(TRC) Tejon Ranch - Overview
Stock: Real Estate, Farming, Minerals, Ranch
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 26.2% |
| Relative Tail Risk | -7.54% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.01 |
| Alpha | -6.39 |
| Character TTM | |
|---|---|
| Beta | 0.299 |
| Beta Downside | 0.107 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.90% |
| CAGR/Max DD | -0.21 |
Description: TRC Tejon Ranch December 27, 2025
Tejon Ranch Co. (NYSE: TRC) is a vertically integrated landholder that monetizes its 270,000-acre portfolio through five operating segments: (1) Commercial/Industrial Real Estate Development, which plans, permits, builds and leases or sells infrastructure-heavy projects and also licenses land for auto-service stations, telecom towers and a power-plant lease; (2) Resort/Residential Real Estate Development, focused on entitlement, planning and stewardship of residential and resort-type parcels; (3) Mineral Resources, which collects royalties from oil & gas, aggregates, cement and manages water-related assets; (4) Farming, producing high-value crops such as wine grapes, almonds, pistachios, olives and hay while leasing portions for vegetable cultivation; and (5) Ranch Operations, which generates income from grazing leases, game-management, filming permits and guided hunts.
Key economic drivers for TRC include California’s chronic housing shortage (which supports premium residential land values), the state’s water scarcity constraints (making its water-rights assets increasingly strategic), and commodity price trends that affect its royalty streams (e.g., oil-price volatility and rising demand for construction aggregates). Recent KPIs (FY 2023) show approximately $1.4 billion in total assets, a debt-to-EBITDA ratio of 3.2×, and an average lease yield of 5.6 % on its commercial parcels-figures that suggest a balance between growth-oriented development and stable, income-producing assets.
For a deeper quantitative view, you may want to explore ValueRay’s data on TRC’s valuation metrics.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: 2.98m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 7.14 > 1.0 |
| NWC/Revenue: 49.16% < 20% (prev 89.93%; Δ -40.77% < -1%) |
| CFO/TA 0.01 > 3% & CFO 9.16m > Net Income 2.98m |
| Current Ratio: 2.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.9m) vs 12m ago 0.01% < -2% |
| Gross Margin: 13.32% > 18% (prev -0.05%; Δ 1337 % > 0.5%) |
| Asset Turnover: 7.56% > 50% (prev 6.71%; Δ 0.85% > 0%) |
| Interest Coverage Ratio: -0.69 > 6 (EBITDA TTM 152.0k / Interest Expense TTM -7.82m) |
Altman Z'' 1.67
| A: 0.04 (Total Current Assets 36.6m - Total Current Liabilities 13.7m) / Total Assets 629.6m |
| B: 0.17 (Retained Earnings 110.1m / Total Assets 629.6m) |
| C: -0.01 (EBIT TTM -5.40m / Avg Total Assets 613.8m) |
| D: 0.88 (Book Value of Equity 123.6m / Total Liabilities 141.0m) |
| Altman-Z'' Score: 1.67 = BB |
Beneish M -2.42
| DSRI: 1.58 (Receivables 5.08m/2.78m, Revenue 46.4m/40.1m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.04 (AQ_t 0.85 / AQ_t-1 0.81) |
| SGI: 1.16 (Revenue 46.4m / 40.1m) |
| TATA: -0.01 (NI 2.98m - CFO 9.16m) / TA 629.6m) |
| Beneish M-Score: -2.42 (Cap -4..+1) = BBB |
What is the price of TRC shares?
Over the past week, the price has changed by +3.23%, over one month by +4.47%, over three months by +5.53% and over the past year by +0.97%.
Is TRC a buy, sell or hold?
What are the forecasts/targets for the TRC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 26.3 | 58% |
| Analysts Target Price | 26.3 | 58% |
| ValueRay Target Price | 16.5 | -0.9% |
TRC Fundamental Data Overview February 03, 2026
P/E Forward = 169.4915
P/S = 9.3219
P/B = 0.9275
Revenue TTM = 46.4m USD
EBIT TTM = -5.40m USD
EBITDA TTM = 152.0k USD
Long Term Debt = 91.9m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 91.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 88.4m USD (from netDebt column, last quarter)
Enterprise Value = 521.1m USD (432.7m + Debt 91.9m - CCE 3.57m)
Interest Coverage Ratio = -0.69 (Ebit TTM -5.40m / Interest Expense TTM -7.82m)
EV/FCF = -45.98x (Enterprise Value 521.1m / FCF TTM -11.3m)
FCF Yield = -2.18% (FCF TTM -11.3m / Enterprise Value 521.1m)
FCF Margin = -24.42% (FCF TTM -11.3m / Revenue TTM 46.4m)
Net Margin = 6.41% (Net Income TTM 2.98m / Revenue TTM 46.4m)
Gross Margin = 13.32% ((Revenue TTM 46.4m - Cost of Revenue TTM 40.2m) / Revenue TTM)
Gross Margin QoQ = 7.05% (prev 10.17%)
Tobins Q-Ratio = 0.83 (Enterprise Value 521.1m / Total Assets 629.6m)
Interest Expense / Debt = 2.51% (Interest Expense 2.31m / Debt 91.9m)
Taxrate = 26.64% (976.0k / 3.66m)
NOPAT = -3.96m (EBIT -5.40m * (1 - 26.64%)) [loss with tax shield]
Current Ratio = 2.66 (Total Current Assets 36.6m / Total Current Liabilities 13.7m)
Debt / Equity = 0.19 (Debt 91.9m / totalStockholderEquity, last quarter 473.2m)
Debt / EBITDA = 581.4 (Net Debt 88.4m / EBITDA 152.0k)
Debt / FCF = -7.80 (negative FCF - burning cash) (Net Debt 88.4m / FCF TTM -11.3m)
Total Stockholder Equity = 472.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.49% (Net Income 2.98m / Total Assets 629.6m)
RoE = 0.63% (Net Income TTM 2.98m / Total Stockholder Equity 472.7m)
RoCE = -0.96% (EBIT -5.40m / Capital Employed (Equity 472.7m + L.T.Debt 91.9m))
RoIC = -0.72% (negative operating profit) (NOPAT -3.96m / Invested Capital 551.5m)
WACC = 6.11% (E(432.7m)/V(524.7m) * Re(7.02%) + D(91.9m)/V(524.7m) * Rd(2.51%) * (1-Tc(0.27)))
Discount Rate = 7.02% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.21%
Fair Price DCF = unknown (Cash Flow -11.3m)
EPS Correlation: -41.90 | EPS CAGR: -26.08% | SUE: -0.59 | # QB: 0
Revenue Correlation: -37.08 | Revenue CAGR: -2.10% | SUE: 0.70 | # QB: 0