Tejon Ranch Co. (TRC) Key Metrics
TRC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $441.5M
- Enterprise value
- $527.0M
- P/E (TTM)
- 74.3 10-yr median 101.2
- Forward P/E
- 89.3
- PEG ratio
- —
- Price / sales
- 7.8 10-yr median 9.7
- Price / book
- 0.9 10-yr median 1.0
- EV / EBITDA
- 84.3 10-yr median 51.4
- Dividend yield
- —
- Beta
- 0.55
TRC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTRC valuation Price multiples at each fiscal year-end price.
TRC returns How much profit the business earns on the capital it uses.
TRC per-share figures Results divided by the shares outstanding at year-end.
TRC financial health Debt, liquidity and how easily interest is covered.
TRC efficiency & capital use Working capital cycle and where the cash goes.
TRC valuation history
TRC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TRC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TRC cash returned to shareholders
TRC price vs earnings per share
TRC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $425.0M | $426.5M | $459.4M | $502.1M | $504.0M | $378.7M | $417.9M | $430.7M | $450.9M | $513.2M |
| Enterprise value | $494.0M | $439.7M | $442.8M | $479.5M | $509.4M | $377.5M | $413.3M | $416.8M | $429.7M | $566.6M |
| P/E ratio | — | 158.5 | 140.7 | 31.8 | 94.2 | — | 39.5 | 101.2 | — | 919.6 |
| Price / sales | 8.6 | 10.2 | 10.3 | 6.3 | 9.1 | 10.0 | 8.4 | 9.4 | 12.6 | 11.3 |
| Price / book | 0.9 | 0.9 | 1.0 | 1.1 | 1.1 | 0.9 | 1.0 | 1.0 | 1.1 | 1.7 |
| Price / operating cash flow | 69.3 | 29.8 | 33.6 | 58.9 | 179.0 | 24.5 | 26.0 | 30.0 | 45.9 | 91.9 |
| EV / sales | 10.0 | 10.5 | 9.9 | 6.1 | 9.2 | 10.0 | 8.3 | 9.1 | 12.1 | 12.4 |
| EV / EBITDA | 68.9 | 51.4 | 42.6 | 17.2 | 37.0 | — | 114.7 | 92.3 | — | — |
| Earnings yield | 0.0% | 0.6% | 0.7% | 3.1% | 1.1% | −0.2% | 2.5% | 1.0% | −0.3% | 0.1% |
| Free cash flow yield | −15.3% | −12.1% | −3.0% | −3.0% | −4.1% | −2.7% | −3.1% | −2.8% | −3.7% | −4.1% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | 0.0% | 0.7% | 0.5% | 0.4% | 0.6% | 0.4% | 0.0% | 0.2% | 0.6% |
| Share price at fiscal year-end | $15.77 | $15.90 | $17.20 | $18.84 | $19.08 | $14.45 | $15.98 | $16.58 | $20.76 | $24.69 |
| Per share | ||||||||||
| Revenue per share | $1.84 | $1.56 | $1.68 | $2.97 | $2.11 | $1.44 | $1.89 | $1.76 | $1.64 | $2.19 |
| Earnings per share | $0.00 | $0.10 | $0.12 | $0.59 | $0.20 | −$0.03 | $0.40 | $0.16 | −$0.07 | $0.03 |
| Operating cash flow per share | $0.23 | $0.53 | $0.51 | $0.32 | $0.11 | $0.59 | $0.61 | $0.55 | $0.45 | $0.27 |
| Free cash flow per share | −$2.42 | −$1.93 | −$0.51 | −$0.57 | −$0.78 | −$0.39 | −$0.49 | −$0.46 | −$0.76 | −$1.00 |
| Cash per share | $0.92 | $2.00 | $2.41 | $2.72 | $1.79 | $2.22 | $2.53 | $3.07 | $4.19 | $1.34 |
| Book value per share | $17.63 | $17.66 | $17.51 | $17.34 | $16.70 | $16.41 | $16.45 | $16.14 | $18.34 | $14.72 |
| Tangible book value per share | $15.31 | $16.95 | $15.56 | $15.58 | $14.77 | $14.24 | $5.44 | $4.50 | $5.15 | $1.81 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $2.64 | $2.46 | $1.02 | $0.89 | $0.88 | $0.99 | $1.11 | $1.02 | $1.22 | $1.27 |
| Debt per share | $3.49 | $2.50 | $1.80 | $1.87 | $1.99 | $2.17 | $2.36 | $2.53 | $3.21 | $3.92 |
