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TPG RE Finance TrustTRTX +1.41%51 Return-on-Tangible-Asset is 1.71% as of Mar. 2026, which is 20% below its 10-year median of 2.15. GuruFocus rates TRTX with a GF Score™ of 51/100 and a GF Value™ of $7.60 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 932 REITs companies, TPG RE Finance Trust ranks worse than 67.17% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. TPG RE Finance Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $75.8 Mil. TPG RE Finance Trust's average total tangible assets for the quarter that ended in Mar. 2026 was $4,439.2 Mil. Therefore, TPG RE Finance Trust's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.71%.
The historical rank and industry rank for TPG RE Finance Trust's Return-on-Tangible-Asset or its related term are showing as below:
TRTX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.53 Med: 2.15 Max: 3.13
Current: 1.56
During the past 11 years, TPG RE Finance Trust's highest Return-on-Tangible-Asset was 3.13%. The lowest was -2.53%. And the median was 2.15%.
TRTX's Return-on-Tangible-Asset is ranked worse than 67.17% of 932
companies
in the REITs industry
Industry Median: 3.27
vs TRTX: 1.56
TPG RE Finance Trust (NYSE:TRTX) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
TPG RE Finance Trust Return-on-Tangible-Asset Related Terms
TPG RE Finance Trust Return-on-Tangible-Asset Historical Data
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The historical data trend for TPG RE Finance Trust's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
TRTX vs FBRT, RWT, BRSP: Return-on-Tangible-Asset Comparison
For the REIT - Mortgage subindustry, TPG RE Finance Trust's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, TPG RE Finance Trust's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TPG RE Finance Trust's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.71% mean?
TPG RE Finance Trust (TRTX) has a Return-on-Tangible-Asset of 1.71% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TPG RE Finance Trust and its competitors. This is 20% below median its historical median of 2.15. According to the industry distribution chart, TPG RE Finance Trust ranks #626 out of 932 companies in the REITs industry, placing it in the top 67.2%.
Is TPG RE Finance Trust's Return-on-Tangible-Asset too high?
TPG RE Finance Trust's current Return-on-Tangible-Asset of 1.71% is 20% below median its 10-year median of 2.15. The REITs industry median Return-on-Tangible-Asset is 3.27. TPG RE Finance Trust's value of 1.71% is 47.7% below this industry median. Based on the distribution chart, TPG RE Finance Trust ranks #626 out of 932 companies in the REITs industry, which is below the industry midpoint. Overall, TPG RE Finance Trust has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TPG RE Finance Trust's Return-on-Tangible-Asset compare to FBRT and RWT?
According to the REITs industry distribution chart, TPG RE Finance Trust ranks #626 out of 932 companies for Return-on-Tangible-Asset. This places TPG RE Finance Trust in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. TPG RE Finance Trust's value of 1.71% is 47.7% below this benchmark. While the company's 10-year median is 2.15 vs. the industry median of 3.27, TPG RE Finance Trust has consistently been below 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TPG RE Finance Trust's current Return-on-Tangible-Asset of 1.71% is 47.7% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TPG RE Finance Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPG RE Finance Trust's current Return-on-Tangible-Asset is 1.71%, which is 20% below median its own 10-year median of 2.15. 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 Modestly Overvalued. The stock's GF Value™ is $7.60, compared to a current price of $8.62 — trading 13.4% above its estimated fair value. The current Return-on-Tangible-Asset is 1.71%, which is 20% below median its 10-year median of 2.15 and 47.7% below the REITs industry median of 3.27. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For TPG RE Finance Trust (TRTX), the current Return-on-Tangible-Asset is 1.71% as of Mar. 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 $8.62 is trading 13.4% above its estimated GF Value™ of $7.60.
GuruFocus considers TPG RE Finance Trust to be Modestly Overvalued.
Key valuation signals for TRTX:
Return-on-Tangible-Asset: 1.71% (20% below median its 10-year median of 2.15)
GF Value™: $7.60 vs. price of $8.62 (13.4% above fair value)
Industry Position: 47.7% below the REITs median (#626 of 932)
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
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