas Pacific Land's Earnings Yield (Joel Greenblatt) % has ranged from 1.35 to 16.40. According to the industry distribution chart, Texas Pacific Land ranks #622 out of 1032 companies in the Oil & Gas industry, placing it in the top 60.3%.
Is Texas Pacific Land's Earnings Yield (Joel Greenblatt) % too high?
Texas Pacific Land's current Earnings Yield (Joel Greenblatt) % of 1.99% is 45% below median its 10-year median of 3.64. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 16.40. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 4.80. Texas Pacific Land's value of 1.99% is 58.5% below this industry median. Based on the distribution chart, Texas Pacific Land ranks #622 out of 1032 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Texas Pacific Land has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texas Pacific Land's Earnings Yield (Joel Greenblatt) % compare to EQT and EXE?
According to the Oil & Gas industry distribution chart, Texas Pacific Land ranks #622 out of 1032 companies for Earnings Yield (Joel Greenblatt) %. This places Texas Pacific Land in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.80. Texas Pacific Land's value of 1.99% is 58.5% below this benchmark. Historically, Texas Pacific Land's own Earnings Yield (Joel Greenblatt) % has ranged from 1.35 to 16.40 over the past decade. While the company's 10-year median is 3.64 vs. the industry median of 4.80, Texas Pacific Land 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 Earnings Yield (Joel Greenblatt) % for an Oil & Gas company?
The median Earnings Yield (Joel Greenblatt) % among Oil & Gas companies is 4.80, based on 1,032 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Texas Pacific Land's current Earnings Yield (Joel Greenblatt) % of 1.99% is 58.5% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Texas Pacific Land and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texas Pacific Land's current Earnings Yield (Joel Greenblatt) % is 1.99%, which is 45% below median its own 10-year median of 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Pacific Land stock overvalued right now?
Based on GuruFocus' analysis, Texas Pacific Land (TPL) is currently considered Modestly Overvalued. The stock's GF Value™ is $375.88, compared to a current price of $419.44 — trading 11.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 1.99%, which is 45% below median its 10-year median of 3.64 and 58.5% below the Oil & Gas industry median of 4.80. Texas Pacific Land's overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Texas Pacific Land (TPL), the current Earnings Yield (Joel Greenblatt) % is 1.99% as of Mar. 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 Texas Pacific Land (TPL) Overvalued in 2026?
Based on GuruFocus' analysis, Texas Pacific Land stock appears to be overvalued.
The current stock price of $419.44 is trading 11.6% above its estimated GF Value™ of $375.88.
GuruFocus considers Texas Pacific Land to be Modestly Overvalued.
Key valuation signals for TPL:
Earnings Yield (Joel Greenblatt) %: 1.99% (45% below median its 10-year median of 3.64)
GF Value™: $375.88 vs. price of $419.44 (11.6% above fair value)
Industry Position: 58.5% below the Oil & Gas median (#622 of 1032)
No single metric tells the full story. See the TPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texas Pacific Land Corp is mainly engaged in the sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. The group operates its business in two reportable segments: Land and Resource Management and Water Service and Operations. The Land and Resource Management segment, which generates maximum revenue, focuses on managing its several surface acres of land and its oil and gas royalty interests, principally concentrated in the Permian Basin. The revenue streams of this segment consist of royalties from oil and gas, revenues from easements and commercial leases, and land and material sales. The Water Services and Operations segment encompasses the business of providing a full-service water offering to operators in the Permian Basin.
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