TPG Mortgage Investment Trust Inc (MITT) Financial Ratios
15 years of historical data (2011–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
↓
18.25
↓-33% vs avg
5yr avg: 27.36
30Y Low3.3·High59.6
P/FCF
↓
4.20
↓-14% vs avg
5yr avg: 4.89
30Y Low3.4·High25.0
P/B Ratio
↑
0.44
↑+33% vs avg
5yr avg: 0.33
30Y Low0.1·High0.7
ROE
↓
8.8%
↓+7% vs avg
5yr avg: 8.2%
30Y Low-67%·High27%
Debt/EBITDA
↓
17.87
↓-34% vs avg
5yr avg: 26.96
30Y Low0.1·High38.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MITT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TPG Mortgage Investment Trust Inc trades at 8.8x earnings, 70% above its 5-year average of 5.1x, sitting at the 80th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.3x, the stock trades at a discount of 64%. On a free-cash-flow basis, the stock trades at 4.2x P/FCF, 14% below the 5-year average of 4.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $250M | $265M | $196M | $134M | $122M | $166M | $104M | $497M | $452M | $530M | $478M |
| Enterprise Value | $8.3B | $8.3B | $6.4B | $5.6B | $3.9B | $2.9B | $975M | $3.8B | $3.3B | $531M | $447M |
| P/E Ratio → | 8.77 | 9.47 | 5.41 | 3.78 | — | 1.94 | — | 6.47 | — | 5.04 | 9.51 |
| P/S Ratio | 0.53 | 0.56 | 0.48 | 0.49 | 0.47 | 2.46 | — | 3.37 | 3.55 | 4.62 | 3.85 |
| P/B Ratio | 0.44 | 0.47 | 0.36 | 0.25 | 0.26 | 0.29 | 0.25 | 0.58 | 0.14 | 0.14 | 0.19 |
| P/FCF | 4.20 | 4.44 | 3.51 | 4.76 | 5.40 | 6.33 | 24.98 | 7.61 | 8.55 | 6.97 | 7.15 |
| P/OCF | 4.20 | 4.44 | 3.51 | 4.76 | 5.40 | 6.33 | 24.98 | 7.61 | 5.80 | 6.67 | 7.15 |
P/E links to full P/E history page with 30-year chart
MITT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TPG Mortgage Investment Trust Inc's enterprise value stands at 18.3x EBITDA, 33% below its 5-year average of 27.4x. The Real Estate sector median is 16.7x, placing the stock at a 9% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 17.54 | 15.51 | 20.34 | 15.27 | 42.58 | — | 26.00 | 25.54 | 4.63 | 3.60 |
| EV / EBITDA | 18.25 | 18.28 | 16.08 | 20.98 | 59.57 | 21.88 | — | 20.43 | 43.97 | 3.27 | 4.59 |
| EV / EBIT | 18.07 | 18.28 | 16.08 | 20.98 | 59.57 | 21.88 | — | 20.43 | 43.97 | 3.27 | 4.59 |
| EV / FCF | — | 139.15 | 114.75 | 198.58 | 174.09 | 109.34 | 234.64 | 58.69 | 61.55 | 6.99 | 6.69 |
MITT Profitability
Margins and return-on-capital ratios measuring operating efficiency
TPG Mortgage Investment Trust Inc earns an operating margin of 96.9%, significantly above the Real Estate sector average of 25.0%. Operating margins have expanded from 90.5% to 96.9% over the past 3 years, signaling improving operational efficiency. ROE of 8.8% is modest. ROIC of 4.5% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 94.7% | 94.7% | 94.9% | 93.6% | 93.3% | 79.8% | 107.0% | 92.2% | 92.2% | 91.2% | 91.8% |
| Operating Margin | 96.9% | 96.9% | 96.4% | 90.5% | 36.0% | 158.3% | 206.5% | 74.5% | -3.3% | 98.9% | 63.9% |
| Net Profit Margin | 10.3% | 10.3% | 13.5% | 19.6% | -20.7% | 154.3% | 232.2% | 63.1% | 1.2% | 103.3% | 51.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.8% | 8.8% | 10.4% | 10.9% | -10.3% | 21.3% | -66.9% | 4.5% | 0.0% | 3.8% | 4.0% |
| ROA | 0.6% | 0.6% | 0.9% | 1.0% | -1.4% | 4.4% | -14.6% | 2.4% | 0.0% | 3.7% | 2.2% |
| ROIC | 4.5% | 4.5% | 4.7% | 3.6% | 1.8% | 3.5% | -10.3% | 1.6% | -0.1% | 2.7% | 3.4% |
| ROCE | 6.5% | 6.5% | 6.9% | 4.7% | 2.4% | 7.4% | -31.9% | 4.8% | -0.1% | 3.5% | 2.7% |
MITT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TPG Mortgage Investment Trust Inc carries a Debt/EBITDA ratio of 17.9x, which is highly leveraged (129% above the sector average of 7.8x). Net debt stands at $8.0B ($8.1B total debt minus $76M cash). Interest coverage of just 1.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 14.45 | 14.45 | 11.65 | 10.53 | 8.39 | 4.87 | 2.24 | 4.07 | 0.85 | 0.00 | 0.01 |
| Debt / EBITDA | 17.87 | 17.87 | 15.89 | 20.90 | 59.00 | 21.13 | — | 18.45 | 38.29 | 0.10 | 0.22 |
| Net Debt / Equity | — | 14.31 | 11.43 | 10.32 | 8.21 | 4.75 | 2.13 | 3.92 | 0.84 | 0.00 | -0.01 |
| Net Debt / EBITDA | 17.70 | 17.70 | 15.59 | 20.48 | 57.72 | 20.61 | — | 17.78 | 37.86 | 0.01 | -0.32 |
