Stock fact sheet · data as of
TPG Mortgage Investment Trust Inc (MITT): fair value, margin of safety and Wheel Score
Real Estate · REIT - Mortgage · United States · High Yield Income
Is MITT undervalued?
MITT has a margin of safety of 97%: the stock closed at 5.54 on 16 Oct 2026 against a GLS average fair value of 203.75. 9 of the 9 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: DDM gives 13.98 while DCF gives 1,575.24. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files MITT under High Yield Income: a dividend yield above 4%.
Nine valuation models for MITT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1,575.24 | +28334% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 23.12 | +317% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 40.23 | +626% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 14.69 | +165% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 29.41 | +431% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 50.51 | +812% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 71.22 | +1186% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 13.98 | +152% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 15.36 | +177% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -253.89 | -4683% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 8.50 | +53% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - MITT passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.5 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 0.6%, ROE 8.7%, ROA 0.6% - with debt at 14.45 times equity and a free-cash-flow yield of 44.9%. Debt of 14.45 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 17.15% (payout ratio 111%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Single Family Rental Properties 100% (quarter Q1 FY2019).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 0.6% |
|---|---|---|---|
| GLS Moat | 3.5 / 10 | ROE | 8.7% |
| Debt / equity | 14.45 | ROA | 0.6% |
| Free-cash-flow yield | 44.9% | Payout ratio | 111% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 72: Good
MITT scores 72 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (13/20), the GLS moat (5/15), the option premium on offer (20/20) and how easily the stock trades (8/20). Moat (5/15) is the part holding the score back.
Implied volatility is 54% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,283 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 464k shares a day on a market cap of $176M, with a beta of 1.79 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 97% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 5 / 15 | moat 3.5/10 | |
| Premium | 20 / 20 | implied volatility 54% | |
| Stability | 8 / 20 | 464k shares/day, $176M cap, beta 1.79 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (before the open), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Mortgage
The 12 companies below are the closest to TPG Mortgage Investment Trust Inc by market cap within the REIT - Mortgage industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MITP TPG Mortgage Investment Trust Inc 9.500% Senior Notes due 2029 | 25.05 | 247.43 | +90% | 39No options | $176M |
| RC Ready Capital Corporation | 1.07 | 44.42 | +98% | 45Weak | $177M |
| RCD Ready Capital Corporation Notes -15.12.29 | 21.29 | 9.60 | -122% | 17No options | $177M |
| AOMR Angel Oak Mortgage, Inc. | 7.22 | 17.88 | +60% | 39No options | $180M |
| CMTG Claros Mortgage Trust, Inc. | 1.18 | - | - | 39Weak | $166M |
| ACRE Ares Commercial Real Estate Corporation | 3.58 | 6.97 | +49% | 45Weak | $199M |
| REFI Chicago Atlantic Real Estate Finance, Inc. | 9.14 | 20.63 | +56% | 73Good | $234M |
| SEVN Seven Hills Realty Trust | 6.78 | 20.74 | +67% | 68Good | $129M |
| NREF NexPoint Real Estate Finance, Inc. | 15.33 | 67.95 | +77% | 64Fair | $289M |
| RWTS Redwood Trust, Inc. 9.75% Senior Notes Due 2031 | 19.22 | 3.97 | -384% | 6No options | $96M |
| CHMI Cherry Hill Mortgage Investment Corporation | 2.56 | 6.86 | +63% | 71Good | $95M |
| KREF KKR Real Estate Finance Trust Inc. | 5.97 | 46.66 | +87% | 45Weak | $352M |
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about MITT
Is MITT undervalued right now?
By the GLS models, yes: at 5.54 the stock is 97% below the average fair value of 203.75 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of MITT and what does it mean?
MITT scores 72 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for MITT?
203.75 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does TPG Mortgage Investment Trust Inc report earnings next?
The next earnings report is due on 3 Nov 2026 (before the open), 18 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does MITT have listed options, and how liquid are they?
Yes. The nightly snapshot found 136 listed contracts with 1,283 open interest across all expiries and implied volatility of 54% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.