Transcontinental Realty Investors, Inc. (TCI) Key Metrics
TCI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $424.7M
- Enterprise value
- $495.0M
- P/E (TTM)
- 52.1 10-yr median 35.9
- Forward P/E
- 19.7
- PEG ratio
- —
- Price / sales
- 8.5 10-yr median 6.1
- Price / book
- 0.4 10-yr median 0.6
- EV / EBITDA
- 14.3 10-yr median 11.9
- Dividend yield
- —
- Beta
- 0.55
TCI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTCI valuation Price multiples at each fiscal year-end price.
TCI returns How much profit the business earns on the capital it uses.
TCI per-share figures Results divided by the shares outstanding at year-end.
TCI financial health Debt, liquidity and how easily interest is covered.
TCI efficiency & capital use Working capital cycle and where the cash goes.
TCI valuation history
TCI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TCI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TCI cash returned to shareholders
TCI price vs earnings per share
TCI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $506.4M | $257.5M | $298.6M | $381.7M | $337.8M | $208.3M | $347.7M | $246.9M | $273.0M | $104.8M |
| Enterprise value | $628.2M | $339.7M | $350.6M | $462.1M | $637.3M | $645.5M | $765.5M | $642.3M | $1.23B | $928.8M |
| P/E ratio | 36.7 | 43.9 | 50.3 | 0.8 | 35.9 | 31.2 | — | 1.4 | — | — |
| Price / sales | 10.3 | 5.8 | 6.3 | 11.2 | 8.9 | 4.0 | 7.5 | 2.0 | 2.2 | 0.9 |
| Price / book | 0.6 | 0.3 | 0.4 | 0.5 | 0.9 | 0.6 | 1.0 | 0.6 | 1.4 | 0.5 |
| Price / operating cash flow | — | 196.6 | — | — | — | 37.0 | — | — | — | 13.0 |
| EV / sales | 12.8 | 7.6 | 7.5 | 13.6 | 16.9 | 12.4 | 16.6 | 5.3 | 9.9 | 7.8 |
| EV / EBITDA | 15.4 | 11.8 | 10.6 | 0.8 | 13.5 | 11.6 | 39.7 | 2.4 | 17.5 | 12.0 |
| Earnings yield | 2.7% | 2.3% | 2.0% | 122.7% | 2.8% | 3.2% | −7.7% | 73.5% | −5.8% | 0.0% |
| Free cash flow yield | −16.3% | −22.0% | −10.4% | −11.9% | −5.6% | −5.7% | −21.0% | −105.3% | −40.2% | −99.0% |
| Dividend yield | — | — | — | — | — | 0.1% | 0.0% | 0.4% | 0.3% | 0.9% |
| Shareholder yield (dividends + buybacks) | 0.2% | 0.3% | 0.3% | 0.0% | 0.0% | 0.1% | 0.0% | 0.4% | 0.3% | 0.9% |
| Share price at fiscal year-end | $58.62 | $29.81 | $34.56 | $44.18 | $39.10 | $24.11 | $39.88 | $28.32 | $31.32 | $12.02 |
| Per share | ||||||||||
| Revenue per share | $5.68 | $5.18 | $5.44 | $3.94 | $4.38 | $6.01 | $5.30 | $13.87 | $14.37 | $13.59 |
| Earnings per share | $1.60 | $0.68 | $0.69 | $54.20 | $1.09 | $0.77 | −$3.09 | $20.81 | −$1.81 | $0.00 |
| Operating cash flow per share | −$0.33 | $0.15 | −$3.60 | −$5.25 | −$1.27 | $0.65 | −$4.10 | −$20.78 | −$3.73 | $0.92 |
| Free cash flow per share | −$9.54 | −$6.55 | −$3.60 | −$5.25 | −$2.21 | −$1.37 | −$8.36 | −$29.83 | −$12.60 | −$11.90 |
| Cash per share | $10.31 | $11.54 | $14.72 | $26.99 | $7.72 | $4.26 | $5.87 | $4.17 | $4.90 | $2.01 |
| Book value per share | $98.01 | $96.34 | $95.61 | $97.30 | $43.01 | $41.85 | $40.61 | $43.64 | $21.70 | $23.62 |
| Tangible book value per share | $98.01 | $96.34 | $95.61 | $97.30 | $43.01 | $41.85 | $40.61 | $43.64 | $21.70 | $23.62 |
| Dividends per share | — | — | — | — | — | $0.02 | $0.00 | $0.10 | $0.10 | $0.10 |
| Capex per share | $9.20 | $6.71 | $2.14 | $2.16 | $0.93 | $2.03 | $4.26 | $9.05 | $8.88 | $12.82 |
| Debt per share | $24.40 | $21.05 | $20.74 | $36.31 | $42.39 | $54.86 | $53.80 | $49.53 | $115.16 | $96.53 |
