TPG RE Finance TrustTRTX -0.48%51 Return-on-Tangible-Equity is 7.11% as of Mar. 2026, which is 5% below its 10-year median of 7.47. GuruFocus rates TRTX with a GF Score™ of 51/100 and a GF Value™ of $7.91 (Fairly Valued). The stock has 4 warning signs investors should review. Among 931 REITs companies, TPG RE Finance Trust ranks worse than 52.09% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. TPG RE Finance Trust's annualized net income for the quarter that ended in Mar. 2026 was $75.8 Mil. TPG RE Finance Trust's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,065.1 Mil. Therefore, TPG RE Finance Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.11%.
The historical rank and industry rank for TPG RE Finance Trust's Return-on-Tangible-Equity or its related term are showing as below:
TRTX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.88 Med: 7.47 Max: 10.14
Current: 6.06
During the past 11 years, TPG RE Finance Trust's highest Return-on-Tangible-Equity was 10.14%. The lowest was -9.88%. And the median was 7.47%.
TRTX's Return-on-Tangible-Equity is ranked worse than 52.09% of 931
companies
in the REITs industry
Industry Median: 6.25
vs TRTX: 6.06
TPG RE Finance Trust (NYSE:TRTX) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
TPG RE Finance Trust Return-on-Tangible-Equity Related Terms
TPG RE Finance Trust Return-on-Tangible-Equity Historical Data
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The historical data trend for TPG RE Finance Trust's Return-on-Tangible-Equity 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-Equity Chart
TRTX vs FBRT, RWT, BRSP: Return-on-Tangible-Equity Comparison
For the REIT - Mortgage subindustry, TPG RE Finance Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, TPG RE Finance Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TPG RE Finance Trust's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 7.11% mean?
TPG RE Finance Trust (TRTX) has a Return-on-Tangible-Equity of 7.11% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TPG RE Finance Trust and its competitors. This is near median its historical median of 7.47. According to the industry distribution chart, TPG RE Finance Trust ranks #485 out of 931 companies in the REITs industry, placing it in the top 52.1%.
Is TPG RE Finance Trust's Return-on-Tangible-Equity too high?
TPG RE Finance Trust's current Return-on-Tangible-Equity of 7.11% is near median its 10-year median of 7.47. The REITs industry median Return-on-Tangible-Equity is 6.25. TPG RE Finance Trust's value of 7.11% is 13.8% above this industry median. Based on the distribution chart, TPG RE Finance Trust ranks #485 out of 931 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 Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TPG RE Finance Trust's Return-on-Tangible-Equity compare to FBRT and RWT?
According to the REITs industry distribution chart, TPG RE Finance Trust ranks #485 out of 931 companies for Return-on-Tangible-Equity. This places TPG RE Finance Trust in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.25. TPG RE Finance Trust's value of 7.11% is 13.8% above this benchmark. While the company's 10-year median is 7.47 vs. the industry median of 6.25, TPG RE Finance Trust 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.25, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 7.11% is 13.8% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TPG RE Finance Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.25 — 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-Equity is 7.11%, which is near median its own 10-year median of 7.47. 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 $7.91, compared to a current price of $8.37 — trading 5.8% above its estimated fair value. The current Return-on-Tangible-Equity is 7.11%, which is near median its 10-year median of 7.47 and 13.8% above the REITs industry median of 6.25. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For TPG RE Finance Trust (TRTX), the current Return-on-Tangible-Equity is 7.11% 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 $8.37 is trading 5.8% above its estimated GF Value™ of $7.91.
GuruFocus considers TPG RE Finance Trust to be Fairly Valued.
Key valuation signals for TRTX:
Return-on-Tangible-Equity: 7.11% (near median its 10-year median of 7.47)
GF Value™: $7.91 vs. price of $8.37 (5.8% above fair value)
Industry Position: 13.8% above the REITs median (#485 of 931)
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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