TRC vs JOE vs MLP Stock Comparison

Tejon Ranch, St Joe and Maui Land & Pineapple Prices as of Oct 27, 2026 Peers: Industry group
TRC Tejon Ranch Co
$16.33 -0.6% 1M +1.7% 1Y
Market cap
$440.99M
P/E
73.0x
Revenue (TTM)
$56.84M
Div. yield
–
Real Estate Development Real Estate
1 win
JOE ST JOE Co
$68.08 +4.2% 1M +33.7% 1Y
Market cap
$3.88B
P/E
31.6x
Revenue (TTM)
$547.84M
Div. yield
0.94%
Real Estate Development Real Estate
8 wins

Head to Head

9 decided of 12

St Joe leads on 8 of the 12 questions below (St Joe 8, Tejon Ranch 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTRCJOEMLPLeader
Larger companyMarket capitalisation $440.99M $3.88B $282.05M JOE
Cheaper on earningsLower P/E, profitable companies only 73.0x 31.6x -61.0x JOE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 96.1x 88.4x — JOE
Faster revenue growthRevenue growth, trailing twelve months +25.4% +28.4% -4.1% JOE
More profitableNet margin, trailing twelve months 10.6% 22.5% -28.6% JOE
Better return on capitalReturn on invested capital 0.0% — — –
Less leveragedLower net debt / EBITDA 12.9x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.94% 0.00% –
Better 1-year returnPrice return, last 12 months +1.7% +33.7% -10.5% JOE
Better 5-year returnAnnualised price return, 5 years -2.4%/yr +7.4%/yr +6.0%/yr JOE
Less volatileAnnualised volatility, 1 year 21.3% 29.9% 35.4% TRC
Higher overall scoreMean of the five percentile scores vs peers 58/100 72/100 32/100 JOE

Percentile Scorecard

TRCJOEMLP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTRCJOEMLP
Valuation 29 #28 of 39 55 #18 of 39 8 #36 of 39
Growth 71 #10 of 32 90 #4 of 32 48 #17 of 32
Profitability 54 #14 of 29 96 #2 of 29 25 #22 of 29
Financial Health 78 #9 of 38 62 #15 of 38 49 #20 of 38
Shareholder Returns – 54 #7 of 14 –
Overall 58 72 32
  • TRC ranked among 42 companies in Property Developers
  • JOE ranked among 42 companies in Property Developers
  • MLP ranked among 42 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTRCJOEMLPSPY
1 month -0.6%+4.2%-12.1% -0.2%
3 months -5.5%+9.4%-19.5% +3.9%
6 months -19.6%-4.0%-9.6% +8.2%
Year to date +3.6%+14.7%-16.2% +12.9%
1 year +1.7%+33.7%-10.5% +12.3%
3 years +6.4%+47.5%-4.3% +87.4%
3 years, per year +2.1%+13.8%-1.5% +23.3%
5 years -11.3%+42.5%+33.9% +67.9%
5 years, per year -2.4%+7.4%+6.0% +10.9%
10 years -25.4%+287.9%+116.0% +261.1%
10 years, per year -2.9%+14.5%+8.0% +13.7%

Risk

MeasureTRCJOEMLPSPY
Volatility, 1Y 21.3%29.9%35.4% 12.7%
Downside volatility, 1Y 20.8%26.5%32.1% 12.7%
Beta vs S&P 500, 1Y 0.230.480.29 1.00
Return / volatility, 1Y 0.081.13-0.30 0.97
Max drawdown, 5Y -32.4%-48.7%-46.3% -25.4%
From 52-week high -20.3%-6.5%-28.8% -1.2%
52-week high $20.48$72.79$19.92 $779.14
52-week low $15.58$49.03$13.96 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTRCJOEMLP
P/E now vs peer median 73.0xmedian 7.9x 31.6xmedian 7.9x -61.0xmedian 7.9x
P/S now vs peer median 7.8xmedian 4.7x 7.1xmedian 4.7x 17.5xmedian 4.7x
EV/EBITDA now vs peer median 83.5xmedian 11.2x 17.7xmedian 11.2x —median 11.2x
P/FCF now vs peer median -16.9xmedian 6.2x 20.3xmedian 6.2x -34.4xmedian 6.2x
P/B now vs peer median 0.9xmedian 0.6x 5.0xmedian 0.6x 9.1xmedian 0.6x
PEG now vs peer median -2.91median 0.32 2.32median 0.32 -2.46median 0.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTRCJOEMLP
Revenue $56.84M $547.84M $16.15M
Gross profit – $241.34M $9.37M
Operating income -$515.00K $165.33M -$5.87M
Net income $6.04M $123.71M -$5.87M
Free cash flow -$26.03M $191.24M -$8.19M
EPS (diluted) $0.22 $2.15 $-0.23
Cash & equivalents $3.87M $117.32M $3.28M
Total debt $377.27M – $8.50M
Shares (diluted) 27.07M 57.17M 20.40M
Enterprise value $375.97M $3.38B $264.58M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTRCJOEMLP
P/E 73.0x 31.6x -61.0x
P/FCF -16.9x 20.3x -34.4x
P/Operating cash flow 35.4x 17.9x 792.3x
P/S 7.8x 7.1x 17.5x
P/B 0.9x 5.0x 9.1x
P/Tangible book 0.9x 5.0x 9.1x
EV/EBITDA 83.5x 17.7x –
EV/EBIT -1,013x 22.8x -48.9x
EV/Revenue 9.2x 6.9x 17.8x
EV/FCF -20.0x 19.7x -35.1x
EV/Operating cash flow 41.9x 17.4x 806.9x
PEG (3Y EPS CAGR) -2.91 2.32 -2.46

