TriplePoint Venture Growth BDC Corp. (TPVG) Key Metrics
TPVG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $179.9M
- Enterprise value
- $610.1M
- P/E (TTM)
- 4.5 10-yr median 9.9
- Forward P/E
- 6.8
- PEG ratio
- 2.76
- Price / sales
- 2.0 10-yr median 7.4
- Price / book
- 0.6 10-yr median 0.9
- EV / EBITDA
- 9.2 10-yr median 12.2
- Dividend yield
- 29.41% $1.30 a year
- Beta
- 1.45
TPVG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTPVG valuation Price multiples at each fiscal year-end price.
TPVG returns How much profit the business earns on the capital it uses.
TPVG per-share figures Results divided by the shares outstanding at year-end.
TPVG financial health Debt, liquidity and how easily interest is covered.
TPVG efficiency & capital use Working capital cycle and where the cash goes.
TPVG valuation history
TPVG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TPVG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TPVG cash returned to shareholders
TPVG price vs earnings per share
TPVG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $263.4M | $288.6M | $387.8M | $341.0M | $555.6M | $398.6M | $353.3M | $223.1M | $207.2M | $190.4M |
| Enterprise value | $712.1M | $641.5M | $842.3M | $856.4M | $971.8M | $621.5M | $668.8M | $295.7M | $217.2M | $364.2M |
| P/E ratio | 5.4 | 9.0 | — | — | 7.3 | 11.3 | 11.1 | 6.1 | 10.8 | 17.1 |
| Price / sales | 2.7 | 4.1 | 65.0 | 25.5 | 6.7 | 9.5 | 8.8 | 5.4 | 6.1 | 8.1 |
| Price / book | 0.7 | 0.8 | 1.1 | 0.8 | 1.3 | 1.0 | 1.0 | 0.7 | 0.9 | 0.9 |
| Price / free cash flow | — | 1.9 | 7.9 | — | — | 6.6 | — | — | 8.3 | — |
| Price / operating cash flow | — | 1.9 | 7.9 | — | — | 6.6 | — | — | 8.3 | — |
| EV / sales | 7.3 | 9.0 | 141.1 | 63.9 | 11.7 | 14.8 | 16.6 | 7.1 | 6.4 | 15.5 |
| EV / EBITDA | 9.4 | 20.0 | — | — | 5.5 | 19.8 | 21.1 | 6.3 | 7.9 | 15.0 |
| EV / free cash flow | — | 4.2 | 17.1 | — | — | 10.3 | — | — | 8.7 | — |
| Earnings yield | 18.7% | 11.1% | −10.3% | −5.9% | 13.8% | 8.9% | 9.0% | 16.4% | 9.3% | 5.8% |
| Free cash flow yield | −21.7% | 53.0% | 12.7% | −29.6% | −26.0% | 15.2% | −53.1% | −8.0% | 12.1% | −49.2% |
| Dividend yield | 15.7% | 18.1% | 14.2% | 14.5% | 8.2% | 10.7% | 9.6% | 14.2% | 10.9% | 11.3% |
| Shareholder yield (dividends + buybacks) | 15.7% | 18.1% | 14.2% | 14.5% | 8.2% | 10.7% | 9.6% | 14.2% | 10.9% | 14.1% |
| Share price at fiscal year-end | $6.54 | $7.38 | $10.86 | $10.43 | $17.96 | $13.04 | $14.22 | $10.89 | $12.69 | $11.78 |
| Per share | ||||||||||
| Revenue per share | $2.41 | $1.82 | $0.17 | $0.41 | $2.69 | $1.37 | $1.62 | $2.03 | $2.06 | $1.45 |
| Earnings per share | $1.22 | $0.82 | −$1.12 | −$0.61 | $2.47 | $1.16 | $1.28 | $1.78 | $1.18 | $0.69 |
| Operating cash flow per share | −$1.42 | $3.91 | $1.38 | −$3.09 | −$4.68 | $1.98 | −$7.55 | −$0.87 | $1.54 | −$5.80 |
| Free cash flow per share | −$1.42 | $3.91 | $1.38 | −$3.09 | −$4.68 | $1.98 | −$7.55 | −$0.87 | $1.54 | −$5.80 |
| Cash per share | $0.51 | $1.17 | $4.29 | $1.58 | $1.66 | $1.25 | $0.82 | $1.14 | $7.93 | $2.96 |
| Book value per share | $8.78 | $8.84 | $9.70 | $12.85 | $14.04 | $13.10 | $14.02 | $16.33 | $14.39 | $13.36 |
