San Juan Basin Royalty Trust (SJT) - Net Assets
Based on the latest financial reports, San Juan Basin Royalty Trust (SJT) has net assets worth $1.93 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.69 Million) and total liabilities ($764.89K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check San Juan Basin Royalty Trust (SJT) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.93 Million |
| % of Total Assets | 71.59% |
| Annual Growth Rate | -3.66% |
| 5-Year Change | 520.1% |
| 10-Year Change | 194.01% |
| Growth Volatility | 137.44 |
San Juan Basin Royalty Trust - Net Assets Trend (1995–2025)
This chart illustrates how San Juan Basin Royalty Trust's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SJT market cap.
Annual Net Assets for San Juan Basin Royalty Trust (1995–2025)
The table below shows the annual net assets of San Juan Basin Royalty Trust from 1995 to 2025. Also explore SJT net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $22.89 Million | +754.75% |
| 2024-12-31 | $2.68 Million | -2.75% |
| 2023-12-31 | $2.75 Million | -7.26% |
| 2022-12-31 | $2.97 Million | -19.57% |
| 2021-12-31 | $3.69 Million | -27.97% |
| 2020-12-31 | $5.12 Million | -6.02% |
| 2019-12-31 | $5.45 Million | -6.72% |
| 2018-12-31 | $5.84 Million | -11.14% |
| 2017-12-31 | $6.58 Million | -15.51% |
| 2016-12-31 | $7.78 Million | -10.77% |
| 2015-12-31 | $8.72 Million | -6.82% |
| 2014-12-31 | $9.36 Million | -14.64% |
| 2013-12-31 | $10.97 Million | -9.82% |
| 2012-12-31 | $12.16 Million | -7.47% |
| 2011-12-31 | $13.15 Million | -10.86% |
| 2010-12-31 | $14.75 Million | -12.45% |
| 2009-12-31 | $16.84 Million | -6.85% |
| 2008-12-31 | $18.08 Million | -9.04% |
| 2007-12-31 | $19.88 Million | -8.90% |
| 2006-12-31 | $21.82 Million | -8.62% |
| 2005-12-31 | $23.88 Million | -10.47% |
| 2004-12-31 | $26.67 Million | -10.56% |
| 2003-12-31 | $29.82 Million | -11.50% |
| 2002-12-31 | $33.70 Million | -10.99% |
| 2001-12-31 | $37.86 Million | -6.95% |
| 2000-12-31 | $40.69 Million | -9.96% |
| 1999-12-31 | $45.19 Million | -11.55% |
| 1998-12-31 | $51.09 Million | -8.97% |
| 1997-12-31 | $56.12 Million | -10.65% |
| 1996-12-31 | $62.81 Million | -10.44% |
| 1995-12-31 | $70.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to San Juan Basin Royalty Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.29 Million | 100.00% |
| Total Equity | $2.29 Million | 100.00% |
San Juan Basin Royalty Trust Competitors by Market Cap
The table below lists competitors of San Juan Basin Royalty Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunspring Metal Corp
TW:2062
|
$113.73 Million |
|
GRP Limited
NSE:GRPLTD
|
$113.74 Million |
|
Curo Holdings Co. Ltd
KQ:051780
|
$113.76 Million |
|
Manoj Vaibhav Gems 'N' Jewellers Limited
NSE:MVGJL
|
$113.77 Million |
|
Bank Panin Syariah Tbk
JK:PNBS
|
$113.72 Million |
|
Apollo Food Holdings Bhd
KLSE:6432
|
$113.68 Million |
|
Hitejinro Holdings
KO:000140
|
$113.67 Million |
|
Indonesia Fibreboard Industry PT
JK:IFII
|
$113.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in San Juan Basin Royalty Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,677,617 to 2,289,809, a change of -387,808 (-14.5%).
