TPG RE Finance Trust
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
10.949.90
Price/Sales ratio
6.055.87
Earnings per Share (EPS)
$0.83$0.92

Historical Multiples (2015 – 2023)

2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
16.9614.3812.2310.7711.67-5.947.22-8.66-4.3210.2410.95
Price/Sales ratio
13.0511.349.688.338.94-29.415.893.3318.204.39-10.23
Price/Book Value ratio
1.401.030.960.860.980.640.680.390.440.600.81
Price/Cash Flow ratio
10.2011.7412.6610.6912.116.167.575.176.296.189.13
Price/Free Cash Flow ratio
10.2011.8112.6810.6912.116.167.575.456.746.579.13
Price/Earnings Growth ratio
N/A0.80-0.991.204.960.02-0.030.05-0.030.102.53
Dividend Yield
3.93%7.26%6.95%8.95%8.45%11.91%7.89%17.84%17.53%11.42%8.70%
Profitability Indicator Ratios
Gross Profit Margin
19.96%11.39%16.15%80.90%81.47%179.54%90.70%91.49%47.44%75.55%130.50%
Operating Profit Margin
140.71%148.25%144.86%168.78%76.95%493.49%82.21%56083.06%9.39%53.89%285.22%
Pretax Profit Margin
79.04%78.81%79.23%77.61%76.95%493.49%82.21%-38.09%-420.05%45.70%285.22%
Net Profit Margin
76.95%78.81%79.11%77.36%76.60%494.59%81.58%-38.43%-420.98%42.91%285.60%
Effective Tax Rate
2.64%-0.00%0.15%0.31%0.45%-0.22%0.76%-0.89%-0.22%0.59%0.38%
Return on Assets
2.80%2.62%2.81%2.36%2.14%-2.78%2.65%-1.08%-2.76%1.81%-0.32%
Return On Equity
8.28%7.20%7.85%8.05%8.39%-10.80%9.45%-4.54%-10.36%5.90%-1.20%
Return on Capital Employed
5.12%4.94%11.60%6.79%2.15%-2.78%2.67%1580.91%0.06%2.30%2.23%
Liquidity Ratios
Current Ratio
N/AN/A0.090.120.37225.99N/AN/AN/A5.430.25
Quick Ratio
-0.52969.420.090.12118.0894.7683.293.61K6.245.43106.42
Cash ratio
54.5635.470.040.0311.88121.5495.71174.124.224.7766.71
Days of Sales Outstanding
374.25203.1552.70309.5597.82-379.5657.62481.281.30K73.7985.81
Days of Inventory outstanding
1.09K-12.36KN/A0.001.47K1.64K1.40K0.00N/AN/A1.56K
Operating Cycle
1.46K-12.16K52.70309.551.57K1.26K1.45K481.281.30K73.791.42K
Days of Payables Outstanding
11.3713.4919.6584.9979.6243.6262.94304.28256.3264.1571.88
Cash Conversion Cycle
1.45K-12.18K33.05224.561.49K1.22K1.39K177.001.04K9.631.35K
Debt Ratios
Debt Ratio
0.640.620.080.360.310.690.710.750.720.670.34
Debt Equity Ratio
1.901.710.231.241.252.672.533.142.702.211.24
Long-term Debt to Capitalization
0.650.63N/A0.550.550.720.710.750.720.680.55
Total Debt to Capitalization
0.650.630.190.550.550.720.710.750.720.680.55
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/A0.38N/A
Cash Flow to Debt Ratio
0.070.050.310.060.060.030.030.020.020.040.05
Company Equity Multiplier
2.952.742.793.413.913.873.564.193.743.253.89
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
1.270.960.760.770.73-4.770.770.642.890.71-2.01
Free Cash Flow / Operating Cash Flow Ratio
10.990.9911110.940.930.941
Cash Flow Coverage Ratio
0.070.050.310.060.060.030.030.020.020.040.05
Short Term Coverage Ratio
N/AN/A0.31N/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
66.82%104.52%85.10%96.50%98.65%-70.85%57.08%-154.63%-75.81%149.32%97.58%