Intrinsic Value

Texas Pacific Land Trust

Texas Pacific Land Trust (TPL)

Real Estate

Enterprise Value 12,373.34
Net Debt -119.66
Equity Value 12,493.01
Shares Outstanding 7.79
Equity Value Per Share 1,604.26

Because investors are more interested in the value of the company’s shares alone, we’ll deduct net debt from this value to arrive at a fair value of the company’s equity. Fair Value = Enterprise Value – Debt