| Shares outstanding | 26.9M | 26.8M | 26.7M | 26.7M | 26.4M | 26.2M | 26.1M | 26.0M | 21.7M | 20.8M |
| Change in shares outstanding | +0.5% | +0.4% | +0.2% | +0.9% | +0.8% | +0.2% | +0.7% | +19.6% | +4.5% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.0% | 0.6% | 0.7% | 3.5% | 1.2% | −0.2% | 2.5% | 1.0% | −0.4% | 0.2% |
| Return on invested capital (ROIC) | −0.8% | −1.4% | −0.5% | 2.1% | −0.0% | −0.8% | −0.3% | 0.1% | −1.6% | −1.4% |
| Return on assets (ROA) | 0.0% | 0.5% | 0.6% | 2.8% | 1.0% | −0.1% | 2.0% | 0.8% | −0.3% | 0.1% |
| Return on tangible assets | 0.0% | 0.5% | 0.6% | 3.0% | 1.1% | −0.2% | 4.2% | 1.9% | −0.7% | 0.3% |
| Free cash flow margin | −131.3% | −123.7% | −30.6% | −19.0% | −36.8% | −27.3% | −26.0% | −26.5% | −46.5% | −45.6% |
| Income quality (OCF / net income) | 81.76 | 5.32 | 4.18 | 0.54 | 0.53 | — | 1.52 | 3.37 | — | 10.01 |
| Financial health | ||||||||||
| Total debt | $93.9M | $66.9M | $47.9M | $49.9M | $52.6M | $56.9M | $61.7M | $65.8M | $69.8M | $81.4M |
| Cash & short-term investments | $24.9M | $53.7M | $64.5M | $72.6M | $47.2M | $58.1M | $66.2M | $79.7M | $91.0M | $27.9M |
| Net debt | $69.0M | $13.2M | −$16.5M | −$22.6M | $5.5M | −$1.2M | −$4.5M | −$13.9M | −$21.2M | $53.5M |
| Debt / equity | 0.20 | 0.14 | 0.10 | 0.11 | 0.12 | 0.13 | 0.14 | 0.16 | 0.18 | 0.27 |
| Debt / assets | 0.15 | 0.11 | 0.08 | 0.09 | 0.10 | 0.11 | 0.11 | 0.12 | 0.13 | 0.19 |
| Net debt / EBITDA | 9.63 | 1.55 | −1.59 | −0.81 | 0.40 | — | −1.26 | −3.07 | — | — |
| Current ratio | 4.14 | 4.13 | 6.90 | 6.90 | 4.04 | 5.30 | 5.43 | 5.85 | 9.92 | 2.37 |
| Quick ratio | 3.78 | 3.90 | 6.60 | 6.62 | 3.67 | 5.06 | 5.25 | 5.69 | 9.68 | 2.20 |
| Interest coverage | — | — | — | 3.0 | -0.0 | -0.7 | -0.1 | — | — | — |
| Working capital | $29.8M | $52.6M | $68.2M | $71.0M | $47.4M | $55.6M | $67.0M | $80.0M | $93.4M | $25.5M |
| Invested capital | $544.2M | $486.8M | $451.2M | $439.6M | $446.6M | $428.8M | $425.7M | $405.4M | $377.1M | $359.3M |
| Tangible asset value | $428.0M | $469.9M | $431.0M | $430.5M | $405.5M | $388.6M | $157.7M | $132.3M | $140.4M | $66.2M |
| Net current asset value | −$100.7M | −$49.6M | −$14.6M | −$6.2M | −$26.6M | −$22.5M | −$11.6M | $2.1M | $12.5M | −$61.0M |
| Graham number | $1.05 | $6.31 | $6.94 | $15.21 | $8.72 | — | $12.24 | $7.71 | — | $2.98 |
| Graham net-net per share | −$3.94 | −$2.14 | −$0.82 | −$0.44 | −$1.31 | −$1.07 | −$0.72 | −$0.20 | $0.30 | −$3.33 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | — | $206,000 | $3.4M | $2.7M | $1.8M | $2.2M | $1.7M | $166,000 | $1.0M | $2.9M |
| Dividend payout ratio | — | — | — | — | — | — | — | — | — | 0.0% |
| Capex / revenue | 143.6% | 157.8% | 61.2% | 29.8% | 41.9% | 68.3% | 58.4% | 57.9% | 74.1% | 57.9% |
| Capex / operating cash flow | 1,161.5% | 461.8% | 200.4% | 276.5% | 827.2% | 166.8% | 180.2% | 184.1% | 268.8% | 472.3% |
| Capex / depreciation | 11.84 | 13.53 | 5.69 | 5.10 | 5.07 | 5.23 | 5.74 | 4.87 | 4.65 | 5.80 |
| Stock-based compensation / revenue | 3.5% | 10.0% | 7.3% | 3.6% | 7.7% | 11.9% | 6.5% | 7.1% | 10.0% | 10.1% |
