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The Screen · Energy · Oil & Gas Equipment & Services
LandBridge Company LLC
LB · the NYSE · USD · Market cap $6.7B
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
86.85 USD
At the last full screen 2026-09-11
Screened 2026-09-11 · the tape above runs as of 13:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its accumulation label.
LandBridge Company LLC holds its Accumulation at $86.85. The statistical read favours the buyers, held for 8 days.
As held on the ledger · 2026-09-11
Phase
Accumulation
Quantitative state
The statistical read favours the buyers, held for 8 days
Price at the screen
$86.85
Valuation
77.54 trailing · 37.11 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.10
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
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
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.
Fair value range in USD, drawn from the 2026-09-11 screen. The gold marker is the market price at the same screen. The price runs 36.8% above the base estimate.
Third-party analyst targets: 7 covering, consensus Buy. The average target sits +4% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-11 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.
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
2026-09-04Markup · changed$85.94+10.9%Entry 5
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 10.9% 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 A. 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.
2026-08-04Accumulation$77.52+11.9%Entry 4
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 11.9% 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 A. 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.
2026-07-18Accumulation$69.29+0.0%Entry 3
The framework 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: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. 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.
2026-07-03Accumulation$69.29+0.0%Entry 2
The framework 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: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Accumulation$69.29Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