| Tangible book value per share | $8.78 | $8.84 | $9.70 | $12.85 | $14.04 | $13.10 | $14.02 | $16.33 | $14.39 | $13.36 |
| Dividends per share | $1.02 | $1.33 | $1.54 | $1.52 | $1.47 | $1.39 | $1.36 | $1.54 | $1.39 | $1.33 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $11.65 | $10.20 | $17.03 | $17.34 | $15.11 | $8.54 | $13.51 | $4.68 | $8.54 | $13.71 |
| Shares outstanding | 40.3M | 39.1M | 35.7M | 32.7M | 30.9M | 30.6M | 24.8M | 20.5M | 16.3M | 16.2M |
| Change in shares outstanding | +3.0% | +9.5% | +9.2% | +5.7% | +1.2% | +23.0% | +21.3% | +25.5% | +1.0% | +7.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.1% | 9.3% | −10.4% | −4.7% | 18.3% | 9.4% | 9.3% | 12.8% | 8.5% | 5.0% |
| Return on invested capital (ROIC) | 8.0% | 3.4% | −3.6% | −1.8% | 10.4% | 2.7% | 3.0% | 8.4% | 4.1% | 3.9% |
| Return on assets (ROA) | 6.1% | 3.7% | −4.0% | −2.1% | 9.5% | 5.2% | 5.5% | 7.5% | 4.1% | 2.7% |
| Return on tangible assets | 5.9% | 4.2% | −4.1% | −2.0% | 8.3% | 5.2% | 4.6% | 7.8% | 3.8% | 2.6% |
| Free cash flow margin | −58.7% | 214.8% | 824.6% | −753.2% | −173.5% | 144.2% | −466.5% | −42.9% | 74.5% | −399.5% |
| Income quality (OCF / net income) | −1.16 | 4.77 | — | — | −1.89 | 1.72 | −5.91 | −0.49 | 1.31 | −8.42 |
| Financial health | ||||||||||
| Total debt | $469.1M | $398.8M | $607.9M | $567.0M | $467.5M | $261.1M | $335.8M | $95.9M | $139.4M | $221.6M |
| Cash & short-term investments | $20.4M | $45.9M | $153.3M | $51.5M | $51.3M | $38.2M | $20.3M | $23.4M | $129.4M | $47.8M |
| Net debt | $448.7M | $352.9M | $454.6M | $515.5M | $416.2M | $222.9M | $315.5M | $72.6M | $10.0M | $173.8M |
| Debt / equity | 1.33 | 1.15 | 1.76 | 1.35 | 1.08 | 0.65 | 0.96 | 0.29 | 0.59 | 1.03 |
| Debt / assets | 0.56 | 0.52 | 0.62 | 0.56 | 0.50 | 0.38 | 0.49 | 0.21 | 0.27 | 0.51 |
| Net debt / EBITDA | 5.93 | 11.01 | — | — | 2.35 | 7.11 | 9.93 | 1.54 | 0.36 | 7.17 |
| Current ratio | — | 2.60 | 5.66 | 0.30 | 2.33 | 13.00 | 1.49 | 0.47 | 0.66 | 0.27 |
| Quick ratio | — | 2.60 | 5.66 | 0.30 | 2.33 | 13.00 | 1.49 | 0.47 | 0.66 | 0.27 |
| Interest coverage | 2.9 | 1.2 | -1.2 | -0.9 | 4.4 | 2.3 | 3.2 | 3.9 | 4.0 | 4.4 |
| Working capital | — | $28.3M | $128.2M | −$121.6M | $29.8M | $37.0M | $6.7M | −$29.3M | −$68.6M | −$158.4M |
| Invested capital | $802.3M | $698.6M | $800.9M | $935.4M | $850.7M | $623.3M | $663.9M | $407.1M | $245.0M | $389.7M |
| Tangible asset value | $353.6M | $345.7M | $346.3M | $419.9M | $434.5M | $400.4M | $348.4M | $334.5M | $234.9M | $215.9M |
| Net current asset value | −$465.7M | −$371.5M | −$476.8M | −$541.2M | −$440.9M | −$243.0M | −$315.5M | −$106.6M | −$143.6M | −$158.4M |
| Graham number | $15.54 | $12.77 | — | — | $27.96 | $18.45 | $20.08 | $25.61 | $19.53 | $14.38 |
| Graham net-net per share | −$11.56 | −$9.50 | −$13.42 | −$16.61 | −$14.28 | −$8.01 | −$12.70 | −$5.33 | −$8.94 | −$10.56 |
| Capital allocation | ||||||||||
| Dividends paid | $41.3M | $52.1M | $54.9M | $49.6M | $45.6M | $42.5M | $33.8M | $31.6M | $22.6M | $21.5M |
| Share buybacks (net) | — | — | $0 | $0 | — | — | $0 | $0 | $0 | $5.4M |
| Dividend payout ratio | 83.9% | 162.5% | — | — | 59.5% | 120.5% | 106.4% | 86.4% | 117.6% | 193.5% |
