TPG RE Finance Trust (TRTX) EV to EBITDA (2023 - 2026)
TPG RE Finance Trust's EV to EBITDA was 1.42 in Q2 2026, up 32.0% from 1.08 a year earlier and up 10.7% from the prior quarter.
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Analysis
TPG RE Finance Trust (TRTX) EV to EBITDA (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, TPG RE Finance Trust's EV to EBITDA was 0.63 through Jun 30, 2026; for FY2025, it came in at 2.24, up 30.3% from FY2024.
- In earlier years, EV to EBITDA was 1.72 in FY2024 (+427.8%), 0.33 in FY2023, -0.25 in FY2022 and 3.07 in FY2021.
- Quarterly EV to EBITDA has moved between -0.04 (Q3 2023) and 1.49 (Q4 2025) over five years.
- Compared with a year earlier, EV to EBITDA has increased for five straight quarters, with growth averaging 127.6% over the last seven quarters.
- The best year-over-year quarter for EV to EBITDA over five years was Q4 2024 (growth of 682.0%); the worst was Q1 2025 (a decline of 44.8%).
- Per Business Quant data, TRTX's EV to EBITDA in the three quarters before Q2 2026 was 1.29 (Q1 2026), 1.49 (Q4 2025) and 1.35 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | TPG RE Finance Trust | 481.93 Mn | 89.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.42 |
| Mar 31, 2026 | 1.29 |
| Dec 31, 2025 | 1.49 |
| Sep 30, 2025 | 1.35 |
| Jun 30, 2025 | 1.08 |
| Mar 31, 2025 | 0.52 |
| Dec 31, 2024 | 1.11 |
| Sep 30, 2024 | 1.00 |
| Jun 30, 2024 | 1.02 |
| Mar 31, 2024 | 0.94 |
| Dec 31, 2023 | 0.14 |
| Sep 30, 2023 | -0.04 |
| Jun 30, 2023 | 0.41 |
API Access
TPG RE Finance Trust EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "TRTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();