Tejon Ranch Co (TRC) - Net Assets
Based on the latest financial reports, Tejon Ranch Co (TRC) has net assets worth $489.86 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($634.16 Million) and total liabilities ($144.29 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TRC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $489.86 Million |
| % of Total Assets | 77.25% |
| Annual Growth Rate | 8.93% |
| 5-Year Change | 7.46% |
| 10-Year Change | 46.67% |
| Growth Volatility | 17.95 |
Tejon Ranch Co - Net Assets Trend (1985–2025)
This chart illustrates how Tejon Ranch Co's net assets have evolved over time, based on quarterly financial data. See TRC defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tejon Ranch Co (1985–2025)
The table below shows the annual net assets of Tejon Ranch Co from 1985 to 2025. For live valuation and market cap data, see TRC market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $490.56 Million | +0.33% |
| 2024-12-31 | $488.96 Million | +1.21% |
| 2023-12-31 | $483.10 Million | +1.15% |
| 2022-12-31 | $477.59 Million | +4.62% |
| 2021-12-31 | $456.51 Million | +2.51% |
| 2020-12-31 | $445.33 Million | -0.07% |
| 2019-12-31 | $445.62 Million | +2.52% |
| 2018-12-31 | $434.67 Million | +1.84% |
| 2017-12-31 | $426.81 Million | +27.61% |
| 2016-12-31 | $334.47 Million | +0.95% |
| 2015-12-31 | $331.31 Million | +2.15% |
| 2014-12-31 | $324.33 Million | +1.29% |
| 2013-12-31 | $320.19 Million | +3.87% |
| 2012-12-31 | $308.26 Million | +2.60% |
| 2011-12-31 | $300.44 Million | +8.60% |
| 2010-12-31 | $276.65 Million | +29.05% |
| 2009-12-31 | $214.38 Million | +23.70% |
| 2008-12-31 | $173.31 Million | +5.00% |
| 2007-12-31 | $165.05 Million | +10.75% |
| 2006-12-31 | $149.03 Million | +7.35% |
| 2005-12-31 | $138.83 Million | +5.10% |
| 2004-12-31 | $132.09 Million | +75.72% |
| 2003-12-31 | $75.17 Million | +1.32% |
| 2002-12-31 | $74.19 Million | +1.91% |
| 2001-12-31 | $72.80 Million | +69.41% |
| 2000-12-31 | $42.97 Million | -0.52% |
| 1999-12-31 | $43.20 Million | +1.17% |
| 1998-12-31 | $42.70 Million | +5.43% |
| 1997-12-31 | $40.50 Million | +7.43% |
| 1996-12-31 | $37.70 Million | +1.89% |
| 1995-12-31 | $37.00 Million | +0.54% |
| 1994-12-31 | $36.80 Million | +1.66% |
| 1993-12-31 | $36.20 Million | +6.78% |
| 1992-12-31 | $33.90 Million | +2.73% |
| 1991-12-31 | $33.00 Million | +2.48% |
| 1990-12-31 | $32.20 Million | +4.21% |
| 1989-12-31 | $30.90 Million | +6.92% |
| 1988-12-31 | $28.90 Million | +59.67% |
| 1987-12-31 | $18.10 Million | +9.04% |
| 1986-12-31 | $16.60 Million | +3.75% |
| 1985-12-31 | $16.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tejon Ranch Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1100.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $111.67 Million | 23.50% |
| Common Stock | $13.46 Million | 2.83% |
| Other Comprehensive Income | $-177.00K | -0.04% |
| Other Components | $350.24 Million | 73.70% |
| Total Equity | $475.20 Million | 100.00% |
Tejon Ranch Co Competitors by Market Cap
The table below lists competitors of Tejon Ranch Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Faith Auto-Engineering Co. Ltd.
SHE:301112
|
$498.91 Million |
|
Shelf Drilling Ltd
OL:SHLF
|
$498.91 Million |
|
Global Dominion Access S.A
MC:DOM
|
$498.92 Million |
|
Annil Co Ltd
SHE:002875
|
$499.05 Million |
|
Zhuhai Comleader Information Science & Technology Co. Ltd. A
SHG:688175
|
$498.81 Million |
|
Rusoro Mining Ltd
V:RML
|
$498.72 Million |
|
Nam Long Investment Corp
VN:NLG
|
$498.55 Million |
|
SunOpta Inc.
