NRP (Natural Resources Partners LP) EV-to-OCF: 9.33 (As of Aug. 28, 2026) — 44% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NRP Natural Resources Partners LP NRP
62 GF Score
Price $112.72
GF Value $84.78
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Natural Resources Partners LP EV-to-OCF?

Natural Resources Partners LP NRP +2.18% 62 EV-to-OCF is 9.33 as of Aug. 28, 2026, which is 44% above its 10-year median of 6.47. GuruFocus rates NRP with a GF Score™ of 62/100 and a GF Value™ of $84.78 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 186 Other Energy Sources companies, Natural Resources Partners LP ranks worse than 70.43% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Natural Resources Partners LP's Enterprise Value is $1,490.8 Mil. Natural Resources Partners LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $159.8 Mil. Therefore, Natural Resources Partners LP's EV-to-OCF for today is 9.33.

The historical rank and industry rank for Natural Resources Partners LP's EV-to-OCF or its related term are showing as below:

NRP' s EV-to-OCF Range Over the Past 10 Years
Min: 3.38   Med: 6.47   Max: 15.24
Current: 9.33

During the past 13 years, the highest EV-to-OCF of Natural Resources Partners LP was 15.24. The lowest was 3.38. And the median was 6.47.

NRP's EV-to-OCF is ranked worse than
70.43% of 186 companies
in the Other Energy Sources industry
Industry Median: 1.7 vs NRP: 9.33

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-28), Natural Resources Partners LP's stock price is $112.72. Natural Resources Partners LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $7.840. Therefore, Natural Resources Partners LP's PE Ratio (TTM) for today is 14.38.


Natural Resources Partners LP  (NYSE:NRP) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Natural Resources Partners LP's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=112.72/7.840
=14.38

Natural Resources Partners LP's share price for today is $112.72.
Natural Resources Partners LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.840.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Natural Resources Partners LP EV-to-OCF Related Terms


Natural Resources Partners LP EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Natural Resources Partners LP's EV-to-OCF 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.

Natural Resources Partners LP EV-to-OCF Chart

Natural Resources Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.84 3.03 4.22 6.28 8.29

Natural Resources Partners LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF 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 6.62 7.57 8.29 9.92 8.02

NRP vs NC, BTU, ARLP: EV-to-OCF Comparison

For the Thermal Coal subindustry, Natural Resources Partners LP's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.


Natural Resources Partners LP EV-to-OCF vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Natural Resources Partners LP's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Natural Resources Partners LP's EV-to-OCF falls into.


NRP
62GF Score
Natural Resources Partners LP NRP
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Natural Resources Partners LP EV-to-OCF Calculation

Natural Resources Partners LP's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=1490.807/159.824
=9.33

Natural Resources Partners LP's current Enterprise Value is $1,490.8 Mil.
Natural Resources Partners LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $159.8 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 9.33 mean?
Natural Resources Partners LP (NRP) has a EV-to-OCF of 9.33 as of Aug. 28, 2026. This is 44% above median its historical median of 6.47. Over the past decade, Natural Resources Partners LP's EV-to-OCF has ranged from 3.38 to 15.24. According to the industry distribution chart, Natural Resources Partners LP ranks #131 out of 186 companies in the Other Energy Sources industry, placing it in the top 70.4%.
Is Natural Resources Partners LP's EV-to-OCF too high?
Natural Resources Partners LP's current EV-to-OCF of 9.33 is 44% above median its 10-year median of 6.47. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 15.24. The Other Energy Sources industry median EV-to-OCF is 1.70. Natural Resources Partners LP's value of 9.33 is 448.8% above this industry median. Based on the distribution chart, Natural Resources Partners LP ranks #131 out of 186 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, Natural Resources Partners LP has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Resources Partners LP's EV-to-OCF compare to NC and BTU?
According to the Other Energy Sources industry distribution chart, Natural Resources Partners LP ranks #131 out of 186 companies for EV-to-OCF. This places Natural Resources Partners LP in the lower half of its industry. The industry median EV-to-OCF is 1.70. Natural Resources Partners LP's value of 9.33 is 448.8% above this benchmark. Historically, Natural Resources Partners LP's own EV-to-OCF has ranged from 3.38 to 15.24 over the past decade. While the company's 10-year median is 6.47 vs. the industry median of 1.70, Natural Resources Partners LP has consistently been above 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 EV-to-OCF for an Other Energy Sources company?
The median EV-to-OCF among Other Energy Sources companies is 1.70, based on 186 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Resources Partners LP's current EV-to-OCF of 9.33 is 448.8% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Other Energy Sources industry, the median EV-to-OCF is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Resources Partners LP's current EV-to-OCF is 9.33, which is 44% above median its own 10-year median of 6.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Resources Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Natural Resources Partners LP (NRP) is currently considered Significantly Overvalued. The stock's GF Value™ is $84.78, compared to a current price of $112.72 — trading 33% above its estimated fair value. The current EV-to-OCF is 9.33, which is 44% above median its 10-year median of 6.47 and 448.8% above the Other Energy Sources industry median of 1.70. Natural Resources Partners LP's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Natural Resources Partners LP (NRP), the current EV-to-OCF is 9.33 as of Aug. 28, 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 Natural Resources Partners LP (NRP) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Resources Partners LP stock appears to be overvalued. The current stock price of $112.72 is trading 33% above its estimated GF Value™ of $84.78. GuruFocus considers Natural Resources Partners LP to be Significantly Overvalued.

Key valuation signals for NRP:

  • EV-to-OCF: 9.33 (44% above median its 10-year median of 6.47)
  • GF Value™: $84.78 vs. price of $112.72 (33% above fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 448.8% above the Other Energy Sources median (#131 of 186)

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


Natural Resources Partners LP Business Description

Address 1415 Louisiana Street, Suite 3325, Houston, TX, USA, 77002
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. The majority of the revenue is generated from the Mineral Rights segment. Geographically, the company's business activity of the group functions through the United States.
62GF Score

Get the complete analysis for NRP

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$112.72
Price
$84.78
GF Value