- Net loss of 387,808 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-387.81K | -16.94% |
| Total Change | $- | -14.48% |
Book Value vs Market Value Analysis
This analysis compares San Juan Basin Royalty Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 61.27x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.29x to 61.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.34 | $3.01 | x |
| 1986-12-31 | $2.25 | $3.01 | x |
| 1987-12-31 | $2.15 | $3.01 | x |
| 1988-12-31 | $2.12 | $3.01 | x |
| 1989-12-31 | $2.06 | $3.01 | x |
| 1990-12-31 | $2.04 | $3.01 | x |
| 1991-12-31 | $1.99 | $3.01 | x |
| 1992-12-31 | $1.89 | $3.01 | x |
| 1993-12-31 | $1.71 | $3.01 | x |
| 1994-12-31 | $1.61 | $3.01 | x |
| 1995-12-31 | $1.50 | $3.01 | x |
| 1996-12-31 | $1.35 | $3.01 | x |
| 1997-12-31 | $1.20 | $3.01 | x |
| 1998-12-31 | $1.10 | $3.01 | x |
| 1999-12-31 | $0.97 | $3.01 | x |
| 2000-12-31 | $0.87 | $3.01 | x |
| 2001-12-31 | $0.81 | $3.01 | x |
| 2002-12-31 | $0.72 | $3.01 | x |
| 2003-12-31 | $0.64 | $3.01 | x |
| 2004-12-31 | $0.57 | $3.01 | x |
| 2005-12-31 | $0.51 | $3.01 | x |
| 2006-12-31 | $0.47 | $3.01 | x |
| 2007-12-31 | $0.43 | $3.01 | x |
| 2008-12-31 | $0.39 | $3.01 | x |
| 2009-12-31 | $0.36 | $3.01 | x |
| 2010-12-31 | $0.32 | $3.01 | x |
| 2011-12-31 | $0.28 | $3.01 | x |
| 2012-12-31 | $0.26 | $3.01 | x |
| 2013-12-31 | $0.24 | $3.01 | x |
| 2014-12-31 | $0.20 | $3.01 | x |
| 2015-12-31 | $0.19 | $3.01 | x |
| 2016-12-31 | $0.17 | $3.01 | x |
| 2017-12-31 | $0.14 | $3.01 | x |
| 2018-12-31 | $0.13 | $3.01 | x |
| 2019-12-31 | $0.12 | $3.01 | x |
| 2020-12-31 | $0.11 | $3.01 | x |
| 2021-12-31 | $0.08 | $3.01 | x |
| 2022-12-31 | $0.06 | $3.01 | x |
| 2023-12-31 | $0.06 | $3.01 | x |
| 2024-12-31 | $0.06 | $3.01 | x |
| 2025-12-31 | $0.05 | $3.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently San Juan Basin Royalty Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -16.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3262.45%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 10.17x
- Recent ROE (-16.94%) is below the historical average (341.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 36.35% | 99.25% | 0.36x | 1.01x | $28.85 Million |
| 1986 | 19.55% | 98.10% | 0.20x | 1.01x | $10.11 Million |
| 1987 | 17.69% | 97.81% | 0.18x | 1.01x | $7.78 Million |
| 1988 | 12.27% | 96.03% | 0.13x | 1.00x | $2.24 Million |
| 1989 | 8.26% | 95.24% | 0.09x | 1.00x | $-1.68 Million |
| 1990 | 17.14% | 96.47% | 0.18x | 1.00x | $6.83 Million |
| 1991 | 22.59% | 96.79% | 0.23x | 1.01x | $11.76 Million |
| 1992 | 35.94% | 97.24% | 0.36x | 1.02x | $22.88 Million |
| 1993 | 46.06% | 97.87% | 0.45x | 1.04x | $28.81 Million |
| 1994 | 30.17% | 97.00% | 0.31x | 1.01x | $15.11 Million |
| 1995 | 19.66% | 90.99% | 0.21x | 1.01x | $6.78 Million |
| 1996 | 60.19% | 91.67% | 0.63x | 1.05x | $31.52 Million |
| 1997 | 86.69% | 98.29% | 0.81x | 1.09x | $43.04 Million |
| 1998 | 57.94% | 97.63% | 0.56x | 1.05x | $24.49 Million |
| 1999 | 70.37% | 97.45% | 0.67x | 1.09x | $27.28 Million |
