TPVG (TriplePoint Venture Growth BDC) Cyclically Adjusted PS Ratio: 2.96 (As of Jul. 07, 2026) — 36% Below Median


TPVG TriplePoint Venture Growth BDC Corp TPVG
26 GF Score
Price $4.79
! 4 Warning Signs
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What is TriplePoint Venture Growth BDC Cyclically Adjusted PS Ratio?

TriplePoint Venture Growth BDC TPVG -2.64% 26 Cyclically Adjusted PS Ratio is 2.96 as of Jul. 07, 2026, which is 36% below its 10-year median of 4.61. GuruFocus rates TPVG with a GF Score™ of 26/100. The stock has 4 warning signs investors should review. Among 905 Asset Management companies, TriplePoint Venture Growth BDC ranks better than 76.46% on this metric.

As of today (2026-07-07), TriplePoint Venture Growth BDC's current share price is $4.79. TriplePoint Venture Growth BDC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $1.62. TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio for today is 2.96.

The historical rank and industry rank for TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPVG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.9   Med: 4.61   Max: 7.13
Current: 3.03

During the past years, TriplePoint Venture Growth BDC's highest Cyclically Adjusted PS Ratio was 7.13. The lowest was 2.90. And the median was 4.61.

TPVG's Cyclically Adjusted PS Ratio is ranked better than
76.46% of 905 companies
in the Asset Management industry
Industry Median: 7.6 vs TPVG: 3.03

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

TriplePoint Venture Growth BDC's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.185. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $1.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TriplePoint Venture Growth BDC  (NYSE:TPVG) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


TriplePoint Venture Growth BDC Cyclically Adjusted PS Ratio Related Terms


TriplePoint Venture Growth BDC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio 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.

TriplePoint Venture Growth BDC Cyclically Adjusted PS Ratio Chart

TriplePoint Venture Growth BDC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 6.73 4.75 4.28

TriplePoint Venture Growth BDC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio 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 4.49 4.57 3.79 4.28 3.08

TPVG vs NRO, OPP, WIA: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TriplePoint Venture Growth BDC Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio falls into.


TPVG
26GF Score
TriplePoint Venture Growth BDC Corp TPVG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TriplePoint Venture Growth BDC Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.79/1.62
=2.96

* 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.

TriplePoint Venture Growth BDC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, TriplePoint Venture Growth BDC's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.185/330.2130*330.2130
=0.185

Current CPI (Mar. 2026) = 330.2130.

TriplePoint Venture Growth BDC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.115 241.018 0.158
201609 0.812 241.428 1.111
201612 0.537 241.432 0.734
201703 0.327 243.801 0.443
201706 0.598 244.955 0.806
201709 0.415 246.819 0.555
201712 0.331 246.524 0.443
201803 0.545 249.554 0.721
201806 0.577 251.989 0.756
201809 0.589 252.439 0.770
201812 0.461 251.233 0.606
201903 0.518 254.202 0.673
201906 1.033 256.143 1.332
201909 -0.274 256.759 -0.352
201912 0.343 256.974 0.441
202003 -0.097 258.115 -0.124
202006 0.770 257.797 0.986
202009 0.526 260.280 0.667
202012 0.253 260.474 0.321
202103 0.472 264.877 0.588
202106 0.485 271.696 0.589
202109 1.337 274.310 1.609
202112 0.528 278.802 0.625
202203 0.264 287.504 0.303
202206 -0.382 296.311 -0.426
202209 0.093 296.808 0.103
202212 -0.253 296.797 -0.281
202303 0.285 301.836 0.312
202306 -0.511 305.109 -0.553
202309 0.164 307.789 0.176
202312 -0.683 306.746 -0.735
202403 0.305 312.332 0.322
202406 0.300 314.175 0.315
202409 0.651 315.301 0.682
202412 -0.090 315.605 -0.094
202503 0.398 319.799 0.411
202506 0.376 322.561 0.385
202509 0.411 324.800 0.418
202512 0.240 324.054 0.245
202603 0.185 330.213 0.185

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 2.96 mean?
TriplePoint Venture Growth BDC (TPVG) has a Cyclically Adjusted PS Ratio of 2.96 as of Jul. 07, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on TriplePoint Venture Growth BDC and its competitors. This is 36% below median its historical median of 4.61. Over the past decade, TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio has ranged from 2.90 to 7.13. According to the industry distribution chart, TriplePoint Venture Growth BDC ranks #213 out of 905 companies in the Asset Management industry, placing it in the top 23.5%.
Is TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio too high?
TriplePoint Venture Growth BDC's current Cyclically Adjusted PS Ratio of 2.96 is 36% below median its 10-year median of 4.61. Over the past 10 years, this metric has ranged from a low of 2.90 to a high of 7.13. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.60. TriplePoint Venture Growth BDC's value of 2.96 is 61.1% below this industry median. Based on the distribution chart, TriplePoint Venture Growth BDC ranks #213 out of 905 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, TriplePoint Venture Growth BDC has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does TriplePoint Venture Growth BDC's Cyclically Adjusted PS Ratio compare to NRO and OPP?
According to the Asset Management industry distribution chart, TriplePoint Venture Growth BDC ranks #213 out of 905 companies for Cyclically Adjusted PS Ratio. This places TriplePoint Venture Growth BDC in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.60. TriplePoint Venture Growth BDC's value of 2.96 is 61.1% below this benchmark. Historically, TriplePoint Venture Growth BDC's own Cyclically Adjusted PS Ratio has ranged from 2.90 to 7.13 over the past decade. While the company's 10-year median is 4.61 vs. the industry median of 7.60, TriplePoint Venture Growth BDC has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.60, based on 905 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TriplePoint Venture Growth BDC's current Cyclically Adjusted PS Ratio of 2.96 is 61.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on TriplePoint Venture Growth BDC and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TriplePoint Venture Growth BDC's current Cyclically Adjusted PS Ratio is 2.96, which is 36% below median its own 10-year median of 4.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TriplePoint Venture Growth BDC stock overvalued right now?
TriplePoint Venture Growth BDC (TPVG) has a current Cyclically Adjusted PS Ratio of 2.96. The current Cyclically Adjusted PS Ratio is 2.96, which is 36% below median its 10-year median of 4.61 and 61.1% below the Asset Management industry median of 7.60. TriplePoint Venture Growth BDC's overall GF Score™ is 26/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For TriplePoint Venture Growth BDC (TPVG), the current Cyclically Adjusted PS Ratio is 2.96 as of Jul. 07, 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.

TriplePoint Venture Growth BDC Business Description

Other Exchanges 6JS:Germany
Address 2755 Sand Hill Road, Suite 150, Menlo Park, CA, USA, 94025
TriplePoint Venture Growth BDC Corp is a closed-end, non-diversified management investment company. Its investment objective is to maximize its total return to stockholders in the form of current income and, to a lesser extent, capital appreciation. The fund focuses on companies operating in the fields of biofuels, business applications software, wireless communications equipment, e-commerce, clothing and accessories, conferencing equipment and services, personal goods, financial institutions and services, entertainment, mixed retailing, and healthcare services. Geographically, all the firm's operations are located across the United States.
26GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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