Black Stone Minerals, L.P. (BSM) Financial Ratios: P/E, ROE & More

Black Stone Minerals, L.P. (BSM) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Black Stone Minerals, L.P. had a P/E ratio of 10.41 (down from 12.72), return on equity of 26.6% (up from 23.1%), debt-to-equity of 0.14 (up from 0.02) and a current ratio of 3.88 (up from 2.58). A current ratio of 3.88 means current assets exceed current liabilities. Its dividend yield was 9.59% with a payout ratio of 105.1%.

Black Stone Minerals, L.P. Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	10.41	12.72	8.36	7.76	13.39	13.70
Forward P/E	11.46	10.03	8.48	8.00	8.98	12.37
P/S Ratio	7.02	7.21	6.86	4.58	4.39	4.80
P/B Ratio	2.50	2.72	2.75	2.92	2.03	1.30
Price/Tangible Book	3.40	3.71	3.65	3.88	2.82	1.82
Price/FCF	14.74	11.23	6.68	8.57	8.90	4.99
Price/OCF	9.08	7.91	6.43	8.31	8.39	4.90
PEG Ratio	4.22	4.22	4.22	4.22	4.22	3.09
Enterprise Value Ratios
EV/Revenue	8.00	7.86	7.36	5.04	5.19	6.35
EV/EBITDA	9.26	10.50	7.65	7.32	10.34	7.53
EV/EBIT	10.40	12.29	8.50	8.06	13.81	16.89
EV/FCF	16.79	12.25	7.18	9.43	10.53	6.59
Profitability & Returns
Return on Equity (ROE)	26.57%	23.12%	34.82%	41.92%	17.15%	11.30%
Return on Assets (ROA)	15.09%	13.73%	20.86%	23.94%	9.27%	4.84%
Return on Capital Employed (ROCE)	23.50%	23.00%	34.10%	38.90%	15.80%	9.00%
Leverage & Solvency Ratios
Debt/Equity	0.14	0.02	-	0.01	0.08	0.11
Debt/EBITDA	0.44	0.08	-	0.02	0.36	0.50
Debt/FCF	0.81	0.09	-	0.02	0.37	0.44
Liquidity Ratios
Current Ratio	3.88	2.58	7.47	5.64	1.40	1.67
Quick Ratio	2.72	2.42	5.90	4.55	1.37	1.59
Efficiency Ratios
Asset Turnover	0.31	0.34	0.39	0.61	0.39	0.21
Yield & Distribution Ratios
Earnings Yield	10.65%	8.82%	12.61%	13.49%	8.44%	8.82%
FCF Yield	6.79%	8.91%	14.96%	11.67%	11.24%	20.06%
Dividend Yield	9.59%	10.96%	11.91%	10.34%	8.66%	13.93%
Payout Ratio	105.06%	134.55%	99.36%	72.07%	108.76%	132.44%
Buyback Yield	-0.45%	6.36%	-0.29%	-7.76%	-0.71%	-0.34%
Total Return	9.14%	17.32%	11.61%	2.59%	7.95%	13.59%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Black Stone Minerals, L.P. Financial Ratios

What is Black Stone Minerals, L.P.'s P/E ratio?

Black Stone Minerals, L.P.'s P/E ratio was 10.41 for fiscal 2025 (period ended Dec 31, 2025). It was 12.72 a year earlier.

What is Black Stone Minerals, L.P.'s return on equity?

Black Stone Minerals, L.P.'s return on equity (ROE) was 26.6% for fiscal 2025 (period ended Dec 31, 2025). It was 23.1% a year earlier.

What is Black Stone Minerals, L.P.'s debt-to-equity ratio?

Black Stone Minerals, L.P.'s debt-to-equity ratio was 0.14 for fiscal 2025 (period ended Dec 31, 2025). It was 0.02 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition