Black Stone Minerals LPBSM +0.07%81 PS Ratio is 6.85 as of Jul. 02, 2026, which is 6% above its 10-year median of 6.46. GuruFocus rates BSM with a GF Score™ of 81/100 and a GF Value™ of $13.91 (Fairly Valued). The stock has 6 warning signs investors should review. Among 879 Oil & Gas companies, Black Stone Minerals LP ranks worse than 89.99% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Black Stone Minerals LP's share price is $13.69.
Black Stone Minerals LP's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $2.00. Hence, Black Stone Minerals LP's PS Ratio for today is 6.85.
The historical rank and industry rank for Black Stone Minerals LP's PS Ratio or its related term are showing as below:
BSM'
s PS Ratio Range Over the Past 10 Years
Min: 1.85 Med: 6.46 Max: 12.96
Current: 6.86
During the past 13 years, Black Stone Minerals LP's highest PS Ratio was 12.96. The lowest was 1.85. And the median was 6.46.
BSM's PS Ratio is ranked worse than 89.99% of 879
companies
in the Oil & Gas industry
Industry Median: 1.28
vs BSM: 6.86
Black Stone Minerals LP revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Black Stone Minerals LP was -3.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -17.00% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 2.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.80% per year.
During the past 13 years, Black Stone Minerals LP's highest 3-Year average Revenue per Share Growth Rate was 20.00% per year. The lowest was -17.00% per year. And the median was -4.40% per year.
Back to Basics: PS Ratio
Black Stone Minerals LP (NYSE:BSM) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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 Oil & Gas E&P subindustry, Black Stone Minerals LP's PS Ratio, along with its competitors' market caps and PS 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.
Black Stone Minerals LP PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Black Stone Minerals LP's PS Ratio distribution charts can be found below:
* The bar in red indicates where Black Stone Minerals LP's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Black Stone Minerals LP's Share Price of today is $13.69. Black Stone Minerals LP's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.00.
* 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:
Black Stone Minerals LP (BSM) has a PS Ratio of 6.85 as of Jul. 02, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Black Stone Minerals LP and its competitors. This is near median its historical median of 6.46. Over the past decade, Black Stone Minerals LP's PS Ratio has ranged from 1.85 to 12.96. According to the industry distribution chart, Black Stone Minerals LP ranks #791 out of 879 companies in the Oil & Gas industry, placing it in the top 90%.
Is Black Stone Minerals LP's PS Ratio too high?
Black Stone Minerals LP's current PS Ratio of 6.85 is near median its 10-year median of 6.46. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 12.96. The Oil & Gas industry median PS Ratio is 1.28. Black Stone Minerals LP's value of 6.85 is 435.2% above this industry median. Based on the distribution chart, Black Stone Minerals LP ranks #791 out of 879 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Black Stone Minerals LP has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Black Stone Minerals LP's PS Ratio compare to GPOR and BKV?
According to the Oil & Gas industry distribution chart, Black Stone Minerals LP ranks #791 out of 879 companies for PS Ratio. This places Black Stone Minerals LP in the lower half of its industry. The industry median PS Ratio is 1.28. Black Stone Minerals LP's value of 6.85 is 435.2% above this benchmark. Historically, Black Stone Minerals LP's own PS Ratio has ranged from 1.85 to 12.96 over the past decade. While the company's 10-year median is 6.46 vs. the industry median of 1.28, Black Stone Minerals 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.28, based on 879 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Stone Minerals LP's current PS Ratio of 6.85 is 435.2% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Black Stone Minerals LP and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Stone Minerals LP's current PS Ratio is 6.85, which is near median its own 10-year median of 6.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Stone Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Black Stone Minerals LP (BSM) is currently considered Fairly Valued. The stock's GF Value™ is $13.91, compared to a current price of $13.69 — trading 1.6% below its estimated fair value. The current PS Ratio is 6.85, which is near median its 10-year median of 6.46 and 435.2% above the Oil & Gas industry median of 1.28. Black Stone Minerals LP's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Black Stone Minerals LP (BSM), the current PS Ratio is 6.85 as of Jul. 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.
Is Black Stone Minerals LP (BSM) Overvalued in 2026?
Based on GuruFocus' analysis, Black Stone Minerals LP stock appears to be undervalued.
The current stock price of $13.69 is trading 1.6% below its estimated GF Value™ of $13.91.
GuruFocus considers Black Stone Minerals LP to be Fairly Valued.
Key valuation signals for BSM:
PS Ratio: 6.85 (near median its 10-year median of 6.46)
GF Value™: $13.91 vs. price of $13.69 (1.6% below fair value)
Industry Position: 435.2% above the Oil & Gas median (#791 of 879)
No single metric tells the full story. See the BSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which makes up the majority of its asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests. The company owns mineral interests in approximately 16.9 million gross acres.
81GF Score
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