Sabine Royalty Trust
Sabine Royalty Trust (SBR) is listed on NYSE and classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in Dallas, United States. The company is worth $1.06B and trades at 14.8x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $77.06M in fiscal 2025, down 6.7% from the year before. Net income was $73.44M. The share price is 9.2% below its 52-week high of $79.86. It pays a dividend yielding 5.89%. 2 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $6.4M. In that quarter, 1 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +73.1% over 5Y.
today you would have $2,634.08▲ +163.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $68.57 | $64.81 | $67.86 | $85.45 | |
| P/E | 11.4x | 13.6x | 11.9x | 11.0x | 10.1x |
| P/S | 11.0x | 13.0x | 11.4x | 10.6x | 9.9x |
| P/B | 112.4x | 146.0x | 108.5x | 115.6x | 109.2x |
| EPS | $5.04 | $5.46 | $6.19 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 5.9% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
Median P/E of 11.4 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| REPXRiley Exploration Permian, Inc. | $48.68 | 8.7x | 1.7x | 3.29% | 19.94% | $1.06B |
| AESIAtlas Energy Solutions Inc. | $8.60 | — | 1.0x | 11.63% | -9.93% | $1.07B |
| DECDiversified Energy Co | $14.83 | 2.4x | 1.1x | 7.82% | 53.72% | $1.02B |
| PDSPRECISION DRILLING Corp | $90.43 |
| $8.42 |
| Dividend yield | 8.91% | 7.53% | 8.41% | 9.41% | 10.13% |
| Payout | 102.64% | 102.48% | 99.84% | 103.15% | 102.79% |
| Profit margin | 96.74% | 95.30% | 96.46% | 97.03% | 97.57% |
| ROE | 1063.51% | 1072.55% | 914.70% | 1054.47% | 1075.37% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 3.8% a year against a 7.0% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+42.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 1.0x |
| 0.00% |
| -1.92% |
| $1.14B |
| VTOLBristow Group Inc. | $38.64 | 11.1x | 1.1x | 1.29% | 10.08% | $1.15B |
| NBRNabors Industries Ltd | $77.80 | 6.2x | 2.1x | 0.00% | 22.31% | $1.18B |