| Shares outstanding | 8.6M | 8.6M | 8.6M | 8.6M | 8.6M | 8.6M | 8.7M | 8.7M | 8.7M | 8.7M |
| Change in shares outstanding | 0.0% | 0.0% | +0.0% | 0.0% | −0.0% | −0.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 1.6% | 0.7% | 0.7% | 77.3% | 2.6% | 1.9% | −7.3% | 63.7% | −8.0% | 0.0% |
| Return on invested capital (ROIC) | −0.5% | −0.5% | −0.9% | −1.0% | −2.2% | −0.0% | −0.8% | 1.6% | 1.5% | 1.6% |
| Return on assets (ROA) | 1.3% | 0.6% | 0.5% | 46.7% | 1.1% | 0.8% | −3.1% | 16.7% | −1.3% | 0.0% |
| Return on tangible assets | 1.2% | 0.5% | 0.6% | 38.4% | 1.2% | 0.8% | −3.1% | 21.0% | −1.2% | 0.0% |
| Free cash flow margin | −167.9% | −126.5% | −66.1% | −133.2% | −50.4% | −22.9% | −157.7% | −215.0% | −87.7% | −87.6% |
| Income quality (OCF / net income) | −0.21 | 0.22 | −5.23 | −0.10 | −1.17 | 0.84 | — | −1.00 | — | 217.24 |
| Financial health | ||||||||||
| Total debt | $210.8M | $181.9M | $179.1M | $313.7M | $366.2M | $474.0M | $469.0M | $431.8M | $1.00B | $841.5M |
| Cash & short-term investments | $89.0M | $99.7M | $127.1M | $233.2M | $66.7M | $36.8M | $51.2M | $36.4M | $42.7M | $17.5M |
| Net debt | $121.8M | $82.1M | $52.0M | $80.5M | $299.5M | $437.2M | $417.9M | $395.4M | $961.2M | $824.0M |
| Debt / equity | 0.25 | 0.22 | 0.22 | 0.37 | 0.99 | 1.31 | 1.32 | 1.14 | 5.31 | 4.09 |
| Debt / assets | 0.19 | 0.17 | 0.17 | 0.26 | 0.46 | 0.54 | 0.54 | 0.50 | 0.76 | 0.71 |
| Net debt / EBITDA | 2.99 | 2.86 | 1.57 | 0.13 | 6.36 | 7.89 | 21.69 | 1.48 | 13.66 | 10.69 |
| Current ratio | 9.49 | 14.24 | 32.44 | 9.77 | 7.10 | 10.80 | 10.37 | 10.55 | 6.70 | 4.84 |
| Quick ratio | 9.49 | 14.24 | 32.44 | 9.77 | −0.44 | −1.46 | 10.37 | 10.55 | 6.70 | 5.69 |
| Interest coverage | -1.0 | -0.8 | -1.1 | -0.5 | -0.7 | -0.0 | -0.2 | 0.3 | 0.3 | 0.3 |
| Working capital | $466.8M | $467.4M | $514.6M | $555.2M | $305.1M | $336.0M | $312.4M | $293.1M | $229.9M | $187.8M |
| Invested capital | $968.5M | $914.4M | $878.0M | $921.1M | $671.1M | $798.7M | $771.9M | $775.8M | $1.15B | $1.03B |
| Tangible asset value | $866.2M | $852.8M | $847.0M | $840.6M | $371.6M | $361.5M | $354.1M | $380.4M | $208.3M | $224.5M |
| Net current asset value | $255.3M | $285.0M | $334.8M | $241.0M | −$61.6M | −$147.3M | −$166.1M | −$158.2M | −$835.0M | −$724.7M |
| Graham number | $59.36 | $38.35 | $38.45 | $344.48 | $32.45 | $26.96 | — | $142.95 | — | $1.50 |
| Graham net-net per share | $14.39 | $18.01 | $21.74 | $7.29 | $4.44 | −$6.72 | −$30.26 | −$32.43 | −$106.23 | −$95.06 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | $197,000 | $0 | $900,000 | $900,000 | $900,000 |
| Share buybacks (net) | $1.1M | $802,000 | $908,000 | $0 | $0 | — | — | — | $0 | $0 |
| Dividend payout ratio | — | — | — | — | — | 3.0% | — | 0.5% | — | — |
| Capex / revenue | 162.0% | 129.4% | 39.3% | 54.8% | 21.3% | 33.7% | 80.4% | 65.2% | 61.8% | 94.4% |
| Capex / operating cash flow | — | 4,422.4% | — | — | — | 310.9% | — | — | — | 1,391.0% |
| Capex / depreciation | 6.29 | 4.62 | 1.27 | 1.43 | 0.54 | 0.94 | 2.38 | 3.47 | 3.03 | 4.72 |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| SG&A / revenue | 11.9% | 48.2% | 39.0% | 52.6% | 64.0% | 34.6% | 37.0% | 18.2% | 13.0% | 12.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 2,853.2 | 2,883.1 | 2,401.5 | 2,907.2 | 2,653.8 | 1,919.1 | 1,893.7 | 602.0 | 528.7 | 525.3 |
| Days of inventory on hand | — | — | 0.0 | 3,753.2 | 6,978.5 | 3,150.3 | 0.0 | — | — | -121.1 |
