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Natural Resources Partners LPNRP +0.67%66 PB Ratio is 2.05 as of Jul. 26, 2026, which is 95% above its 10-year median of 1.05. GuruFocus rates NRP with a GF Score™ of 66/100 and a GF Value™ of $79.26 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 175 Other Energy Sources companies, Natural Resources Partners LP ranks worse than 63.43% on this metric.
Natural Resources Partners LP stock PB Ratio (=2.05) is close to 2-year low of 2.02.
The historical rank and industry rank for Natural Resources Partners LP's PB Ratio or its related term are showing as below:
NRP'
s PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 1.05 Max: 79.5
Current: 2.05
During the past 13 years, Natural Resources Partners LP's highest PB Ratio was 79.50. The lowest was 0.26. And the median was 1.05.
NRP's PB Ratio is ranked worse than 63.43% of 175
companies
in the Other Energy Sources industry
Industry Median: 1.34
vs NRP: 2.05
During the past 12 months, Natural Resources Partners LP's average Book Value Per Share Growth Rate was 11.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 115.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Natural Resources Partners LP was 476.40% per year. The lowest was -81.20% per year. And the median was 2.50% per year.
Back to Basics: PB Ratio
Natural Resources Partners LP (NYSE:NRP) PB Ratio Explanation
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.
Natural Resources Partners LP PB Ratio Related Terms
Natural Resources Partners LP PB Ratio Historical Data
* 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 Thermal Coal subindustry, Natural Resources 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.
Natural Resources Partners LP PB Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Natural Resources Partners LP's PB Ratio distribution charts can be found below:
* The bar in red indicates where Natural Resources Partners LP's PB Ratio falls into.
Natural Resources 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.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Natural Resources Partners LP (NRP) has a PB Ratio of 2.05 as of Jul. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Natural Resources Partners LP and its competitors. This is 95% above median its historical median of 1.05. Over the past decade, Natural Resources Partners LP's PB Ratio has ranged from 0.26 to 79.50. According to the industry distribution chart, Natural Resources Partners LP ranks #111 out of 175 companies in the Other Energy Sources industry, placing it in the top 63.4%.
Is Natural Resources Partners LP's PB Ratio too high?
Natural Resources Partners LP's current PB Ratio of 2.05 is 95% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 79.50. The Other Energy Sources industry median PB Ratio is 1.34. Natural Resources Partners LP's value of 2.05 is 53% above this industry median. Based on the distribution chart, Natural Resources Partners LP ranks #111 out of 175 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, Natural Resources Partners LP has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Resources Partners LP's PB Ratio compare to NC and BTU?
According to the Other Energy Sources industry distribution chart, Natural Resources Partners LP ranks #111 out of 175 companies for PB Ratio. This places Natural Resources Partners LP in the lower half of its industry. The industry median PB Ratio is 1.34. Natural Resources Partners LP's value of 2.05 is 53% above this benchmark. Historically, Natural Resources Partners LP's own PB Ratio has ranged from 0.26 to 79.50 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.34, Natural Resources Partners 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 PB Ratio for an Other Energy Sources company?
The median PB Ratio among Other Energy Sources companies is 1.34, based on 175 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Resources Partners LP's current PB Ratio of 2.05 is 53% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Natural Resources Partners LP and its competitors. For the Other Energy Sources industry, the median PB Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Resources Partners LP's current PB Ratio is 2.05, which is 95% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Resources Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Natural Resources Partners LP (NRP) is currently considered Modestly Overvalued. The stock's GF Value™ is $79.26, compared to a current price of $98.00 — trading 23.6% above its estimated fair value. The current PB Ratio is 2.05, which is 95% above median its 10-year median of 1.05 and 53% above the Other Energy Sources industry median of 1.34. Natural Resources Partners LP's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Natural Resources Partners LP (NRP), the current PB Ratio is 2.05 as of Jul. 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 Natural Resources Partners LP (NRP) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Resources Partners LP stock appears to be overvalued.
The current stock price of $98.00 is trading 23.6% above its estimated GF Value™ of $79.26.
GuruFocus considers Natural Resources Partners LP to be Modestly Overvalued.
Key valuation signals for NRP:
PB Ratio: 2.05 (95% above median its 10-year median of 1.05)
GF Value™: $79.26 vs. price of $98.00 (23.6% above fair value)
Industry Position: 53% above the Other Energy Sources median (#111 of 175)
No single metric tells the full story. See the NRP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Resources Partners LP Business Description
Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. The majority of the revenue is generated from the Mineral Rights segment. Geographically, the company's business activity of the group functions through the United States.
66GF Score
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