LandBridge Co. LLC (LB) intrinsic value & 10-year financials
LandBridge Co. LLC (LB) has a Graham intrinsic value of $31.22 per share. At $81.57 on Oct 17, 2026, the stock trades 161% above that value. Over the last 4 fiscal years revenue grew 65.3% a year to $199.1M, with an average return on invested capital of 12.5%.
- Graham intrinsic value
- $31.22
- Share price (Oct 17, 2026)
- $81.57
- Price vs Graham value
- 161% above
- Market cap
- $6.2B
- Revenue (FY2025)
- $199.1M
- Revenue growth (4-yr CAGR)
- 65.3%
- ROIC (10-yr avg)
- 12.5%
- Free cash flow (FY2025)
- $122.0M
LB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $199.1M | $30.1M | $0.94 | $122.0M | 59.5% | 11.0% |
| FY2024 | $110.0M | $5.1M | $0.07 | $66.7M | -15.0% | -2.4% |
| FY2023 | $72.9M | $63.2M | — | $50.3M | 96.1% | 28.8% |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LandBridge Co LLC revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
LandBridge Co LLC returns on capital have been average, hovering around 12.5% ROIC over the decade.
LandBridge Co LLC capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, LandBridge Co LLC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $31.22 per share.