TPG Inc (TPG) - Net Assets
Based on the latest financial reports, TPG Inc (TPG) has net assets worth $4.14 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.49 Billion) and total liabilities ($9.36 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TPG Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.14 Billion |
| % of Total Assets | 30.66% |
| Annual Growth Rate | -0.47% |
| 5-Year Change | -43.04% |
| 10-Year Change | N/A |
| Growth Volatility | 29.83 |
TPG Inc - Net Assets Trend (2019–2025)
This chart illustrates how TPG Inc's net assets have evolved over time, based on quarterly financial data. Also explore TPG asset base for the complete picture of this company's asset base.
Annual Net Assets for TPG Inc (2019–2025)
The table below shows the annual net assets of TPG Inc from 2019 to 2025. For live valuation and market cap data, see TPG Inc (TPG) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.14 Billion | +15.16% |
| 2024-12-31 | $3.59 Billion | +6.87% |
| 2023-12-31 | $3.36 Billion | +8.92% |
| 2022-12-31 | $3.09 Billion | -57.50% |
| 2021-12-31 | $7.26 Billion | +31.53% |
| 2020-12-31 | $5.52 Billion | +29.72% |
| 2019-12-31 | $4.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TPG Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 114.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.19 Billion | 100.00% |
| Other Components | $291.60 Million | 24.60% |
| Total Equity | $1.19 Billion | 100.00% |
TPG Inc Competitors by Market Cap
The table below lists competitors of TPG Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Allegro Microsystems Inc
NASDAQ:ALGM
|
$6.86 Billion |
|
Spring Airlines Co Ltd
SHG:601021
|
$6.86 Billion |
|
Sodexo SA
PA:SW
|
$6.86 Billion |
|
Cencosud
SN:CENCOSUD
|
$6.87 Billion |
|
First International Bank of Israel Ltd
TA:FIBI
|
$6.86 Billion |
|
Transocean Ltd
NYSE:RIG
|
$6.85 Billion |
|
Petrovietnam Gas JSC
VN:GAS
|
$6.85 Billion |
|
ZEEKR Intelligent Technology Holding Limited
NYSE:ZK
|
$6.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TPG Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 784,101,000 to 1,185,217,000, a change of 401,116,000 (51.2%).
- Net income of 184,588,000 contributed positively to equity growth.
- Dividend payments of 1,229,045,000 reduced retained earnings.
- Other factors increased equity by 1,445,573,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $184.59 Million | +15.57% |
| Dividends Paid | $1.23 Billion | -103.7% |
| Other Changes | $1.45 Billion | +121.97% |
| Total Change | $- | 51.16% |
Book Value vs Market Value Analysis
This analysis compares TPG Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.53x to 5.75x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $29.23 | $44.62 | x |
| 2020-12-31 | $35.65 | $44.62 | x |
| 2021-12-31 | $22.69 | $44.62 | x |
| 2022-12-31 | $9.99 | $44.62 | x |
| 2023-12-31 | $1.82 | $44.62 | x |
| 2024-12-31 | $2.15 | $44.62 | x |
| 2025-12-31 | $7.76 | $44.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TPG Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.95%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 11.38x
- Recent ROE (15.57%) is below the historical average (33.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 23.81% | 22.30% | 0.39x | 2.73x | $278.72 Million |
| 2020 | 37.69% | 40.93% | 0.32x | 2.84x | $681.49 Million |
| 2021 | 135.75% | 39.07% | 0.62x | 5.58x | $2.02 Billion |
| 2022 | 3.00% | 6.14% | 0.19x | 2.57x | $-216.16 Million |
| 2023 | 13.83% | 4.32% | 0.20x | 16.18x | $22.17 Million |
| 2024 | 2.99% | 0.90% | 0.25x | 13.44x | $-54.93 Million |
| 2025 | 15.57% | 3.95% | 0.35x | 11.38x | $66.07 Million |
Industry Comparison
This section compares TPG Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,182,432,986
- Average return on equity (ROE) among peers: 18.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TPG Inc (TPG) | $4.14 Billion | 23.81% | 2.26x | $6.86 Billion |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.08 Billion | 12.72% | 0.00x | $3.56 Billion |
| Associated Capital Group Inc (AC) | $757.29 Million | -0.01% | 0.10x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $441.58 Million | -2.00% | 0.15x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $-40.08K | 0.00% | 0.00x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $396.54 Million |
| Affiliated Managers Group Inc (AMG) | $602.36 Million | 9.29% | 1.06x | $8.52 Billion |
| Ameriprise Financial Inc (AMP) | $5.59 Billion | 37.54% | 23.56x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $742.49 Million | 21.17% | 0.16x | $45.04 Million |
| Artisan Partners Asset Management Inc (APAM) | $749.92 Million | 34.64% | 1.16x | $2.68 Billion |
About TPG Inc
TPG Inc. operates as an alternative asset manager in the United States and internationally. The company provides investment management services to TPG Funds, limited partners, separately managed accounts and clients, and other vehicles; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advice services. In addition, it invests in priv… Read more