Is Permianville Royalty Trust overvalued or undervalued?

As of 15 May 2025, the valuation grade for Permianville Royalty Trust has moved from very attractive to fair. The company is currently fairly valued, with a P/E ratio of 21, an EV to EBITDA ratio of 20.66, and a Price to Book Value of 1.37. In comparison to its peers, Permianville's P/E ratio is higher than WisdomTree, Inc. at 17.96 and significantly lower than Permian Basin Royalty Trust, which has a P/E of 24.94, indicating a relative positioning within the industry.
The company's return metrics also reflect its performance, with a year-to-date return of 37.50%, outperforming the S&P 500's 2.44%. However, the overall valuation suggests that while Permianville Royalty Trust is not undervalued, it is also not overvalued, aligning with its current fair valuation status amidst its peers.