NASDAQ:STKL
|
$498.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tejon Ranch Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 473,594,000 to 475,198,000, a change of 1,604,000 (0.3%).
- Net income of 75,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 264,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $75.00K | +0.02% |
| Other Comprehensive Income | $-264.00K | -0.06% |
| Other Changes | $1.79 Million | +0.38% |
| Total Change | $- | 0.34% |
Book Value vs Market Value Analysis
This analysis compares Tejon Ranch Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 15.75x to 1.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.17 | $18.48 | x |
| 1986-12-31 | $1.31 | $18.48 | x |
| 1987-12-31 | $1.34 | $18.48 | x |
| 1988-12-31 | $2.17 | $18.48 | x |
| 1989-12-31 | $2.35 | $18.48 | x |
| 1990-12-31 | $2.29 | $18.48 | x |
| 1991-12-31 | $2.51 | $18.48 | x |
| 1992-12-31 | $2.57 | $18.48 | x |
| 1993-12-31 | $2.63 | $18.48 | x |
| 1994-12-31 | $2.33 | $18.48 | x |
| 1995-12-31 | $2.63 | $18.48 | x |
| 1996-12-31 | $2.74 | $18.48 | x |
| 1997-12-31 | $3.07 | $18.48 | x |
| 1998-12-31 | $3.27 | $18.48 | x |
| 1999-12-31 | $3.07 | $18.48 | x |
| 2000-12-31 | $2.96 | $18.48 | x |
| 2001-12-31 | $4.66 | $18.48 | x |
| 2002-12-31 | $5.79 | $18.48 | x |
| 2003-12-31 | $4.84 | $18.48 | x |
| 2004-12-31 | $9.67 | $18.48 | x |
| 2005-12-31 | $7.67 | $18.48 | x |
| 2006-12-31 | $8.29 | $18.48 | x |
| 2007-12-31 | $8.97 | $18.48 | x |
| 2008-12-31 | $9.36 | $18.48 | x |
| 2009-12-31 | $9.63 | $18.48 | x |
| 2010-12-31 | $12.37 | $18.48 | x |
| 2011-12-31 | $12.67 | $18.48 | x |
| 2012-12-31 | $12.96 | $18.48 | x |
| 2013-12-31 | $13.36 | $18.48 | x |
| 2014-12-31 | $13.39 | $18.48 | x |
| 2015-12-31 | $14.06 | $18.48 | x |
| 2016-12-31 | $14.72 | $18.48 | x |
| 2017-12-31 | $18.34 | $18.48 | x |
| 2018-12-31 | $16.14 | $18.48 | x |
| 2019-12-31 | $16.45 | $18.48 | x |
| 2020-12-31 | $16.41 | $18.48 | x |
| 2021-12-31 | $16.70 | $18.48 | x |
| 2022-12-31 | $17.34 | $18.48 | x |
| 2023-12-31 | $17.51 | $18.48 | x |
| 2024-12-31 | $17.66 | $18.48 | x |
| 2025-12-31 | $17.63 | $18.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tejon Ranch Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.15%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.33x
- Recent ROE (0.02%) is below the historical average (3.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.75% | 9.82% | 0.65x | 2.14x | $600.00K |
| 1986 | 7.23% | 4.60% | 0.81x | 1.93x | $-460.00K |
| 1987 | 9.94% | 6.84% | 0.77x | 1.88x | $-10.00K |
| 1988 | 39.79% | 81.56% | 0.34x | 1.44x | $8.61 Million |
| 1989 | 8.09% | 16.56% | 0.35x | 1.40x | $-590.00K |
| 1990 | 6.21% | 15.50% | 0.29x | 1.40x | $-1.22 Million |
| 1991 | 4.55% | 11.63% | 0.28x | 1.37x | $-1.80 Million |
| 1992 | 4.42% | 10.49% | 0.31x | 1.35x | $-1.89 Million |
| 1993 | 8.29% | 16.76% | 0.38x | 1.30x | $-620.00K |
| 1994 | 4.08% | 9.68% | 0.35x | 1.22x | $-2.18 Million |
| 1995 | 1.08% | 2.21% | 0.40x | 1.22x | $-3.30 Million |
| 1996 | 4.51% | 9.66% | 0.37x | 1.26x | $-2.07 Million |
