LandBridge Company LLC (LB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of LandBridge Company LLC stock $20.70, price $65.10, that is 68.2% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
28‑month range $22.68 – $89.59 · fair‑value band $8.94 – $37.06 · the $65.10 price screens above the $20.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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LandBridge Company LLC, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico.
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The company holds a portfolio of oil and gas royalties. It sells brackish water and other surface composite materials. The company was founded in 2021 and is headquartered in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.
Stock analysis
LandBridge Company LLC (LB) currently trades at $65.10, while our model-based Fair Value estimate is $20.70, 68% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $15.78 per share, and 0 of the 26 models we run sit above the $65.10 price.
Bear case: the Economic Profit group reads lowest at $4.00, and 26 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $8.94 (bear) to $37.06 (bull), the price of $65.10 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
LandBridge Company LLC reported revenue of $199M in FY2025 versus $51.8M in FY2022, a compound +56.7%/yr. Reported net income was $30.1M in FY2025.
Key figures
Market cap $5.1B Mid · P/E ratio 49.7 · P/S ratio 7.78 · EPS (TTM) $1.31 · Dividend yield 0.7% · Net margin 16.5% · Return on equity 11.5% · Return on assets (EBIT) 7.5% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 48% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −68%, LB screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($1.27 to $25.33). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$8.94Fair Value $20.70Bull$37.06
Price $65.10 · Downside -68.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.7437 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors sold shares worth $187.6M and none bought.
SaleDavid N CapobiancoDirector, 10% owner2× since Nov 18, 2025: 3,750,000 shares, avg. $71.68$268.8MAug 7, 2026
SaleFive Point Energy GP II LLCDirector, 10% owner1,250,000 shares at $75.05$93.8MAug 7, 2026
SaleCharles L. WatsonDirector53,350 shares at $74.50$4.0MMar 6, 2026
BuyScott Lloyd McNeelyOfficer549 shares at $45.49$24,974Jan 6, 2026
BuyJason Thomas LongOfficer, Director2,143 shares at $46.59$99,842Jan 5, 2026
BuyHarrison Fenner BollingOfficer850 shares at $46.84$39,814Jan 5, 2026
SaleFive Point Energy GP III LPDirector, 10% owner2,500,000 shares at $70.00$175.0MNov 18, 2025
SaleFive Point Energy Fund III AIV-VIII LPDirector, 10% owner2,500,000 shares at $70.00$175.0MNov 18, 2025
Plus 14 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+81.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+56.7%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
−3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.1%
Dividend (yield on the price)0.7%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−6% → 60%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+21.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +3.1% a year for the price and +18.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: High gross margins from an asset-light model with surface fees and royalties in the Delaware Basin stand out, yet low ROE and elevated debt point to limited durable advantage.
Main risk: New Texas RRC guidelines on expanded area-of-review, injection pressure and volume limits for saltwater disposal wells in the Permian could restrict produced water handling volumes on LandBridge acreage and reduce related surface use royalties and fees.
Bull case: LandBridge could expand data center and power leases on its contiguous acreage to offset any water handling constraints and broaden its fee-based revenue base beyond traditional operators.
Bear case: Tighter produced water regulations combined with reduced activity from key partners like WaterBridge could sharply lower surface use volumes and compress the high-margin royalties that drive most cash flows.
LandBridge controls extensive surface acreage in the Delaware Basin of the Permian and earns high-margin fees from water handling, easements and other support services plus oil and gas royalties. This asset-light model generates strong cash flows tied to operator activity in the basin. Our models see the shares as overvalued, so does the recent refinancing of revolving debt into fixed-rate notes mainly lock in stability or enable broader growth in surface revenues?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 239 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−68.2% · Bottom 25%
Profitability
Return on equity (12 months)11.5% · Above median
Return on assets5.3% · Above median
Net margin (12 months)39.6% · Top 25%
Operating margin (12 months)66.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)40.6% · Above median
Dividend yield (12 months)0.7% · Bottom 25%
Balance sheet
Debt / equity1.64× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "LandBridge Company LLC Fair Value". https://www.fairvalue-calculator.com/stock/LB
Frequently asked questions
Is LandBridge Company LLC (LB) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $20.70 versus a price of $65.10, about 68% lower (overvalued).
What is the fair value of LB?
Our model-based fair value for LandBridge Company LLC is $20.70 (as of Nov 7, 2026), built from audited fundamentals. The current price: $65.10.
What is the quality score of LB?
LandBridge Company LLC has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for LandBridge Company LLC (LB)?
Our model-based price target is the fair value of $20.70 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario $8.94, optimistic scenario $37.06. It is a calculation from audited fundamentals, not an analyst target.
What is the LandBridge Company LLC stock forecast for 2026?
Our models put fair value at $20.70, about 68% lower versus a price of $65.10 (overvalued). Cautious scenario $8.94, optimistic scenario $37.06. The calculation is refreshed regularly with new filings.
