TPG Inc. (TPG) Financial Ratios
7 years of historical data (2019–2025) · Financial Services · Asset Management
EV/EBITDA
↓
20.68
↓-93% vs avg
5yr avg: 302.66
30Y Low12.9·High12.9
P/FCF
↑
16.06
↓-21% vs avg
5yr avg: 20.24
30Y Low6.3·High45.5
P/B Ratio
↓
1.55
↓-60% vs avg
5yr avg: 3.90
30Y Low2.4·High6.4
ROE
↓
4.8%
↑-46% vs avg
5yr avg: 8.8%
30Y Low1%·High34%
Debt/EBITDA
↑
2.09
↓-88% vs avg
5yr avg: 18.06
30Y Low0.1·High14.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TPG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TPG Inc. trades at 34.8x earnings, 91% below its 5-year average of 408.3x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 156%. On a free-cash-flow basis, the stock trades at 16.1x P/FCF, 21% below the 5-year average of 20.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.1B | $9.8B | $22.9B | $13.7B | $8.6B | — | — | — |
| Enterprise Value | $17.0B | $10.7B | $23.7B | $14.3B | $8.1B | — | — | — |
| P/E Ratio → | 34.75 | 52.76 | 975.78 | 196.23 | — | — | — | — |
| P/S Ratio | 3.45 | 2.09 | 8.74 | 7.40 | 5.71 | — | — | — |
| P/B Ratio | 1.55 | 2.36 | 6.38 | 4.08 | 2.79 | — | — | — |
| P/FCF | 16.06 | 9.72 | 45.47 | 19.50 | 6.26 | — | — | — |
| P/OCF | 15.61 | 9.45 | 43.07 | 19.05 | 6.25 | — | — | — |
P/E links to full P/E history page with 30-year chart
TPG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TPG Inc.'s enterprise value stands at 20.7x EBITDA, 93% below its 5-year average of 302.7x. The Financial Services sector median is 11.4x, placing the stock at a 82% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.28 | 9.03 | 7.72 | 5.37 | — | — | — |
| EV / EBITDA | 20.68 | 12.95 | 214.31 | 109.08 | 874.30 | — | — | — |
| EV / EBIT | 24.84 | 15.48 | — | 171.24 | — | — | — | — |
| EV / FCF | — | 10.61 | 47.01 | 20.35 | 5.88 | — | — | — |
TPG Profitability
Margins and return-on-capital ratios measuring operating efficiency
TPG Inc. earns an operating margin of 14.7%, below the Financial Services sector average of 20.3%. Operating margins have expanded from 4.5% to 14.7% over the past 3 years, signaling improving operational efficiency. ROE of 4.8% is modest, trailing the sector median of 9.0%. ROIC of 9.3% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 96.9% | 96.9% | 96.7% | 97.9% | 98.6% | 99.7% | 99.1% | 99.2% |
| Operating Margin | 14.7% | 14.7% | -0.9% | 4.5% | -1.6% | 83.6% | 63.9% | 55.1% |
| Net Profit Margin | 4.0% | 4.0% | 0.9% | 4.3% | 6.1% | 39.1% | 40.9% | 22.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 4.8% | 4.8% | 0.7% | 2.5% | 1.8% | 34.1% | 19.0% | 11.3% |
| ROA | 1.5% | 1.5% | 0.2% | 0.9% | 1.1% | 27.3% | 14.8% | 8.7% |
| ROIC | 9.3% | 9.3% | -0.4% | 1.5% | -0.3% | 50.4% | 20.3% | 18.9% |
| ROCE | 7.4% | 7.4% | -0.3% | 1.0% | -0.3% | 59.2% | 23.4% | 21.8% |
TPG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TPG Inc. carries a Debt/EBITDA ratio of 2.1x, which is manageable (51% below the sector average of 4.3x). Net debt stands at $896M ($1.7B total debt minus $826M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.42 | 0.42 | 0.44 | 0.38 | 0.19 | 0.09 | 0.09 | 0.11 |
| Debt / EBITDA | 2.09 | 2.09 | 14.32 | 9.62 | 64.13 | 0.13 | 0.34 | 0.39 |
| Net Debt / Equity | — | 0.22 | 0.22 | 0.18 | -0.17 | -0.05 | -0.07 | -0.05 |
