Black Stone Minerals price to free cash flow BSM

Market value divided by free cash flow over the last twelve months, since 2016.

Today, Oct 23, 2026: 15.5×
10-year median: 10.5×
Against its 10-year history: 78th; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.4× to 95.6×
Peer median: 10.3×

Black Stone Minerals' price to free cash flow is 15.5× as of Oct 23, 2026.

That is above its ten-year median of 10.5×, higher than on 78% of days in the last ten years.

Over that time it ranged from 2.4× in Mar 2020 to 95.6× in Oct 2016.

The median for 10 oil and gas producers of a similar size is 10.3×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	15.5×	12.3×	16.1×
2025	12.2×	8.6×	13.4×
2024	8.4×	7.6×	9.3×
2023	n/m a value too high to mean anything
2022	11.9×	9.8×	13.4×
2021	9.2×	4.9×	10.9×
2020	4.2×	2.4×	5.9×
2019	5.8×	5.3×	9.8×
2018	20.3×	19.2×	21.2×
2017	20.1×	17.8×	60.4×
2016	52.6×	49.2×	102×

Against its peers

Companies in Oil & Gas Exploration & Production nearest Black Stone Minerals' size, closest first, today.

Company	Price to free cash flow
BSMBlack Stone Minerals	15.5×
GPORGulfport Energy	11.8×
PARRPAR Pacific	9.4×
HESMHess Midstream	4.7×
CRKComstock Resources	n/m
BKVBKV	n/m
KRPKimbell Royalty Partners	n/m
CNXCNX Resources	10.3×
MNRMach Natural Resources	2.8×
LBLandBridge Co LLC	40.3×
MGYMagnolia Oil & Gas	11.4×
Peer median	10.3×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Black Stone Minerals

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.