PermRock Royalty Trust (PRT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of PermRock Royalty Trust stock $4.26, price $1.42, upside +200.0%, quality 73 out of 100. Rating: strongly undervalued. Calculated from audited financials with 12 of our 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 9, 2026.
How to read this chart
60‑month range $1.34 – $6.94 · fair‑value band $3.20 – $5.33 · the $1.42 price screens below the $4.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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PermRock Royalty Trust operates as a statutory trust in the United States. The company owns interests in oil and natural gas producing properties. Its underlying properties consist of 22,394 net acres located in the Permian Basin. The company was incorporated in 2017 and is based in Dallas, Texas.
Stock analysis
PermRock Royalty Trust (PRT) currently trades at $1.42, while our model-based Fair Value estimate is $4.26, implying the stock looks roughly 67% undervalued today.
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Valuation
How firm this estimate is: it rests on 12 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: $3.20 (bear) to $5.33 (bull), the price of $1.42 sits below 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 73/100 (solid quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
PermRock Royalty Trust reported revenue of $5.6M in FY2025 versus $8.1M in FY2021, a compound −8.9%/yr. Reported net income was $4.7M in FY2025, compounding −10.6%/yr from FY2021.
Key figures
Market cap $22.0M Micro · P/E ratio 5.9 · P/S ratio 5.97 · EPS (TTM) $0.2400 · Net margin 77.5% · Return on equity 5.8% · Return on assets (EBIT) 11.1% (5-year average) · Operating margin 57.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 62% below its 52-week high and 6% 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 200%, PRT screens cheaper than that median.
Fair Value models
Bear$3.20Fair Value $4.26Bull$5.33
Price $1.42 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 ($0.0043 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, no officer or director bought or sold shares on the open market.
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.11/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.8%
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.
−24.8%
Revenue growth 9 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.
−11.9%
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What shareholders gained per year (last 5 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 5 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.
−8.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.6%
Dividend (yield on the price)0.0%
Profit margin 2020 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.60% → 84%
⚠ Revenue per share shrinking 14.2%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)5.8% · Below median
Return on assets17.0% · Top 25%
Net margin (12 months)77.5% · Top 25%
Operating margin (12 months)57.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−54.6% · Bottom 25%
Dividend yield (12 months)16.5% · Top 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
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Is PermRock Royalty Trust (PRT) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $4.26 versus a price of $1.42, about +200% upside (undervalued).
What is the fair value of PRT?
Our model-based fair value for PermRock Royalty Trust is $4.26 (as of Nov 9, 2026), built from audited fundamentals. The current price: $1.42.
What is the quality score of PRT?
PermRock Royalty Trust has a Quality Score of 73/100. 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 PermRock Royalty Trust (PRT)?
Our model-based price target is the fair value of $4.26 (as of Nov 9, 2026) from 12 valuation models. Cautious scenario $3.20, optimistic scenario $5.33. It is a calculation from audited fundamentals, not an analyst target.
What is the PermRock Royalty Trust stock forecast for 2026?
Our models put fair value at $4.26, about +200% upside versus a price of $1.42 (undervalued). Cautious scenario $3.20, optimistic scenario $5.33. The calculation is refreshed regularly with new filings.
What is the revenue of PermRock Royalty Trust (PRT)?
PermRock Royalty Trust reported trailing-twelve-month revenue of about $3.7M (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of PermRock Royalty Trust (PRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PermRock Royalty Trust it is $4.26 per share (as of Nov 9, 2026), against a price of $1.42. It is the blended result of 12 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PermRock Royalty Trust stock overvalued or undervalued in 2026?
As of Nov 9, 2026, PRT trades below its calculated fair value: price $1.42, fair value $4.26, a gap of about +200% (undervalued). 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 PRT?
No. The price is what the market pays today ($1.42); the fair value is what the company's own numbers justify ($4.26). For PermRock Royalty Trust the two are $2.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is PermRock Royalty Trust worth?
The market values PermRock Royalty Trust at about $22.0M (market capitalisation, as of Nov 9, 2026). Per share that is $1.42; our models calculate a fair value of $4.26 per share.
What do the bullish and bearish scenarios say about PRT?
Our models span a range for PermRock Royalty Trust: cautious scenario $3.20, base $4.26, optimistic $5.33 per share (as of Nov 9, 2026, price $1.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PRT?
PermRock Royalty Trust trades at a price-to-earnings ratio of 5.9 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.26 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 8.0. Other multiples: P/B 0.8, P/S 6.0.
How solid is the balance sheet of PermRock Royalty Trust (PRT)?
Balance-sheet figures for PermRock Royalty Trust (as of Nov 9, 2026): return on equity 5.8%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is PRT from its 52-week high?
PermRock Royalty Trust trades at $1.42, about 62% below its 52-week high of $3.75 and 6% above the low of $1.34 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.26 is for.
Which stocks are comparable to PermRock Royalty Trust?
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 PermRock Royalty Trust stock attractive at the current price?
The data as of Nov 9, 2026: price $1.42, calculated fair value $4.26 (+200%), Quality Score 73/100, from 12 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 PRT calculated?
We run PermRock Royalty Trust through 12 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $4.26 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 13.3% above its aggregate fair value. PermRock Royalty Trust currently trades 67% below its own fair value, and the market average says nothing about that. 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 PermRock Royalty Trust (PRT)?
The closing price on Nov 6, 2026 was $1.42. Our model-based fair value is $4.26, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PermRock Royalty Trust right now?
The price is below even our cautious bear case ($3.20). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (73/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of PermRock Royalty Trust
How large is the market capitalisation of PermRock Royalty Trust (PRT)?
The market capitalisation of PermRock Royalty Trust is $22.0M. 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 PermRock Royalty Trust (PRT)?
The price-to-sales ratio of PermRock Royalty Trust is 5.97 (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 PermRock Royalty Trust (PRT)?
Earnings per share at PermRock Royalty Trust are $0.2400 (price ÷ EPS = P/E 5.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PermRock Royalty Trust (PRT)?
The net margin of PermRock Royalty Trust is 77.5% (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 PermRock Royalty Trust (PRT)?
The return on equity (ROE) of PermRock Royalty Trust is 5.8% (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 PermRock Royalty Trust (PRT)?
On an EBIT basis the return on assets of PermRock Royalty Trust is 11.1% (avg 5y). 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 PermRock Royalty Trust (PRT)?
The operating margin of PermRock Royalty Trust is 57.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PermRock Royalty Trust (PRT)?
Revenue at PermRock Royalty Trust is growing −54.6% versus a year earlier (3y avg −24.8%). 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 PermRock Royalty Trust (PRT)?
Earnings per share at PermRock Royalty Trust are growing −65.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PermRock Royalty Trust (PRT) generate?
The free cash flow of PermRock Royalty Trust is −$4.2B (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does PermRock Royalty Trust (PRT) hold?
PermRock Royalty Trust holds more cash than debt, $1.2B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026