| 1997 | 7.41% | 7.54% | 0.62x | 1.57x | $-1.05 Million |
| 1998 | 7.26% | 5.97% | 0.71x | 1.71x | $-1.17 Million |
| 1999 | 2.78% | 2.17% | 0.60x | 2.12x | $-3.12 Million |
| 2000 | -1.28% | -0.80% | 0.69x | 2.31x | $-4.79 Million |
| 2001 | 0.41% | 1.52% | 0.19x | 1.37x | $-6.92 Million |
| 2002 | 0.33% | 1.12% | 0.22x | 1.37x | $-7.12 Million |
| 2003 | -3.92% | -15.64% | 0.19x | 1.35x | $-10.39 Million |
| 2004 | 0.29% | 1.86% | 0.15x | 1.05x | $-12.82 Million |
| 2005 | 1.11% | 5.86% | 0.18x | 1.06x | $-12.34 Million |
| 2006 | -1.83% | -9.60% | 0.18x | 1.07x | $-17.63 Million |
| 2007 | 4.44% | 22.67% | 0.18x | 1.06x | $-9.17 Million |
| 2008 | 2.37% | 10.25% | 0.21x | 1.08x | $-13.22 Million |
| 2009 | -1.94% | -11.95% | 0.12x | 1.35x | $-20.80 Million |
| 2010 | 1.58% | 10.54% | 0.12x | 1.22x | $-19.93 Million |
| 2011 | 6.10% | 25.19% | 0.20x | 1.24x | $-10.17 Million |
| 2012 | 1.65% | 9.43% | 0.14x | 1.22x | $-22.42 Million |
| 2013 | 1.48% | 9.19% | 0.13x | 1.22x | $-23.89 Million |
| 2014 | 1.99% | 11.03% | 0.12x | 1.52x | $-22.81 Million |
| 2015 | 1.01% | 5.77% | 0.12x | 1.48x | $-26.21 Million |
| 2016 | 0.18% | 1.22% | 0.10x | 1.44x | $-30.03 Million |
| 2017 | -0.39% | -4.36% | 0.07x | 1.30x | $-41.38 Million |
| 2018 | 1.01% | 9.33% | 0.09x | 1.26x | $-37.67 Million |
| 2019 | 2.46% | 21.36% | 0.09x | 1.25x | $-32.44 Million |
| 2020 | -0.17% | -1.96% | 0.07x | 1.25x | $-43.74 Million |
| 2021 | 1.21% | 9.62% | 0.10x | 1.24x | $-38.77 Million |
| 2022 | 3.42% | 19.96% | 0.14x | 1.23x | $-30.41 Million |
| 2023 | 0.70% | 7.30% | 0.08x | 1.23x | $-43.51 Million |
| 2024 | 0.57% | 6.42% | 0.07x | 1.28x | $-44.67 Million |
| 2025 | 0.02% | 0.15% | 0.08x | 1.33x | $-47.44 Million |
Industry Comparison
This section compares Tejon Ranch Co's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $836,025,140
- Average return on equity (ROE) among peers: 4.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tejon Ranch Co (TRC) | $489.86 Million | 13.75% | 0.29x | $498.82 Million |
| AIAI Holdings Corporation Class A Common Stock (AIAI) | $1.36 Billion | -11.72% | 0.30x | $824.08 Million |
| Air T Inc (AIRT) | $27.36 Million | 5.36% | 0.36x | $59.53 Million |
| Alpine 4 Holdings Inc (ALPP) | $-1.21 Million | 0.00% | 0.00x | $13.53K |
| Brookfield Business Corp (BBUC) | $4.07 Billion | 22.38% | 5.72x | $6.58 Billion |
| Boston Omaha Corp (BOC) | $562.72 Million | -0.23% | 0.29x | $352.09 Million |
| Dmc Global Inc (BOOM) | $20.07 Million | 18.04% | 1.18x | $139.39 Million |
| Compass Diversified Holdings (CODI) | $1.22 Billion | 1.87% | 1.13x | $760.64 Million |
| Deluxe Corporation (DLX) | $354.10 Million | 29.43% | 0.47x | $1.05 Billion |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) | $5.02 Million | -2.45% | 0.60x | $454.80 Million |
| FTAI Infrastructure Inc. (FIP) | $738.09 Million | -16.44% | 2.22x | $491.56 Million |
About Tejon Ranch Co
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. The Real Estate - Commercial/Industrial segment engages in the planning and permitting of land for develop… Read more