TPG Inc (TPG) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of TPG Inc stock $12.60, price $50.16, that is 74.9% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
58‑month range $20.15 – $67.86 · fair‑value band $6.71 – $20.28 · the $50.16 price screens above the $12.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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TPG Inc. operates as an alternative asset manager in the United States and internationally.
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The company provides investment management services to TPG Funds, limited partners, separately managed accounts and clients, and other vehicles; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advice services.
In addition, it invests in private equity funds, real estate funds, hedge funds, and credit funds. TPG Inc. was founded in 1992 and is based in Fort Worth, Texas.
Stock analysis
TPG Inc (TPG) currently trades at $50.16, while our model-based Fair Value estimate is $12.60, 75% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $16.73 per share, and 0 of the 11 models we run sit above the $50.16 price.
Bear case: the Economic Profit group reads lowest at $3.80, and 11 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $6.71 (bear) to $20.28 (bull), the price of $50.16 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
TPG Inc reported revenue of $4.7B in FY2025 versus $5.6B in FY2021, a compound −4.4%/yr. Reported net income was $185M in FY2025, compounding −46.1%/yr from FY2021.
Key figures
Market cap $18.5B Large · P/E ratio 69.8 · P/S ratio 2.76 · EPS (TTM) $0.6900 · Dividend yield 0.7% · Net margin 4.0% · Return on equity 19.2% · Return on assets (EBIT) 11.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −75%, TPG screens richer than that median.
Fair Value models
Bear$6.71Fair Value $12.60Bull$20.28
Price $50.16 · Downside -74.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.3048 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income$3.13$3.80$5.0375
Growth DCF$12.93$23.03$39.0273
Owner Earnings$5.38$11.11$22.1670
All 11 models by family
DCF Models
Owner Earnings$5.38$11.11$22.1670
5Y P/E Exit$7.89$14.82$23.8667
10Y P/E Exit$9.85$17.84$30.0560
Earnings-Based
Graham-Dodd$3.40$23.70$33.2660
Lynch FV$11.71$16.73$21.7558
Dividend Discount
Gordon GGM$8.42$15.83$22.6565
DDM Multi-Stage$8.42$14.13$16.8365
Multiples
P/E Multiple$4.87$6.50$8.1261
Growth DCF
Growth DCF$12.93$23.03$39.0273
Rev-Margin DCF$9.15$15.01$27.3668
Economic Profit
Residual Income$3.13$3.80$5.0375
The fair value above starts from this blend and is adjusted for dilution from new shares.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+77.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+45.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.5%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.7%
’18
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’20
’21
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’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−25.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.6%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.64% → 15%
⚠ Revenue per share shrinking 25.4%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−0.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +6.6% a year for the price and −2.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Limited evidence of a durable competitive moat stands as the main weakness for this asset manager, while sparse public data blocks any firmer view of overall business quality.
Main risk: Further senior exits after the president's departure could undermine management stability and succession planning in its private-markets asset management operations.
TPG's president and designated successor left the firm this month for a co-CEO role at European rival CVC. The departure followed clarity that the current CEO intends to remain in place to pursue a large bonus linked to stock performance through 2030. Does the firm have the depth to promote from within without further senior exits or will external hires become the norm?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 592 stocks
Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−74.9% · Bottom 25%
Profitability
Return on equity (12 months)19.2% · Top 25%
Return on assets4.5% · Above median
Net margin (12 months)18.8% · Below median
Operating margin (12 months)15.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.6% · Below median
Dividend yield (12 months)0.7% · Bottom 25%
Balance sheet
Debt / equity0.38× · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)69.8× · Priciest 25%
P/B15.63× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)12.99× · Priciest 25%
Price / free cash flow60.0× · Priciest 25%
EV/EBITDA69.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 57
FUTURE (revenue growth)33· sector 39
PAST (return on equity)77· sector 30
HEALTH (low debt)81· sector 96
DIVIDEND (yield)13· sector 79
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "TPG Inc Fair Value". https://www.fairvalue-calculator.com/stock/TPG
Frequently asked questions
Is TPG Inc (TPG) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of $12.60 versus a price of $50.16, about 75% lower (overvalued).
What is the fair value of TPG?
Our model-based fair value for TPG Inc is $12.60 (as of Nov 3, 2026), built from audited fundamentals. The current price: $50.16.
What is the quality score of TPG?
TPG Inc has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TPG Inc (TPG)?
