Tamboran Resources Corporation

OTCPK:TBNR.L Stock Report

Market Cap: US$259.0m

Tamboran Resources Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate TBNR.L's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TBNR.L's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TBNR.L?

Key metric: As TBNR.L is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for TBNR.L. This is calculated by dividing TBNR.L's market cap by their current book value.
What is TBNR.L's PB Ratio?
PB Ratio0.9x
BookUS$275.60m
Market CapUS$258.96m

Price to Book Ratio vs Peers

How does TBNR.L's PB Ratio compare to its peers?

The above table shows the PB ratio for TBNR.L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.8x
AMPY Amplify Energy
0.6x-8.0%US$264.1m
GTE Gran Tierra Energy
0.5x-113.4%US$224.4m
REI Ring Energy
0.4x6.9%US$305.2m
PNRG PrimeEnergy Resources
1.7xn/aUS$342.1m
TBNR.L Tamboran Resources
0.9x40.1%US$398.3m

Price-To-Book vs Peers: TBNR.L is expensive based on its Price-To-Book Ratio (0.9x) compared to the peer average (0.8x).

Price to Book Ratio vs Industry

How does TBNR.L's PB Ratio compare vs other companies in the US Oil and Gas Industry?

8 CompaniesPrice / BookEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.06xn/aUS$10.27m
VTNR.Q Vertex Energy
0.05xn/aUS$7.01m
FECO.F FEC Resources
0.2xn/aUS$1.46m
VELX.Q Canadian Overseas Petroleum
0.05xn/aUS$1.10m
TBNR.L 0.9xIndustry Avg. 1.5xNo. of Companies23PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: TBNR.L is good value based on its Price-To-Book Ratio (0.9x) compared to the US Oil and Gas industry average (1.5x).

Price to Book Ratio vs Fair Ratio

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

TBNR.L PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate TBNR.L's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TBNR.L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.087
US$0.24
+174.0%
12.6%US$0.27US$0.20n/a3
Nov ’25n/a
US$0.24
0%
12.6%US$0.27US$0.20n/a3
Oct ’25n/a
US$0.23
0%
12.6%US$0.27US$0.20n/a3
Sep ’25US$0.13
US$0.23
+80.1%
12.6%US$0.27US$0.20n/a3
Aug ’25US$0.13
US$0.23
+80.1%
12.6%US$0.27US$0.20n/a3
Jul ’25US$0.15
US$0.25
+67.7%
3.9%US$0.26US$0.24n/a2
Jun ’25US$0.20
US$0.25
+25.8%
3.9%US$0.26US$0.24n/a2
May ’25US$0.21
US$0.25
+19.8%
3.9%US$0.26US$0.24n/a2
Apr ’25n/a
US$0.25
0%
3.9%US$0.26US$0.24n/a2
Mar ’25n/a
US$0.25
0%
3.9%US$0.26US$0.24n/a2
Feb ’25n/a
US$0.24
0%
1.1%US$0.24US$0.24n/a2
Jan ’25US$0.19
US$0.26
+34.6%
8.3%US$0.28US$0.23n/a2
Dec ’24US$0.098
US$49.65
+50,819.3%
9.3%US$54.28US$45.02n/a2
Nov ’24US$0.13
US$49.65
+38,089.5%
9.3%US$54.28US$45.02n/a2
Oct ’24US$0.10
US$49.65
+49,546.3%
9.3%US$54.28US$45.02n/a2
Sep ’24US$0.10
US$46.77
+46,670.7%
16.9%US$54.67US$38.87US$0.132
Aug ’24US$0.12
US$52.81
+43,907.3%
25.0%US$66.01US$39.61US$0.132
Jul ’24US$0.14
US$52.81
+36,319.8%
25.0%US$66.01US$39.61US$0.152
Jun ’24US$0.17
US$57.11
+34,302.6%
17.6%US$67.19US$47.03US$0.202
May ’24US$0.14
US$57.11
+40,985.1%
17.6%US$67.19US$47.03US$0.212
Apr ’24US$0.13
US$57.11
+42,709.8%
17.6%US$67.19US$47.03n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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