Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TPG RE Finance Trust (NYSE:TRTX) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
TPG RE Finance Trust Forward PE Ratio Related Terms
TPG RE Finance Trust Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for TPG RE Finance Trust's Forward PE Ratio 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.
TPG RE Finance Trust Forward PE Ratio Chart
TPG RE Finance Trust Annual Data
Trend
2017-12
2019-12
2024-12
2025-12
Forward PE Ratio
10.41
11.79
7.62
7.88
TPG RE Finance Trust Quarterly Data
2017-09
2017-12
2018-03
2018-06
2018-09
2019-12
2020-03
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
11.63
10.41
10.70
11.10
10.11
11.79
4.02
7.62
7.89
7.82
7.79
7.88
7.22
TRTX vs BRSP, RWT, FBRT: Forward PE Ratio Comparison
For the REIT - Mortgage subindustry, TPG RE Finance Trust's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, TPG RE Finance Trust's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where TPG RE Finance Trust's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
TPG RE Finance Trust (TRTX) has a Forward PE Ratio of 7.88 as of Jul. 29, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on TPG RE Finance Trust and its competitors. According to the industry distribution chart, TPG RE Finance Trust ranks #41 out of 459 companies in the REITs industry, placing it in the top 8.9%.
Is TPG RE Finance Trust's Forward PE Ratio too high?
TPG RE Finance Trust's current Forward PE Ratio is 7.88. The REITs industry median Forward PE Ratio is 16.70. TPG RE Finance Trust's value of 7.88 is 52.8% below this industry median. Based on the distribution chart, TPG RE Finance Trust ranks #41 out of 459 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, TPG RE Finance Trust has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TPG RE Finance Trust's Forward PE Ratio compare to BRSP and RWT?
According to the REITs industry distribution chart, TPG RE Finance Trust ranks #41 out of 459 companies for Forward PE Ratio. This places TPG RE Finance Trust in the top 9% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 16.70. TPG RE Finance Trust's value of 7.88 is 52.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a REITs company?
The median Forward PE Ratio among REITs companies is 16.70, based on 459 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TPG RE Finance Trust's current Forward PE Ratio of 7.88 is 52.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on TPG RE Finance Trust and its competitors. For the REITs industry, the median Forward PE Ratio is 16.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPG RE Finance Trust's current Forward PE Ratio is 7.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPG RE Finance Trust stock overvalued right now?
Based on GuruFocus' analysis, TPG RE Finance Trust (TRTX) is currently considered Fairly Valued. The stock's GF Value™ is $7.56, compared to a current price of $8.23 — trading 8.8% above its estimated fair value. The current Forward PE Ratio is 7.88 and 52.8% below the REITs industry median of 16.70. TPG RE Finance Trust's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For TPG RE Finance Trust (TRTX), the current Forward PE Ratio is 7.88 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TPG RE Finance Trust (TRTX) Overvalued in 2026?
Based on GuruFocus' analysis, TPG RE Finance Trust stock appears to be overvalued.
The current stock price of $8.23 is trading 8.8% above its estimated GF Value™ of $7.56.
GuruFocus considers TPG RE Finance Trust to be Fairly Valued.
Key valuation signals for TRTX:
Forward PE Ratio: 7.88
GF Value™: $7.56 vs. price of $8.23 (8.8% above fair value)
Industry Position: 52.8% below the REITs median (#41 of 459)
No single metric tells the full story. See the TRTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
51GF Score
Get the complete analysis for TRTX
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TRTX has been successfully added to your 
