TRNO Valuation

Terreno Realty Corp

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57.130

-1.4(-2.392%)1D

TRNO Relative Valuation

TRNO's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TRNO is overvalued; if below, it's undervalued.

Historical Valuation

Terreno Realty Corp (TRNO) is now in the Fair zone, suggesting that its current forward PE ratio of 38.99 is considered Fairly compared with the five-year average of 47.59. The fair price of Terreno Realty Corp (TRNO) is between 50.08 to 76.09 according to relative valuation methord.

Relative Value

Fair Zone

50.08-76.09

Current Price：57.13

Fair

38.99

Trailing

Forward

20.63

EV/EBITDA

Terreno Realty Corp. (TRNO) has a current EV/EBITDA of 20.63. The 5-year average EV/EBITDA is 27.69. The thresholds are as follows: Strongly Undervalued below 17.70, Undervalued between 17.70 and 22.70, Fairly Valued between 32.68 and 22.70, Overvalued between 32.68 and 37.68, and Strongly Overvalued above 37.68. The current Forward EV/EBITDA of 20.63 falls within the Undervalued range.

35.21

EV/EBIT

Terreno Realty Corp. (TRNO) has a current EV/EBIT of 35.21. The 5-year average EV/EBIT is 44.11. The thresholds are as follows: Strongly Undervalued below 28.48, Undervalued between 28.48 and 36.30, Fairly Valued between 51.93 and 36.30, Overvalued between 51.93 and 59.74, and Strongly Overvalued above 59.74. The current Forward EV/EBIT of 35.21 falls within the Undervalued range.

57.13

Terreno Realty Corp. (TRNO) has a current PS of 57.13. The 5-year average PS is 16.49. The thresholds are as follows: Strongly Undervalued below 9.38, Undervalued between 9.38 and 12.94, Fairly Valued between 20.05 and 12.94, Overvalued between 20.05 and 23.60, and Strongly Overvalued above 23.60. The current Forward PS of 57.13 falls within the Strongly Overvalued range.

0.00

P/OCF

Terreno Realty Corp. (TRNO) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Terreno Realty Corp. (TRNO) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Terreno Realty Corp (TRNO) has a current Price-to-Book (P/B) ratio of 1.49. Compared to its 3-year average P/B ratio of 1.79 , the current P/B ratio is approximately -16.72% higher. Relative to its 5-year average P/B ratio of 2.10, the current P/B ratio is about -29.12% higher. Terreno Realty Corp (TRNO) has a Forward Free Cash Flow (FCF) yield of approximately 4.12%. Compared to its 3-year average FCF yield of 3.27%, the current FCF yield is approximately 26.01% lower. Relative to its 5-year average FCF yield of 3.00% , the current FCF yield is about 37.51% lower.

1.49

P/B

Median3y

1.79

Median5y

2.10

4.12

FCF Yield

Median3y

3.27

Median5y

3.00

Competitors Valuation Multiple

The average P/S ratio for TRNO's competitors is 32.09, providing a benchmark for relative valuation. Terreno Realty Corp Corp (TRNO) exhibits a P/S ratio of 57.13, which is 78.03% above the industry average. Given its robust revenue growth of 19.08%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

COPT Defense Properties

Performance Decomposition

Market capitalization of TRNO decreased by 5.03% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 37.87 to 83.11.

The secondary factor is the Revenue Growth, contributed 19.08%to the performance.

Overall, the performance of TRNO in the past 1 year is driven by Margin Expansion. Which is more sustainable.

19.08%

94.25M → 112.23M

Revenue Growth

119.46%

37.87 → 83.11

Margin Expansion

-143.57%

-51.97 → 22.64

P/E Change

-5.03%