What is TPG RE Finance Trust, Inc.'s EV / sales?

TPG RE Finance Trust, Inc. (TRTX) reported EV / sales of 14.9× in Q1 2026.

What does EV / sales mean?

What the whole business costs relative to its annual sales.

How do you interpret EV / sales?

A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.

How does EV / sales compare across companies?

Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.

TPG RE Finance Trust, Inc. TRTX EV / sales

EV / sales at other companies

Blackstone Mortgage TrustBXMT

3.8×-1.3×

Starwood Property TrustSTWD

3.3×+0.3×

FBR

Franklin BSP Realty TrustFBRT

2×—

Claros Mortgage TrustCMTG

3.9×-0.8×

Seven Hills Realty TrustSEVN

6.4×—

MFA FinancialMFA

1×-0.1×

Other financials

Income statement

See full

Revenue$74.2M+9.0%

Net income$18.9M+38.1%

EPS (diluted)$0.19+58.3%

Balance sheet

See full

Cash & equivalents$15.0M-95.9%

Total debt$3.8B—

Total equity$1.1B-3.8%

Total assets$4.5B+12.9%

Cash flow

See full

Operating cash flow$24.6M+28.4%

CapEx$8.0K-96.7%

Free cash flow$24.6M+30.0%

Valuation

See full

Market cap$657.89M-7.3%

Enterprise value$4.46B—

P/E10×+0.1×

P/S2.2×-0.2×

Profitability

See full

Net margin22.1%-2.2pp

Returns & leverage

See full

Return on equity6.1%-0.4pp

Debt / equity3.6×—

Where this comes from

Calculated from TPG RE Finance Trust, Inc.’s reported figures.

enterprise value/total revenue=14.9×

Based on the most recent quarter.

The official record: TPG RE Finance Trust, Inc.’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TPG RE Finance Trust, Inc.'s EV / sales?: TPG RE Finance Trust, Inc. (TRTX) reported EV / sales of 14.9× in Q1 2026.
What does EV / sales mean?: What the whole business costs relative to its annual sales.
How do you interpret EV / sales?: A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?: Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.