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Triplepoint Venture Growth BDC Corp (TPVG) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Triplepoint Venture Growth BDC Corp stock $8.92, price $4.37, upside +104.1%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services US

TV Triplepoint Venture Growth BDC Corp logo Some data Nov 6, 2026

Triplepoint Venture Growth BDC Corp

TPVG · US
Meets all rules

The stock costs 51% less than our calculation considers fair.

Fair value $8.92 · Strongly undervalued
Quality 60/100
Highly profitable · 44.9% net margin (TTM)
Ranks above peers (11/14)
Even on cautious assumptions the value is 67% above the price ($7.30).
Expensive Growth (revenue 5y +18.3 %/yr in USD)
Moderate debt
Moderate moat 61/100
Insiders bought $1.5M (6M) · sold $1.5M
Some data
Negative free cash flow
21.1% dividend yield · Pays more than it earns
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$8.99 $4.06 Fair Value $8.92 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range $4.06 – $8.99 · fair‑value band $7.30 – $10.03 · the $4.37 price screens below the $8.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments.

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It also provides debt financing to venture growth space companies which includes growth capital loans, secured and customized loans, equipment financings, revolving loans and direct equity investments. The fund seeks to invest in e-commerce, entertainment, technology and life sciences sector.

Within technology the areas of focus include: Security, wireless communication equipments, network system and software, business applications software, conferencing equipments/services .big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, software, software as a service, and other technology related subsectors and within life sciences the areas of focus include: biotechnology, bio fuels/bio mass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical and therapeutic devices, pharmaceuticals and other life science related subsectors.

Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company's total equity).

The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It targeted returns between 10% and 18%. It does not take board seat in the company.

Stock analysis

Triplepoint Venture Growth BDC Corp (TPVG) currently trades at $4.37, while our model-based Fair Value estimate is $8.92, implying the stock looks roughly 51% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $11.69 per share, and 7 of the 7 models we run sit above the $4.37 price.

Bear case: the Asset-Based group reads lowest at $5.82, and 0 of the 7 models stay below the price. Data coverage for this calculation is medium.

Scenario range: $7.30 (bear) to $10.03 (bull), the price of $4.37 sits below 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 60/100 (solid quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Triplepoint Venture Growth BDC Corp reported revenue of $97.2M in FY2025 versus $83.4M in FY2021, a compound +3.9%/yr. Reported net income was $49.2M in FY2025, compounding −10.5%/yr from FY2021.

Key figures

Market cap $177M Micro · P/E ratio 7.7 · P/S ratio 3.88 · EPS (TTM) $0.5700 · Net margin 50.6% · Return on equity 11.5% · Return on assets (EBIT) 3.1% (5-year average) · Operating margin 76.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (medium confidence).

What moves the price

The share trades about 25% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 104%, TPVG screens cheaper than that median.

Fair Value models

Bear $7.30 Fair Value $8.92 Bull $10.03
Price $4.37 · Upside +104.1%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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. 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 $7.40 $8.23 $9.49 76
Gordon GGM $6.36 $6.75 $7.31 69
Graham-Dodd $8.22 $10.05 $11.30 67
All 7 models by family
Earnings-Based
Graham-Dodd $8.22 $10.05 $11.30 67
Dividend Discount
Gordon GGM $6.36 $6.75 $7.31 69
DDM Multi-Stage $6.36 $7.19 $8.21 67
Multiples
P/E Multiple $11.79 $15.71 $19.64 63
P/B Multiple $5.75 $7.66 $9.58 55
Asset-Based
NCAV (Graham) $4.34 $5.82 $8.69 54
Economic Profit
Residual Income $7.40 $8.23 $9.49 76

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Quality Score breakdown

Overall quality 60/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 44
How much profit the company makes from its sales and capital
Quality Growth 86
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 34
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 42
How calm the share price moves, does not count
Price momentum 30
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 23
Distance to the 52-week high, does not count
New shares 55
Buys back shares or issues new ones?

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Insider trades

In the last 6 months, one officer or director bought shares worth $1.5M, on Sep 18, 2026. Over the same period, one person sold shares worth $1.5M.

