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Permian Basin Royalty Trust NYSE:PBT Stock Report

Last Price


Market Cap







06 Jul, 2022


Company Financials
PBT fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health6/6

PBT Stock Overview

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States.

Permian Basin Royalty Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Permian Basin Royalty Trust
Historical stock prices
Current Share PriceUS$14.53
52 Week HighUS$23.08
52 Week LowUS$4.64
1 Month Change-24.01%
3 Month Change19.88%
1 Year Change176.24%
3 Year Change150.09%
5 Year Change61.09%
Change since IPO137.22%

Recent News & Updates

Jun 26

Permian Basin Royalty Trust Has Become Risky From A Long-Term Perspective

PBT has more than tripled in the last 12 months thanks to the rally of the prices of oil and gas to 13-year highs. As the sanctions of western countries on Russia are not likely to be withdrawn anytime soon, PBT will continue thriving in the short run. However, most countries are investing in renewable energy projects at full throttle in order to reduce their dependence on Russia. When the market turns its focus on the secular shift from fossil fuels to clean energy sources, PBT will probably have significant downside risk.

Shareholder Returns

PBTUS Oil and GasUS Market

Return vs Industry: PBT exceeded the US Oil and Gas industry which returned 27.3% over the past year.

Return vs Market: PBT exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is PBT's price volatile compared to industry and market?
PBT volatility
PBT Average Weekly Movement10.4%
Oil and Gas Industry Average Movement9.1%
Market Average Movement8.2%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.4%

Stable Share Price: PBT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PBT's weekly volatility (10%) has been stable over the past year.

About the Company


Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, Devonian, and Waddell fields located in Crane County, Texas. As of December 31, 2021, the Waddell Ranch properties contained 268 net productive oil wells, 38 net productive gas wells, and 50 net injection wells.

Permian Basin Royalty Trust Fundamentals Summary

How do Permian Basin Royalty Trust's earnings and revenue compare to its market cap?
PBT fundamental statistics
Market CapUS$709.39m
Earnings (TTM)US$12.62m
Revenue (TTM)US$13.77m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBT income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$13.77m
Other ExpensesUS$1.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.27
Gross Margin100.00%
Net Profit Margin91.66%
Debt/Equity Ratio0.0%

How did PBT perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is PBT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PBT?

Other financial metrics that can be useful for relative valuation.

PBT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue51.4x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PBT's PE Ratio compare to its peers?

PBT PE Ratio vs Peers
The above table shows the PE ratio for PBT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.8x
SD SandRidge Energy
GPRK GeoPark
SBR Sabine Royalty Trust
GTE Gran Tierra Energy
PBT Permian Basin Royalty Trust

Price-To-Earnings vs Peers: PBT is expensive based on its Price-To-Earnings Ratio (53.7x) compared to the peer average (6.8x).

Price to Earnings Ratio vs Industry

How does PBT's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Earnings vs Industry: PBT is expensive based on its Price-To-Earnings Ratio (53.7x) compared to the US Oil and Gas industry average (11.3x)

Price to Earnings Ratio vs Fair Ratio

What is PBT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PBT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PBT's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of PBT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PBT ($14.53) is trading above our estimate of fair value ($5.75)

Significantly Below Fair Value: PBT is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PBT's PEG Ratio to determine if it is good value.

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Future Growth

How is Permian Basin Royalty Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Permian Basin Royalty Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Past Performance

How has Permian Basin Royalty Trust performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PBT has high quality earnings.

Growing Profit Margin: PBT's current net profit margins (91.7%) are higher than last year (86.8%).

Past Earnings Growth Analysis

Earnings Trend: PBT's earnings have declined by 24% per year over the past 5 years.

Accelerating Growth: PBT's earnings growth over the past year (83.7%) exceeds its 5-year average (-24% per year).

Earnings vs Industry: PBT earnings growth over the past year (83.7%) underperformed the Oil and Gas industry 102.2%.

Return on Equity

High ROE: PBT's Return on Equity (3748.9%) is considered outstanding.

Discover strong past performing companies

Financial Health

How is Permian Basin Royalty Trust's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PBT's short term assets ($2.0M) exceed its short term liabilities ($902.7K).

Long Term Liabilities: PBT's short term assets ($2.0M) exceed its long term liabilities ($1.1M).

Debt to Equity History and Analysis

Debt Level: PBT is debt free.

Reducing Debt: PBT has not had any debt for past 5 years.

Debt Coverage: PBT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PBT has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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What is Permian Basin Royalty Trust current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PBT's dividend (2.56%) is higher than the bottom 25% of dividend payers in the US market (1.61%).

High Dividend: PBT's dividend (2.56%) is low compared to the top 25% of dividend payers in the US market (4.27%).

Stability and Growth of Payments

Stable Dividend: PBT's dividends per share have been stable in the past 10 years.

Growing Dividend: PBT's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (99.8%), PBT's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Permian Basin Royalty Trust has no CEO, or we have no data on them.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Permian Basin Royalty Trust's employee growth, exchange listings and data sources

Key Information

  • Name: Permian Basin Royalty Trust
  • Ticker: PBT
  • Exchange: NYSE
  • Founded: 1980
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$709.386m
  • Shares outstanding: 46.61m
  • Website:


  • Permian Basin Royalty Trust
  • 2911 Turtle Creek Boulevard
  • Suite 850
  • Dallas
  • Texas
  • 75219
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/07/06 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.