TRC

Tejon Ranch Co.

Fundamental data last updated:October 8, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Industrials

industry

Conglomerates

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Tejon Ranch Co., together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development. It is also involved in the activities related to communications leases, and landscape maintenance. This segment leases land to two auto service stations with convenience stores, 13 fast-food operations, a motel, an antique shop, and a post office; various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; and 32 acres of land for an electric power plant. The Resort/Residential Real Estate Development segment engages in land entitlement, planning, pre-construction engineering, stewardship, and conservation activities. The Mineral Resources segment includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc.; and the management of water assets and infrastructure projects. The Farming segment farms permanent crops, such as wine grapes in 1,036 acres, almonds in 2,262 acres, and pistachios in 1,053 acres. It also manages the farming of alfalfa and forage mix on 626 acres in the Antelope Valley; and leases 720 acres of land for growing vegetables, as well as almonds. The Ranch Operations segment provides game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts. Tejon Ranch Co. was founded in 1843 and is based in Lebec, California.

 


VALUATION

P/E

312.63

Market Cap ($M USD)

$528.47M

Forward P/E

177.91

PEG

2.35

PRICE TO SALES

10.39

PRICE TO BOOK

1.11

EV / EBITDA

79.04

5-Year Average P/E

Free Cash Flow Yield

-1.03%

DCF Value

$-62.24

Graham Number

$4.98

Price to FCF

-97.27

EV to FCF

-113.98

Earnings Yield

0.32%

FCF Yield

-1.03%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.06

Next Year EPS Growth Estimate

$0.11

Next Year Revenue Growth Estimate

$49.38M

Return on Equity (ROE)

0.36%

FREE CASH FLOW

Operating Margin

-9.66%

Debt-to-Equity

0.20

Piotroski F-Score

7

Altman Z-Score

2.54

Return on Invested Capital (ROIC)

-0.79%

Current Ratio

2.76

Quick Ratio

2.25

Net Debt to EBITDA

11.59

Interest Coverage

0.00

Gross Profit margin

13.36%

FCF PER SHARE

$-0.20

REVENUE PER SHARE

$1.89

Gainseekers Quantitative Analysis

Summary

TRC Tejon Ranch Co. presents a perplexing valuation scenario. With a staggering Price/Earnings ratio of 1369.33, the market seems to be pricing in astronomical growth, yet the DCF value suggests a significant overvaluation. The Forward P/E of 336 still indicates high expectations, but the Earnings Yield of 0.07% is alarmingly low, hinting at poor returns for investors. The Altman Z-score of 2.62 suggests moderate financial stability, yet the company’s overall financial health appears fragile given its negative operating margin and ROIC.

AI Exposure / Tech Reliance

Operating within the conglomerates sector, TRC Tejon Ranch Co. may not be at the forefront of AI or tech innovation. However, its diversified operations could provide some resilience against rapid technological shifts. The company's ability to adapt will depend on its strategic investments and partnerships in tech-driven areas.

The Bull Case

For the value-seeking investor, TRC Tejon Ranch Co. offers a few glimmers of hope. The Piotroski F-Score of 7 indicates solid financial health, suggesting effective management practices. Despite a negative FCF Yield, the company's low Debt/Equity ratio of 0.20 provides a cushion against financial distress. Its current and quick ratios also reflect strong liquidity, which could support future growth initiatives.

The Bear Case

However, the bear case is hard to ignore. The company's EV to EBITDA ratio of 81.07 and Price/Sales ratio of 10.70 highlight a potentially overextended valuation. With a negative operating margin of -9.66% and a net debt to EBITDA of 11.59, the financial structure appears precarious. The stock's proximity to its 52-week high further suggests technical overextension, making it a risky bet for cautious investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

0.61

Insider Buying % (6 Mo)

Distance to 52-Week High

8.89%

Distance to 52-Week Low

21.77%

EARNINGS SURPRISE %

150.00%

50-DAY SMA

$19.39

200-DAY SMA

$17.22

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.