Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
TPLthis companyTexas Pacific Land Corporation	$281.52	41.15×	13.57×	24.81×	29.23×	-6.0%	85.5%	74.2%	60.3%	33.0%	30.1%	2.5%	0.02×	-0.17×	858.2×	4.4×	0.7%	6	76.67	4	A-
EROKEagleRock Land LLC	$21.13	2,184×	-13.07×	3.85×	46.36×	3405.9%	49.1%	2.9%	0.3%	-0.9%	0.3%	1.6%	-7.21×	15.93×	10.64×	4.61×	0.0%	—	—	3	B
KRPKimbell Royalty Partners, LP	$15.07	18.97×	1.55×	3.2×	11.08×	158.2%	93.9%	39.8%	27.2%	13.2%	10.9%	23.0%	0.65×	3.06×	3.85×	8.64×	17.5%	6	2.71	3	B+
LBLandBridge Company LLC	$68.28	41.52×	4.01×	6.85×	15.07×	197.8%	91.0%	59.5%	15.1%	8.9%	7.8%	8.9%	1.65×	4.21×	3.62×	4.87×	4.7%	7	7.66	2	C
VNOMViper Energy, Inc.	$40.50	-80.48×	1.24×	4.09×	16.06×	-1117.2%	47.9%	43.0%	-5.1%	-1.5%	4.2%	-24.9%	0.49×	4.55×	6.03×	3.72×	6.0%	6	5.83	3	B-
Peer median	—	30.24×	1.39×	3.97×	15.57×	178.0%	70.0%	41.4%	7.7%	4.0%	6.0%	5.3%	0.57×	4.38×	4.94×	4.74×	5.3%	6	5.83	3	—