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CET vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
CET vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $1.54B | $243M |
| Revenue (TTM) | $296M | $97M |
| Net Income (TTM) | $507M | $-12M |
| Gross Margin | 100.0% | 83.5% |
| Operating Margin | 97.2% | 77.9% |
| Forward P/E | 5.3x | 6.5x |
| Total Debt | $3M | $469M |
| Cash & Equiv. | $268K | $20M |
CET vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Central Securities … (CET) | 100 | 184.3 | +84.3% |
| TriplePoint Venture… (TPVG) | 100 | 59.8 | -40.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CET vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CET carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.72, yield 2.5%
- Rev growth 416.3%, EPS growth 28.7%
- 264.7% 10Y total return vs TPVG's 93.3%
TPVG is the clearest fit if your priority is bank quality.
- NIM 7.4% vs CET's 0.2%
- Efficiency ratio 0.1% vs CET's 1.0% (lower = leaner)
- Efficiency ratio 0.1% vs CET's 1.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 416.3% NII/revenue growth vs TPVG's 36.6% | |
| Value | Lower P/E (5.3x vs 6.5x) | |
| Quality / Margins | Efficiency ratio 0.1% vs CET's 1.0% (lower = leaner) | |
| Stability / Safety | Beta 0.72 vs TPVG's 0.83, lower leverage | |
| Dividends | 2.5% yield, 1-year raise streak, vs TPVG's 17.1% | |
| Momentum (1Y) | +25.1% vs TPVG's +19.3% | |
| Efficiency (ROA) | Efficiency ratio 0.1% vs CET's 1.0% |
CET vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CET leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
CET is the larger business by revenue, generating $296M annually — 3.0x TPVG's $97M. CET is the more profitable business, keeping 97.2% of every revenue dollar as net income compared to TPVG's 50.6%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $296M | $97M |
| EBITDAEarnings before interest/tax | $507M | -$22M |
| Net IncomeAfter-tax profit | $507M | -$12M |
| Free Cash FlowCash after capex | $36M | $35M |
| Gross MarginGross profit ÷ Revenue | +100.0% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +97.2% | +77.9% |
| Net MarginNet income ÷ Revenue | +97.2% | +50.6% |
| FCF MarginFCF ÷ Revenue | +12.6% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -42.5% | -2.3% |
Valuation Metrics
TPVG leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
At 4.9x trailing earnings, TPVG trades at a 7% valuation discount to CET's 5.3x P/E. On an enterprise value basis, CET's 5.4x EV/EBITDA is more attractive than TPVG's 9.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.5B | $243M |
| Enterprise ValueMkt cap + debt − cash | $1.5B | $691M |
| Trailing P/EPrice ÷ TTM EPS | 5.26x | 4.91x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 6.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.84x |
| EV / EBITDAEnterprise value multiple | 5.36x | 9.13x |
| Price / SalesMarket cap ÷ Revenue | 5.20x | 2.50x |
| Price / BookPrice ÷ Book value/share | 0.96x | 0.68x |
| Price / FCFMarket cap ÷ FCF | 41.35x | — |
Profitability & Efficiency
CET leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
CET delivers a 30.4% return on equity — every $100 of shareholder capital generates $30 in annual profit, vs $-3 for TPVG. CET carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to TPVG's 1.33x. On the Piotroski fundamental quality scale (0–9), CET scores 7/9 vs TPVG's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +30.4% | -3.4% |
| ROA (TTM)Return on assets | +30.3% | -1.5% |
| ROICReturn on invested capital | +14.9% | +7.2% |
| ROCEReturn on capital employed | +19.9% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.00x | 1.33x |
| Net DebtTotal debt minus cash | -$267,953 | $449M |
| Cash & Equiv.Liquid assets | $267,953 | $20M |
| Total DebtShort + long-term debt | $3M | $469M |
| Interest CoverageEBIT ÷ Interest expense | — | -1.02x |
Total Returns (Dividends Reinvested)
CET leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CET five years ago would be worth $16,764 today (with dividends reinvested), compared to $8,649 for TPVG. Over the past 12 months, CET leads with a +25.1% total return vs TPVG's +19.3%. The 3-year compound annual growth rate (CAGR) favors CET at 20.6% vs TPVG's -1.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +5.1% | -6.3% |