| Dividends + buybacks / free cash flow | — | 34.1% | 111.6% | — | — | 70.2% | — | — | 90.1% | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | — | 0.0% | 0.0% | — | — | 0.0% | — | — | 0.0% | — |
| Capex / depreciation | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 6.3% | 15.5% | 150.7% | 50.0% | 7.3% | 15.9% | 15.0% | 12.0% | 12.8% | 19.0% |
| Efficiency | ||||||||||
| Days payables outstanding | — | — | — | — | 22.7 | 43.5 | 140.9 | 1,693.6 | 4,597.3 | 3,798.8 |
| Payables turnover | — | — | — | — | 16.06 | 8.38 | 2.59 | 0.22 | 0.08 | 0.10 |
| Asset turnover | 0.12 | 0.08 | 0.01 | 0.01 | 0.10 | 0.06 | 0.07 | 0.08 | 0.07 | 0.06 |
| Average payables | — | — | — | — | $1.5M | $2.8M | $11.2M | $72.5M | $82.4M | $55.0M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from TPVG's annual financial statements (latest annual report filed March 4, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TPVG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), TriplePoint Venture Growth BDC traded at 5.4 times earnings, against a 10-year median of 9.9. Based on the latest twelve months, the trailing P/E is 4.5 and the forward P/E is 6.8. TriplePoint Venture Growth BDC earned a return on equity of 14.1% and a return on invested capital of 8.0% in fiscal 2025. It ended the year with $469.1 million of debt and $20.4 million in cash and short-term investments, net debt of $448.7 million. It returned $41.3 million to shareholders: $41.3 million in dividends and $0 in share buybacks. The share count rose 149.2% from 16.2M to 40.3M over 9 years.
See the TPVG income statement, the TPVG chart for price history, or the TPVG stock overview for the latest quote and news.
TPVG key metrics FAQ
What is TriplePoint Venture Growth BDC's P/E ratio?
TriplePoint Venture Growth BDC's trailing P/E ratio is 4.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.8. At the end of fiscal 2025 it was 5.4, compared with a 10-year median of 9.9.
What is TriplePoint Venture Growth BDC's EV/EBITDA?
TriplePoint Venture Growth BDC's enterprise value was 9.4 times EBITDA at the end of fiscal 2025 (enterprise value $712.1 million, EBITDA $75.7 million); the current EV/EBITDA is 9.2.
What is TriplePoint Venture Growth BDC's return on equity?
TriplePoint Venture Growth BDC's return on equity (ROE) was 14.1% in fiscal 2025: net income of $49.2 million on average shareholders' equity of $349.7 million.
What is TriplePoint Venture Growth BDC's ROIC?
TriplePoint Venture Growth BDC's return on invested capital was 8.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does TriplePoint Venture Growth BDC have?
TriplePoint Venture Growth BDC had total debt of $469.1 million at the end of fiscal 2025, a debt-to-equity ratio of 1.33 and $448.7 million of net debt (5.93 times EBITDA).
What is TriplePoint Venture Growth BDC's dividend yield?
TriplePoint Venture Growth BDC's forward dividend yield is 29.41%. TriplePoint Venture Growth BDC paid $41.3 million in dividends in fiscal 2025 ($1.02 per share), a payout ratio of 83.9%.
What is TriplePoint Venture Growth BDC's free cash flow yield?
TriplePoint Venture Growth BDC generated -$57.0 million of free cash flow in fiscal 2025, a free cash flow yield of −21.7% on its market value at year-end ($263.4 million).