Last 39 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
TPG RE Finance Trust, Inc.'s quarterly P/E stands at 10.3x, down 39.5% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.09 | 10.28 | 896.88 | 9.30 | 9.19 | 16.98 | 24.88 | 9.27 | 8.00 | 11.35 | 47.94 | — | — |
| — | -39.5% | +3504.4% | +0.4% | +14.9% | +49.6% | -48.1% | — | — | -69.4% | +1227.2% | — | — | |
| P/S Ratio | 2.00 | 13.32 | 2.01 | 1.95 | 1.88 | 13.73 | 5.61 | 15.97 | 14.28 | 3.91 | 1.34 | 1.34 | 4.43 |
| — | -3.0% | -64.3% | -87.8% | -86.8% | +251.5% | +318.9% | +1090.3% | +222.1% | -30.0% | -63.4% | -70.3% | +29.6% | |
| P/B Ratio | 0.64 | 0.58 | 0.63 | 0.62 | 0.57 | 0.60 | 0.61 | 0.62 | 0.60 | 0.54 | 0.45 | 0.46 | 0.47 |
| — | -3.7% | +4.0% | +1.0% | -5.2% | +12.6% | +35.1% | +34.2% | +27.2% | +23.8% | +14.1% | +10.9% | -2.5% | |
| P/FCF | 7.36 | 6.28 | 6.19 | 8.18 | 6.48 | 8.95 | 7.17 | 7.46 | 7.01 | 4.18 | 6.26 | 5.50 | 19.61 |
| — | -29.8% | -13.7% | +9.7% | -7.5% | +114.2% | +14.6% | +35.6% | -64.2% | -30.8% | -38.0% | -29.1% | +266.1% | |
| EV / EBITDA | 15.13 | — | 145.57 | 11.93 | 13.62 | 12.93 | 72.56 | 281.43 | 9.19 | — | 111.08 | 76.46 | 359.80 |
| — | — | +100.6% | -95.8% | +48.2% | — | -34.7% | +268.1% | -97.4% | — | +414.4% | +177.4% | +1187.4% | |
| EV / EBIT | 15.93 | — | 17.45 | 12.39 | 14.51 | 13.54 | — | 10.35 | 9.66 | — | 13.28 | 86.75 | 659.00 |
| — | — | — | +19.7% | +50.2% | — | — | -88.1% | -98.5% | — | +21.9% | — | +484.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.3% | — | 85.1% | 80.5% | 80.6% | 191.7% | 67.5% | 20.8% | 24.6% | 100.0% | -61.6% | -53.2% | 94.3% |
| — | — | +26.1% | +286.5% | +228.1% | +91.7% | +209.5% | +139.1% | -73.9% | 0.0% | -198.5% | -195.8% | +27.7% | |
| Operating Margin | 73.0% | — | 4.8% | 81.8% | 72.9% | 474.2% | 35.0% | -5.4% | 645.5% | — | 6.7% | 10.2% | 5.6% |
| — | — | -86.2% | +1611.9% | -88.7% | — | +421.0% | -152.8% | +11453.3% | — | -97.3% | +104.2% | -85.3% | |
| Net Margin | 18.1% | 130.8% | 4.7% | 24.9% | 25.1% | 113.1% | 35.5% | 204.3% | 209.9% | 43.5% | 6.8% | -62.8% | -213.9% |
| — | +15.7% | -86.7% | -87.8% | -88.0% | +159.8% | +424.0% | +425.3% | +198.1% | +49.9% | -93.4% | +83.6% | -1899.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.5% | 1.4% | 0.4% | 2.0% | 1.9% | 1.2% | 1.0% | 2.0% | 2.2% | 1.5% | 0.6% | -5.2% | -5.5% |
| — | +15.1% | -61.2% | +0.7% | -14.6% | -17.0% | +69.2% | +138.0% | +140.2% | +166.0% | -79.5% | +37.7% | -1364.8% | |
| ROA | 1.5% | 0.3% | 0.1% | 0.5% | 0.5% | 0.4% | 0.3% | 0.6% | 0.7% | 0.4% | 0.1% | -1.3% | -1.3% |
| — | -4.2% | -67.5% | -13.0% | -22.7% | -14.3% | +96.3% | +146.5% | +149.2% | +208.4% | -77.2% | +37.4% | -1239.8% | |
| ROIC | 4.7% | — | 0.1% | 1.4% | 1.2% | 1.2% | 0.2% | -0.0% | 1.6% | — | 0.1% | 0.2% | 0.0% |
| — | — | -67.6% | +10496.9% | -26.8% | — | +94.5% | -107.5% | +5788.8% | — | -90.5% | +116.4% | -90.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 54.3% YoY to 125.45x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.08 | — | 3.08 | 2.71 | 2.77 | 2.55 | 2.31 | 2.21 | 2.24 | 2.37 | 2.70 | 2.85 | 3.03 |
| — | — | +33.6% | +22.5% | +23.5% | +7.5% | -14.7% | -22.4% | -25.9% | -22.6% | -14.1% | -13.3% | +11.9% | |
| Debt / EBITDA | 12.88 | — | 494.14 | 39.84 | 47.36 | 46.69 | 244.07 | 947.62 | 31.58 | — | 404.55 | 286.37 | 1342.45 |
| — | — | +102.5% | -95.8% | +50.0% | — | -39.7% | +230.9% | -97.6% | — | +398.3% | +178.2% | +1205.3% | |
| Current Ratio | 0.18 | 125.45 | 0.18 | — | 105.63 | 81.29 | — | — | 83.90 | 71.55 | 81.06 | 58.83 | 70.99 |
| — | +54.3% | — | — | +25.9% | +13.6% | — | — | +18.2% | — | -10.5% | -41.2% | -31.9% | |
| Quick Ratio | 0.18 | 125.45 | 0.18 | — | 105.63 | 81.29 | — | — | 83.90 | 71.55 | 81.06 | 58.83 | 70.99 |
| — | +54.3% | — | — | +25.9% | +13.6% | — | — | +18.2% | — | -10.5% | -41.2% | -31.9% | |
| Interest Coverage | 1.32 | — | 1.08 | 1.45 | 1.32 | 1.33 | 0.24 | 1.47 | 1.50 | -0.08 | 1.00 | 0.14 | 0.02 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
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Quick answers to the most common questions about buying TRTX stock.
TPG RE Finance Trust, Inc.'s current P/E is 15.1x. The average P/E over the last 4 quarters is 231.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
TPG RE Finance Trust, Inc.'s current operating margin is 73.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking TPG RE Finance Trust, Inc.'s business trajectory between earnings reports.