| 1-Year ReturnPast 12 months | +25.1% | +19.3% |
| 3-Year ReturnCumulative with dividends | +75.4% | -3.4% |
| 5-Year ReturnCumulative with dividends | +67.6% | -13.5% |
| 10-Year ReturnCumulative with dividends | +264.7% | +93.3% |
| CAGR (3Y)Annualised 3-year return | +20.6% | -1.2% |
Risk & Volatility
CET leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CET is the less volatile stock with a 0.72 beta — it tends to amplify market swings less than TPVG's 0.83 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CET currently trades 98.2% from its 52-week high vs TPVG's 79.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.72x | 0.83x |
| 52-Week HighHighest price in past year | $54.28 | $7.53 |
| 52-Week LowLowest price in past year | $44.54 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +98.2% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 70.9 | 58.3 |
| Avg Volume (50D)Average daily shares traded | 40K | 504K |
Analyst Outlook
Evenly matched — CET and TPVG each lead in 1 of 2 comparable metrics.
Analyst Outlook
For income investors, TPVG offers the higher dividend yield at 17.11% vs CET's 2.50%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $8.95 |
| # AnalystsCovering analysts | — | 12 |
| Dividend YieldAnnual dividend ÷ price | +2.5% | +17.1% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $1.34 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
CET leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TPVG leads in 1 (Valuation Metrics). 1 tied.
CET vs TPVG: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CET or TPVG a better buy right now?
For growth investors, Central Securities Corp.
(CET) is the stronger pick with 416. 3% revenue growth year-over-year, versus 36. 6% for TriplePoint Venture Growth BDC Corp. (TPVG). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 9x trailing P/E (6. 5x forward), making it the more compelling value choice. Analysts rate TriplePoint Venture Growth BDC Corp. (TPVG) a "Hold" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CET or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 9x versus Central Securities Corp. at 5. 3x.
03Which is the better long-term investment — CET or TPVG?
Over the past 5 years, Central Securities Corp.
(CET) delivered a total return of +67. 6%, compared to -13. 5% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: CET returned +264. 7% versus TPVG's +93. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CET or TPVG?
By beta (market sensitivity over 5 years), Central Securities Corp.
(CET) is the lower-risk stock at 0. 72β versus TriplePoint Venture Growth BDC Corp. 's 0. 83β — meaning TPVG is approximately 16% more volatile than CET relative to the S&P 500. On balance sheet safety, Central Securities Corp. (CET) carries a lower debt/equity ratio of 0% versus 133% for TriplePoint Venture Growth BDC Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — CET or TPVG?
By revenue growth (latest reported year), Central Securities Corp.
(CET) is pulling ahead at 416. 3% versus 36. 6% for TriplePoint Venture Growth BDC Corp. (TPVG). On earnings-per-share growth, the picture is similar: TriplePoint Venture Growth BDC Corp. grew EPS 48. 8% year-over-year, compared to 28. 7% for Central Securities Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CET or TPVG?
Central Securities Corp.
(CET) is the more profitable company, earning 97. 2% net margin versus 50. 6% for TriplePoint Venture Growth BDC Corp. — meaning it keeps 97. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CET leads at 97. 2% versus 77. 9% for TPVG. At the gross margin level — before operating expenses — CET leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Which pays a better dividend — CET or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 2. 5% for Central Securities Corp. (CET).
08Is CET or TPVG better for a retirement portfolio?
For long-horizon retirement investors, Central Securities Corp.
(CET) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 72), 2. 5% yield, +264. 7% 10Y return). Both have compounded well over 10 years (CET: +264. 7%, TPVG: +93. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between CET and TPVG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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