Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) PB Ratio : 1.20 (As of Apr. 25, 2024)

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What is Kimbell Royalty Partners LP PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), Kimbell Royalty Partners LP's share price is $16.04. Kimbell Royalty Partners LP's Book Value per Share for the quarter that ended in Dec. 2023 was $13.35. Hence, Kimbell Royalty Partners LP's PB Ratio of today is 1.20.

Good Sign:

Kimbell Royalty Partners LP stock PB Ratio (=1.19) is close to 3-year low of 1.09

The historical rank and industry rank for Kimbell Royalty Partners LP's PB Ratio or its related term are showing as below:

KRP' s PB Ratio Range Over the Past 10 Years
Min: 0.28 Med: 1.18 Max: 39.02
Current: 1.2

During the past 10 years, Kimbell Royalty Partners LP's highest PB Ratio was 39.02. The lowest was 0.28. And the median was 1.18.

KRP's PB Ratio is ranked better than
52.88% of 989 companies
in the Oil & Gas industry
Industry Median: 1.24 vs KRP: 1.20

During the past 12 months, Kimbell Royalty Partners LP's average Book Value Per Share Growth Rate was 42.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 19.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -10.10% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Kimbell Royalty Partners LP was 206.60% per year. The lowest was -30.10% per year. And the median was -15.00% per year.

Back to Basics: PB Ratio

Kimbell Royalty Partners LP PB Ratio Historical Data

The historical data trend for Kimbell Royalty Partners LP's PB Ratio 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.

* Premium members only.

Kimbell Royalty Partners LP PB Ratio Chart

Kimbell Royalty Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.11

1.02

1.95

1.78

1.13

Kimbell Royalty Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.78	1.67	1.61	1.17	1.13

Competitive Comparison of Kimbell Royalty Partners LP's PB Ratio

For the Oil & Gas E&P subindustry, Kimbell Royalty Partners LP's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Kimbell Royalty Partners LP's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kimbell Royalty Partners LP's PB Ratio distribution charts can be found below:

* The bar in red indicates where Kimbell Royalty Partners LP's PB Ratio falls into.

Kimbell Royalty Partners LP PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Kimbell Royalty Partners LP's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	16.04	/	13.351
	=	1.20

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Kimbell Royalty Partners LP (NYSE:KRP) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Kimbell Royalty Partners LP PB Ratio Related Terms

Thank you for viewing the detailed overview of Kimbell Royalty Partners LP's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Kimbell Royalty Partners LP (Kimbell Royalty Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kimbell Royalty Partners LP (NYSE:KRP) » Definitions » PB Ratio

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Traded in Other Exchanges

0R3:Germany

Address

777 Taylor Street, Suite 810, Fort Worth, TX, USA, 76102

Website

https://www.kimbellrp.com

Kimbell Royalty Partners LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. The company's basins and producing regions include areas of interest in the Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Appalachian Basin, Eagle Ford, Bakken/Williston Basin, and DJ Basin/Rockies/Niobrara. Its revenues are derived from royalty payments received from operators based on the sale of oil, natural gas, and NGL production, as well as the sale of NGLs that are extracted from natural gas during processing.

Executives

T Scott Martin	director	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Blayne Rhynsburger	officer: Controller	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Mitch S. Wynne	director	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Mb Minerals, L.p.	10 percent owner	800 NORTH SHORELINE BLVD., SUITE 900N, CORPUS CHRISTI TX 78401
Sabalo Midland Basin, Inc.	10 percent owner	800 NORTH SHORELINE BLVD., SUITE 900N, CORPUS CHRISTI TX 78401
Encap Energy Capital Fund Ix, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Erik B Daugbjerg	director	3141 HOOD STREET, SUITE 500, DALLAS TX 75219
Brett G. Taylor	director	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Pep I Holdings, Llc	10 percent owner	C/O ENCAP INVESTMENTS L.P., 1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002
Kkr Upstream Associates Llc	10 percent owner	C/O KKR, 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Group Partnership L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Robert D. Ravnaas	director, officer: Chief Executive Officer	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Peter Alcorn	officer: Vice President-Land	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Matthew S. Daly	officer: Senior V.P.-Corp. Development	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102
Robert Davis Ravnaas	officer: President and CFO	777 TAYLOR STREET, SUITE 810, FORT WORTH TX 76102