  • BuyJames LabeChief Executive Officer, Director22× since Nov 11, 2025: 1,721,119 shares, avg. $6.06$10.4MSep 18, 2026
  • SaleSajal SrivastavaPresident and CIO, Director313,865 shares at $4.71$1.5MSep 18, 2026
  • BuySajal SrivastavaPresident and CIO, Director21× since Nov 11, 2025: 1,407,254 shares, avg. $6.36$9.0MJan 12, 2026

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.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+36.6%
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.
+93.6%
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.
+18.3%
Start year 2020 (pandemic). Over 10 years: +15.7% a year
Revenue growth 11 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.
+11.3%
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.
−0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−0.9% vs 1.7%, steady
Profit margin 2019 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.79% → 78%
Pace: the 5-year rate starts in 2020 (pandemic)

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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 · 587 stocks

Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 60 · Above median
Fair Value upside +104.1% · Top 25%
Profitability
Return on equity (12 months) 11.5% · Above median
Return on assets 5.9% · Above median
Net margin (12 months) 44.9% · Above median
Operating margin (12 months) 76.3% · Above median
Growth and dividend
Revenue growth (quarter YoY) −5.2% · Below median
Dividend yield (12 months) 21.1% · Top 25%
Balance sheet
Debt / equity 0.95× · Highest 25%

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (12 months) 7.7× · Cheaper than median
P/B 0.50× · Cheapest 25%
P/S (12 months) 1.98× · Cheapest 25%
EV/EBITDA 6.5× · Cheaper than median
PEG 2.76× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 60
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)46 · sector 29
HEALTH (low debt)53 · sector 96
DIVIDEND (yield)100 · sector 80

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Exor N.V EXO €73.35 €139.37 +90% vs TPVG
Raymond James Financial, Inc RJF $162.81 $281.42 +73% vs TPVG
Apollo Global Management, Inc APO $116.75 $197.52 +69% vs TPVG
Ameriprise Financial, Inc AMP $501.49 $609.56 +22% vs TPVG
State Street Corporation STT $165.56 $139.37 −16% vs TPVG
Ares Management Corporation ARES $133.98 $99.35 −26% vs TPVG
Northern Trust Corporation NTRS $172.76 $123.42 −29% vs TPVG
Brookfield Asset Management Ltd BAM $52.95 $31.26 −41% vs TPVG
Blackstone Inc BX $119.50 $52.29 −56% vs TPVG
KKR & Co KKR $96.48 $27.32 −72% vs TPVG

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Cite: Fair Value Calculator (2026). "Triplepoint Venture Growth BDC Corp Fair Value". https://www.fairvalue-calculator.com/stock/TPVG

