NAS10027,087+1.72%S&P7,401+0.65%GOLD$4,073−1.00%BTC$75,828−0.15%VIX24.55−12.88%latest tape · as of 20:03 UTC
The Screen · Energy · Oil & Gas Equipment & Services
LandBridge Company LLC
LB · the NYSE · USD · Market cap $5.4B
LandBridge Company LLC, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States.
FAIL · Does not pass the screen
61.88 USD
Price as of 5 Nov 2026Daily close, not a live quote
Screened 2026-11-05 · the tape above runs as of 20:03 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
Price61.88 USD at the 5 Nov 2026 close
Our value readOvervalued vs our fair value, as of 5 Nov 2026
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.81, read 2026-11-03
Ethical does not pass the values gate
Price61.88 USD
Fair value55.12
Ethical score70.0/100
Value readOvervaluedas of 5 Nov 2026
Our investment reviews on this name
2026-11-01Read Accumulation83.59-26.0% to today Markdown gives way to Accumulation
2026-10-18Read Markdown87.33-29.1% to today ✓Accumulation gives way to Markdown after an 8% rise in 7 days
2026-10-11Read Accumulation80.77-23.4% to today Markdown gives way to Accumulation
2026-10-02Read Markdown80.77-23.4% to today ✓Markup gives way to Markdown after a 6% slide in 4 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
LandBridge Company LLC holds its Markdown at $61.88. The statistical read favours the sellers, held for 188 days.
As held on the ledger · 2026-11-05
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 188 days
Price at the screen
$61.88
Valuation
61.29 trailing · 30.43 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.20
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
41.01%
Below 33%
Interest-bearing debt is 41.0% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
3.67%
Below 49%
Money owed to the company is 3.7% of assets, under the 49% limit.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
LandBridge Company LLC's business is in a permissible area, but its interest-bearing debt is about 41% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Overvalued vs our fair value, as of 5 Nov 2026: it trades above our $55.12 fair value estimate, 40.60% revenue growth.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. The price runs 12.3% above the base estimate.
Third-party analyst targets. The average target sits +47% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Where our models see it going: fair-value estimate $55.12, with a range of $55.12 to $63.39, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Oil patch land comes at a steep price
Every barrel pulled from the Delaware Basin rests on ground that LandBridge controls, yet the company trades at 33.5 times forward earnings while our fair value sits 34 percent lower. Revenue growth of 16 percent and a 16 percent profit margin look respectable on paper, but the 10 percent return on equity shows limited pricing power once drilling slows. Analysts may rate the shares a buy with an $83 target, yet the market already prices in perfection that a cyclical business rarely delivers.
We pass because the valuation leaves no margin of safety and the business sits in an industry where earnings peaks often coincide with the highest multiples. Ethical screens clear without issue, yet that alone does not turn an expensive holding into a sensible one. The unknown competitive moat adds another layer of uncertainty around long-term pricing.
Cyclical energy exposure means today’s growth can flip to contraction quickly, and a low multiple at the top of the cycle is usually a warning rather than a bargain. Revenue and margins will follow rig counts and commodity prices, not steady compounding. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
LB trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-04Accumulation$78.98-5.5%Entry 17
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 5.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 13% above its long-term trend line with momentum reading bearish. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-03Accumulation$83.59+0.0%Entry 16
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 13% above its long-term trend line with momentum reading bearish. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Accumulation$83.59+0.0%Entry 15
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 13% above its long-term trend line with momentum reading bearish. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81. It reported earnings in this window, a natural checkpoint for the thesis.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 13% above its long-term trend line with momentum reading bearish. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Markdown$79.14+0.0%Entry 13
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 13% above its long-term trend line with momentum reading bearish. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Markdown$79.14+0.0%Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 13% above its long-term trend line with momentum reading bearish. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Markdown$79.14-0.5%Entry 11
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 13% above its long-term trend line with momentum reading bearish. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28Markdown$79.54+0.0%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 13% above its long-term trend line with momentum reading bearish. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Markdown$79.54-8.9%Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 8.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is momentum reading neutral. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81.
2026-10-18Markdown · changed$87.33+8.1%Entry 8
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 8.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 23% above its long-term trend line with momentum reading overbought. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 42%. The street (7 analysts) rates it buy, with a mean price target of $81.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
