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TPGTPG Inc.
$46.50$17.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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TPG logo

TPG Inc.

TPG
NASDAQ · Asset Managers & Custodians
$46.50
At close - USD
Market Cap$17.83B
P/E38.4x
52W High$70.38
Volume2.89M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Fee-Driven Earnings Mask Volatile Income and Thin Profitability

TPG's reported top line is dominated by fee income, which accounted for roughly 97 to 115 percent of revenue across recent quarters, suggesting earnings depend heavily on realization timing rather than stable lending spreads.

GrowthMixed
ProfitabilityWeak
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

TPG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+111% Peers

P/E is 111% above peer median

03

Market leadership

RS 64 · Avg

Average momentum (RS Rating: 64)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 29

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TPG-26.56%
S&P 500 (^GSPC)+7.63%
1-Year Return
TPG-10.85%
S&P 500 (^GSPC)+9.69%
3-Year Return
TPG+77.51%
S&P 500 (^GSPC)+67.98%
5-Year Return
TPG+60.03%
S&P 500 (^GSPC)+56.11%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
66.7x
Forward P/EExpansion
16.7x
EV/EBITDA0th %ile
17.0x
FCF YieldCash Flow
3.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
66.7x
196.2x
50th· Fair
EV/EBITDA
17.0x
109.1x
0th· Low
Price/FCF
27.9x
24.2x
75th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$6.34-86.4%
Base (Fair)$19.68-57.7%
Bull$8.41-81.9%
$6.34 Bear$19.68 Base$8.41 Bull
Current Market Price: $46.50
Trades at a 136.3% premium to Base DCF ($19.68)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$4.56B+79.6% YoY
Net income FY25
$185M+686.0% YoY
Free cash flow FY25
$1B+99.1% YoY
Operating margin FY25
15%+16.0 pts YoY
ROIC (FY25)9.3%
Avg ROIC 5Y-
ROE (FY25)4.8%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate12/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 29, 2026
$0.65+4.3%
vs $0.62
$638M+2.1%
vs $625M
Q3 2026
Aug 4, 2026
$0.69+16.9%
vs $0.59
$628M+5.3%
vs $597M
Q2 2026
May 1, 2026
$0.70+18.2%
vs $0.59
$638M+4.9%
vs $608M
Q1 2026
Feb 5, 2026
$0.71+11.1%
vs $0.64
$628M+2.3%
vs $614M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 30, 2026
TPG Inc. (TPG) Q3 2026 Earnings Call Transcript

TPG Inc. ( TPG ) Q3 2026 Earnings Call October 29, 2026 11:00 AM EDT Company Participants Gary Stein - Head of Investor Relations Jon Winkelried - CEO & Director Axel Philippe Andre - Chief Financial Officer Jack Weingart - CEO of Global Wealth Solutions Business James Coulter - Executive Chairman & Founding Partner Conference Call Participants Benjamin Budish - Barclays Bank PLC, Research Division Glenn Schorr - Evercore ISI Institutional Equities, Research Division Alexander Blostein - Goldman Sachs Group, Inc., Research Division Brennan Hawken - BMO Capital Markets Equity Research Michael Brown - UBS Investment Bank, Research Division Kenneth Worthington - JPMorgan Chase & Co, Research Division Steven Chubak - Wolfe Research, LLC Devin Ryan - Citizens JMP Securities, LLC, Research Division Brian Bedell - Deutsche Bank AG, Research Division Arnaud Giblat - BNP Paribas, Research Division Bart Dziarski - RBC Capital Markets, Research Division Michael Cyprys - Morgan Stanley, Research Division Presentation Operator Good morning, and welcome to TPG's Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.

MarketBeat·Oct 29, 2026
TPG Q3 Earnings Call Highlights

TPG NASDAQ: TPG reported third-quarter 2026 GAAP net income attributable to the company of $100 million and after-tax distributable earnings of $265 million, or $0.65 per Class A share, as fundraising, deployment and assets under management continued to grow across private equity, credit, real estate and wealth products.

Zacks Investment Research·Oct 29, 2026
TPG Inc. (TPG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

While the top- and bottom-line numbers for TPG Inc. (TPG) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks Investment Research·Oct 29, 2026
TPG Inc. (TPG) Surpasses Q3 Earnings and Revenue Estimates

TPG Inc. (TPG) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.53 per share a year ago.

Filtered for TPG Inc.More Headlines
04

Compare before deciding

Benchmark TPG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for TPG Inc. (TPG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TPG logoTPGTPG Inc.Current
$46.50$17.83B38.4379.63%4.05%4.78%6.94%
KKR logoKKRKKR & Co. Inc.
$96.48$86.63B41.23-7.47%18%3.96%0.83%
CG logoCGThe Carlyle Group Inc.
$39.70$14.29B18.2140.31%10%5.11%3.43%
APO logoAPOApollo Global Management, Inc.
$116.75$67.24B16.0815.78%8.54%7.06%1.83%
BX logoBXBlackstone Inc.
$119.50$94.14B30.8021.87%22.58%16.4%6.44%
ARES logoARESAres Management Corporation
$133.98$44B68.3696.21%9.97%7.43%6.03%

Compare TPG vs Peers

TPG Inc. (TPG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KKR

Most directly comparable listed peer for TPG.

Scale Benchmark

vs MS

Larger-name benchmark to compare TPG against a more recognizable public peer.

Peer Set

Compare Top 5

vs KKR, CG, APO, BX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

TPG SEC Filings & Documents

TPG Inc. (TPG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 29, 2026·SEC

Material company update

Aug 4, 2026·SEC

Material company update

Jun 22, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 18, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Nov 3, 2026·SEC

FY 2026

Aug 4, 2026·SEC

FY 2026

May 1, 2026·SEC

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TPG Frequently Asked Questions

TPG Inc. (TPG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is TPG Inc. growing?

TPG Inc. (TPG) grew revenue by 79.6% in fiscal year 2025, compared with the prior fiscal year.

Is TPG profitable?

Yes. TPG Inc. (TPG) earned $268.7M in net income over the trailing twelve months (a 5.3% net margin).

Dividend & Returns
Does TPG pay dividends?

Yes. TPG Inc. (TPG) pays a dividend that yields 6.94% at the current price, a high yield.

What is TPG's return on equity?

TPG Inc. (TPG) had a return on equity (ROE) of 4.8% in fiscal year 2025. That is below the market's typical 10-15%.

Industry Metrics
What is TPG Inc.'s net interest margin?

TPG Inc. (TPG) has a net interest margin (NIM) of -0.1%. NIM has been under pressure due to interest rate environment.

What is TPG Inc.'s efficiency ratio?

TPG Inc. (TPG) has an efficiency ratio of 84.2%. This is higher than peers, suggesting room for cost optimization.

What if you invested $1,000 in TPG back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →