Stock fact sheet · data as of
Tejon Ranch Co. (TRC): fair value, margin of safety and Wheel Score
Industrials · Conglomerates · United States · Blend
Is TRC undervalued?
Tejon Ranch Co. (TRC) closed at 16.21 on 16 Oct 2026, 363% above the GLS average fair value of 3.50. 5 of the 5 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between GLS Growth (0.6704) and Graham Number (9.66). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files TRC under Blend.
Nine valuation models for TRC
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 9.66 | -40% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 3.70 | -77% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.9161 | -94% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.6704 | -96% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 2.54 | -84% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -3.72 | -123% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Tejon Ranch Co. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 1.2/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.20 times equity and negative free cash flow.
Tejon Ranch Co. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Commercial and Industrial 74%, Mineral Resources 10%, Ranch Operations 7% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | 1.2 / 10 | ROE | 0.0% |
| Debt / equity | 0.20 | ROA | 0.0% |
| Free-cash-flow yield | -5.9% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 47: Weak
With a Wheel Score of 47 Tejon Ranch Co. sits in the Weak band. The parts - Value 0/25, Health 18/20, Moat 2/15, Premium 20/20, Stability 7/20 - show where: Value (0/25) scores lowest.
Implied volatility is 49% 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 - 289 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 127k shares a day on a market cap of $438M, with a beta of 0.55 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -363% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 2 / 15 | moat 1.2/10 | |
| Premium | 20 / 20 | implied volatility 49% | |
| Stability | 7 / 20 | 127k shares/day, $438M cap, beta 0.55 |
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 5 Nov 2026 (before the open), 20 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 Conglomerates
The 12 companies below are the closest to Tejon Ranch Co. by market cap within the Conglomerates 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 |
|---|---|---|---|---|---|
| FBYD Falcon's Beyond Global, Inc. Class A Common Stock | 8.52 | - | - | 30No options | $418M |
| NNBR NN, Inc. | 3.49 | 5.46 | +36% | 45Weak | $327M |
| MATW Matthews International Corporation | 19.28 | 15.62 | -23% | 43Weak | $602M |
| FIP FTAI Infrastructure Inc. | 2.56 | 1.77 | -45% | 25Weak | $302M |
| RCMT RCM Technologies, Inc. | 38.71 | 44.72 | +13% | 39No options | $275M |
| CODI Compass Diversified | 10.62 | 23.94 | +56% | 45Weak | $799M |
| TUSK Mammoth Energy Services, Inc. | 2.71 | 0.8281 | -227% | 34Weak | $130M |
| APTL Alaska Power & Telephone Company | 91.60 | 51.25 | -79% | 26No options | $118M |
| CFSU Complete Financial Solutions, Inc. | 0.1150 | - | - | 32No options | $109M |
| AIRTP Air T, Inc. | 18.89 | 673.71 | +97% | 39No options | $81M |
| AIRT Air T, Inc. | 29.84 | 897.40 | +97% | 39No options | $80M |
| BBXIB BBX Capital, Inc. | 5.00 | 14.71 | +66% | 37No options | $55M |
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 TRC
Is TRC undervalued right now?
No: at 16.21 the stock trades 363% above the GLS average fair value of 3.50 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of TRC and what does it mean?
TRC scores 47 out of 100 (Weak). 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 TRC?
3.50 per share as of 16 Oct 2026 - the simple average of the 5 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 Tejon Ranch Co. report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does TRC have listed options, and how liquid are they?
Yes. The nightly snapshot found 60 listed contracts with 289 open interest across all expiries and implied volatility of 49% 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.