Black Stone Minerals LPBSM -1.48%77 EV-to-FCF is 16.52 as of Jun. 26, 2026, which is 94% above its 10-year median of 8.50. GuruFocus rates BSM with a GF Score™ of 77/100 and a GF Value™ of $13.87 (Fairly Valued). The stock has 6 warning signs investors should review. Among 576 Oil & Gas companies, Black Stone Minerals LP ranks worse than 53.65% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Black Stone Minerals LP's Enterprise Value is $3,140.8 Mil.
Black Stone Minerals LP's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $190.1 Mil. Therefore, Black Stone Minerals LP's EV-to-FCF for today is 16.52.
The historical rank and industry rank for Black Stone Minerals LP's EV-to-FCF or its related term are showing as below:
BSM'
s EV-to-FCF Range Over the Past 10 Years
Min: -578.14 Med: 8.5 Max: 59.56
Current: 16.52
During the past 13 years, the highest EV-to-FCF of Black Stone Minerals LP was 59.56. The lowest was -578.14. And the median was 8.50.
BSM's EV-to-FCF is ranked worse than 53.65% of 576
companies
in the Oil & Gas industry
Industry Median: 15.705
vs BSM: 16.52
EV-to-FCF 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.
Black Stone Minerals LP (NYSE:BSM) EV-to-FCF Explanation
EV-to-FCF 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.
Black Stone Minerals LP's PE Ratio (TTM) for today is calculated as:
Black Stone Minerals LP's share price for today is $13.95.
Black Stone Minerals LP's Earnings per Share (Diluted) 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 $1.270.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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.
For the Oil & Gas E&P subindustry, Black Stone Minerals LP's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Black Stone Minerals LP EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Black Stone Minerals LP's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Black Stone Minerals LP's EV-to-FCF falls into.
Black Stone Minerals LP's current Enterprise Value is $3,140.8 Mil.
Black Stone Minerals LP's Free Cash Flow 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 $190.1 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.
Black Stone Minerals LP (BSM) has a EV-to-FCF of 16.52 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Black Stone Minerals LP and its competitors. This is 94% above median its historical median of 8.50. According to the industry distribution chart, Black Stone Minerals LP ranks #309 out of 576 companies in the Oil & Gas industry, placing it in the top 53.6%.
Is Black Stone Minerals LP's EV-to-FCF too high?
Black Stone Minerals LP's current EV-to-FCF of 16.52 is 94% above median its 10-year median of 8.50. The Oil & Gas industry median EV-to-FCF is 15.71. Black Stone Minerals LP's value of 16.52 is 5.2% above this industry median. Based on the distribution chart, Black Stone Minerals LP ranks #309 out of 576 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Black Stone Minerals LP has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Black Stone Minerals LP's EV-to-FCF compare to BKV and GPOR?
According to the Oil & Gas industry distribution chart, Black Stone Minerals LP ranks #309 out of 576 companies for EV-to-FCF. This places Black Stone Minerals LP in the lower half of its industry. The industry median EV-to-FCF is 15.71. Black Stone Minerals LP's value of 16.52 is 5.2% above this benchmark. While the company's 10-year median is 8.50 vs. the industry median of 15.71, Black Stone Minerals 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.71, based on 576 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Stone Minerals LP's current EV-to-FCF of 16.52 is 5.2% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Black Stone Minerals LP and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Stone Minerals LP's current EV-to-FCF is 16.52, which is 94% above median its own 10-year median of 8.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Stone Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Black Stone Minerals LP (BSM) is currently considered Fairly Valued. The stock's GF Value™ is $13.87, compared to a current price of $13.95 — trading 0.6% above its estimated fair value. The current EV-to-FCF is 16.52, which is 94% above median its 10-year median of 8.50 and 5.2% above the Oil & Gas industry median of 15.71. Black Stone Minerals LP's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Black Stone Minerals LP (BSM), the current EV-to-FCF is 16.52 as of Jun. 26, 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 Black Stone Minerals LP (BSM) Overvalued in 2026?
Based on GuruFocus' analysis, Black Stone Minerals LP stock appears to be overvalued.
The current stock price of $13.95 is trading 0.6% above its estimated GF Value™ of $13.87.
GuruFocus considers Black Stone Minerals LP to be Fairly Valued.
Key valuation signals for BSM:
EV-to-FCF: 16.52 (94% above median its 10-year median of 8.50)
GF Value™: $13.87 vs. price of $13.95 (0.6% above fair value)
Industry Position: 5.2% above the Oil & Gas median (#309 of 576)
No single metric tells the full story. See the BSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests. The company owns mineral interests in approximately 16.9 million gross acres.
77GF Score
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