| SG&A / revenue | 28.4% | 26.5% | 22.1% | 12.2% | 17.7% | 24.9% | 18.9% | 21.3% | 28.4% | 27.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 63.7 | 70.9 | 52.2 | 25.3 | 36.5 | 70.2 | 76.7 | 73.9 | 83.7 | 61.1 |
| Days of inventory on hand | 30.7 | 34.1 | 32.5 | 29.7 | 34.5 | 30.0 | 23.7 | 26.2 | 30.7 | 29.4 |
| Days payables outstanding | 60.1 | 70.9 | 54.8 | 31.6 | 31.4 | 49.4 | 53.5 | 49.3 | 32.9 | 25.3 |
| Cash conversion cycle (days) | 34.3 | 34.0 | 29.9 | 23.4 | 39.6 | 50.8 | 47.0 | 50.8 | 81.4 | 65.2 |
| Receivables turnover | 5.73 | 5.15 | 6.99 | 14.43 | 10.00 | 5.20 | 4.76 | 4.94 | 4.36 | 5.98 |
| Payables turnover | 6.07 | 5.15 | 6.66 | 11.55 | 11.64 | 7.39 | 6.83 | 7.41 | 11.09 | 14.45 |
| Inventory turnover | 11.88 | 10.71 | 11.24 | 12.30 | 10.59 | 12.16 | 15.38 | 13.95 | 11.91 | 12.40 |
| Asset turnover | 0.08 | 0.07 | 0.08 | 0.14 | 0.10 | 0.07 | 0.09 | 0.09 | 0.07 | 0.10 |
| Average receivables | $8.7M | $8.1M | $6.4M | $5.5M | $5.6M | $7.3M | $10.4M | $9.2M | $8.2M | $7.6M |
| Average payables | $7.2M | $7.8M | $5.8M | $4.8M | $4.0M | $4.8M | $6.1M | $4.8M | $3.0M | $2.8M |
| Average inventory | $3.7M | $3.7M | $3.4M | $4.5M | $4.3M | $2.9M | $2.7M | $2.5M | $2.8M | $3.3M |
| Intangibles / total assets | 9.9% | 3.1% | 9.0% | 8.3% | 9.3% | 10.6% | 53.4% | 57.1% | 55.3% | 61.0% |
Computed from TRC's annual financial statements (latest annual report filed March 19, 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.
TRC valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 74.3 and the forward P/E is 89.3. Tejon Ranch earned a return on equity of 0.0% and a return on invested capital of −0.8% in fiscal 2025. It ended the year with $93.9 million of debt and $24.9 million in cash and short-term investments, net debt of $69.0 million. The share count rose 29.7% from 20.8M to 26.9M over 9 years.
See the TRC income statement, the TRC chart for price history, or the TRC stock overview for the latest quote and news.
TRC key metrics FAQ
What is Tejon Ranch's P/E ratio?
Tejon Ranch's trailing P/E ratio is 74.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 89.3. At the end of fiscal 2025 it was —, compared with a 10-year median of 101.2.
What is Tejon Ranch's EV/EBITDA?
Tejon Ranch's enterprise value was 68.9 times EBITDA at the end of fiscal 2025 (enterprise value $494.0 million, EBITDA $7.2 million); the current EV/EBITDA is 84.3.
What is Tejon Ranch's return on equity?
Tejon Ranch's return on equity (ROE) was 0.0% in fiscal 2025: net income of $0.1 million on average shareholders' equity of $474.4 million.
What is Tejon Ranch's ROIC?
Tejon Ranch's return on invested capital was −0.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Tejon Ranch have?
Tejon Ranch had total debt of $93.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.20 and $69.0 million of net debt (9.63 times EBITDA).
What is Tejon Ranch's free cash flow yield?
Tejon Ranch generated -$65.1 million of free cash flow in fiscal 2025, a free cash flow yield of −15.3% on its market value at year-end ($425.0 million).
What is Tejon Ranch's current ratio?
Tejon Ranch's current ratio was 4.14 at the end of fiscal 2025: current assets were 4.14 times current liabilities.