Our model-based price target is the fair value of $12.60 (as of Nov 3, 2026) from 11 valuation models. Cautious scenario $6.71, optimistic scenario $20.28. It is a calculation from audited fundamentals, not an analyst target.
What is the TPG Inc stock forecast for 2026?
Our models put fair value at $12.60, about 75% lower versus a price of $50.16 (overvalued). Cautious scenario $6.71, optimistic scenario $20.28. The calculation is refreshed regularly with new filings.
What is the revenue of TPG Inc (TPG)?
TPG Inc reported trailing-twelve-month revenue of about $4.6B (latest available figure, as of Nov 3, 2026).
Does TPG Inc pay a dividend?
TPG Inc currently shows a dividend yield of 0.66% relative to its recent price (as of Nov 3, 2026).
What growth is priced into TPG Inc (TPG)?
For today's price to be fair in a discounted-cash-flow model, TPG Inc would have to grow free cash flow by +9.1 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of TPG use?
Our models discount TPG Inc at 10.3 %: a base by market capitalisation (large), damped by beta 1.46, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TPG Inc that is +9.1 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has TPG Inc (TPG) delivered so far?
Over the past 5 years revenue at TPG Inc grew +15.6 % a year. The price currently implies +9.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TPG Inc (TPG) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into TPG Inc (+9.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TPG Inc (TPG)?
The free-cash-flow yield on the price is 5.42 %: that much free cash flow TPG Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TPG Inc (TPG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TPG Inc it is $12.60 per share (as of Nov 3, 2026), against a price of $50.16. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is TPG Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, TPG trades above its calculated fair value: price $50.16, fair value $12.60, a gap of about −75% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TPG?
No. The price is what the market pays today ($50.16); the fair value is what the company's own numbers justify ($12.60). For TPG Inc the two are $37.56 per share apart. That gap is exactly why we show both numbers side by side.
How much is TPG Inc worth?
The market values TPG Inc at about $18.5B (market capitalisation, as of Nov 3, 2026). Per share that is $50.16; our models calculate a fair value of $12.60 per share.
What do the bullish and bearish scenarios say about TPG?
Our models span a range for TPG Inc: cautious scenario $6.71, base $12.60, optimistic $20.28 per share (as of Nov 3, 2026, price $50.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TPG?
TPG Inc trades at a price-to-earnings ratio of 69.8 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $12.60 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 13.7 (reported for FY2025: 41.5). Other multiples: P/B 15.6, P/S 13.0, EV/EBITDA 69.0.
How solid is the balance sheet of TPG Inc (TPG)?
Balance-sheet figures for TPG Inc (as of Nov 3, 2026): return on equity 19.2%, debt of 0.38 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is TPG from its 52-week high?
TPG Inc trades at $50.16, about 26% below its 52-week high of $67.86 and 34% above the low of $37.43 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $12.60 is for.
Which stocks are comparable to TPG Inc?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TPG Inc stock attractive at the current price?
The data as of Nov 3, 2026: price $50.16, calculated fair value $12.60 (−75%), Quality Score 53/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TPG calculated?
We run TPG Inc through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $12.60, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6% above its aggregate fair value. TPG Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TPG Inc (TPG)?
The closing price on Nov 4, 2026 was $50.16. Our model-based fair value is $12.60, about 75% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TPG Inc right now?
The price sits above even our optimistic bull case ($20.28). The favourable scenario is already priced in. The model range is unusually wide ($6.71 to $20.28). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of TPG Inc
How large is the market capitalisation of TPG Inc (TPG)?
The market capitalisation of TPG Inc is $18.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TPG Inc (TPG)?
The price-to-sales ratio of TPG Inc is 2.76 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TPG Inc (TPG)?
Earnings per share at TPG Inc are $0.6900 (price ÷ EPS = P/E 69.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TPG Inc (TPG)?
The dividend yield of TPG Inc is 0.7% (payout 15.8%, on adjusted earnings, reported 47.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TPG Inc (TPG)?
The net margin of TPG Inc is 4.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TPG Inc (TPG)?
The return on equity (ROE) of TPG Inc is 19.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TPG Inc (TPG)?
On an EBIT basis the return on assets of TPG Inc is 11.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TPG Inc (TPG)?
The operating margin of TPG Inc is 15.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TPG Inc (TPG)?
Revenue at TPG Inc is growing +6.6% versus a year earlier (3y avg +45.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TPG Inc (TPG)?
Earnings per share at TPG Inc are growing +101% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TPG Inc (TPG) carry?
The net debt of TPG Inc is $896M (fiscal year 2025, ≈ 0.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 3, 2026