TPG price to book ratio TPG

Market value divided by the book value of the company's net assets, since 2022.

Today, Oct 23, 2026: 13.9×
4-year median: 18.5×
Against its 4-year history: 26th; percentile: 0 is its lowest day, 100 its highest
4-year range: 2.2× to 35.7×
Peer median: 2.5×

TPG's price to book ratio is 13.9× as of Oct 23, 2026.

That is below its 4-year median of 18.5×, lower than on 74% of days in the last 4 years.

Over that time it ranged from 2.2× in Jun 2022 to 35.7× in Nov 2024.

The median for 10 asset managers of a similar size is 2.5×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	13.9×	12.4×	22.2×
2025	21.6×	18.2×	35.0×
2024	32.3×	20.0×	35.7×
2023	24.9×	2.7×	25.3×
2022	2.8×	2.2×	4.1×

Against its peers

Companies in Asset Management nearest TPG's size, closest first, today.

Company	Price to book ratio
TPGTPG	13.9×
BENFranklin Resources	1.3×
OWLBlue OWL Capital	7.3×
CGCarlyle	2.6×
TROWT. Rowe Price	2.0×
PFGPrincipal Financial	1.9×
AMGAffiliated Managers	3.3×
RJFRaymond James Financial	2.4×
EVREvercore	5.2×
NTRSNorthern Trust	2.3×
HLIHoulihan Lokey	4.1×
Peer median	2.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on TPG

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.