TW Piscis Austrini (also known as Fomalhaut B) is a main sequence star in the constellation Piscis Austrinus. It lies relatively close to the Sun, at an estimated distance of 24.8 ly. To an observer on Earth the star is visually separated from its larger companion Fomalhaut (A) by 2 degrees—the width of four full moons. The name TW Piscis Austrini is a variable star designation. This is a variable star of the type known as a BY Draconis variable, with surface brightness variations causing the changes as the star rotates. It varies slightly in apparent magnitude, ranging from 6.44 to 6.51 over a 10.3-day period. TW Piscis Austrini lies within a light-year of Fomalhaut. Due to sharing the same proper motion, and the same estimated age of approximately 440 ± 40 million years, astronomers now consider them to be elements of a multiple star system. A third star, dimmer and more widely separated, Fomalhaut C, gives the system the widest visual separation, to observers from Earth, at approximately 6 degrees.

Planetary system

In 2019, an exoplanet candidate around Fomalhaut B was detected by astrometry, but this remains unconfirmed.