LB (LandBridge Co LLC) Piotroski F-Score: 6 (As of Aug. 02, 2026) — 14% Below Median

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LB LandBridge Co LLC LB
17 GF Score
Price $77.52
! 9 Warning Signs
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What is LandBridge Co LLC Piotroski F-Score?

LandBridge Co LLC LB +1.33% 17 Piotroski F-Score is 6 as of Aug. 02, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates LB with a GF Score™ of 17/100. The stock has 9 warning signs investors should review. Among 976 Oil & Gas companies, LandBridge Co LLC ranks better than 79.51% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

LandBridge Co LLC has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for LandBridge Co LLC's Piotroski F-Score or its related term are showing as below:

LB' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 7
Current: 6

During the past 4 years, the highest Piotroski F-Score of LandBridge Co LLC was 7. The lowest was 5. And the median was 7.

LandBridge Co LLC  (NYSE:LB) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


LandBridge Co LLC Piotroski F-Score Related Terms


LandBridge Co LLC Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LandBridge Co LLC's Piotroski F-Score 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.

LandBridge Co LLC Piotroski F-Score Chart

LandBridge Co LLC Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 5.00 7.00

LandBridge Co LLC Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A 7.00 7.00 6.00

LB vs INVX, NEXT, XPRO: Piotroski F-Score Comparison

For the Oil & Gas Equipment & Services subindustry, LandBridge Co LLC's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.


LandBridge Co LLC Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, LandBridge Co LLC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where LandBridge Co LLC's Piotroski F-Score falls into.


LB
17GF Score
LandBridge Co LLC LB
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 7.502 + 8.107 + 8.056 + 8.715 = $32.4 Mil.
Cash Flow from Operations was 37.332 + 34.912 + 38.116 + 41.12 = $151.5 Mil.
Revenue was 47.533 + 50.831 + 56.778 + 51.005 = $206.1 Mil.
Gross Profit was 44.499 + 47.809 + 52.396 + 46.183 = $190.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1008.1 + 1066.38 + 1077.92 + 1366.056 + 1362.236) / 5 = $1176.1384 Mil.
Total Assets at the begining of this year (Mar25) was $1,008.1 Mil.
Long-Term Debt & Capital Lease Obligation was $535.1 Mil.
Total Current Assets was $59.3 Mil.
Total Current Liabilities was $18.8 Mil.
Net Income was -57.653 + 2.656 + 2.454 + 6.464 = $-46.1 Mil.

Revenue was 25.953 + 28.487 + 36.499 + 43.951 = $134.9 Mil.
Gross Profit was 23.198 + 26.026 + 33.544 + 40.892 = $123.7 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(636.985 + 710.463 + 689.888 + 1032.479 + 1008.1) / 5 = $815.583 Mil.
Total Assets at the begining of last year (Mar24) was $637.0 Mil.
Long-Term Debt & Capital Lease Obligation was $375.5 Mil.
Total Current Assets was $43.6 Mil.
Total Current Liabilities was $11.8 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

LandBridge Co LLC's current Net Income (TTM) was 32.4. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

LandBridge Co LLC's current Cash Flow from Operations (TTM) was 151.5. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=32.38/1008.1
=0.03211983

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-46.079/636.985
=-0.07233922

LandBridge Co LLC's return on assets of this year was 0.03211983. LandBridge Co LLC's return on assets of last year was -0.07233922. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

LandBridge Co LLC's current Net Income (TTM) was 32.4. LandBridge Co LLC's current Cash Flow from Operations (TTM) was 151.5. ==> 151.5 > 32.4 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=535.106/1176.1384
=0.45496856

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=375.467/815.583
=0.46036639

LandBridge Co LLC's gearing of this year was 0.45496856. LandBridge Co LLC's gearing of last year was 0.46036639. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=59.264/18.82
=3.14899044

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=43.594/11.794
=3.69628625

LandBridge Co LLC's current ratio of this year was 3.14899044. LandBridge Co LLC's current ratio of last year was 3.69628625. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

LandBridge Co LLC's number of shares in issue this year was 77.079. LandBridge Co LLC's number of shares in issue last year was 76.465. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=190.887/206.147
=0.92597515

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=123.66/134.89
=0.91674698

LandBridge Co LLC's gross margin of this year was 0.92597515. LandBridge Co LLC's gross margin of last year was 0.91674698. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=206.147/1008.1
=0.20449063

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=134.89/636.985
=0.21176323

LandBridge Co LLC's asset turnover of this year was 0.20449063. LandBridge Co LLC's asset turnover of last year was 0.21176323. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+0+1+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

LandBridge Co LLC has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
LandBridge Co LLC (LB) has a Piotroski F-Score of 6 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LandBridge Co LLC and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, LandBridge Co LLC's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, LandBridge Co LLC ranks #200 out of 976 companies in the Oil & Gas industry, placing it in the top 20.5%.
Is LandBridge Co LLC's Piotroski F-Score too high?
LandBridge Co LLC's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. LandBridge Co LLC's value of 6 is 20% above this industry median. Based on the distribution chart, LandBridge Co LLC ranks #200 out of 976 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, LandBridge Co LLC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does LandBridge Co LLC's Piotroski F-Score compare to INVX and NEXT?
According to the Oil & Gas industry distribution chart, LandBridge Co LLC ranks #200 out of 976 companies for Piotroski F-Score. This places LandBridge Co LLC in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. LandBridge Co LLC's value of 6 is 20% above this benchmark. Historically, LandBridge Co LLC's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, LandBridge Co LLC 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 Piotroski F-Score for an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 976 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. LandBridge Co LLC's current Piotroski F-Score of 6 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LandBridge Co LLC and its competitors. For the Oil & Gas industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LandBridge Co LLC's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LandBridge Co LLC stock overvalued right now?
LandBridge Co LLC (LB) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Oil & Gas industry median of 5.00. LandBridge Co LLC's overall GF Score™ is 17/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For LandBridge Co LLC (LB), the current Piotroski F-Score is 6 as of Aug. 02, 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.

LandBridge Co LLC Business Description

Industry EnergyOil & Gas
Other Exchanges D5O:Germany
Address 5555 San Felipe Street, Suite 1200, Houston, TX, USA, 77056
LandBridge Co LLC is engaged in managing land and resources to support and promote oil and natural gas development. It generates revenue streams from the use of its surface acreage, the sale of resources from land and oil and gas royalties.
17GF Score

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