Is Dorchester Minerals, L.P. (DMLP) Undervalued? Valuation & Fair Price
At $29.04, the frameworks are split on Dorchester Minerals, L.P. today — Warren Buffett rates it Buy, Phil Town (Rule #1) rates it Avoid, and Benjamin Graham and Peter Lynch rate it Hold. Each model calculates its own fair value and margin of safety; create a free account to see the exact buy price behind every verdict.
Dorchester Minerals, L.P.
DMLPEnergy · Oil & Gas Exploration & Production · NASDAQ
$29.04
P/E 15.2×
Dorchester Minerals, L.P. is engaged in the acquisition, ownership, and management of both producing and non-producing royalty, net profit, and leasehold interests related to natural gas and crude oil across the United States. Its extensive royalty holdings encompass mineral, royalty, and overriding royalty interests, spanning 582 counties and parishes in 26 states. The firm's net profits interests represent overriding royalty interests derived from the net earnings of properties held by the operating partnership. Dorchester Minerals Management LP serves as the general partner for Dorchester Minerals, L.P. This Dallas, Texas-based company was established in 1982.
Investor scorecard
How the four investors rate Dorchester Minerals, L.P.
A split decision across the frameworks
Investor model analysis
Details lockedAt $29.04, 2 of 4 frameworks say Hold
Intrinsic Value (DCF)
Warren Buffett's valuation model · select an investor above to switch
Intrinsic Value
Locked — upgrade to viewBuy Below
Locked — upgrade to viewStrong Buy
Locked — upgrade to viewMargin of Safety
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Scenario analysis
Bear, base & bull
Three growth assumptions, three fair values — and where today's price lands
What's working
Key strengths
Identified by Buffett framework analysis
Return on Equity
ROE Consistency
ROE Quality (Low Leverage)
Risk factors & concerns — free account
UnlockCompany financials
5-Year Financials
Income statement highlights — annual, USD
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $153M | $162M | $164M | $171M | $93M |
| Rev. Growth | -5.4% | -1.4% | -4.1% | +82.8% | — |
| Net Income | $57M | $92M | $110M | $131M | $70M |
| Net Margin | 37.5% | 57.2% | 67.4% | 76.5% | 75.1% |
| EPS (Diluted) | $1.20 | $2.13 | $2.85 | $3.35 | $1.94 |
| Free Cash Flow | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view |
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Educational Use Only · Not Financial Advice
Analysis, scores, valuations, and buy zones are derived from publicly documented investor frameworks (Buffett, Lynch, Benjamin Graham, Phil Town) for learning purposes only. They are not recommendations from licensed financial advisors. Past performance does not guarantee future results. Prices may be delayed up to 15 minutes. Always conduct your own research before making any investment decisions.