TPG RE Finance Trust, Inc. (TRTX) P/E Ratio History
Premium ValuationTrading at 15.1x vs 5Y avg 11.1x · 95th percentile · Premium to historical baseline · Data 2017–2026
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P/E Ratio Analysis
As of June 21, 2026, TPG RE Finance Trust, Inc. (TRTX) trades at a price-to-earnings ratio of 15.1x, with a stock price of $8.60 and trailing twelve-month earnings per share of $0.78.
The current P/E is 36% above its 5-year average of 11.1x. Over the past five years, TRTX's P/E has ranged from a low of 7.5x to a high of 15.3x, placing the current valuation at the 95th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.1x, TRTX trades at a 37% discount to its sector peers. The sector includes 174 companies with P/E ratios ranging from 0.7x to 195.6x.
Relative to the broader market, TRTX trades at a notable discount to the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TRTX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
TRTX Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
TRTX P/E vs Peers
Commercial mortgage loan REITs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 28.3 | - | +155% | |
| $1B | 20.0 | - | -41% | |
| $1B | 13.4 | 0.09Best | +184%Best | |
| $649M | 13.2Lowest | - | -22% | |
| $6B | 13.7 | 13.50 | +9% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
TRTX Historical P/E Data (2017–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $7.81 | $0.63 | 12.3x | +10% |
| FY2025 Q4 | Dec 31 2025 | $8.61 | $0.56 | 15.3x | +36% |
| FY2025 Q3 | - | $8.56 | $0.65 | 13.3x | +18% |
| FY2025 Q2 | Jun 30 2025 | $7.72 | $0.65 | 12.0x | +6% |
| FY2025 Q1 | Mar 31 2025 | $8.15 | $0.71 | 11.6x | +3% |
| FY2024 Q4 | - | $8.50 | $0.76 | 11.3x | -0% |
| FY2024 Q3 | Sep 30 2024 | $8.53 | $0.70 | 12.1x | +8% |
| FY2022 Q2 | - | $9.01 | $1.09 | 8.3x | -27% |
| FY2022 Q1 | - | $11.81 | $1.58 | 7.5x | -34% |
| FY2021 Q4 | Dec 31 2021 | $12.32 | $1.59 | 7.7x | -31% |
| FY2021 Q3 | - | $12.38 | $1.22 | 10.1x | -10% |
| FY2021 Q2 | Jun 30 2021 | $13.45 | $1.29 | 10.4x | -7% |
| FY2021 Q1 | Mar 31 2021 | $11.20 | $1.39 | 8.1x | -28% |
| FY2019 Q4 | - | $20.27 | $1.72 | 11.8x | +5% |
| FY2019 Q3 | Sep 30 2019 | $19.84 | $1.71 | 11.6x | +3% |
| FY2019 Q2 | Jun 30 2019 | $19.29 | $1.69 | 11.4x | +1% |
| FY2019 Q1 | Mar 31 2019 | $19.60 | $1.70 | 11.5x | +2% |
| FY2018 Q4 | Dec 31 2018 | $18.28 | $1.70 | 10.8x | -5% |
| FY2018 Q3 | Sep 30 2018 | $20.02 | $1.69 | 11.8x | +5% |
| FY2018 Q2 | Jun 30 2018 | $20.32 | $1.62 | 12.5x | +11% |
| FY2018 Q1 | Mar 31 2018 | $19.89 | $1.61 | 12.4x | +10% |
| FY2017 Q4 | Dec 31 2017 | $19.05 | $1.58 | 12.1x | +7% |
| FY2017 Q3 | Sep 30 2017 | $19.77 | $1.49 | 13.3x | +18% |
Average P/E for displayed period: 11.3x
Intrinsic Valuation
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Historical Returns
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TRTX — Frequently Asked Questions
Quick answers to the most common questions about buying TRTX stock.
What is TRTX's P/E ratio?
TPG RE Finance Trust, Inc. (TRTX) trailing twelve-month P/E ratio is 15.1x, based on TTM diluted EPS of $0.78. The 5-year average P/E is 11.1x and the historical range spans 7.5x to 15.3x.
Is TRTX stock overvalued or undervalued?
TRTX trades at 15.1x P/E, above its 5-year average of 11.1x. The 95th percentile ranking within the 7.5x–15.3x historical range indicates a premium to historical valuation.
Is TRTX stock expensive?
Yes, TRTX is expensive relative to its own history. The current P/E of 15.1x is above the 5-year average of 11.1x. The stock sits at the 95th percentile of its 5-year valuation range.
What is TRTX's historical P/E range?
Over the past 5 years, TRTX's P/E ratio has ranged from 7.5x to 15.3x, with a median of 11.6x and an average of 11.1x. The current P/E of 15.1x places the stock at the 95th percentile of this range. Full historical data spans 2017–2026.
How does TRTX's P/E compare to the S&P 500?
TRTX trades at 15.1x P/E versus the S&P 500 median of 24.4x. The 38% discount to the market suggests lower growth expectations or perceived higher risk.
How does TRTX's valuation compare to Real Estate peers?
TPG RE Finance Trust, Inc. P/E of 15.1x compares to the Real Estate sector median of 24.1x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is TRTX's PEG ratio?
TRTX PEG ratio is N/A, based on a P/E of 15.1x and EPS growth of -26.0%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is TRTX's earnings yield?
TRTX earnings yield is 6.63%, the inverse of its 15.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.