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Tejon Ranch Co (TRC) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Tejon Ranch Co stock $0.10, price $17.04, that is 99.4% below the price, quality 51 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials US

TR Tejon Ranch Co logo Thin data Nov 7, 2026

Tejon Ranch Co

TRC · US
Solid, but very expensive

Our calculation puts a fair price 99% below what the stock costs today.

Solidly profitable · 10.6% net margin (TTM)
Low debt
Revenue last quarter +72% vs. a year ago.
Quality 51/100
Mixed Growth (revenue 5y +5.6 %/yr in USD)
Fair value $0.1000 · Strongly overvalued (−99.4%)
Negative free cash flow
Trails peers (4/12)
Narrow moat 25/100
Thin data
Extreme value
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$21.31 $14.40 Fair Value $0.1000 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range $14.40 – $21.31 · fair‑value band $0.0700 – $0.1200 · the $17.04 price screens above the $0.1000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.

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Company profile

Tejon Ranch Co., together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through six segments: Real Estate - Commercial/Industrial; Multifamily; Real Estate - Resort/Residential; Mineral Resources; Farming; And Ranch Operations.

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The Real Estate - Commercial/Industrial segment engages in the planning and permitting of land for development; construction of infrastructure and building, pre-leased buildings, and buildings to be leased or sold; sale of land to third parties for their own development; and activities related to communications leases, a power plant lease, and landscape maintenance.

This segment also leases land to various auto service stations with convenience stores, 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 package of land for an electric power plant.

The Multifamily segment engages in development, leasing, and long-term ownership of residential rental communities. The Real Estate - Resort/Residential 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, produces, and sells wine grapes, almonds, pistachios, hay, and olives. The Ranch Operations segment includes grazing lease and game management, and land maintenance activities, as well as ancillary land uses comprising filming; and guided game hunts.

Tejon Ranch Co. was founded in 1843 and is based in Lebec, California.

Stock analysis

Tejon Ranch Co (TRC) currently trades at $17.04, while our model-based Fair Value estimate is $0.1000, 99% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 6 models at a data quality of 93/100, which puts the data coverage at low.

Scenario range: $0.0700 (bear) to $0.1200 (bull), the price of $17.04 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 51/100 (solid quality), in the Industrials sector.

Mixed Growth: Spin-off in 1988: revenue and profit before it include the divested business. Growth is measured afresh from 1988.

Tejon Ranch Co reported revenue of $49.6M in FY2025 versus $55.6M in FY2021, a compound −2.8%/yr. Reported net income was $75.0K in FY2025, compounding −65.6%/yr from FY2021.

Key figures

Market cap $449M Small · P/E ratio 77.5 · P/S ratio 7.90 · EPS (TTM) $0.2200 · Net margin 10.6% · Return on equity 1.2% · Return on assets (EBIT) −0.2% (5-year average) · Operating margin 2.4%.

What moves the price

The share trades about 17% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −99%, TRC screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely ($0.0200 to $17.27). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $0.0700 Fair Value $0.1000 Bull $0.1200
Price $17.04 · Downside -99.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.1881 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income $9.44 $10.12 $11.31 71
Graham-Dodd $0.0200 $0.0600 $0.0800 65
P/E Multiple $0.0700 $0.1000 $0.1200 63
All 6 models by family
Earnings-Based
Graham-Dodd $0.0200 $0.0600 $0.0800 65
Lynch FV $0.0100 $0.0200 $0.0200 61
Multiples
P/E Multiple $0.0700 $0.1000 $0.1200 63
P/B Multiple $12.95 $17.27 $21.59 55
Asset-Based
NCAV (Graham) $7.63 $10.23 $15.27 54
Economic Profit
Residual Income $9.44 $10.12 $11.31 71

Open the full fair value analysis →

Quality Score breakdown

Overall quality 51/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 10
How much profit the company makes from its sales and capital
Quality Growth 56
Are margins and returns getting better?
Cashflow 37
Do the profits arrive as real cash?
Financial strength 65
Debt, balance sheet and risk of trouble
Investment 59
Does it invest with discipline instead of growing at any price?
Low Volatility 91
How calm the share price moves, does not count
Price momentum 36
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 35
Distance to the 52-week high, does not count
New shares 94
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

Plus 22 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 55/100
Spin-off in 1988: revenue and profit before it include the divested business. Growth is measured afresh from 1988.
Revenue growth 1 year
+18.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
Start year 2020 (pandemic). Over 10 years: −0.3% a year
Revenue growth 37 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.5%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−60.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−60.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−60.9% vs −32.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−18% → −16%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 3.6%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

TRC screens overvalued: fair value 99% below the price. Compare with 3M Company →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 305 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −99.4% · Bottom 25%
Profitability
Return on equity (12 months) 1.2% · Bottom 25%
Return on assets 0.0% · Bottom 25%
Net margin (12 months) 10.6% · Above median
Operating margin (12 months) 2.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 71.7% · Top 25%
Balance sheet
Debt / equity 0.20× · Below median

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/E (12 months) 77.5× · Priciest 25%
P/B 0.94× · Cheaper than median
P/S (12 months) 7.90× · Priciest 25%
EV/EBITDA 87.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 51
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)5 · sector 29
HEALTH (low debt)90 · sector 89
DIVIDEND (yield)0 · sector 46

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate.