| Debt / FCF | — | 134.71 | 111.24 | 193.82 | 168.69 | 103.01 | 209.66 | 51.08 | 52.99 | 0.02 | -0.46 |
| Interest Coverage | 1.12 | 1.12 | 1.16 | 1.25 | 0.55 | 4.82 | -10.41 | 2.08 | 1.05 | 3.71 | 2.88 |
MITT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.09x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 8.51x to 0.09x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.09 | 0.09 | 8.51 | — | — | 1.53 | 8.82 | — | 2.83 | 17.99 | 35.53 |
| Quick Ratio | 0.09 | 0.09 | 8.51 | — | — | 1.53 | 8.82 | — | 2.92 | 19.37 | 37.69 |
| Cash Ratio | 0.09 | 0.09 | 0.15 | — | — | 0.04 | 0.67 | 0.04 | 1.58 | 9.84 | 30.54 |
| Asset Turnover | — | 0.05 | 0.06 | 0.04 | 0.06 | 0.02 | -0.13 | 0.03 | 0.04 | 0.03 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
MITT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TPG Mortgage Investment Trust Inc returns 10.0% to shareholders annually primarily through dividends. A payout ratio of 50.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 11.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 10.0% | 9.2% | 9.2% | 13.0% | 16.0% | 6.5% | 14.2% | 12.4% | 12.2% | 10.5% | 11.1% |
| Payout Ratio | 50.3% | 50.3% | 32.3% | 32.4% | — | 10.3% | — | 66.5% | 3523.9% | 47.0% | 83.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.4% | 10.6% | 18.5% | 26.5% | — | 51.6% | — | 15.5% | — | 19.8% | 10.5% |
| FCF Yield | 23.8% | 22.5% | 28.5% | 21.0% | 18.5% | 15.8% | 4.0% | 13.1% | 11.7% | 14.4% | 14.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 4.7% | 15.0% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 2.1% |
| Total Shareholder Yield | 10.0% | 9.2% | 9.2% | 17.8% | 31.0% | 8.6% | 14.2% | 12.4% | 12.2% | 10.5% | 13.2% |
| Shares Outstanding | — | $31M | $30M | $21M | $23M | $16M | $12M | $11M | $9M | $9M | $9M |
Peer Comparison
Compare MITT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MITTYou | $250M | 8.8 | 18.3 | 4.2 | 94.7% | 96.9% | 8.8% | 4.5% | 17.9 |
 MFA | $997M | 5.8 | 17.1 | 13.1 | 96.2% | 78.8% | 9.6% | 4.4% | 15.9 |
 GPMT | $71M | -1.3 | 20.7 | 26.6 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 TPVG | $226M | 4.6 | 8.9 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 SACH | $51M | 27.3 | 11.3 | 20.5 | 97.8% | 58.8% | 3.5% | 4.8% | 9.8 |
 BXMT | $3B | 30.1 | 16.4 | 11.8 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 NLY | $16B | 7.7 | 18.3 | — | 99.9% | 102.6% | 14.1% | 6.4% | 16.3 |
 AGNC | $10B | 11.6 | 2.4 | 112.6 | 100.0% | 79.6% | 9.6% | 34.0% | 0.0 |
 TWO | $1B | -2.8 | 197.8 | 14.5 | 97.9% | 68.7% | -23.2% | 3.1% | 188.0 |
 IVR | $576M | 5.2 | 19.1 | 3.7 | 96.7% | 94.5% | 13.3% | 4.0% | 17.5 |
 PMT | $960M | 11.1 | 210.9 | — | 15.4% | 9.1% | 6.7% | 0.4% | 203.5 |
| Real Estate Median | — | 24.3 | 16.7 | 15.7 | 50.7% | 25.0% | 3.5% | 2.6% | 7.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMITT — Frequently Asked Questions
Quick answers to the most common questions about buying MITT stock.
What is TPG Mortgage Investment Trust Inc's P/E ratio?
TPG Mortgage Investment Trust Inc's current P/E ratio is 8.8x. The historical average is 5.7x. This places it at the 80th percentile of its historical range.
What is TPG Mortgage Investment Trust Inc's EV/EBITDA?
TPG Mortgage Investment Trust Inc's current EV/EBITDA is 18.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.1x.
What is TPG Mortgage Investment Trust Inc's ROE?
TPG Mortgage Investment Trust Inc's return on equity (ROE) is 8.8%. The historical average is 2.4%.
Is MITT stock overvalued?
Based on historical data, TPG Mortgage Investment Trust Inc is trading at a P/E of 8.8x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is TPG Mortgage Investment Trust Inc's dividend yield?
TPG Mortgage Investment Trust Inc's current dividend yield is 9.98% with a payout ratio of 50.3%.
What are TPG Mortgage Investment Trust Inc's profit margins?
TPG Mortgage Investment Trust Inc has 94.7% gross margin and 96.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does TPG Mortgage Investment Trust Inc have?
TPG Mortgage Investment Trust Inc's Debt/EBITDA ratio is 17.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.