Texas Pacific Land (Texas Pacific Land) GF Value Rank : 7 (As of Apr. 26, 2024)

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What is Texas Pacific Land GF Value Rank?

Texas Pacific Land has the GF Value Rank of 7.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Texas Pacific Land's GF Value Rank

For the Oil & Gas E&P subindustry, Texas Pacific Land's GF Value Rank, along with its competitors' market caps and GF Value Rank 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's GF Value Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texas Pacific Land's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Texas Pacific Land's GF Value Rank falls into.

Texas Pacific Land GF Value Rank Related Terms

Thank you for viewing the detailed overview of Texas Pacific Land's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Texas Pacific Land (Texas Pacific Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texas Pacific Land Corp (NYSE:TPL) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

9WY:Germany 9WY:Germany

Address

1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201

Website

https://www.texaspacific.com

Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

Executives

Murray Stahl	director	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Horizon Kinetics Asset Management Llc	10 percent owner	470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Rhys J Best	director	MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
Donald G Cook	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Micheal W. Dobbs	officer: Senior VP, Secretory + GC	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Karl F Kurz	director	DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Stephanie Buffington	officer: Chief Accounting Officer
Dana F. Mcginnis	director	112 E PECAN STREET, SUITE 1425, SAN ANTONIO TX 78025
Barbara J Duganier	director	6 CARLTON PARK COURT, HOUSTON TX 77024-7316
Norris John R Iii	director	3811 TURTLE CREEK BLVD #400, C/O CALOWAY NORRIS & BURDETTE, DALLAS TX 75219
Donna E Epps	director	11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097
Eric L Oliver	director	303 W WALL, SUITE 1700, MIDLAND TX 79701
Chris Steddum	officer: Chief Financial Officer	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Tyler Glover	director, officer: President & CEO	1700 PACIFIC AVENUE, SUITE 2770, C/O TEXAS PACIFIC LAND TRUST, DALLAS TX 75201
David E. Barry	director	C/O SIDRA REAL ESTATE, INC., TWO RIVERWAY, SUITE 1010, HOUSTON TX 77056