| Net Debt / EBITDA | 1.09 | 1.09 | 7.01 | 4.56 | -56.30 | -0.08 | -0.26 | -0.16 |
| Debt / FCF | — | 0.89 | 1.54 | 0.85 | -0.38 | -0.24 | — | -0.24 |
| Interest Coverage | — | — | -0.28 | 2.17 | -1.10 | 273.91 | 73.48 | 66.65 |
TPG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.15x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 26.80x to 0.15x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.15 | 0.15 | 29.13 | 26.80 | 30.30 | 8.84 | 15.38 | 16.26 |
| Quick Ratio | 0.15 | 0.15 | 29.13 | 26.80 | 30.30 | 8.84 | 15.38 | 16.26 |
| Cash Ratio | 0.15 | 0.15 | 17.72 | 15.63 | 25.18 | 7.28 | 11.98 | 9.16 |
| Asset Turnover | — | 0.35 | 0.25 | 0.20 | 0.19 | 0.62 | 0.32 | 0.39 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
TPG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TPG Inc. returns 19.1% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 665.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 19.1% | — | — | — | — | — | — | — |
| Payout Ratio | 665.8% | 665.8% | 3545.1% | 803.1% | 717.1% | 48.9% | 32.2% | 51.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 1.9% | 0.1% | 0.5% | — | — | — | — |
| FCF Yield | 6.2% | 10.3% | 2.2% | 5.1% | 16.0% | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 19.1% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $153M | $365M | $318M | $309M | $71M | $69M | $69M |
Peer Comparison
Compare TPG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TPGYou | $16B | 34.8 | 20.7 | 16.1 | 96.9% | 14.7% | 4.8% | 9.3% | 2.1 |
 KKR | $86B | 41.5 | 19.8 | 9.1 | 41.8% | 2.4% | 3.3% | 0.3% | 7.7 |
 CG | $16B | 20.6 | 20.1 | 11.9 | 65.9% | 26.2% | 12.1% | 5.2% | 10.4 |
 APO | $79B | 18.9 | 6.4 | 10.6 | 88.5% | 34.4% | 12.2% | 16.0% | 1.2 |
 BX | $97B | 31.9 | 14.9 | 55.6 | 86.0% | 51.9% | 14.6% | 16.1% | 1.8 |
 ARES | $42B | 66.0 | 27.9 | 27.5 | 74.8% | 27.2% | 6.8% | 6.1% | 7.4 |
 BAM | $78B | 30.6 | 27.6 | — | 93.2% | 57.6% | 37.3% | 24.3% | 1.3 |
 EQT | $32B | 15.3 | 6.8 | 11.2 | 48.9% | 34.7% | 7.9% | 6.9% | 1.4 |
 OWL | $15B | 79.4 | 18.3 | 12.4 | 55.4% | 21.9% | 1.3% | 5.0% | 3.8 |
 HLNE | $5B | 13.9 | 13.6 | 10.0 | 69.9% | 42.8% | 20.8% | 15.6% | 1.1 |
 STEP | $6B | -6.7 | — | 88.5 | 51.0% | -51.3% | -39.2% | -35.3% | — |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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TPG — Frequently Asked Questions
Quick answers to the most common questions about buying TPG stock.
What is TPG Inc.'s P/E ratio?
TPG Inc.'s current P/E ratio is 34.8x. The historical average is 124.5x.
What is TPG Inc.'s EV/EBITDA?
TPG Inc.'s current EV/EBITDA is 20.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
What is TPG Inc.'s ROE?
TPG Inc.'s return on equity (ROE) is 4.8%. The historical average is 10.6%.
Is TPG stock overvalued?
Based on historical data, TPG Inc. is trading at a P/E of 34.8x. Compare with industry peers and growth rates for a complete picture.
What is TPG Inc.'s dividend yield?
TPG Inc.'s current dividend yield is 19.13% with a payout ratio of 665.8%.
What are TPG Inc.'s profit margins?
TPG Inc. has 96.9% gross margin and 14.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does TPG Inc. have?
TPG Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.