TriplePoint Venture Growth BDC Corp. (TPVG) Financial Ratios
12 years of historical data (2014–2025) · Financial Services · Asset Management
EV/EBITDA
↓
8.61
↓-39% vs avg
5yr avg: 14.04
30Y Low4.9·High22.6
P/FCF
↓
N/A
—
5yr avg: 4.88
30Y Low1.9·High83.8
P/B Ratio
↓
0.57
↓-41% vs avg
5yr avg: 0.96
30Y Low0.7·High1.3
ROE
↓
14.1%
↓+165% vs avg
5yr avg: 5.3%
30Y Low-10%·High18%
Debt/EBITDA
↑
6.19
↓-25% vs avg
5yr avg: 8.25
30Y Low1.5·High14.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TPVG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TriplePoint Venture Growth BDC Corp. trades at 4.1x earnings, 43% below its 5-year average of 7.2x, 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 discount of 70%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $203M | $263M | $289M | $388M | $341M | $556M | $399M | $353M | $223M | $207M | $190M |
| Enterprise Value | $652M | $712M | $641M | $842M | $856M | $972M | $621M | $669M | $316M | $342M | $519M |
| P/E Ratio → | 4.10 | 5.36 | 9.00 | — | — | 7.27 | 11.24 | 11.11 | 6.12 | 10.75 | 17.07 |
| P/S Ratio | 2.09 | 2.71 | 4.05 | 64.95 | 25.45 | 5.52 | 6.93 | 7.04 | 5.37 | 6.15 | 8.12 |
| P/B Ratio | 0.57 | 0.74 | 0.83 | 1.12 | 0.81 | 1.28 | 1.00 | 1.06 | 0.67 | 0.88 | 0.88 |
| P/FCF | — | — | 1.89 | 7.88 | — | — | 13.10 | — | — | 8.25 | — |
| P/OCF | — | — | 1.89 | 7.88 | — | — | 13.10 | — | — | 8.25 | — |
P/E links to full P/E history page with 30-year chart
TPVG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TriplePoint Venture Growth BDC Corp.'s enterprise value stands at 8.6x EBITDA, 39% below its 5-year average of 14.0x. The Financial Services sector median is 11.4x, placing the stock at a 24% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.33 | 9.01 | 141.09 | 63.94 | 9.65 | 10.81 | 13.32 | 7.60 | 10.15 | 22.14 |
| EV / EBITDA | 8.61 | 9.40 | 20.02 | — | — | 12.69 | 17.60 | 21.06 | 4.88 | 13.02 | 22.56 |
| EV / EBIT | 8.61 | 9.40 | 20.02 | — | — | 12.69 | 17.60 | 21.06 | 6.92 | 13.02 | 22.56 |
| EV / FCF | — | — | 4.19 | 17.11 | — | — | 20.43 | — | — | 13.63 | — |
TPVG Profitability
Margins and return-on-capital ratios measuring operating efficiency
TriplePoint Venture Growth BDC Corp. earns an operating margin of 77.9%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from -667.0% to 77.9% over the past 3 years, signaling improving operational efficiency. ROE of 14.1% is modest. ROIC of 7.2% 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.5% | 83.5% | 64.0% | -453.4% | -71.0% | 86.7% | 77.9% | 80.1% | 62.4% | 80.6% | 77.5% |
| Operating Margin | 77.9% | 77.9% | 45.0% | -667.0% | -149.8% | 76.0% | 61.4% | 63.3% | 84.3% | 77.9% | 98.1% |
| Net Profit Margin | 50.6% | 50.6% | 45.0% | -667.0% | -149.8% | 76.0% | 61.4% | 63.3% | 88.0% | 57.1% | 47.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.1% | 14.1% | 9.3% | -10.4% | -4.7% | 18.3% | 9.6% | 9.5% | 12.8% | 8.5% | 5.0% |
| ROA | 6.1% | 6.1% | 3.7% | -4.0% | -2.1% | 9.5% | 5.2% | 5.5% | 7.5% | 4.1% | 2.7% |
| ROIC | 7.2% | 7.2% | 2.8% | -3.1% | -1.6% | 7.3% | 4.0% | 4.3% | 6.5% | 4.3% | 4.0% |
| ROCE | 9.4% | 9.4% | 3.7% | -4.0% | -2.1% | 9.5% | 5.2% | 5.5% | 9.7% | 9.9% | 9.1% |
TPVG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TriplePoint Venture Growth BDC Corp. carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (45% above the sector average of 4.3x). Net debt stands at $449M ($469M total debt minus $20M cash). Interest coverage of just 2.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.33 | 1.33 | 1.15 | 1.76 | 1.35 | 1.08 | 0.65 | 1.01 | 0.29 | 0.59 | 1.56 |
| Debt / EBITDA | 6.19 | 6.19 | 12.45 | — | — | 6.11 | 7.40 | 10.57 | 1.48 | 5.31 | 14.63 |
| Net Debt / Equity | — | 1.27 | 1.02 | 1.31 | 1.23 | 0.96 | 0.56 | 0.95 | 0.28 | 0.57 | 1.52 |
