Permian Basin Royalty Trust (PBT) Key Metrics
PBT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.54B
- Enterprise value
- $1.54B
- P/E (TTM)
- 94.7 10-yr median 19.4
- Forward P/E
- 10.7
- PEG ratio
- 1.12
- Price / sales
- 87.3 10-yr median 18.0
- Price / book
- — 10-yr median 588.1
- EV / EBITDA
- 95.1 10-yr median 17.9
- Dividend yield
- 0.72% $0.24 a year
- Beta
- 0.56
PBT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPBT valuation Price multiples at each fiscal year-end price.
PBT returns How much profit the business earns on the capital it uses.
PBT per-share figures Results divided by the shares outstanding at year-end.
PBT financial health Debt, liquidity and how easily interest is covered.
PBT efficiency & capital use Working capital cycle and where the cash goes.
PBT valuation history
PBT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PBT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PBT cash returned to shareholders
PBT price vs earnings per share
PBT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $791.4M | $516.4M | $650.7M | $1.17B | $470.8M | $154.3M | $179.9M | $275.0M | $413.4M | $359.4M |
| Enterprise value | −$923.7M | $514.3M | $644.6M | $1.17B | $468.5M | $152.6M | $177.0M | $271.5M | $410.0M | $355.6M |
| P/E ratio | 55.3 | 20.3 | 23.3 | 21.9 | 43.9 | 14.1 | 9.3 | 8.9 | 14.1 | 18.6 |
| Price / sales | 49.1 | 19.0 | 22.4 | 21.6 | 39.9 | 12.8 | 8.8 | 8.6 | 13.5 | 17.0 |
| Price / book | — | — | — | — | — | 402.9 | 423.8 | 588.1 | 781.5 | 595.8 |
| Price / free cash flow | 55.4 | 20.4 | — | — | — | — | 9.3 | 8.9 | 14.1 | 18.6 |
| Price / operating cash flow | 55.4 | 20.4 | — | — | — | — | 9.3 | 8.9 | 14.1 | 18.6 |
| EV / sales | -57.3 | 19.0 | 22.2 | 21.5 | 39.7 | 12.7 | 8.6 | 8.5 | 13.4 | 16.9 |
| EV / EBITDA | — | 20.2 | 23.0 | 21.9 | 43.7 | 13.9 | 9.1 | 8.8 | 14.0 | 17.9 |
| EV / free cash flow | — | 20.3 | — | — | — | — | 9.1 | 8.8 | 14.0 | 18.5 |
| Earnings yield | 1.8% | 4.9% | 4.3% | 4.6% | 2.3% | 7.1% | 10.8% | 11.2% | 7.1% | 5.4% |
| Free cash flow yield | 1.8% | 4.9% | −8.9% | −6.2% | −6.4% | −27.0% | 10.8% | 11.2% | 7.1% | 5.4% |
| Dividend yield | 1.8% | 4.9% | 4.3% | 4.6% | 2.3% | 7.1% | 10.8% | 11.2% | 7.1% | 5.4% |
| Shareholder yield (dividends + buybacks) | 1.8% | 4.9% | 4.3% | 4.6% | 2.3% | 7.1% | 10.8% | 11.2% | 7.1% | 5.4% |
| Share price at fiscal year-end | $16.98 | $11.08 | $13.96 | $25.20 | $10.10 | $3.31 | $3.86 | $5.90 | $8.87 | $7.71 |
| Per share | ||||||||||
| Revenue per share | $0.35 | $0.58 | $0.62 | $1.17 | $0.25 | $0.26 | $0.44 | $0.69 | $0.66 | $0.45 |
| Earnings per share | $0.31 | $0.55 | $0.60 | $1.15 | $0.23 | $0.24 | $0.42 | $0.66 | $0.63 | $0.42 |
| Operating cash flow per share | $0.31 | $0.54 | −$1.24 | −$1.57 | −$0.65 | −$0.89 | $0.42 | $0.66 | $0.63 | $0.41 |
| Free cash flow per share | $0.31 | $0.54 | −$1.24 | −$1.57 | −$0.65 | −$0.89 | $0.42 | $0.66 | $0.63 | $0.41 |
| Cash per share | $36.80 | $0.05 | $0.13 | $0.06 | $0.05 | $0.04 | $0.06 | $0.08 | $0.07 | $0.08 |
| Book value per share | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| Tangible book value per share | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 |
| Dividends per share | $0.31 | $0.55 | $0.60 | $1.15 | $0.23 | $0.24 | $0.42 | $0.66 | $0.63 | $0.42 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares outstanding | 46.6M | 46.6M | 46.6M | 46.6M | 46.6M | 46.6M | 46.6M | 46.6M | 46.6M | 46.6M |
| Change in shares outstanding | −0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on assets (ROA) | 686.7% | 593.8% | 594.8% | — | 455.3% | 406.2% | 533.5% | 775.1% | 702.5% | 591.3% |
| Return on tangible assets | 761.6% | — | 446.0% | — | 412.2% | 519.8% | 590.8% | 770.9% | 857.1% | 509.8% |
| Free cash flow margin | 88.7% | 93.5% | −199.2% | −134.5% | −255.6% | −345.5% | 94.5% | 95.7% | 95.7% | 91.4% |
| Income quality (OCF / net income) | 1.00 | 1.00 | −2.07 | −1.37 | −2.82 | −3.80 | 1.00 | 1.00 | 1.00 | 1.00 |
