SAJ
Saratoga Investment Corp 8.00%
Investment - Banking & Investment Services
Market Cap$414M
5Y Perf.+2.3%
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Stock Comparison
SAJ vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
TPVG
TriplePoint Venture Growth BDC Corp.
Asset Management
Market Cap$243M
5Y Perf.-55.4%
SAJ vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | SAJ | TPVG |
|---|---|---|
| Industry | Investment - Banking & Investment Services | Asset Management |
| Market Cap | $414M | $243M |
| Revenue (TTM) | $94M | $97M |
| Net Income (TTM) | $39M | $-12M |
| Gross Margin | 44.7% | 83.5% |
| Operating Margin | 33.9% | 77.9% |
| Forward P/E | 10.4x | 6.2x |
| Total Debt | $782M | $469M |
| Cash & Equiv. | $148M | $20M |
SAJ vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
SAJ
TPVG
| Stock | Nov 22 | May 26 | Return |
|---|---|---|---|
| Saratoga Investment… (SAJ) | 100 | 102.3 | +2.3% |
| TriplePoint Venture… (TPVG) | 100 | 44.6 | -55.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SAJ vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TPVG leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Saratoga Investment Corp 8.00% is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
SAJ
Saratoga Investment Corp 8.00%
The Banking Pick
SAJ is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 4 yrs, beta 0.73, yield 11.4%
- Lower volatility, beta 0.73, current ratio 27.93x
- Beta 0.73, yield 11.4%, current ratio 27.93x
Best for: income & stability and sleep-well-at-night
TPVG
TriplePoint Venture Growth BDC Corp.
The Banking Pick
TPVG carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 36.6%, EPS growth 48.8%
- 93.3% 10Y total return vs SAJ's 30.4%
- NIM 7.4% vs SAJ's 7.2%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TPVG | 36.6% NII/revenue growth vs SAJ's 35.4% |
| Value | TPVG | Lower P/E (6.2x vs 10.4x) |
| Quality / Margins | TPVG | Efficiency ratio 0.1% vs SAJ's 0.1% (lower = leaner) |
| Stability / Safety | SAJ | Beta 0.73 vs TPVG's 0.83 |
| Dividends | SAJ | 11.4% yield, 4-year raise streak, vs TPVG's 17.1% |
| Momentum (1Y) | TPVG | +19.3% vs SAJ's +7.9% |
| Efficiency (ROA) | TPVG | