TPG (FRA:B81) Beginning Cash Position: €726 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:B81 TPG Inc FRA:B81
69 GF Score
Price €41.87
GF Value €47.22
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is TPG Beginning Cash Position?

TPG FRA:B81 +1.18% 69 Beginning Cash Position is €726 Mil as of Mar. 2026. GuruFocus rates FRA:B81 with a GF Score™ of 69/100 and a GF Value™ of €47.22 (Modestly Undervalued). The stock has 4 warning signs investors should review.

TPG's Beginning Cash Position for the quarter that ended in Mar. 2026 was €726 Mil.

TPG's quarterly Beginning Cash Position declined from Sep. 2025 (€959 Mil) to Dec. 2025 (€934 Mil) and declined from Dec. 2025 (€934 Mil) to Mar. 2026 (€726 Mil).

TPG's annual Beginning Cash Position declined from Dec. 2023 (€1,028 Mil) to Dec. 2024 (€648 Mil) but then increased from Dec. 2024 (€648 Mil) to Dec. 2025 (€701 Mil).

TPG Beginning Cash Position Related Terms

TPG Beginning Cash Position Historical Data

* Premium members only.

The historical data trend for TPG's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TPG Beginning Cash Position Chart

TPG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial 771.15 930.66 1,027.64 647.84 701.30

TPG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 759.60 724.17 958.67 933.92 725.97
FRA:B81
69GF Score
TPG Inc FRA:B81
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TPG Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of €726 Mil mean?
TPG (FRA:B81) has a Beginning Cash Position of €726 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on TPG and its competitors.
Is TPG's Beginning Cash Position too high?
TPG's current Beginning Cash Position is €726 Mil. Overall, TPG has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPG's Beginning Cash Position compare to OWL and PDI?
TPG's Beginning Cash Position of €726 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for an Asset Management company?
A good Beginning Cash Position depends on the Asset Management industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on TPG and its competitors. TPG's current Beginning Cash Position is €726 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPG stock overvalued right now?
Based on GuruFocus' analysis, TPG (FRA:B81) is currently considered Modestly Undervalued. The stock's GF Value™ is €47.22, compared to a current price of €41.87 — trading 11.3% below its estimated fair value. The current Beginning Cash Position is €726 Mil. TPG's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For TPG (FRA:B81), the current Beginning Cash Position is €726 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TPG (FRA:B81) Overvalued in 2026?

Based on GuruFocus' analysis, TPG stock appears to be undervalued. The current stock price of €41.87 is trading 11.3% below its estimated GF Value™ of €47.22. GuruFocus considers TPG to be Modestly Undervalued.

Key valuation signals for FRA:B81:

  • Beginning Cash Position: €726 Mil
  • GF Value™: €47.22 vs. price of €41.87 (11.3% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the FRA:B81 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TPG Business Description

Address 301 Commerce Street, Suite 3300, Fort Worth, TX, USA, 76102
TPG Inc is an alternative asset management firm. It invests across five multi-product platforms, namely Capital, Growth, Impact, Real Estate, Market Solutions, and TPG Angelo Gordon. The company invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, market solutions, innovation, and inclusion.
69GF Score

Get the complete analysis for FRA:B81

Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€41.87
Price
€47.22
GF Value