Sabine Royalty Trust (SBR) Key Metrics
SBR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.06B
- Enterprise value
- $1.04B
- P/E (TTM)
- 14.8 10-yr median 12.1
- Forward P/E
- 10.4
- PEG ratio
- 1.35
- Price / sales
- 14.0 10-yr median 11.4
- Price / book
- 125.4 10-yr median 108.9
- EV / EBITDA
- 14.7 10-yr median 11.3
- Dividend yield
- 5.89% $4.27 a year
- Beta
- 0.29
SBR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSBR valuation Price multiples at each fiscal year-end price.
SBR returns How much profit the business earns on the capital it uses.
SBR per-share figures Results divided by the shares outstanding at year-end.
SBR financial health Debt, liquidity and how easily interest is covered.
SBR efficiency & capital use Working capital cycle and where the cash goes.
SBR valuation history
SBR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SBR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SBR cash returned to shareholders
SBR price vs earnings per share
SBR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $999.7M | $944.9M | $989.4M | $1.25B | $607.7M | $411.4M | $587.5M | $543.5M | $650.2M | $512.5M |
| Enterprise value | $992.1M | $935.7M | $980.0M | $1.23B | $591.5M | $406.6M | $580.8M | $534.3M | $645.2M | $507.5M |
| P/E ratio | 13.6 | 11.9 | 11.0 | 10.2 | 10.5 | 12.4 | 13.3 | 10.9 | 18.7 | 18.7 |
| Price / sales | 13.0 | 11.4 | 10.6 | 9.9 | 10.0 | 11.3 | 12.6 | 10.4 | 17.5 | 17.1 |
| Price / book | 146.0 | 108.5 | 115.6 | 109.2 | 40.8 | 103.2 | 104.0 | 95.9 | 141.5 | 115.9 |
| Price / free cash flow | 13.6 | 11.9 | — | 10.2 | 10.5 | — | 13.4 | 10.9 | 18.7 | 18.7 |
| Price / operating cash flow | 13.6 | 11.9 | — | 10.2 | 10.5 | — | 13.4 | 10.9 | 18.7 | 18.7 |
| EV / sales | 12.9 | 11.3 | 10.5 | 9.8 | 9.7 | 11.2 | 12.4 | 10.2 | 17.4 | 16.9 |
| EV / EBITDA | 13.5 | 11.7 | 10.9 | 10.0 | 10.2 | 2.1 | 13.2 | 10.7 | 18.6 | 18.5 |
| EV / free cash flow | 13.5 | 11.8 | — | 10.0 | 10.2 | — | 13.2 | 10.7 | 18.6 | 18.5 |
| Earnings yield | 7.3% | 8.4% | 9.1% | 9.8% | 9.5% | 8.1% | 7.5% | 9.2% | 5.3% | 5.4% |
| Free cash flow yield | 7.3% | 8.4% | −9.4% | 9.8% | 9.5% | −0.4% | 7.5% | 9.2% | 5.3% | 5.4% |
| Dividend yield | 7.5% | 8.4% | 9.4% | 10.1% | 7.7% | 8.5% | 7.5% | 9.0% | 5.3% | 5.5% |
| Shareholder yield (dividends + buybacks) | 7.5% | 8.4% | 9.4% | 10.1% | 7.7% | 8.5% | 7.5% | 9.0% | 5.3% | 5.5% |
| Share price at fiscal year-end | $68.57 | $64.81 | $67.86 | $85.45 | $41.68 | $28.22 | $40.30 | $37.28 | $44.60 | $35.15 |
| Per share | ||||||||||
| Revenue per share | $5.29 | $5.66 | $6.38 | $8.63 | $4.18 | $2.49 | $3.21 | $3.59 | $2.55 | $2.06 |
| Earnings per share | $5.04 | $5.46 | $6.19 | $8.42 | $3.97 | $2.28 | $3.02 | $3.42 | $2.38 | $1.88 |
| Operating cash flow per share | $5.04 | $5.46 | −$6.38 | $8.42 | $3.97 | −$0.11 | $3.02 | $3.42 | $2.38 | $1.88 |
| Free cash flow per share | $5.04 | $5.46 | −$6.38 | $8.42 | $3.97 | −$0.11 | $3.02 | $3.42 | $2.38 | $1.88 |
| Cash per share | $0.52 | $0.63 | $0.64 | $1.11 | $1.11 | $0.33 | $0.46 | $0.63 | $0.35 | $0.34 |
| Book value per share | $0.47 | $0.60 | $0.59 | $0.78 | $1.02 | $0.27 | $0.39 | $0.39 | $0.32 | $0.30 |
| Tangible book value per share | $0.46 | $0.59 | $0.58 | $0.77 | $1.01 | $0.26 | $0.37 | $0.37 | $0.30 | $0.28 |
| Dividends per share | $5.16 | $5.45 | $6.38 | $8.65 | $3.22 | $2.40 | $3.02 | $3.35 | $2.37 | $1.93 |
| 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 | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M | 14.6M |
| 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 equity (ROE) | 944.3% | 922.5% | 903.9% | 932.3% | 612.3% | 691.3% | 778.4% | 973.2% | 770.2% | 572.2% |
| Return on assets (ROA) | 869.5% | 852.3% | 701.8% | 752.6% | 543.8% | 561.4% | 537.8% | 675.0% | 657.5% | 484.2% |
| Return on tangible assets | 969.6% | 868.5% | 966.0% | 758.8% | 357.4% | 694.9% | 654.7% | 539.8% | 682.9% | 553.8% |
| Free cash flow margin | 95.3% | 96.4% | −100.0% | 97.6% | 95.0% | −4.4% | 94.2% | 95.3% | 93.4% | 91.4% |
| Income quality (OCF / net income) | 1.00 | 1.00 | −1.03 | 1.00 | 1.00 | −0.05 | 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 | $7.6M | $9.2M | $9.3M | $16.2M | $16.2M | $4.8M | $6.7M | $9.3M | $5.1M | $5.0M |