Growth

14 metrics
MetricTRCJOEMLP
Revenue growth (1Y) 25.4% 28.4% -4.1%
Revenue CAGR (3Y) – 19.6% 19.4%
Gross profit growth (1Y) – 38.5% 17.6%
Gross profit CAGR (3Y) – – 9.0%
Operating income growth (1Y) 94.8% 63.9% 10.5%
Operating income CAGR (3Y) -27.1% 29.8% -21.8%
Net income growth (1Y) 1,237% 52.3% 10.5%
Net income CAGR (3Y) -24.8% 14.2% 18.5%
EPS growth (1Y) 1,233% 51.0% 67.6%
EPS CAGR (3Y) -25.1% 13.6% 24.8%
Operating cash flow growth (1Y) -8.4% 84.3% 78.9%
Operating cash flow CAGR (3Y) 21.0% 44.3% 27.2%
Free cash flow growth (1Y) 55.6% 134.2% -94.9%
Free cash flow CAGR (3Y) -24.6% 47.3% -9.2%

Profitability

14 metrics
MetricTRCJOEMLP
Gross margin – 44.1% 58.0%
EBITDA margin 11.0% 38.7% –
Operating margin -0.9% 30.2% -36.3%
Pretax margin 5.1% 30.3% -36.3%
Net margin 10.6% 22.5% -28.6%
FCF margin -45.8% 34.9% -50.7%
Operating cash flow margin 21.9% 39.6% 2.2%
Return on equity 1.2% 16.0% -18.6%
Return on assets 0.9% 8.2% -12.0%
Return on invested capital 0.0% – –
Return on capital employed -0.1% – -13.9%
Asset turnover 0.1x 0.4x 0.3x
Cash conversion (OCF / net income) 2.1x 1.8x -0.1x
Stock comp / revenue 2.0% 0.2% –

Financial Health

11 metrics
MetricTRCJOEMLP
Debt / assets 15.0% – 17.1%
Debt / equity 0.2x – 0.3x
Net debt / EBITDA 12.9x – –
Debt / FCF -3.7x – -1.0x
Liabilities / assets 22.9% 48.8% 37.4%
Equity / assets 77.1% 51.2% 62.6%
Interest coverage – 5.7x –
Current ratio 2.9x – 1.2x
Quick ratio 1.6x – 0.8x
Cash ratio 1.4x – 0.5x
Altman Z-score 2.18 – 6.95

Shareholder Returns

7 metrics
MetricTRCJOEMLP
Dividend yield – 0.9% –
Net buyback yield – 1.6% –
Shareholder yield 0.0% 2.5% 0.0%
Payout ratio (earnings) – 28.8% –
Payout ratio (FCF) – 18.7% –
Dividend growth (1Y) – 9.2% –
Dividend CAGR (3Y) – 15.2% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTRCJOEMLP
Forward P/E 96.1xFY2026 88.4xFY2026 –
EPS, next fiscal year $0.17FY2026 $0.77FY2026 –
EPS growth, next FY +1,600.0%FY2026 -42.1%FY2026 –
EPS growth, the year after +147.1% – –
Revenue, next fiscal year $57.93MFY2026 $273.72MFY2026 –
Revenue growth, next FY +16.8%FY2026 -29.7%FY2026 –
Revenue growth, the year after +23.5% – –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTRCJOEMLP
Held by institutions 78.6% 87.6% 23.5%
Institutions holding 127 320 66
Change in shares held, QoQ +1.3% -0.2% +28.9%
Institutions buying 61 160 23
Institutions selling 30 97 26
Buyers to sellers 2.03 1.65 0.88

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TRCJOEMLP
TRC 1.00 0.30 0.26
JOE 0.30 1.00 0.21
MLP 0.26 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TRC, JOE and MLP?

St Joe (JOE) is the largest by market capitalisation: Tejon Ranch (TRC) $440.99M, St Joe (JOE) $3.88B, Maui Land & Pineapple (MLP) $282.05M.

Which stock is cheaper, TRC, JOE and MLP?

St Joe (JOE) trades on the lowest price-to-earnings ratio (Tejon Ranch (TRC) 73.0x, St Joe (JOE) 31.6x, Maui Land & Pineapple (MLP) -61.0x). On next year's consensus earnings, St Joe (JOE) is cheapest (Tejon Ranch (TRC) 96.1x, St Joe (JOE) 88.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

St Joe (JOE) grew revenue fastest over the trailing twelve months: Tejon Ranch (TRC) +25.4%, St Joe (JOE) +28.4%, Maui Land & Pineapple (MLP) -4.1%.

Which company is more profitable?

St Joe (JOE) has the highest net margin (Tejon Ranch (TRC) 10.6%, St Joe (JOE) 22.5%, Maui Land & Pineapple (MLP) -28.6%).

Which stock has performed better?

Over the past year St Joe (JOE) returned the most: Tejon Ranch (TRC) +1.7%, St Joe (JOE) +33.7%, Maui Land & Pineapple (MLP) -10.5%. Over five years, St Joe (JOE) compounded fastest (Tejon Ranch (TRC) -2.4%/yr, St Joe (JOE) +7.4%/yr, Maui Land & Pineapple (MLP) +6.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Tejon Ranch (TRC) 0.00%, St Joe (JOE) 0.94%, Maui Land & Pineapple (MLP) 0.00%. Tejon Ranch (TRC) and Maui Land & Pineapple (MLP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Tejon Ranch (TRC) has been the steadiest (Tejon Ranch (TRC) 21.3%, St Joe (JOE) 29.9%, Maui Land & Pineapple (MLP) 35.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TRC, JOE and MLP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, St Joe (JOE) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.