Is LB or PBT more undervalued in 2026?

CirclFi compares LandBridge Company LLC (LB) and Permian Basin Royalty Trust (PBT) using 13 institutional-grade valuation models. LB has a Quality of Company score of 7.1/10 while PBT scores 1.7/10.

Which is a better buy — LB or PBT?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do LB and PBT valuations compare?

LB at $70.18 and PBT at $27.99 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

LB vs PBT Valuation Comparison 2026 — Intrinsic Value Analysis

LB

Oil Royalty Traders

LandBridge Company LLC

Quality

7.1

out of 10

Value Trap

SAFE

Price

$70.18

Last close

Models

13/13

Active

PBT

Oil Royalty Traders

Permian Basin Royalty Trust

Quality

1.7

out of 10

Value Trap

—

Price

$27.99

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	LB Fair Value	LB Upside	PBT Fair Value	PBT Upside
Bayesian DCF	Intrinsic	$20.05	-71.4%	$8.07	-71.2%
Earnings Power Value	Intrinsic	$2.93	-95.6%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$67.60	-3.7%	$29.13	+4.1%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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LB vs PBT — Which Stock Is More Undervalued?

LB scores higher with a 7.1/10 quality rating vs PBT's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing LandBridge Company LLC (LB) and Permian Basin Royalty Trust (PBT) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

LB currently trades at $70.18 with a QOC of 7.1/10, while PBT trades at $27.99 with a QOC of 1.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).