TPG Inc. (TPG) Stock

TPG Inc. (TPG) is a Financials stock trading at $51.57 (as of 2026-08-20), with a market capitalization of $19.88B and a trailing P/E of 84.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

TPG Inc. provides investment management for unconsolidated funds, collateralized loan obligations, and other investment vehicles, and invests across private equity, real estate, fund of hedge funds, and credit strategies. It also provides monitoring, advisory, and capital-structuring services to portfolio companies for debt and equity arrangements, underwriting, and placement.

Understand TPG Inc.: how it makes money

TPG Inc. is an alternative asset manager that earns fee-related revenue for managing investment vehicles and can also earn performance-related revenue and advisory-related revenue tied to portfolio activity.

TPG's profit engine links revenue to the size of fee-earning assets under management, with additional upside when investments generate performance fees (performance-eligible assets generating performance allocations).

Revenue by segment (latest quarter)
FeeRelated$0.6B

Business quality (Weak): The business model is clear (alternative asset management with fee-related and performance-related revenue), but the provided financial inputs do not show a complete, mutually exclusive segment breakdown that cleanly totals the latest reported revenue, and margin metrics are not provided.

Valuation: At 179× earnings, TPG trades 434% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Large fee-earning base: The company reports Fee-Earning Assets Under Management of 175.0 USD_B, which is directly aligned with fee-related revenue.
  • Ability to deploy future capital: Dry Powder of 72.0 USD_B suggests potential for future investment activity, which can support fee generation over time.

Bear case

  • Performance contribution appears smaller in the provided breakdown: The provided revenue components show Performance-Related Revenues of 0.06 USD_B, which indicates a smaller portion of revenue versus fee-related revenue.
  • Not all eligible assets are generating performance fees: Assets Under Management Eligible for Performance Allocations is 212.0 USD_B, while Assets Under Management Generating Performance Fees is 162.0 USD_B, implying some eligible assets are not currently producing performance fees.
Valuation — source: SEC EDGAR (first-party)
Price$51.57
Market Cap$19.88B
P/E Ratio84.2
Price / Book5.31
Price / Sales3.93
DCF Value (model)$2.94
DCF Upside vs Price-94.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.67B
Net Margin4.0%
Revenue Growth (YoY)100.0%
EPS Growth (YoY)1366.7%
Valuation vs Sector & Industry
Stock P/E84.2
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector455.9%
vs Industry143.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($810.83M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOJon Winkelried
Employees1,900
CountryUS
IPO Date2022-01-13

Related Companies (Business model: Asset Manager (Traditional + Alternatives); 8 closest by market cap; US-domiciled)

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TPG earnings history · TPG institutional & insider holders · TPG KPIs & operating metrics · TPG financials · TPG investor presentations & press releases · TPG SEC filings · TPG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.