Is TRC or TRNO more undervalued in 2026?

CirclFi compares Tejon Ranch Co (TRC) and Terreno Realty Corporation (TRNO) using 13 institutional-grade valuation models. TRC has a Quality of Company score of 5.5/10 while TRNO scores 3.7/10.

Which is a better buy — TRC or TRNO?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do TRC and TRNO valuations compare?

TRC at $19.33 and TRNO at $65.69 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TRC vs TRNO Valuation Comparison 2026 — Intrinsic Value Analysis

TRC

Real Estate

Tejon Ranch Co

Quality

5.5

out of 10

Value Trap

SAFE

Price

$19.33

Last close

Models

11/13

Active

TRNO

Real Estate

Terreno Realty Corporation

Quality

3.7

out of 10

Value Trap

SAFE

Price

$65.69

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	TRC Fair Value	TRC Upside	TRNO Fair Value	TRNO Upside
Bayesian DCF	Intrinsic	$5.15	-74.4%	$16.35	-75.1%
Earnings Power Value	Intrinsic	$0.85	-95.6%	$24.71	-62.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for TRC vs TRNO — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

TRC vs TRNO — Which Stock Is More Undervalued?

TRC scores higher with a 5.5/10 quality rating vs TRNO's 3.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Tejon Ranch Co (TRC) and Terreno Realty Corporation (TRNO) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

TRC currently trades at $19.33 with a QOC of 5.5/10, while TRNO trades at $65.69 with a QOC of 3.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).