| Financial health | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash & short-term investments | $1.72B | $2.1M | $6.1M | $2.9M | $2.2M | $1.7M | $2.9M | $3.5M | $3.4M | $3.8M |
| Net debt | −$1.72B | −$2.1M | −$6.1M | −$2.9M | −$2.2M | −$1.7M | −$2.9M | −$3.5M | −$3.4M | −$3.8M |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −119.92 | −0.08 | −0.22 | −0.05 | −0.21 | −0.16 | −0.15 | −0.11 | −0.12 | −0.19 |
| Current ratio | 2.79 | 2.08 | 1.22 | 1.63 | 1.96 | 2.76 | 1.58 | 1.42 | 1.44 | 1.38 |
| Quick ratio | 2.79 | 2.08 | 1.22 | 1.63 | 1.96 | 2.76 | 1.58 | 1.42 | 1.44 | 1.38 |
| Working capital | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M |
| Invested capital | −$1.72B | −$2.0M | −$5.8M | −$2.6M | −$1.9M | −$1.3M | −$2.4M | −$3.1M | −$2.9M | −$3.2M |
| Tangible asset value | $162,566 | $164,407 | $221,474 | $279,433 | $352,688 | $382,876 | $424,507 | $467,580 | $0 | $0 |
| Net current asset value | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Graham number | $0.16 | $0.21 | $0.25 | $0.39 | $0.20 | $0.21 | $0.29 | $0.39 | $0.40 | $0.35 |
| Graham net-net per share | $36.76 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 |
| Capital allocation | ||||||||||
| Dividends paid | $14.3M | $25.4M | $28.0M | $53.5M | $10.7M | $11.0M | $19.4M | $30.8M | $29.3M | $19.3M |
| Dividend payout ratio | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Dividends + buybacks / free cash flow | 100.0% | 100.2% | — | — | — | — | 100.2% | 100.2% | 100.3% | 100.4% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.00 | 0.00 | — | — | — | — | — | — | — | 0.00 |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 11,333.7% | 6.3% | 3.8% | 1.7% | 9.2% | 8.6% | 5.3% | 4.1% | 4.1% | 5.7% |
| Efficiency | ||||||||||
| Days sales outstanding | — | — | — | — | — | — | — | 5.3 | — | — |
| Receivables turnover | — | — | — | — | — | — | — | 68.68 | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | 0.00 | 0.00 |
| Asset turnover | 7.75 | 6.34 | 6.19 | 18.99 | 5.02 | 4.47 | 5.63 | 8.08 | 7.32 | 6.45 |
| Average receivables | — | — | — | — | — | — | — | $467,580 | — | — |
| Average payables | — | — | — | — | — | — | — | — | $1.7M | $775,000 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 13.4% | 13.7% |
Computed from PBT's annual financial statements (latest annual report filed March 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PBT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Permian Basin Royalty traded at 55.3 times earnings, against a 10-year median of 19.4. Based on the latest twelve months, the trailing P/E is 94.7 and the forward P/E is 10.7. It ended the year with $0 of debt and $1.7 billion in cash and short-term investments, a net cash position of $1.7 billion. It returned $14.3 million to shareholders: $14.3 million in dividends and $0 in share buybacks, 100% of free cash flow.
See the PBT income statement, the PBT chart for price history, or the PBT stock overview for the latest quote and news.
PBT key metrics FAQ
What is Permian Basin Royalty's P/E ratio?
Permian Basin Royalty's trailing P/E ratio is 94.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.7. At the end of fiscal 2025 it was 55.3, compared with a 10-year median of 19.4.
How much debt does Permian Basin Royalty have?
Permian Basin Royalty had total debt of $0 at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Permian Basin Royalty's dividend yield?
Permian Basin Royalty's forward dividend yield is 0.72%. Permian Basin Royalty paid $14.3 million in dividends in fiscal 2025 ($0.31 per share), a payout ratio of 100.0%.
What is Permian Basin Royalty's free cash flow yield?
Permian Basin Royalty generated $14.3 million of free cash flow in fiscal 2025, a free cash flow yield of 1.8% on its market value at year-end ($791.4 million).
What is Permian Basin Royalty's current ratio?
Permian Basin Royalty's current ratio was 2.79 at the end of fiscal 2025: current assets were 2.79 times current liabilities.