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Texas Pacific LandTPL +3.81%91 Net Cash per Share is $0.89 as of Jun. 2026, which is 98% below its 10-year median of 51.22. GuruFocus rates TPL with a GF Score™ of 91/100 and a GF Value™ of $398.87 (Fairly Valued). The stock has 2 warning signs investors should review. Among 129 Oil & Gas companies, Texas Pacific Land ranks worse than 100% on this metric.
Texas Pacific Land (NYSE:TPL) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Texas Pacific Land Net Cash per Share Related Terms
Texas Pacific Land Net Cash per Share Historical Data
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The historical data trend for Texas Pacific Land's Net Cash per Share 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.
TPL vs EQT, EXE, PR: Net Cash per Share Comparison
For the Oil & Gas E&P subindustry, Texas Pacific Land's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Texas Pacific Land's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Texas Pacific Land's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Texas Pacific Land's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (TPL) has a Net Cash per Share of $0.89 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Texas Pacific Land and its competitors. This is 98% below median its historical median of 51.22. Over the past decade, Texas Pacific Land's Net Cash per Share has ranged from 14.98 to 632.75. According to the industry distribution chart, Texas Pacific Land ranks #129 out of 129 companies in the Oil & Gas industry.
Is Texas Pacific Land's Net Cash per Share too high?
Texas Pacific Land's current Net Cash per Share of $0.89 is 98% below median its 10-year median of 51.22. Over the past 10 years, this metric has ranged from a low of 14.98 to a high of 632.75. The Oil & Gas industry median Net Cash per Share is 5.89. Texas Pacific Land's value of $0.89 is 84.9% below this industry median. Based on the distribution chart, Texas Pacific Land ranks #129 out of 129 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Texas Pacific Land has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Texas Pacific Land's Net Cash per Share compare to EQT and EXE?
According to the Oil & Gas industry distribution chart, Texas Pacific Land ranks #129 out of 129 companies for Net Cash per Share. This places Texas Pacific Land in the lower half of its industry. The industry median Net Cash per Share is 5.89. Texas Pacific Land's value of $0.89 is 84.9% below this benchmark. Historically, Texas Pacific Land's own Net Cash per Share has ranged from 14.98 to 632.75 over the past decade. While the company's 10-year median is 51.22 vs. the industry median of 5.89, 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 Net Cash per Share for an Oil & Gas company?
The median Net Cash per Share among Oil & Gas companies is 5.89, based on 129 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Texas Pacific Land's current Net Cash per Share of $0.89 is 84.9% 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Texas Pacific Land and its competitors. For the Oil & Gas industry, the median Net Cash per Share is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texas Pacific Land's current Net Cash per Share is $0.89, which is 98% below median its own 10-year median of 51.22. 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 Fairly Valued. The stock's GF Value™ is $398.87, compared to a current price of $383.64 — trading 3.8% below its estimated fair value. The current Net Cash per Share is $0.89, which is 98% below median its 10-year median of 51.22 and 84.9% below the Oil & Gas industry median of 5.89. Texas Pacific Land's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Texas Pacific Land (TPL), the current Net Cash per Share is $0.89 as of Jun. 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 undervalued.
The current stock price of $383.64 is trading 3.8% below its estimated GF Value™ of $398.87.
GuruFocus considers Texas Pacific Land to be Fairly Valued.
Key valuation signals for TPL:
Net Cash per Share: $0.89 (98% below median its 10-year median of 51.22)
GF Value™: $398.87 vs. price of $383.64 (3.8% below fair value)
Industry Position: 84.9% below the Oil & Gas median (#129 of 129)
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.
91GF Score
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