Tpg Inc. (TPG) intrinsic value & 10-year financials

Tpg Inc. (TPG) has a Graham intrinsic value of $14.95 per share. At $42.52 on Oct 17, 2026, the stock trades 184% above that value. Over the last 7 fiscal years revenue grew 22.4% a year to $2.4B, with an average return on invested capital of 2.8%.

Graham intrinsic value
$14.95
Share price (Oct 17, 2026)
$42.52
Price vs Graham value
184% above
Market cap
$15.9B
Revenue (FY2025)
$2.4B
Revenue growth (7-yr CAGR)
22.4%
ROIC (10-yr avg)
2.8%
Free cash flow (FY2025)
—

TPG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.4B $184.6M $0.45 — — 4.1%
FY2024 $2.1B $23.5M -$0.42 — — 0.6%
FY2023 $1.5B $80.1M -$0.04 — — 2.6%
FY2022 $1.2B $92.4M -$0.19 — — 3.8%
FY2021 $977.9M $0 $0.00 — — —
FY2020 $883.4M $0 — — — —
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

TPG Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

TPG Inc. has historically struggled to out-earn its cost of capital, averaging just 2.8% ROIC.

TPG Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, TPG Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $14.95 per share.

TPG stock: frequently asked questions

What is the intrinsic value of Tpg Inc. (TPG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, TPG's intrinsic value is about $14.95 per share.

Is TPG stock undervalued?

At $42.52 (close on Oct 17, 2026), TPG trades 184% above its Graham value of $14.95. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

What is TPG's return on invested capital?

Average ROIC over the last 7 fiscal years was 2.8%, and average return on equity was 2.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TPG data come from?

From Tpg Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar investment advice stocks