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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Triplepoint Venture Growth BDC Corp
TPVG · USThe stock costs 51% less than our calculation considers fair.
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Price vs Fair Value
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
All 7 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
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
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Compare Triplepoint Venture Growth BDC Corp with another stock
Price, fair value, quality and upside side by side.
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
Valuation Multiplesvs Asset Management median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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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Key figures of Triplepoint Venture Growth BDC Corp
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