What is the revenue of LandBridge Company LLC (LB)?
LandBridge Company LLC reported trailing-twelve-month revenue of about $225M (latest available figure, as of Nov 7, 2026).
Does LandBridge Company LLC pay a dividend?
LandBridge Company LLC currently shows a dividend yield of 0.68% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of LandBridge Company LLC (LB) and when is the ex-dividend date?
LandBridge Company LLC pays a dividend of $0.44 per share a year, a dividend yield of 0.7%. The last ex-dividend date was Aug 27, 2026. The payout ratio is 33.6% of earnings. Free cash flow covers the dividend 9.35 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into LandBridge Company LLC (LB)?
For today's price to be fair in a discounted-cash-flow model, LandBridge Company LLC would have to grow free cash flow by +5.6 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +56.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of LB use?
Our models discount LandBridge Company LLC at 8.5 %: a base by market capitalisation (mid), damped by beta 0.20, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For LandBridge Company LLC that is +5.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has LandBridge Company LLC (LB) delivered so far?
Over the past 3 years revenue at LandBridge Company LLC grew +56.7 % a year. The price currently implies free-cash-flow growth of +5.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of LandBridge Company LLC (LB) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into LandBridge Company LLC (+5.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of LandBridge Company LLC (LB)?
The free-cash-flow yield on the price is 6.73 %: that much free cash flow LandBridge Company LLC produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LandBridge Company LLC (LB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LandBridge Company LLC it is $20.70 per share (as of Nov 7, 2026), against a price of $65.10. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is LandBridge Company LLC stock overvalued or undervalued in 2026?
As of Nov 7, 2026, LB trades above its calculated fair value: price $65.10, fair value $20.70, a gap of about −68% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LB?
No. The price is what the market pays today ($65.10); the fair value is what the company's own numbers justify ($20.70). For LandBridge Company LLC the two are $44.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is LandBridge Company LLC worth?
The market values LandBridge Company LLC at about $5.1B (market capitalisation, as of Nov 7, 2026). Per share that is $65.10; our models calculate a fair value of $20.70 per share.
What do the bullish and bearish scenarios say about LB?
Our models span a range for LandBridge Company LLC: cautious scenario $8.94, base $20.70, optimistic $37.06 per share (as of Nov 7, 2026, price $65.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LB?
LandBridge Company LLC trades at a price-to-earnings ratio of 49.7 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $20.70 is built from several models across several years. Other multiples: P/B 15.0, P/S 54.4, EV/EBITDA 88.2.
How solid is the balance sheet of LandBridge Company LLC (LB)?
Balance-sheet figures for LandBridge Company LLC (as of Nov 7, 2026): return on equity 11.5%, debt of 1.64 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is LB from its 52-week high?
LandBridge Company LLC trades at $65.10, about 27% below its 52-week high of $89.59 and 48% above the low of $44.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $20.70 is for.
Which stocks are comparable to LandBridge Company LLC?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is LandBridge Company LLC stock attractive at the current price?
The data as of Nov 7, 2026: price $65.10, calculated fair value $20.70 (−68%), Quality Score 56/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LB calculated?
We run LandBridge Company LLC through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $20.70 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. LandBridge Company LLC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of LandBridge Company LLC (LB)?
The closing price on Nov 6, 2026 was $65.10. Our model-based fair value is $20.70, about 68% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LandBridge Company LLC right now?
The price sits above even our optimistic bull case ($37.06). The favourable scenario is already priced in. The model range is unusually wide ($8.94 to $37.06). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of LandBridge Company LLC
How large is the market capitalisation of LandBridge Company LLC (LB)?
The market capitalisation of LandBridge Company LLC is $5.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of LandBridge Company LLC (LB)?
The price-to-sales ratio of LandBridge Company LLC is 7.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of LandBridge Company LLC (LB)?
Earnings per share at LandBridge Company LLC are $1.31 (price ÷ EPS = P/E 49.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of LandBridge Company LLC (LB)?
The dividend yield of LandBridge Company LLC is 0.7% (payout 33.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of LandBridge Company LLC (LB)?
The net margin of LandBridge Company LLC is 16.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of LandBridge Company LLC (LB)?
The return on equity (ROE) of LandBridge Company LLC is 11.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of LandBridge Company LLC (LB)?
On an EBIT basis the return on assets of LandBridge Company LLC is 7.5% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of LandBridge Company LLC (LB)?
The operating margin of LandBridge Company LLC is 66.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LandBridge Company LLC (LB)?
Revenue at LandBridge Company LLC is growing +40.6% versus a year earlier (3y avg +56.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at LandBridge Company LLC (LB)?
Earnings per share at LandBridge Company LLC are growing +67.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does LandBridge Company LLC (LB) hold?
LandBridge Company LLC holds more cash than debt, $30.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026