LandBridge (LB) Stock Analysis

September 14, 2026

This is a peer-relative look at LandBridge (LB): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Real Estate Management & Development peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for LandBridge (LB)
Profile Item	LB
Name	LandBridge Company LLC Class A Shares
Country/Region	United States
GICS Sector	Real Estate
GICS Industry Group	Real Estate Management & Development
GICS Industry	Real Estate Management & Development
GICS Sub-Industry	Real Estate Operating Companies
Market Capitalization	6.69 billion USD
Currency	USD
Exchange	NYSE
Listing Date	June 28, 2024
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

LandBridge (LB) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for LandBridge (LB) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for LandBridge (LB) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

LandBridge (LB) metric values compared with Real Estate Management & Development industry-group medians
Metric	Current stock: LB	Industry group median
Total Return (1Y)	68.84%	-14.89%
Total Return (3Y, Annualized)	--	0.62%
Total Return (5Y, Annualized)	--	-3.35%

Risk Profile

Drawdown History

GSPC

LandBridge (LB) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for LandBridge (LB) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

LandBridge (LB) metric values compared with Real Estate Management & Development industry-group medians
Metric	Current stock: LB	Industry group median
Volatility (1Y, Annualized)	62.24%	36.65%
Beta (5Y)	0.13	1.24
Max Drawdown (5Y)	-48.25%	-53.25%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. LB is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

LandBridge (LB) metric values compared with Real Estate Management & Development industry-group medians
Metric	Current stock: LB	Industry group median
Sharpe Ratio (1Y)	1.04	-0.55
Sortino Ratio (1Y)	1.60	-0.76

Profitability

ROE (TTM)

LandBridge (LB) posts ROE of 11.52%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

LB

Real Estate Management & Development industry group

11.52%

Group distribution

Max: 22.48%
LB: 11.52%
Q3: 11.22%
Median: 4.81%
Q1: 0.98%
Min: -6.89%

Largest peers

CBRE: 15.80%
JLL: 13.52%
LB: 11.52%
BEKE: 7.01%
COMP: 3.63%
ZG: 1.22%
CSGP: 0.89%

Where LandBridge (LB) stands on ROE within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

LandBridge (LB) keeps 16.48% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

LB

Real Estate Management & Development industry group

16.48%

Group distribution

Max: 22.46%
LB: 16.48%
Q3: 11.04%
Median: 2.93%
Q1: 0.64%
Min: -0.72%

Largest peers

LB: 16.48%
BEKE: 5.32%
JLL: 3.64%
CBRE: 2.98%
CSGP: 2.08%
ZG: 1.96%
COMP: 0.64%

Where LandBridge (LB) stands on net margin within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

LandBridge (LB) turns 66.07% of revenue into operating profit on operating margin, above the industry benchmark range. Core operations are retaining an unusually large share before interest and taxes, which points to pricing power or tight cost control if the margin is sustainable.

LB

Real Estate Management & Development industry group

66.07%

Group distribution

LB: 66.07%
Max: 20.62%
Q3: 9.25%
Median: 4.66%
Q1: 0.59%
Min: -11.08%

Largest peers

LB: 66.07%
BEKE: 12.33%
CSGP: 8.22%
ZG: 4.66%
JLL: 4.57%
COMP: 3.76%
CBRE: 3.61%

Where LandBridge (LB) stands on operating margin within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

LandBridge (LB) metric values compared with Real Estate Management & Development industry-group medians
Metric	Current stock: LB	Industry group median
ROE (TTM)	11.52%	4.81%
ROA (TTM)	7.07%	1.73%
Net Margin (TTM)	16.48%	2.93%
Operating Margin (TTM)	66.07%	4.66%
Gross Margin (TTM)	98.84%	39.18%

Growth

Revenue Growth

LandBridge (LB) grew revenue 81.07%, above the industry benchmark range. Demand is expanding faster than at any typical peer, though growth that far ahead of the group is worth checking for acquisitions or other one-off contributions.

LandBridge (LB): Revenue Growth across different time periods, set against Real Estate Management & Development industry-group medians.

EPS Growth

LandBridge (LB) grew earnings per share 392.63%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

LandBridge (LB): EPS Growth across different time periods, set against Real Estate Management & Development industry-group medians.

