What this is
Who most likely made the 'estimate' behind TPCi's $15.70bn in License Global's 2026 ranking: probably TPCi itself, submitting a figure it labelled as an estimate, which License Global then verified.
How it’s built
- The (E) on TPCi's row can mean a company estimate or the publisher's own.
- License Global's separate tag for its own estimates is on 8 profiles but not TPCi's, and $15.70bn is $3.7bn above TPCi's previous $12bn, so it is not carried forward. TPCi submitted its own figure in each of the four earlier years.
What we assumed
- License Global still tags every estimate it makes itself.It did so in its 2024 and 2025 editions; if it stopped, the (E) could be the publisher's.
Sanity check
The report never says who supplied the figure, and an untagged publisher estimate cannot be ruled out from the text.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- FiledLegend (E) definition, 2025 (LG 2026 ed.)
- ReportedCarry forward test 2025 against 2024, 2024-2025
- ReportedE marker composition 2026 ed, LG 2026 ed. (2025)
- Estimate(E) attribution convention LG only estimates flagged on company page, LG 2024 ed. (2023) and 2025 ed. (2024) whitepapers
- ReportedTPCi LG submission record 2021 2025, 2021-2025
Show the working
- (E) present, editorial-estimate tag absent, figure not carried forward => company-submitted estimate