TPG Mortgage Investment Trust, Inc. (MITN)

Real Estate Investment Trusts

Latest Price

$25.40

TTM P/E

33.42

Normalized P/E

28.93

Div Yield

3.62%

Book Value

10.24

P/B Ratio

2.48

Valuation metrics

EPS: $0.90

Book value / share: $17.66

Formula: √(22.5 × EPS × BVPS)

Graham Number

$18.91

26% downside

Norm. op. income: $76M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$24.59

3% downside

EPS: $0.90

Target P/E: 29×

Formula: EPS × P/E

P/E Fair Value

$26.10

+3% upside