TriplePoint Venture Growth BDCTPVG -2.64%26 Return-on-Tangible-Asset is 2.99% as of Mar. 2026, which is 35% below its 10-year median of 4.62. GuruFocus rates TPVG with a GF Score™ of 26/100. The stock has 4 warning signs investors should review. Among 1,635 Asset Management companies, TriplePoint Venture Growth BDC ranks better than 55.29% on this metric.
The historical rank and industry rank for TriplePoint Venture Growth BDC's Return-on-Tangible-Asset or its related term are showing as below:
TPVG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4 Med: 4.62 Max: 9.5
Current: 5.33
During the past 13 years, TriplePoint Venture Growth BDC's highest Return-on-Tangible-Asset was 9.50%. The lowest was -4.00%. And the median was 4.62%.
TPVG's Return-on-Tangible-Asset is ranked better than 55.29% of 1635
companies
in the Asset Management industry
Industry Median: 4.13
vs TPVG: 5.33
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
TriplePoint Venture Growth BDC Return-on-Tangible-Asset Related Terms
TriplePoint Venture Growth BDC Return-on-Tangible-Asset Historical Data
* 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.
TPVG vs NRO, OPP, WIA: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, TriplePoint Venture Growth BDC's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, TriplePoint Venture Growth BDC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TriplePoint Venture Growth BDC's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.99% mean?
TriplePoint Venture Growth BDC (TPVG) has a Return-on-Tangible-Asset of 2.99% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TriplePoint Venture Growth BDC and its competitors. This is 35% below median its historical median of 4.62. According to the industry distribution chart, TriplePoint Venture Growth BDC ranks #731 out of 1635 companies in the Asset Management industry, placing it in the top 44.7%.
Is TriplePoint Venture Growth BDC's Return-on-Tangible-Asset too high?
TriplePoint Venture Growth BDC's current Return-on-Tangible-Asset of 2.99% is 35% below median its 10-year median of 4.62. The Asset Management industry median Return-on-Tangible-Asset is 4.13. TriplePoint Venture Growth BDC's value of 2.99% is 27.6% below this industry median. Based on the distribution chart, TriplePoint Venture Growth BDC ranks #731 out of 1635 companies in the Asset Management industry, which is above the industry midpoint. 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 Return-on-Tangible-Asset compare to NRO and OPP?
According to the Asset Management industry distribution chart, TriplePoint Venture Growth BDC ranks #731 out of 1635 companies for Return-on-Tangible-Asset. This puts TriplePoint Venture Growth BDC in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.13. TriplePoint Venture Growth BDC's value of 2.99% is 27.6% below this benchmark. While the company's 10-year median is 4.62 vs. the industry median of 4.13, 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 Return-on-Tangible-Asset for an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.13, based on 1,635 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TriplePoint Venture Growth BDC's current Return-on-Tangible-Asset of 2.99% is 27.6% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TriplePoint Venture Growth BDC and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TriplePoint Venture Growth BDC's current Return-on-Tangible-Asset is 2.99%, which is 35% below median its own 10-year median of 4.62. 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 Return-on-Tangible-Asset of 2.99%. The current Return-on-Tangible-Asset is 2.99%, which is 35% below median its 10-year median of 4.62 and 27.6% below the Asset Management industry median of 4.13. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For TriplePoint Venture Growth BDC (TPVG), the current Return-on-Tangible-Asset is 2.99% 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.
TriplePoint Venture Growth BDC Business Description
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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