| Net Debt / EBITDA | 5.93 | 5.93 | 11.01 | — | — | 5.44 | 6.31 | 9.93 | 1.43 | 5.14 | 14.29 |
| Debt / FCF | — | — | 2.31 | 9.23 | — | — | 7.33 | — | — | 5.38 | — |
| Interest Coverage | 2.86 | 2.86 | 1.25 | -1.21 | -0.88 | 5.72 | 2.77 | 3.17 | 5.03 | 4.01 | 4.35 |
TPVG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — | — | 13.00 | — | 0.47 | 0.66 | 0.23 |
| Quick Ratio | — | — | — | — | — | — | 13.00 | — | 0.47 | 0.66 | 0.23 |
| Cash Ratio | — | — | — | — | — | — | 12.38 | — | 0.06 | 0.02 | 0.04 |
| Asset Turnover | — | 0.12 | 0.09 | 0.01 | 0.01 | 0.11 | 0.08 | 0.07 | 0.09 | 0.07 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TPVG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TriplePoint Venture Growth BDC Corp. returns 20.5% to shareholders annually primarily through dividends. The payout ratio of 83.9% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 24.4% (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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 20.5% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 83.9% | 83.9% | 162.5% | — | — | 59.5% | — | 106.4% | 80.8% | 117.6% | 193.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 24.4% | 18.7% | 11.1% | — | — | 13.8% | 8.9% | 9.0% | 16.3% | 9.3% | 5.9% |
| FCF Yield | — | — | 53.0% | 12.7% | — | — | 7.6% | — | — | 12.1% | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 20.5% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $40M | $39M | $36M | $33M | $31M | $31M | $25M | $20M | $16M | $16M |
Peer Comparison
Compare TPVG 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 |
|---|---|---|---|---|---|---|---|---|---|
 TPVGYou | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 HRZN | $186M | 4.0 | — | 3.3 | 18.0% | -4.0% | -0.8% | -0.2% | — |
 HTGC | $3B | 8.4 | 14.1 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
 SUNS | $114M | 8.9 | 13.6 | — | 90.7% | 64.2% | 8.2% | 6.0% | 7.2 |
 CSWC | $1B | 12.1 | 12.9 | — | 94.3% | 76.9% | 11.9% | 7.1% | 5.8 |
 ARCC | $13B | 9.7 | 12.8 | 11.3 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 GBDC | $3B | 8.7 | 11.8 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 FSCO | $997M | 6.5 | 5.7 | 1.9 | 79.3% | 74.5% | 10.5% | 6.4% | 1.9 |
 OBDC | $5B | 8.8 | 11.8 | 3.1 | 75.3% | 73.2% | 9.4% | 6.1% | 7.5 |
 SLRC | $678M | 7.3 | 11.1 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 GAIN | $589M | 3.1 | 5.1 | — | 19.4% | 315.8% | 31.7% | 15.5% | 2.5 |
| 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 · 12 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
TPVG — Frequently Asked Questions
Quick answers to the most common questions about buying TPVG stock.
What is TriplePoint Venture Growth BDC Corp.'s P/E ratio?
TriplePoint Venture Growth BDC Corp.'s current P/E ratio is 4.1x. The historical average is 9.8x.
What is TriplePoint Venture Growth BDC Corp.'s EV/EBITDA?
TriplePoint Venture Growth BDC Corp.'s current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.7x.
What is TriplePoint Venture Growth BDC Corp.'s ROE?
TriplePoint Venture Growth BDC Corp.'s return on equity (ROE) is 14.1%. The historical average is 7.7%.
Is TPVG stock overvalued?
Based on historical data, TriplePoint Venture Growth BDC Corp. is trading at a P/E of 4.1x. Compare with industry peers and growth rates for a complete picture.
What is TriplePoint Venture Growth BDC Corp.'s dividend yield?
TriplePoint Venture Growth BDC Corp.'s current dividend yield is 20.50% with a payout ratio of 83.9%.
What are TriplePoint Venture Growth BDC Corp.'s profit margins?
TriplePoint Venture Growth BDC Corp. has 83.5% gross margin and 77.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does TriplePoint Venture Growth BDC Corp. have?
TriplePoint Venture Growth BDC Corp.'s Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.