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TRTX (TPG RE Finance Trust) Cyclically Adjusted Book per Share : $19.94 (As of Mar. 2025)


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What is TPG RE Finance Trust Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

TPG RE Finance Trust's adjusted book value per share data for the fiscal year that ended in Dec. 2024 was $13.753. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $19.94 for the trailing ten years ended in Dec. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2025-05-02), TPG RE Finance Trust's current stock price is $ 7.65. TPG RE Finance Trust's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2024 was $19.94. TPG RE Finance Trust's Cyclically Adjusted PB Ratio of today is 0.38.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of TPG RE Finance Trust was 0.44. The lowest was 0.38. And the median was 0.43.


TPG RE Finance Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for TPG RE Finance Trust's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TPG RE Finance Trust Cyclically Adjusted Book per Share Chart

TPG RE Finance Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 19.94

TPG RE Finance Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 19.94 -

Competitive Comparison of TPG RE Finance Trust's Cyclically Adjusted Book per Share

For the REIT - Mortgage subindustry, TPG RE Finance Trust's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TPG RE Finance Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, TPG RE Finance Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where TPG RE Finance Trust's Cyclically Adjusted PB Ratio falls into.


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TPG RE Finance Trust Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, TPG RE Finance Trust's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2024 was:

Adj_Book=Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=13.753/133.1571*133.1571
=13.753

Current CPI (Dec. 2024) = 133.1571.

TPG RE Finance Trust Annual Data

Book Value per Share CPI Adj_Book
201512 11.803 99.792 15.749
201612 15.994 101.863 20.908
201712 19.818 104.011 25.371
201812 19.760 105.998 24.823
201912 19.783 108.420 24.297
202012 16.499 109.897 19.991
202112 18.977 117.630 21.482
202212 17.078 125.222 18.160
202312 14.444 129.419 14.861
202412 13.753 133.157 13.753

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


TPG RE Finance Trust  (NYSE:TRTX) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

TPG RE Finance Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.65/19.94
=0.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of TPG RE Finance Trust was 0.44. The lowest was 0.38. And the median was 0.43.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


TPG RE Finance Trust Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of TPG RE Finance Trust's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


TPG RE Finance Trust Business Description

Industry
Traded in Other Exchanges
N/A
Address
888 Seventh Avenue, 35th Floor, New York, NY, USA, 10106
TPG RE Finance Trust Inc is a commercial real estate finance company. It originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments consisting of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the United States. The company's objective is to provide attractive risk-adjusted returns to its stockholders over time through cash distributions and capital appreciation. It focuses on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation.
Executives
Starwood Capital Group Global Ii, L.p. 10 percent owner 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Pe Holder, L.l.cc 10 percent owner 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Robert Foley officer: CFO & Chief Risk Officer 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Deborah J. Ginsberg officer: Vice President & Secretary 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Julie Hong Clayton director C/O TPG PACE TECH OPPORTUNITIES CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Doug Bouquard director, officer: Chief Executive Officer 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Brandon C Fox officer: Chief Accounting Officer 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
China Investment Corp 10 percent owner NEW POLY PLAZA, NO. 1 CHAOYANGMEN BEIDAJIE, DONGCHENG, BEIJING F4 100010
Jon Winkelried 10 percent owner C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Tpg Gp A, Llc 10 percent owner 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Group Holdings (sbs) Advisors, Inc. 10 percent owner C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Todd Schuster director C/O TPG RE FINANCE TRUST, INC., 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Bss Scg Gp Holdings, Llc 10 percent owner 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Starwood Capital Group Holdings Gp, L.l.c. 10 percent owner 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Starwood Xi Management Gp, L.l.c. 10 percent owner 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139