SBR (Sabine Royalty Trust) Net Margin %: 91.90% (As of Mar. 2026) — Near 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.

SBR Sabine Royalty Trust SBR
73 GF Score
Price $74.00
GF Value $50.16
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Sabine Royalty Trust Net Margin %?

Sabine Royalty Trust SBR -0.11% 73 Net Margin % is 91.90% as of Mar. 2026, which is 3% below its 10-year median of 95.16. GuruFocus rates SBR with a GF Score™ of 73/100 and a GF Value™ of $50.16 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 917 Oil & Gas companies, Sabine Royalty Trust ranks better than 98.47% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Sabine Royalty Trust's Net Income for the three months ended in Mar. 2026 was $13.04 Mil. Sabine Royalty Trust's Revenue for the three months ended in Mar. 2026 was $14.19 Mil. Therefore, Sabine Royalty Trust's net margin for the quarter that ended in Mar. 2026 was 91.90%.

The historical rank and industry rank for Sabine Royalty Trust's Net Margin % or its related term are showing as below:

SBR' s Net Margin % Range Over the Past 10 Years
Min: 91.52   Med: 95.16   Max: 97.57
Current: 95.1


SBR's Net Margin % is ranked better than
98.47% of 917 companies
in the Oil & Gas industry
Industry Median: 3.46 vs SBR: 95.10

Sabine Royalty Trust  (NYSE:SBR) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Sabine Royalty Trust Net Margin % Related Terms


Sabine Royalty Trust Net Margin % Historical Data

* Premium members only.

The historical data trend for Sabine Royalty Trust's Net Margin % 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.

Sabine Royalty Trust Net Margin % Chart

Sabine Royalty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 95.00 97.57 97.03 96.46 95.31

Sabine Royalty Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % 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 93.56 95.72 96.98 94.06 91.90

SBR vs TEN, PBT, TK: Net Margin % Comparison

For the Oil & Gas Midstream subindustry, Sabine Royalty Trust's Net Margin %, along with its competitors' market caps and Net Margin % 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.


Sabine Royalty Trust Net Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sabine Royalty Trust's Net Margin % distribution charts can be found below:

* The bar in red indicates where Sabine Royalty Trust's Net Margin % falls into.


SBR
73GF Score
Sabine Royalty Trust SBR
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sabine Royalty Trust Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Sabine Royalty Trust's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=73.444/77.062
=95.31 %

Sabine Royalty Trust's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=13.042/14.192
=91.90 %

* 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 Net Margin % →
What does a Net Margin % of 91.90% mean?
Sabine Royalty Trust (SBR) has a Net Margin % of 91.90% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Sabine Royalty Trust and its competitors. This is near median its historical median of 95.16. Over the past decade, Sabine Royalty Trust's Net Margin % has ranged from 91.52 to 97.57. According to the industry distribution chart, Sabine Royalty Trust ranks #14 out of 917 companies in the Oil & Gas industry, placing it in the top 1.5%.
Is Sabine Royalty Trust's Net Margin % too high?
Sabine Royalty Trust's current Net Margin % of 91.90% is near median its 10-year median of 95.16. Over the past 10 years, this metric has ranged from a low of 91.52 to a high of 97.57. The Oil & Gas industry median Net Margin % is 3.46. Sabine Royalty Trust's value of 91.90% is 2556.1% above this industry median. Based on the distribution chart, Sabine Royalty Trust ranks #14 out of 917 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Sabine Royalty Trust has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sabine Royalty Trust's Net Margin % compare to TEN and PBT?
According to the Oil & Gas industry distribution chart, Sabine Royalty Trust ranks #14 out of 917 companies for Net Margin %. This places Sabine Royalty Trust in the top 2% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.46. Sabine Royalty Trust's value of 91.90% is 2556.1% above this benchmark. Historically, Sabine Royalty Trust's own Net Margin % has ranged from 91.52 to 97.57 over the past decade. While the company's 10-year median is 95.16 vs. the industry median of 3.46, Sabine Royalty Trust 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 Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.46, based on 917 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sabine Royalty Trust's current Net Margin % of 91.90% is 2556.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Sabine Royalty Trust and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sabine Royalty Trust's current Net Margin % is 91.90%, which is near median its own 10-year median of 95.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sabine Royalty Trust stock overvalued right now?
Based on GuruFocus' analysis, Sabine Royalty Trust (SBR) is currently considered Significantly Overvalued. The stock's GF Value™ is $50.16, compared to a current price of $74.00 — trading 47.5% above its estimated fair value. The current Net Margin % is 91.90%, which is near median its 10-year median of 95.16 and 2556.1% above the Oil & Gas industry median of 3.46. Sabine Royalty Trust's overall GF Score™ is 73/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Sabine Royalty Trust (SBR), the current Net Margin % is 91.90% 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 Sabine Royalty Trust (SBR) Overvalued in 2026?

Based on GuruFocus' analysis, Sabine Royalty Trust stock appears to be overvalued. The current stock price of $74.00 is trading 47.5% above its estimated GF Value™ of $50.16. GuruFocus considers Sabine Royalty Trust to be Significantly Overvalued.

Key valuation signals for SBR:

  • Net Margin %: 91.90% (near median its 10-year median of 95.16)
  • GF Value™: $50.16 vs. price of $74.00 (47.5% above fair value)
  • GF Score™: 73/100 with 10 warning signs
  • Industry Position: 2556.1% above the Oil & Gas median (#14 of 917)

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


Sabine Royalty Trust Business Description

Industry EnergyOil & Gas
Address Argent Trust Company, 3838 Oak Lawn Avenue, Suite 1720, Dallas, TX, USA, 75219
Sabine Royalty Trust formed to receive Sabine Corporation's royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals production payments and any other similar, non-participatory interests, in certain Royalty Properties. The trusts producing and proved undeveloped oil and gas royalty properties are located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
73GF Score

Get the complete analysis for SBR

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$74.00
Price
$50.16
GF Value