| Days payables outstanding | 244.4 | 309.1 | 469.9 | 1,012.0 | 615.3 | 395.9 | 381.9 | 194.5 | 247.6 | 246.3 |
| Cash conversion cycle (days) | 2,608.7 | 2,573.9 | 1,931.6 | 5,648.3 | 9,017.0 | 4,673.6 | 1,511.8 | 407.5 | 162.2 | 158.0 |
| Receivables turnover | 0.13 | 0.13 | 0.15 | 0.13 | 0.14 | 0.19 | 0.19 | 0.61 | 0.69 | 0.69 |
| Payables turnover | 1.49 | 1.18 | 0.78 | 0.36 | 0.59 | 0.92 | 0.96 | 1.88 | 1.47 | 1.48 |
| Inventory turnover | — | — | 27,896,000.00 | 0.10 | 0.05 | 0.12 | 25,213,000.00 | — | — | — |
| Asset turnover | 0.04 | 0.04 | 0.04 | 0.03 | 0.05 | 0.06 | 0.05 | 0.11 | 0.10 | 0.10 |
| Average receivables | $383.5M | $353.6M | $309.4M | $271.4M | $274.9M | $272.9M | $239.9M | $199.5M | $181.4M | $170.5M |
| Average payables | $41.6M | $22.9M | $35.9M | $50.8M | $35.2M | $26.4M | $26.4M | $31.7M | $42.8M | $41.8M |
| Average inventory | — | — | $1 | $188.6M | $398.8M | $210.3M | $1 | — | −$20.5M | −$20.5M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from TCI's annual financial statements (latest annual report filed March 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TCI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Transcontinental Realty traded at 36.7 times earnings, against a 10-year median of 35.9. Based on the latest twelve months, the trailing P/E is 52.1 and the forward P/E is 19.7. Transcontinental Realty earned a return on equity of 1.6% and a return on invested capital of −0.5% in fiscal 2025. It ended the year with $210.8 million of debt and $89.0 million in cash and short-term investments, net debt of $121.8 million. It returned $1.1 million to shareholders: $0 in dividends and $1.1 million in share buybacks.
See the TCI income statement, the TCI chart for price history, or the TCI stock overview for the latest quote and news.
TCI key metrics FAQ
What is Transcontinental Realty's P/E ratio?
Transcontinental Realty's trailing P/E ratio is 52.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.7. At the end of fiscal 2025 it was 36.7, compared with a 10-year median of 35.9.
What is Transcontinental Realty's EV/EBITDA?
Transcontinental Realty's enterprise value was 15.4 times EBITDA at the end of fiscal 2025 (enterprise value $628.2 million, EBITDA $40.8 million); the current EV/EBITDA is 14.3.
What is Transcontinental Realty's return on equity?
Transcontinental Realty's return on equity (ROE) was 1.6% in fiscal 2025: net income of $13.8 million on average shareholders' equity of $839.5 million.
What is Transcontinental Realty's ROIC?
Transcontinental Realty's return on invested capital was −0.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Transcontinental Realty have?
Transcontinental Realty had total debt of $210.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.25 and $121.8 million of net debt (2.99 times EBITDA).
Does Transcontinental Realty buy back its shares?
Yes. Transcontinental Realty spent $1.1 million on net share repurchases in fiscal 2025 Shares outstanding changed 0.0% over the year, to 8.6M..
What is Transcontinental Realty's free cash flow yield?
Transcontinental Realty generated -$82.4 million of free cash flow in fiscal 2025, a free cash flow yield of −16.3% on its market value at year-end ($506.4 million).
What is Transcontinental Realty's current ratio?
Transcontinental Realty's current ratio was 9.49 at the end of fiscal 2025: current assets were 9.49 times current liabilities.