TPG RE Finance Trust price to book ratio TRTX

Market value divided by the book value of the company's net assets, since 2017.

Today, Oct 23, 2026: 0.5×
9-year median: 0.6×
Against its 9-year history: 15th; percentile: 0 is its lowest day, 100 its highest
9-year range: 0.1× to 1.2×
Peer median: 0.6×

TPG RE Finance Trust's price to book ratio is 0.5× as of Oct 23, 2026.

That is below its 9-year median of 0.6×, lower than on 85% of days in the last 9 years.

Over that time it ranged from 0.1× in Apr 2020 to 1.2× in Sep 2017.

The median for 10 specialty REITs of a similar size is 0.6×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	0.5×	0.4×	0.7×
2025	0.6×	0.5×	0.7×
2024	0.6×	0.4×	0.7×
2023	0.4×	0.3×	0.5×
2022	0.4×	0.4×	0.7×
2021	0.7×	0.6×	0.8×
2020	0.6×	0.1×	1.1×
2019	1.0×	0.9×	1.0×
2018	0.9×	0.9×	1.1×
2017	1.0×	1.0×	1.2×

Against its peers

Companies in REIT - Specialty nearest TPG RE Finance Trust's size, closest first, today.

Company	Price to book ratio
TRTXTPG RE Finance Trust	0.5×
OLPOne Liberty Properties	1.6×
FBRTFranklin BSP Realty Trust	0.4×
FPIFarmland Partners	1.0×
UHTUniversal Health Realty Income Trust	3.6×
ABRArbor Realty Trust	0.2×
TCITranscontinental Realty Investors	0.5×
XRNChiron Real Estate	0.6×
IVRInvesco Mortgage Capital	0.6×
PMTPennyMac Mortgage Investment Trust	0.3×
CHCTCommunity Healthcare Trust	0.9×
Peer median	0.6×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on TPG RE Finance Trust

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.