Tejon Ranch Co. (TRC) AI Stock Analysis

Founded in 1843 and headquartered in Lebec, California, Tejon Ranch Co. operates across five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. Commercial and industrial operations handle planning, construction, sales, and leases for service stations, eateries, and telecommunications facilities. The resort and residential division oversees land entitlement and planning. The mineral resources segment collects royalties from oil, gas, aggregates, cement production, and water assets. The farming segment produces wine grapes, almonds, pistachios, alfalfa, forage mix, and vegetables, while ranch operations manage land services, grazing leases, and guided hunting.

Between FY2020 and FY2025, Tejon Ranch delivered a five-year revenue compound annual growth rate of 5.6%. Top-line performance fluctuated, moving from $79.2M in FY2022 down to $41.9M in FY2024, before rising 18.4% to $49.6M in FY2025. Net income narrowed from $15.8M in FY2022 to $75,000 in FY2025, with net margins dropping from 20.0% to 0.2% over that period. Over the trailing twelve months ended June 30, 2026, revenue stood at $56.8M with an operating margin of 2.4% and diluted EPS of $0.22. For the quarter ended June 30, 2026, quarterly revenue grew 71.7% year-over-year, while quarterly earnings fell 64.8%.

As of June 30, 2026, Tejon Ranch held $15.1M in cash and short-term investments against $95.9M in total debt, resulting in net debt of $80.9M. The balance sheet maintained a debt-to-equity ratio of 0.20 and a current ratio of 2.92, supported by $477.6M in shareholders' equity and $639.5M in total assets. Operating cash flow stood at $6.1M in FY2025, but capital expenditures reached $71.2M, leading to free cash flow of -$65.1M. Over five years, the company reduced its share count by 0.6%.

TRC trades at a trailing P/E of 74.3x and a forward P/E of 89.3x, well above the US-listed Industrials median trailing P/E of 24.8x and forward P/E of 17.2x. The enterprise value of $527.0M reflects an EV/EBITDA multiple of 84.3x, compared to 13.9x for the peer group. However, TRC trades at a price-to-book ratio of 0.9x. Over the past year, the stock returned 4.1%, trailing the S&P 500 (SPY) return of 16.8%. Over a five-year timeframe, TRC returned -9.8% compared to an 83.0% gain for the benchmark.

Analysts have established a mean price target of $26.25, indicating potential upside of 60.6% relative to the October 16, 2026 closing price of $16.34. For the current fiscal year ending December 31, 2026, consensus estimates anticipate revenue of $55.0M and EPS of $0.18. Over the prior four quarters, Tejon Ranch delivered 4 EPS beats against forecasts. The company's next earnings report is scheduled for November 5, 2026.

This page is an AI-written research summary of Tejon Ranch Co. (TRC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: TRC income statement, TRC balance sheet, TRC key metrics, TRC analyst forecast, TRC chart. See the TRC stock overview for the latest quote and news.