TPG price to free cash flow TPG
Market value divided by free cash flow over the last twelve months, since 2023.
- Today, Oct 23, 2026
- 18.7×
- 4-year median
- 20.5×
- Against its 4-year history
- 47th
- percentile: 0 is its lowest day, 100 its highest
- 4-year range
- 5.4× to 147×
- Peer median
- 11.0×
TPG's price to free cash flow is 18.7× as of Oct 23, 2026.
That is below its 4-year median of 20.5×, close to the middle of its last 4 years.
Over that time it ranged from 5.4× in Nov 2023 to 147× in Nov 2024.
The median for 10 asset managers of a similar size is 11.0×.
Price to free cash flow over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 18.7× | 14.7× | 29.3× |
| 2025 | 28.5× | 24.0× | 144× |
| 2024 | 133× | 6.8× | 147× |
| 2023 | 7.4× | 5.4× | 13.7× |
Against its peers
Companies in Asset Management nearest TPG's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| TPGTPG | 18.7× |
| BENFranklin Resources | n/m |
| OWLBlue OWL Capital | 11.0× |
| CGCarlyle | n/m |
| TROWT. Rowe Price | 13.3× |
| PFGPrincipal Financial | n/m |
| AMGAffiliated Managers | 9.3× |
| RJFRaymond James Financial | n/m |
| EVREvercore | 6.0× |
| NTRSNorthern Trust | n/m |
| HLIHoulihan Lokey | 18.9× |
| Peer median | 11.0× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on TPG
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.