Stocktoria

TPG RE Finance Trust, Inc. TRTX

NYSE · reit · Real Estate Investment Trusts · website · IPO 2017-07-20

TPG RE Finance Trust, Inc. statistics & valuation

Market cap$654.0M
P / E10.8×
P / B0.6×
Return on equity5.6%
Net debt$3.2B
Enterprise value USD$3.9B
Graham number +100.2%$13.13

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($13.13); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
7.20% 7.90% 8.10% 8.40% -10.80% 9.50% -4.50% -10.40% 6.70% 5.60% 2016201720182019202020212022202320242025
Shares outstanding
47.3M 59.4M 66.0M 74.9M 76.8M 81.7M 77.4M 77.9M 81.0M 79.4M 2016201720182019202020212022202320242025
Net debt ($)
$3.46B $3.93B $2.84B $2.38B $3.22B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.60% 2.80% 2.40% 2.10% -2.80% 2.70% -1.10% -2.80% 2.00% 1.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2.54× 3.16× 2.71× 2.31× 3.10× 2016201720182019202020212022202320242025
EPS ($)
$1.69 $1.74 $1.70 $1.73 -$2.03 $0.87 -$0.95 -$1.69 $0.75 $0.57 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TPG RE Finance Trust, Inc. trades at about 11.5× earnings — near its 10-year norm (10-year range 10.8×–15.8×, median 11.8×).

10.8× 15.8×

Shaded band = 10-year range (10.8×–15.8×); dot = today's 11.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets1.4%2.0%-2.8%-1.1%2.7%-2.8%2.1%2.4%2.8%2.6%
Return on equity5.6%6.7%-10.4%-4.5%9.5%-10.8%8.4%8.1%7.9%7.2%
Debt / equity3.10×2.31×2.71×3.16×2.54×—————

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.