TPB

Turning Point Brands, Inc.

Consumer Defensive · $1.2B market cap

Verdict

Share price

$55.64

close of Oct 3, 2026

Fair value

$33.54

Sticker Price

Payback Price

$13.42

buy price

Overpriced

TPB is Overpriced: at $55.64 it trades 66% above its fair value of $33.54. Its buy price (Payback Price) is $13.42, 76% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 13% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth12.3% a year✓
Equity per share growth19.6% a year✓
Sales growth6.9% a year✗
Free cash flow growth14.0% a year✓
Return on invested capital11.6%✓

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Superinvestors

1 of the investors we track holds TPB. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Lee Ainslie

About Turning Point Brands, Inc.

Turning Point Brands, Inc., along with its affiliated companies, is engaged in the creation, promotion, and distribution of a diverse array of branded consumer products. Its operations are structured into three distinct divisions: Zig-Zag Products, Stoker's Products, and NewGen Products. The Zig-Zag Products division focuses on the marketing and distribution of rolling papers, cigarette tubes, pre-rolled cigars…

Tobacco

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works