Frequently asked questions

Is Triplepoint Venture Growth BDC Corp (TPVG) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $8.92 versus a price of $4.37, about +104% upside (undervalued).
What is the fair value of TPVG?
Our model-based fair value for Triplepoint Venture Growth BDC Corp is $8.92 (as of Nov 6, 2026), built from audited fundamentals. The current price: $4.37.
What is the quality score of TPVG?
Triplepoint Venture Growth BDC Corp has a Quality Score of 60/100. 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 Triplepoint Venture Growth BDC Corp (TPVG)?
Our model-based price target is the fair value of $8.92 (as of Nov 6, 2026) from 7 valuation models. Cautious scenario $7.30, optimistic scenario $10.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Triplepoint Venture Growth BDC Corp stock forecast for 2026?
Our models put fair value at $8.92, about +104% upside versus a price of $4.37 (undervalued). Cautious scenario $7.30, optimistic scenario $10.03. The calculation is refreshed regularly with new filings.
What is the revenue of Triplepoint Venture Growth BDC Corp (TPVG)?
Triplepoint Venture Growth BDC Corp reported trailing-twelve-month revenue of about $89.5M (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Triplepoint Venture Growth BDC Corp (TPVG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Triplepoint Venture Growth BDC Corp it is $8.92 per share (as of Nov 6, 2026), against a price of $4.37. It is the blended result of 7 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Triplepoint Venture Growth BDC Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, TPVG trades below its calculated fair value: price $4.37, fair value $8.92, a gap of about +104% (undervalued). 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 TPVG?
No. The price is what the market pays today ($4.37); the fair value is what the company's own numbers justify ($8.92). For Triplepoint Venture Growth BDC Corp the two are $4.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Triplepoint Venture Growth BDC Corp worth?
The market values Triplepoint Venture Growth BDC Corp at about $177M (market capitalisation, as of Nov 6, 2026). Per share that is $4.37; our models calculate a fair value of $8.92 per share.
What do the bullish and bearish scenarios say about TPVG?
Our models span a range for Triplepoint Venture Growth BDC Corp: cautious scenario $7.30, base $8.92, optimistic $10.03 per share (as of Nov 6, 2026, price $4.37). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TPVG?
Triplepoint Venture Growth BDC Corp trades at a price-to-earnings ratio of 7.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.92 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2020, FY2021, FY2024 ex one-offs: 10.9. Other multiples: PEG 2.8, P/B 0.5, P/S 2.0, EV/EBITDA 6.5.
What is the PEG ratio of TPVG?
The PEG ratio of Triplepoint Venture Growth BDC Corp is 2.76 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Triplepoint Venture Growth BDC Corp (TPVG)?
Balance-sheet figures for Triplepoint Venture Growth BDC Corp (as of Nov 6, 2026): return on equity 11.5%, debt of 0.95 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is TPVG from its 52-week high?
Triplepoint Venture Growth BDC Corp trades at $4.37, about 25% below its 52-week high of $5.80 and 8% above the low of $4.06 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $8.92 is for.
Which stocks are comparable to Triplepoint Venture Growth BDC Corp?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, 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 Triplepoint Venture Growth BDC Corp stock attractive at the current price?
The data as of Nov 6, 2026: price $4.37, calculated fair value $8.92 (+104%), Quality Score 60/100, from 7 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 TPVG calculated?
We run Triplepoint Venture Growth BDC Corp through 7 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $8.92 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Triplepoint Venture Growth BDC Corp currently trades 51% below its own fair value, and the market average says nothing about that. 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 Triplepoint Venture Growth BDC Corp (TPVG)?
The closing price on Nov 6, 2026 was $4.37. Our model-based fair value is $8.92, about +104% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Triplepoint Venture Growth BDC Corp right now?
The price is below even our cautious bear case ($7.30). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Triplepoint Venture Growth BDC Corp

How large is the market capitalisation of Triplepoint Venture Growth BDC Corp (TPVG)?
The market capitalisation of Triplepoint Venture Growth BDC Corp is $177M. 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 Triplepoint Venture Growth BDC Corp (TPVG)?
The price-to-sales ratio of Triplepoint Venture Growth BDC Corp is 3.88 (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 Triplepoint Venture Growth BDC Corp (TPVG)?
Earnings per share at Triplepoint Venture Growth BDC Corp are $0.5700 (price ÷ EPS = P/E 7.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Triplepoint Venture Growth BDC Corp (TPVG)?
The net margin of Triplepoint Venture Growth BDC Corp is 50.6% (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 Triplepoint Venture Growth BDC Corp (TPVG)?
The return on equity (ROE) of Triplepoint Venture Growth BDC Corp is 11.5% (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 Triplepoint Venture Growth BDC Corp (TPVG)?
On an EBIT basis the return on assets of Triplepoint Venture Growth BDC Corp is 3.1% (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 Triplepoint Venture Growth BDC Corp (TPVG)?
The operating margin of Triplepoint Venture Growth BDC Corp is 76.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Triplepoint Venture Growth BDC Corp (TPVG)?
Revenue at Triplepoint Venture Growth BDC Corp is growing −5.2% versus a year earlier (3y avg +93.6%). 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 Triplepoint Venture Growth BDC Corp (TPVG)?
Earnings per share at Triplepoint Venture Growth BDC Corp are growing −19.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Triplepoint Venture Growth BDC Corp (TPVG) generate?
The free cash flow of Triplepoint Venture Growth BDC Corp is −$57.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Triplepoint Venture Growth BDC Corp (TPVG) carry?
The net debt of Triplepoint Venture Growth BDC Corp is $449M (fiscal year 2025). 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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