Start with its own history
At 16.14×, DMLP is 12.3% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · DMLPOil & Gas Exploration & ProductionUpdated Nov 2, 2026
Dorchester Minerals, L.P. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
16.14×
12.3% abovethe 10-year annual average
Share price28.4
÷Earnings per share1.76
Price and EPS in quote currency. Calculation details
Investors are paying 16.14 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 14.37×
3-year average15.15×3 positive annual observations
5-year average12.92×5 positive annual observations
10-year average14.37×10 positive annual observations
Peer median · TTM19.60×5 peers with positive P/E
Historical P/E ratios
Annual period-end data · 23 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 18.63× | +19.1% |
| Dec 31, 2024 | 15.65× | +40.1% |
| Dec 31, 2023 | 11.17× | +25.0% |
| Dec 31, 2022 | 8.93× | -12.4% |
| Dec 31, 2021 | 10.20× | -43.0% |
| Dec 31, 2020 | 17.89× | +37.5% |
| Dec 31, 2019 | 13.01× | +48.4% |
| Dec 31, 2018 | 8.77× | -31.9% |
View all 23 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 12.88× | -51.6% |
| Dec 31, 2016 | 26.59× | +12.9% |
| Dec 31, 2015 | 23.55× | +31.0% |
| Dec 31, 2014 | 17.98× | -5.2% |
| Dec 31, 2013 | 18.96× | +11.9% |
| Dec 31, 2012 | 16.94× | -0.6% |
| Dec 31, 2011 | 17.04× | -31.2% |
| Dec 31, 2010 | 24.75× | -16.3% |
| Dec 31, 2009 | 29.56× | +328.3% |
| Dec 31, 2008 | 6.90× | -49.3% |
| Dec 31, 2007 | 13.60× | +6.2% |
| Dec 31, 2006 | 12.81× | -8.5% |
| Dec 31, 2005 | 13.99× | -37.4% |
| Dec 31, 2004 | 22.36× | N/M |
| Dec 31, 2003 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How DMLP compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 DMLP This stockDorchester Minerals, L.P. | 16.14× |
 BSMBlack Stone Minerals, L.P. | 12.24× |
 KRPKimbell Royalty Partners, LP | 19.60× |
 WHKWhiteHawk Minerals Corp | N/M |
 PNRGPrimeEnergy Resources Corporation | 14.49× |
 TPLTexas Pacific Land Corporation | 42.17× |
 VNOMViper Energy, Inc. | 330.78× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does DMLP’s P/E tell you?
Compare like with like
The median of the 5 positive peer ratios above is 19.60×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take DMLP into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("DMLP", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 28.4 ÷ EPS 1.76 = 16.14×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
DMLP P/E ratio: common questions
The essentials behind the numbers.
Dorchester Minerals, L.P.'s current P/E is 16.14× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.