Stock fact sheet · data as of
TriplePoint Venture Growth BDC Corp. (TPVG): fair value, margin of safety and Wheel Score
Ticker symbol TPVG · Financial Services · Asset Management · United States · Blend Income
Is TPVG undervalued?
TriplePoint Venture Growth BDC Corp. (TPVG) closed at 4.67 on 5 Nov 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 27.39, which puts the price 83% below it. 7 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between Lynch (2.99) and Payback Time (74.01). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for TPVG, so the nightly engine files it under Blend (value score 91, growth score 87, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for TPVG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 11.85 | +154% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 12.06 | +158% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.99 | -36% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 45.77 | +880% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 49.43 | +958% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 74.01 | +1485% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 14.71 | +215% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 8.31 | +78% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -11.44 | -345% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 5.00 | +7% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
TriplePoint Venture Growth BDC Corp. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 4.9/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 6.0%, ROE 13.9%, ROA 5.9% - with debt at 1.33 times equity and a free-cash-flow yield of 52.8%.
The dividend yield is high at 21.41% (payout ratio 147%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 1/10, insider activity 8/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 18 Sep 2026.
| Piotroski F-score | 6 / 9 | ROIC | 6.0% |
|---|---|---|---|
| GLS Moat | 4.9 / 10 | ROE | 13.9% |
| Debt / equity | 1.33 | ROA | 5.9% |
| Free-cash-flow yield | 52.8% | Payout ratio | 147% |
| Institutions | 1 / 10 | Insiders · Congress | 8 · 5 / 10 |
Wheel Score 44: Weak
With a Wheel Score of 44 TriplePoint Venture Growth BDC Corp. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (1,045 open interest, 25 a day); and filter 8, big enough - market cap $190M (under $1.0B); and filter 9, not a penny stock - price 4.67 (under $5); Option trading (weak) is its weakest part.
Implied volatility is 37% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,045 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 216k shares a day on a market cap of $190M, with a beta of 1.43 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (1,045 open interest, 25 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $190M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 4.67 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 83% below fair value | |
| Premium | Strong | implied volatility 37% | |
| Moat | Fair | moat 4.9/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Weak | Red Flags score 65/100 | |
| Option trading | Weak | 25 contracts a day, 1,045 open interest | |
| Stability | Fair | beta 1.43, $190M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for TPVG in the nightly calendar. The next ex-dividend date is 16 Dec 2026 (0.2900 per share).
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to TriplePoint Venture Growth BDC Corp. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BANX ArrowMark Financial Corp. | 19.79 | 34.66 | +43% | 43Weak | $192M |
| FT Franklin Universal Trust | 7.42 | 15.23 | +51% | 30No options | $187M |
| AHTPX American Beacon AHL TargetRisk Fund - Investor Class | 11.20 | 15.69 | +29% | 25No options | $195M |
| SILVX SGI U.S. Large Cap Equity Fund Class I | 20.42 | 11.72 | -74% | 11No options | $195M |
| ASMOX AQR Small Cap Momentum Style Fund Class I | 24.22 | - | - | 13No options | $185M |
| PROVX Provident Trust Strategy Fund | 19.84 | 269.79 | +93% | 26No options | $184M |
| ADGZX AB Core Opportunities Fund | 28.38 | 38.75 | +27% | 24No options | $184M |
| VPV Invesco Pennsylvania Value Municipal Income Trust | 10.99 | 9.74 | -13% | 14No options | $196M |
| RYPMX Rydex Precious Metals Inv | 268.24 | 8,220.37 | +97% | 25No options | $184M |
| WHG Westwood Holdings Group, Inc. | 19.24 | 25.81 | +25% | 48Weak | $182M |
| WHF WhiteHorse Finance, Inc. | 8.47 | 19.74 | +57% | 48Weak | $182M |
| WHFCL WhiteHorse Finance, Inc. 7.875% Notes due 2028 | 25.21 | 28.82 | +13% | 20No options | $182M |
⚖ Compare TPVG with 7 of them All Financial Services stocks →
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about TPVG
Is TPVG undervalued right now?
By the GLS models, yes: at 4.67 the stock is 83% below the average fair value of 27.39 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TPVG and what does it mean?
TPVG scores 44 out of 100 (Weak) - it fails Wheel Trade Filters 1, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for TPVG?
27.39 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does TriplePoint Venture Growth BDC Corp. report earnings next?
No upcoming earnings date is recorded for TPVG in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does TPVG have listed options, and how liquid are they?
Yes. The nightly snapshot found 4 listed contracts with 1,045 open interest across all expiries and implied volatility of 37% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.