| 2000 | 145.47% | 98.57% | 1.26x | 1.17x | $55.12 Million |
| 2001 | 211.64% | 98.47% | 2.14x | 1.01x | $76.34 Million |
| 2002 | 108.07% | 95.70% | 1.00x | 1.13x | $33.05 Million |
| 2003 | 302.98% | 98.22% | 2.49x | 1.24x | $87.38 Million |
| 2004 | 410.09% | 98.51% | 3.02x | 1.38x | $106.72 Million |
| 2005 | 634.63% | 98.51% | 3.57x | 1.80x | $149.17 Million |
| 2006 | 622.58% | 99.67% | 5.15x | 1.21x | $133.68 Million |
| 2007 | 569.50% | 99.49% | 3.93x | 1.45x | $111.23 Million |
| 2008 | 791.23% | 98.69% | 5.71x | 1.40x | $141.27 Million |
| 2009 | 179.14% | 93.73% | 1.45x | 1.32x | $28.49 Million |
| 2010 | 531.37% | 97.60% | 4.02x | 1.35x | $76.88 Million |
| 2011 | 511.14% | 98.77% | 3.36x | 1.54x | $65.88 Million |
| 2012 | 275.27% | 95.51% | 2.58x | 1.12x | $32.27 Million |
| 2013 | 332.69% | 95.92% | 2.44x | 1.42x | $35.40 Million |
| 2014 | 639.48% | 97.22% | 4.60x | 1.43x | $58.94 Million |
| 2015 | 194.86% | 87.46% | 1.84x | 1.21x | $16.13 Million |
| 2016 | 178.94% | 79.48% | 1.50x | 1.51x | $13.15 Million |
| 2017 | 594.92% | 117.73% | 3.02x | 1.67x | $38.47 Million |
| 2018 | 307.56% | 92.34% | 2.44x | 1.36x | $17.39 Million |
| 2019 | 148.40% | 81.73% | 1.52x | 1.20x | $7.55 Million |
| 2020 | 144.78% | 83.88% | 1.38x | 1.25x | $6.91 Million |
| 2021 | 974.58% | 95.61% | 3.79x | 2.69x | $35.60 Million |
| 2022 | 2613.90% | 98.22% | 9.34x | 2.85x | $77.30 Million |
| 2023 | 1875.53% | 96.72% | 12.34x | 1.57x | $51.36 Million |
| 2024 | 192.63% | 73.35% | 2.05x | 1.28x | $4.89 Million |
| 2025 | -16.94% | -3262.45% | 0.00x | 10.17x | $-616.79K |
Industry Comparison
This section compares San Juan Basin Royalty Trust's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $594,952,630
- Average return on equity (ROE) among peers: -53.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| San Juan Basin Royalty Trust (SJT) | $1.93 Million | 36.35% | 0.40x | $113.73 Million |
| Amplify Energy Corp (AMPY) | $434.21 Million | -8.11% | 1.02x | $184.57 Million |
| AleAnna, Inc. Class A Common Stock (ANNA) | $1.22 Million | -424.63% | 26.72x | $105.31 Million |
| APA Corporation (APA) | $125.80 Million | -64.31% | 3.01x | $15.26 Billion |
| Antero Resources Corp (AR) | $1.96 Billion | 20.05% | 0.93x | $10.94 Billion |
| Battalion Oil Corp (BATL) | $98.70 Million | -1.27% | 4.88x | $31.10 Million |
| BKV Corporation (BKV) | $2.07 Billion | 8.38% | 0.51x | $2.49 Billion |
| Barnwell Industries Inc (BRN) | $16.11 Million | 23.78% | 1.71x | $15.66 Million |
| Berry Petroleum Corp (BRY) | $714.04 Million | -36.82% | 0.99x | $253.00 Million |
| Big Sky Industrial Inc. (BSIN) | $46.52 Million | -69.55% | 0.73x | $82.41 Million |
| Black Stone Minerals LP (BSM) | $488.04 Million | 18.79% | 1.46x | $3.00 Billion |
About San Juan Basin Royalty Trust
San Juan Basin Royalty Trust operates as an express trust in Texas. It has a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. The company also owns subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net-produc… Read more