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Price / sales at other companies

Blackstone Mortgage Trust logo
Blackstone Mortgage TrustBXMT
1.7×-0.2×
Starwood Property Trust logo
Starwood Property TrustSTWD
3.3×-0.3×
Apollo Commercial Real Estate Finance logo
Apollo Commercial Real Estate FinanceARI
5.5×+0.9×
Granite Point Mortgage Trust logo
Granite Point Mortgage TrustGPMT
5.6×-8.6×
FBR
Franklin BSP Realty TrustFBRT
2.4×-2.5×
Claros Mortgage Trust logo
Claros Mortgage TrustCMTG
1.9×-0.3×

Other financials

Income statement

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Revenue$74.2M+9.0%
Net income$18.9M+38.1%
EPS (diluted)$0.19+58.3%

Balance sheet

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Cash & equivalents$15.0M-95.9%
Total debt$3.8B
Total equity$1.1B-3.8%
Total assets$4.5B+12.9%

Cash flow

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Operating cash flow$24.6M+28.4%
CapEx$8.0K-96.7%
Free cash flow$24.6M+30.0%

Valuation

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Market cap$657.89M-7.3%
Enterprise value$4.46B
P/E10×+0.1×

Profitability

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Net margin22.1%-2.2pp

Returns & leverage

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Return on equity6.1%-0.4pp
Debt / equity3.6×

Where this comes from

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

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 price / sales?
TPG RE Finance Trust, Inc. (TRTX) reported price / sales of 2.1× in Q1 2026.
How has TPG RE Finance Trust, Inc.'s price / sales changed year-over-year?
TPG RE Finance Trust, Inc.'s price / sales decreased by 8.4% year-over-year, from 2.3× to 2.1×.
What is the long-term trend for TPG RE Finance Trust, Inc.'s price / sales?
Over 4 years (2021 to 2025), TPG RE Finance Trust, Inc.'s price / sales has grown at a -12.1% compound annual growth rate (CAGR), from 15.3× to 9.2×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.