Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Texas Pacific Land Corp., EBITDA calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Texas Pacific Land Corp. EBITDA increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Texas Pacific Land Corp., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 29,822,736) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 532,318) |
| Valuation Ratio | |
| EV/EBITDA | 56.02 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Chevron Corp. | 5.81 |
| ConocoPhillips | 5.62 |
| Expand Energy Corp. | 30.52 |
| Exxon Mobil Corp. | 6.76 |
| Occidental Petroleum Corp. | 5.59 |
| EV/EBITDA, Sector | |
| Oil, Gas & Consumable Fuels | 5.83 |
| EV/EBITDA, Industry | |
| Energy | 5.87 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Texas Pacific Land Corp., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 10,949,083) | 13,255,177) | 7,410,929) | 8,342,714) | 4,956,658) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 532,318) | 584,231) | 379,274) | 234,057) | 411,161) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 20.57 | 22.69 | 19.54 | 35.64 | 12.06 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Chevron Corp. | 6.34 | 4.74 | 7.18 | 18.57 | — | |
| ConocoPhillips | 5.64 | 3.82 | 6.34 | 23.12 | — | |
| Expand Energy Corp. | 2.49 | 2.45 | 1.34 | — | — | |
| Exxon Mobil Corp. | 5.81 | 4.54 | 7.07 | 16.97 | — | |
| Occidental Petroleum Corp. | 5.41 | 3.70 | 5.30 | — | — | |
| EV/EBITDA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 5.81 | 4.35 | 6.50 | 24.59 | — | |
| EV/EBITDA, Industry | ||||||
| Energy | 6.01 | 4.60 | 6.74 | 36.95 | — | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 10,949,083 ÷ 532,318 = 20.57
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Texas Pacific Land Corp. EV/EBITDA ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level. |