Growth Metrics

LandBridge (LB) metric values compared with Real Estate Management & Development industry-group medians
Metric	Current stock: LB	Industry group median
Revenue Growth (YoY)	81.07%	11.85%
Revenue Growth (3Y CAGR)	56.67%	7.70%
EPS Growth (YoY)	392.63%	0.00%
EPS Growth (3Y CAGR)	--	-3.54%

Financial Strength

Current Ratio (MRQ)

LandBridge (LB) has current ratio of 7.27, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

LB

Real Estate Management & Development industry group

7.27

Group distribution

LB: 7.27
Max: 5.94
Q3: 3.57
Median: 1.92
Q1: 1.19
Min: 0.61

Largest peers

LB: 7.27
CSGP: 2.21
ZG: 1.92
BEKE: 1.70
CBRE: 1.14
JLL: 1.13
COMP: 1.06

Where LandBridge (LB) stands on current ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

LandBridge (LB) has debt-to-equity ratio of 0.64, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

LB

Real Estate Management & Development industry group

0.64

Group distribution

Max: 2.15
Q3: 1.10
LB: 0.64
Median: 0.44
Q1: 0.20
Min: 0.13

Largest peers

COMP: 1.38
CBRE: 1.18
LB: 0.64
JLL: 0.42
BEKE: 0.22
CSGP: 0.15
ZG: 0.13

Where LandBridge (LB) stands on debt-to-equity ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

LandBridge (LB) metric values compared with Real Estate Management & Development industry-group medians
Metric	Current stock: LB	Industry group median
Current Ratio (MRQ)	7.27	1.92
Debt / Equity (MRQ)	0.64	0.44
Net Debt / EBITDA	3.23	3.36

Dividends

Dividend Yield (TTM)

LandBridge (LB) has dividend yield of 0.51%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

LB

Real Estate Management & Development industry group

0.51%

Group distribution

Max: 1.61%
Q3: 0.88%
LB: 0.51%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

BEKE: 11.57%
LB: 0.51%
CBRE: 0.00%
JLL: 0.00%
CSGP: 0.00%
COMP: 0.00%
ZG: 0.00%

Where LandBridge (LB) stands on dividend yield within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

LandBridge (LB) has payout ratio of 39.08%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

LB

Real Estate Management & Development industry group

39.08%

Group distribution

Max: 44.94%
LB: 39.08%
Q3: 30.05%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

BEKE: 44.94%
LB: 39.08%
CBRE: 0.00%
JLL: 0.00%
CSGP: 0.00%
COMP: 0.00%
ZG: 0.00%

Where LandBridge (LB) stands on payout ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

LandBridge (LB) metric values compared with Real Estate Management & Development industry-group medians
Metric	Current stock: LB	Industry group median
Dividend Yield (TTM)	0.51%	0.00%
Dividend Payout Ratio (TTM)	39.08%	0.00%

Valuation

P/E Ratio (TTM)

LandBridge (LB) trades at P/E ratio of 76.86, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

LB

Real Estate Management & Development industry group

76.86

Group distribution

Max: 175.17
Q3: 80.69
LB: 76.86
Median: 39.03
Q1: 16.59
Min: 4.65

Largest peers

COMP: 175.17
CSGP: 169.22
ZG: 144.48
LB: 76.86
CBRE: 32.15
BEKE: 26.87
JLL: 16.64

Where LandBridge (LB) stands on P/E ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

LandBridge (LB) trades at 29.70 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

LB

Real Estate Management & Development industry group

29.70

Group distribution

LB: 29.70
Max: 12.62
Q3: 6.50
Median: 1.46
Q1: 0.79
Min: 0.00

Largest peers

LB: 29.70
CSGP: 3.47
ZG: 2.66
CBRE: 0.93
COMP: 0.76
JLL: 0.58
BEKE: 0.21

Where LandBridge (LB) stands on P/S ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

LandBridge (LB) trades at 6.90 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

LB

Real Estate Management & Development industry group

6.90

Group distribution

LB: 6.90
Max: 5.62
Q3: 2.99
Median: 1.77
Q1: 0.95
Min: 0.40

Largest peers

LB: 6.90
CBRE: 4.85
COMP: 2.66
JLL: 2.14
BEKE: 1.92
ZG: 1.73
CSGP: 1.55

Where LandBridge (LB) stands on P/B ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

LandBridge (LB) metric values compared with Real Estate Management & Development industry-group medians
Metric	Current stock: LB	Industry group median
P/E Ratio (TTM)	76.86	39.03
P/S Ratio (TTM)	29.70	1.46
P/B Ratio (MRQ)	6.90	1.77
Free Cash Flow Yield (TTM)	1.72%	4.60%