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Honeywell International Inc HON $220.05 $245.42 +12% vs TRC
Kingdom Holding 4280 12.16 SAR 13.40 SAR +10% vs TRC
Jardine Matheson Holdings J36 $60.84 $66.74 +10% vs TRC
SGH Limited SGH A$42.46 A$34.87 −18% vs TRC
Keppel Ltd BN4 9.45 SGD 3.87 SGD −59% vs TRC
3M Company MMM $185.15 $73.02 −61% vs TRC
Swire Pacific Limited 0019 HK$112.20 HK$27.75 −75% vs TRC
Doosan Corporation 000150 638,000 KRW 95,752 KRW −85% vs TRC

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Tejon Ranch Co: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Tejon Ranch Co Fair Value". https://www.fairvalue-calculator.com/stock/TRC

Frequently asked questions

Is Tejon Ranch Co (TRC) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $0.1000 versus a price of $17.04, about 99% lower (overvalued).
What is the fair value of TRC?
Our model-based fair value for Tejon Ranch Co is $0.1000 (as of Nov 7, 2026), built from audited fundamentals. The current price: $17.04.
What is the quality score of TRC?
Tejon Ranch Co has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tejon Ranch Co (TRC)?
Our model-based price target is the fair value of $0.1000 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario $0.0700, optimistic scenario $0.1200. It is a calculation from audited fundamentals, not an analyst target.
What is the Tejon Ranch Co stock forecast for 2026?
Our models put fair value at $0.1000, about 99% lower versus a price of $17.04 (overvalued). Cautious scenario $0.0700, optimistic scenario $0.1200. The calculation is refreshed regularly with new filings.
What is the revenue of Tejon Ranch Co (TRC)?
Tejon Ranch Co reported trailing-twelve-month revenue of about $56.8M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Tejon Ranch Co (TRC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tejon Ranch Co it is $0.1000 per share (as of Nov 7, 2026), against a price of $17.04. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Tejon Ranch Co stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TRC trades above its calculated fair value: price $17.04, fair value $0.1000, a gap of about −99% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TRC?
No. The price is what the market pays today ($17.04); the fair value is what the company's own numbers justify ($0.1000). For Tejon Ranch Co the two are $16.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tejon Ranch Co worth?
The market values Tejon Ranch Co at about $449M (market capitalisation, as of Nov 7, 2026). Per share that is $17.04; our models calculate a fair value of $0.1000 per share.
What do the bullish and bearish scenarios say about TRC?
Our models span a range for Tejon Ranch Co: cautious scenario $0.0700, base $0.1000, optimistic $0.1200 per share (as of Nov 7, 2026, price $17.04). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRC?
Tejon Ranch Co trades at a price-to-earnings ratio of 77.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.1000 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2018 to 2025), reported earnings: 101.2. Other multiples: P/B 0.9, P/S 7.9, EV/EBITDA 87.6.
How solid is the balance sheet of Tejon Ranch Co (TRC)?
Balance-sheet figures for Tejon Ranch Co (as of Nov 7, 2026): return on equity 1.2%, debt of 0.20 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is TRC from its 52-week high?
Tejon Ranch Co trades at $17.04, about 17% below its 52-week high of $20.48 and 9% above the low of $15.66 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.1000 is for.
Which stocks are comparable to Tejon Ranch Co?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tejon Ranch Co stock attractive at the current price?
The data as of Nov 7, 2026: price $17.04, calculated fair value $0.1000 (−99%), Quality Score 51/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TRC calculated?
We run Tejon Ranch Co through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $0.1000 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Tejon Ranch Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tejon Ranch Co (TRC)?
The closing price on Nov 6, 2026 was $17.04. Our model-based fair value is $0.1000, about 99% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tejon Ranch Co right now?
The price sits above even our optimistic bull case ($0.1200). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Tejon Ranch Co

How large is the market capitalisation of Tejon Ranch Co (TRC)?
The market capitalisation of Tejon Ranch Co is $449M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tejon Ranch Co (TRC)?
The price-to-sales ratio of Tejon Ranch Co is 7.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tejon Ranch Co (TRC)?
Earnings per share at Tejon Ranch Co are $0.2200 (price ÷ EPS = P/E 77.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tejon Ranch Co (TRC)?
The net margin of Tejon Ranch Co is 10.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tejon Ranch Co (TRC)?
The return on equity (ROE) of Tejon Ranch Co is 1.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tejon Ranch Co (TRC)?
On an EBIT basis the return on assets of Tejon Ranch Co is −0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tejon Ranch Co (TRC)?
The operating margin of Tejon Ranch Co is 2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tejon Ranch Co (TRC)?
Revenue at Tejon Ranch Co is growing +71.7% versus a year earlier (3y avg −14.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tejon Ranch Co (TRC)?
Earnings per share at Tejon Ranch Co are growing −64.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tejon Ranch Co (TRC) generate?
The free cash flow of Tejon Ranch Co is −$65.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tejon Ranch Co (TRC) carry?
The net debt of Tejon Ranch Co is $84.4M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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