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TPG (TPG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

TPG
NasdaqGS•Financial Services•Asset Management
$46.55-0.85(-0.02%)After hours
Market Cap
$7.61B
P/E
32.2x
P/S
1.5x
P/B
2.0x

TPG Inc. operates as an alternative asset manager in the United States and internationally. The company provides investment management services to TPG Funds, limited partners, separately managed accounts and clients, and other vehicles; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advice services. In addition, it invests in private equity funds, real estate funds, hedge funds, and credit funds. TPG Inc. was founded in 1992 and is based in Fort Worth, Texas.

B

How this company scores

GoodMetricSide Score: 74/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability18/25
Growth22/25
Balance Sheet & Red Flags11/25
Cash & Earnings Quality23/25
Strengths
Growing revenueRising free cash flowRising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 32.2x5y range 25.6x – 288.2x
P/E 32.2x · below its 15-quarter median

Currently below its 15-quarter median.

P/S · 1.5x5y range 1.0x – 2.1x
P/S 1.5x · near its 15-quarter median

Currently near its 15-quarter median.

P/B · 2.0x5y range 0.6x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume
Market Cap $7.61B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$5.06B
30%
Q. Revenue
$1.84B
100%
TTM EBITDA
$627.05M
1528%
TTM Op. Income
$627.05M
1528%
Q. Op. Income
$117.84M
673%
TTM Net Income
$236.23M
279%
Q. Net Income
$93.43M
525%
EPS
$0.44
1367%
Shares Out.
$164.67M
2Q
$5.06B in TTM revenue grew 30.1% YoY, reaching $1.84B last quarter. TTM EBITDA of $627.05M and TTM operating income of $627.05M show growth is flowing through to the bottom line. TTM net income of $236.23M means revenue is converting into profit. Over the past year, TTM revenue is up 30% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
6.4%
287%
Op. Margin
6.4%
287%
Net Margin
5.1%
213%
Op. margin of 6.4% is up 4.7% YoY — cost efficiency is improving. Net margin at 5.1% Over the past year, operating margin is up 287% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
32.2x
6Q
P/S Ratio
1.5x
3Q
P/B Ratio
2.0x
3%
At 32.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.5x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 6 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$14.03B
17%
Cash
$944.66M
2Q
Long-Term Debt
$2.34B
2Q
Book Value
$3.74B
5%
D/E Ratio
0.6
38%
Debt/EBITDA
19.9
67%
With $14.03B in assets and $2.34B in long-term debt, D/E is 0.6and book value is $3.74B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 38% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$347.69M
2Q
TTM Free Cash Flow
$972.57M
2Q
FCF Margin
19.2%
61%
FCF / Net Income
4.1
45%
TTM FCF of $972.57M on $347.69M in operating cash flow. The FCF / Net Income ratio of 4.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.

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P/B 2.0x
· above its 18-quarter median

Currently above its 18-quarter median.

Leverage Risk

Watch

Debt-to-equity has risen 38.4% recently — increasing financial risk even if the current ratio is manageable.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Red Flag

Shares outstanding increased 59.3% — significant dilution, likely from stock compensation or capital raises.