| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 39 | 61.8x | 17.4x | Bottom tier | |
Growth | 65 | 30.1% | 7.1% | Around median | |
Quality | 43 | — | — | Around median | |
Safety | 33 | — | — | Bottom tier | |
Capital Return | 68 | 7.79% | 0.18% | Top tier | |
Momentum | 46 | -9.2% | 1.3% | Around median | |
Sentiment | 69 | 3 | 3 | Top tier |
10-year US Treasury yield 5.31% as of 2026-10-05. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
TPG Inc. operates as a global alternative asset manager, generating a significant portion of its income from fees for managing capital across private equity, credit, real estate, capital markets solutions, and private wealth, in addition to transaction and monitoring fees and its share of realized performance earnings. As of June 30, 2026, assets under management totaled $327 billion, up 25% year over year, including $181 billion of fee-generating assets under management, up 24%, while $39 billion of assets not yet generating fees represented an estimated annual revenue opportunity of approximately $290 million.
In fiscal Q2 2026, fee-related revenues rose 27% year over year to $628 million, and management fees grew 15%, while fee-related earnings reached $315 million, up 43%, with a 50% margin. TPG reported GAAP net income attributable to the company of $93 million and after-tax distributable earnings of $280 million, or $0.69 per share, compared with expectations of $0.59 per share.
The business mix reflects the breadth of TPG's platforms: the company invested $14 billion during fiscal Q2 2026, including $7.2 billion in private equity, $4.4 billion in credit, and $2.3 billion in real estate, and generated $5 billion of realizations. It also raised $16 billion during the quarter, including $8 billion across private equity strategies and $5.6 billion in credit, bringing total fundraising since the beginning of fiscal 2026 to more than $26 billion.
The average analyst price target is $58.88, within a range of $50 to $65, with a consensus rating of “Buy.” The average target and the highest target are below the 52-week range high of $70.38, while no usable price-to-earnings multiple is available; therefore, the valuation is based primarily on achieving the target of raising more than $50 billion, maintaining a 47% fee-related earnings margin in fiscal 2026, and improving the pace of realizations.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Fee-related revenues rose 27% year over year to $628 million, supported by 15% growth in management fees and the second-highest quarter in the company's history for transaction and monitoring fees. Fee-related earnings increased 43% to $315 million, with a 50% margin. The company also reported GAAP net income of $93 million and after-tax distributable earnings of $280 million, or $0.69 per share.
TPG raised more than $26 billion during the first half of fiscal 2026, including $16 billion in the second quarter alone. Expected drivers include completing fundraising for TPG Capital X and Healthcare Partners III, the final closes of the Twin Brook Direct Lending and asset-backed credit funds, and the initial closes of four U.S. and Asian real estate funds. The company is also counting on continued inflows into perpetual products such as T-POP and TCAP and newer strategies including Peppertree, TPG Sports, and TPG Next.
Automated analysis for informational purposes only — not investment advice.
The credit platform raised $5.6 billion and deployed $4.4 billion in fiscal Q2 2026, while cumulative Jackson Financial commitments reached $4.5 billion since the partnership began in February 2026. T-POP assets reached $2.9 billion as of June 30, 2026, following quarterly inflows of $450 million and a 34% annualized return since inception. TCAP recorded gross inflows of $193 million, redemption requests of 2.1%, and a one-year net return of 9.9%.
Management expected transaction and monitoring fees to decline in fiscal Q3 2026 after some deal closings were brought forward from the third quarter into the second quarter, and it did not assume a significant rebound in the fourth quarter. Market and geopolitical volatility and changing interest rate expectations also delayed the timing of exits, pressuring realized performance earnings. In addition, approximately 5% of the TPG VIII software portfolio falls into a category that the company believes faces challenges from AI disruption.
Axel Andre joined TPG as its new Chief Financial Officer in July 2026 and participated in the fiscal Q2 2026 earnings call on August 4, 2026. He had previously served as Chief Financial Officer at public companies, most recently Reinsurance Group of America. Jack Weingart transitioned fully into his role as Chief Executive Officer of Global Wealth Solutions, a role he had assumed in 2025 alongside his previous responsibilities as Chief Financial Officer.