| Net debt | −$7.6M | −$9.2M | −$9.3M | −$16.2M | −$16.2M | −$4.8M | −$6.7M | −$9.3M | −$5.1M | −$5.0M |
| 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 | −0.10 | −0.12 | −0.10 | −0.13 | −0.28 | −0.02 | −0.15 | −0.19 | −0.15 | −0.18 |
| Current ratio | 26.20 | 29.41 | 18.37 | 76.73 | 65.76 | 23.63 | 5.32 | 2.44 | 6.91 | 6.12 |
| Quick ratio | 26.20 | 29.41 | 18.37 | 76.73 | 65.76 | 23.63 | 5.32 | 2.44 | 6.91 | 6.12 |
| Working capital | $7.3M | $8.9M | $8.8M | $16.0M | $15.9M | $4.6M | $5.5M | $5.5M | $4.3M | $4.2M |
| Invested capital | −$726,678 | −$462,810 | −$783,517 | −$4.8M | −$1.3M | −$805,231 | −$1.1M | −$3.6M | −$491,277 | −$537,858 |
| Tangible asset value | $6.8M | $8.6M | $8.5M | $11.3M | $14.8M | $3.8M | $5.5M | $5.5M | $4.3M | $4.2M |
| Net current asset value | $6.8M | $8.6M | $8.5M | $11.3M | $14.8M | $3.8M | $5.5M | $5.5M | $4.3M | $4.2M |
| Graham number | $7.30 | $8.57 | $9.04 | $12.17 | $9.56 | $3.75 | $5.13 | $5.47 | $4.11 | $3.59 |
| Graham net-net per share | $0.46 | $0.59 | $0.58 | $0.77 | $1.01 | $0.26 | $0.37 | $0.37 | $0.30 | $0.28 |
| Capital allocation | ||||||||||
| Dividends paid | $75.3M | $79.5M | $93.1M | $126.2M | $46.9M | $34.9M | $44.0M | $48.8M | $34.5M | $28.2M |
| Dividend payout ratio | 102.5% | 99.8% | 103.1% | 102.8% | 81.1% | 104.9% | 100.0% | 97.8% | 99.4% | 102.6% |
| Dividends + buybacks / free cash flow | 102.5% | 99.8% | — | 102.8% | 81.1% | — | 100.0% | 97.9% | 99.5% | 102.8% |
| 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% | 0.0% | 0.0% |
| Capex / depreciation | — | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 5.3% | 4.3% | 3.8% | 2.6% | 5.0% | 8.4% | 6.1% | 5.0% | 6.7% | 8.5% |
| Efficiency | ||||||||||
| Days payables outstanding | — | — | — | — | — | — | — | — | -6,968.8 | -37,816.2 |
| Payables turnover | — | — | — | — | — | — | — | — | −0.05 | −0.01 |
| Asset turnover | 9.12 | 8.84 | 7.23 | 7.71 | 5.72 | 6.12 | 5.71 | 7.08 | 7.04 | 5.29 |
| Average payables | — | — | — | — | — | — | — | — | $773,515 | $872,155 |
| Intangibles / total assets | 0.9% | 0.9% | 1.0% | 0.7% | 0.8% | 3.2% | 2.7% | 2.3% | 4.6% | 5.2% |
Computed from SBR's annual financial statements (latest annual report filed February 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.
SBR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Sabine Royalty traded at 13.6 times earnings, against a 10-year median of 12.1. Based on the latest twelve months, the trailing P/E is 14.8 and the forward P/E is 10.4. Sabine Royalty earned a return on equity of 944.3% in fiscal 2025. It ended the year with $0 of debt and $7.6 million in cash and short-term investments, a net cash position of $7.6 million. It returned $75.3 million to shareholders: $75.3 million in dividends and $0 in share buybacks, 103% of free cash flow.
See the SBR income statement, the SBR chart for price history, or the SBR stock overview for the latest quote and news.
SBR key metrics FAQ
What is Sabine Royalty's P/E ratio?
Sabine Royalty's trailing P/E ratio is 14.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.4. At the end of fiscal 2025 it was 13.6, compared with a 10-year median of 12.1.
What is Sabine Royalty's EV/EBITDA?
Sabine Royalty's enterprise value was 13.5 times EBITDA at the end of fiscal 2025 (enterprise value $992.1 million, EBITDA $73.4 million); the current EV/EBITDA is 14.7.
What is Sabine Royalty's return on equity?
Sabine Royalty's return on equity (ROE) was 944.3% in fiscal 2025: net income of $73.4 million on average shareholders' equity of $7.8 million.
How much debt does Sabine Royalty have?
Sabine 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 Sabine Royalty's dividend yield?
Sabine Royalty's forward dividend yield is 5.89%. Sabine Royalty paid $75.3 million in dividends in fiscal 2025 ($5.16 per share), a payout ratio of 102.5%.
What is Sabine Royalty's free cash flow yield?
Sabine Royalty generated $73.4 million of free cash flow in fiscal 2025, a free cash flow yield of 7.3% on its market value at year-end ($999.7 million).
What is Sabine Royalty's current ratio?
Sabine Royalty's current ratio was 26.20 at the end of fiscal 2025: current assets were 26.20 times current liabilities.