Terreno RealtyTRNO -0.47%93 PS Ratio is 14.48 as of Jul. 08, 2026, which is 8% below its 10-year median of 15.75. GuruFocus rates TRNO with a GF Score™ of 93/100 and a GF Value™ of $71.35 (Fairly Valued). The stock has 5 warning signs investors should review. Among 914 REITs companies, Terreno Realty ranks worse than 90.7% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Terreno Realty's share price is $68.445.
Terreno Realty's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $4.73. Hence, Terreno Realty's PS Ratio for today is 14.48.
The historical rank and industry rank for Terreno Realty's PS Ratio or its related term are showing as below:
TRNO'
s PS Ratio Range Over the Past 10 Years
Min: 10.71 Med: 15.75 Max: 27.25
Current: 14.48
During the past 13 years, Terreno Realty's highest PS Ratio was 27.25. The lowest was 10.71. And the median was 15.75.
TRNO's PS Ratio is ranked worse than 90.7% of 914
companies
in the REITs industry
Industry Median: 6.72
vs TRNO: 14.48
Terreno Realty Corp has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Terreno Realty was 14.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 8.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 7.20% per year.
During the past 13 years, Terreno Realty's highest 3-Year average Revenue per Share Growth Rate was 69.90% per year. The lowest was 0.10% per year. And the median was 5.90% per year.
Back to Basics: PS Ratio
Terreno Realty (NYSE:TRNO) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Terreno Realty PS Ratio Related Terms
Terreno Realty PS Ratio Historical Data
* Premium members only.
The historical data trend for Terreno Realty's PS 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.
For the REIT - Industrial subindustry, Terreno Realty's PS Ratio, along with its competitors' market caps and PS 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.
Terreno Realty PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Terreno Realty's PS Ratio distribution charts can be found below:
* The bar in red indicates where Terreno Realty's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Terreno Realty's Share Price of today is $68.445. Terreno Realty's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.73.
* 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.
It can also be calculated from the numbers for the whole company:
Terreno Realty (TRNO) has a PS Ratio of 14.48 as of Jul. 08, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Terreno Realty and its competitors. This is near median its historical median of 15.75. Over the past decade, Terreno Realty's PS Ratio has ranged from 10.71 to 27.25. According to the industry distribution chart, Terreno Realty ranks #829 out of 914 companies in the REITs industry, placing it in the top 90.7%.
Is Terreno Realty's PS Ratio too high?
Terreno Realty's current PS Ratio of 14.48 is near median its 10-year median of 15.75. Over the past 10 years, this metric has ranged from a low of 10.71 to a high of 27.25. The REITs industry median PS Ratio is 6.72. Terreno Realty's value of 14.48 is 115.5% above this industry median. Based on the distribution chart, Terreno Realty ranks #829 out of 914 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Terreno Realty has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terreno Realty's PS Ratio compare to STAG and REXR?
According to the REITs industry distribution chart, Terreno Realty ranks #829 out of 914 companies for PS Ratio. This places Terreno Realty in the lower half of its industry. The industry median PS Ratio is 6.72. Terreno Realty's value of 14.48 is 115.5% above this benchmark. Historically, Terreno Realty's own PS Ratio has ranged from 10.71 to 27.25 over the past decade. While the company's 10-year median is 15.75 vs. the industry median of 6.72, Terreno Realty has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.72, based on 914 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Terreno Realty's current PS Ratio of 14.48 is 115.5% above 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Terreno Realty and its competitors. For the REITs industry, the median PS Ratio is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terreno Realty's current PS Ratio is 14.48, which is near median its own 10-year median of 15.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terreno Realty stock overvalued right now?
Based on GuruFocus' analysis, Terreno Realty (TRNO) is currently considered Fairly Valued. The stock's GF Value™ is $71.35, compared to a current price of $68.45 — trading 4.1% below its estimated fair value. The current PS Ratio is 14.48, which is near median its 10-year median of 15.75 and 115.5% above the REITs industry median of 6.72. Terreno Realty's overall GF Score™ is 93/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Terreno Realty (TRNO), the current PS Ratio is 14.48 as of Jul. 08, 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 Terreno Realty (TRNO) Overvalued in 2026?
Based on GuruFocus' analysis, Terreno Realty stock appears to be undervalued.
The current stock price of $68.45 is trading 4.1% below its estimated GF Value™ of $71.35.
GuruFocus considers Terreno Realty to be Fairly Valued.
Key valuation signals for TRNO:
PS Ratio: 14.48 (near median its 10-year median of 15.75)
GF Value™: $71.35 vs. price of $68.45 (4.1% below fair value)
Industry Position: 115.5% above the REITs median (#829 of 914)
No single metric tells the full story. See the TRNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning, and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land.
93GF Score
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