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Texas Pacific Land (Texas Pacific Land) Cyclically Adjusted Price-to-FCF : 66.19 (As of Apr. 27, 2024)


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What is Texas Pacific Land Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Texas Pacific Land's current share price is $595.67. Texas Pacific Land's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $9.00. Texas Pacific Land's Cyclically Adjusted Price-to-FCF for today is 66.19.

The historical rank and industry rank for Texas Pacific Land's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 37.82   Med: 82.89   Max: 189.16
Current: 65.81

During the past years, Texas Pacific Land's highest Cyclically Adjusted Price-to-FCF was 189.16. The lowest was 37.82. And the median was 82.89.

TPL's Cyclically Adjusted Price-to-FCF is ranked worse than
88.52% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs TPL: 65.81

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Texas Pacific Land's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $4.649. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $9.00 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Texas Pacific Land Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Texas Pacific Land's Cyclically Adjusted Price-to-FCF 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.

Texas Pacific Land Cyclically Adjusted Price-to-FCF Chart

Texas Pacific Land Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.82 62.13 80.62 107.69 58.26

Texas Pacific Land Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF 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 107.69 72.30 53.24 70.80 58.26

Competitive Comparison of Texas Pacific Land's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Texas Pacific Land's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texas Pacific Land's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Texas Pacific Land's Cyclically Adjusted Price-to-FCF falls into.



Texas Pacific Land Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Texas Pacific Land's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=595.67/9
=66.19

* 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.

Texas Pacific Land's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Texas Pacific Land's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.649/129.4194*129.4194
=4.649

Current CPI (Dec. 2023) = 129.4194.

Texas Pacific Land Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.398 99.695 0.517
201406 0.387 100.560 0.498
201409 0.366 100.428 0.472
201412 0.388 99.070 0.507
201503 1.278 99.621 1.660
201506 -0.078 100.684 -0.100
201509 0.515 100.392 0.664
201512 0.279 99.792 0.362
201603 0.458 100.470 0.590
201606 0.299 101.688 0.381
201609 0.477 101.861 0.606
201612 0.432 101.863 0.549
201703 0.946 102.862 1.190
201706 0.376 103.349 0.471
201709 1.127 104.136 1.401
201712 0.735 104.011 0.915
201803 1.368 105.290 1.682
201806 0.979 106.317 1.192
201809 1.420 106.507 1.725
201812 1.508 105.998 1.841
201903 4.388 107.251 5.295
201906 0.679 108.070 0.813
201909 2.547 108.329 3.043
201912 5.516 108.420 6.584
202003 2.067 108.902 2.456
202006 1.489 108.767 1.772
202009 2.469 109.815 2.910
202012 1.927 109.897 2.269
202103 2.189 111.754 2.535
202106 1.766 114.631 1.994
202109 3.072 115.734 3.435
202112 3.708 117.630 4.080
202203 4.412 121.301 4.707
202206 3.644 125.017 3.772
202209 4.875 125.227 5.038
202212 5.463 125.222 5.646
202303 4.894 127.348 4.974
202306 3.420 128.729 3.438
202309 3.443 129.860 3.431
202312 4.649 129.419 4.649

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Texas Pacific Land  (NYSE:TPL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Texas Pacific Land Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Texas Pacific Land's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Texas Pacific Land (Texas Pacific Land) Business Description

Industry
Traded in Other Exchanges
Address
1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201
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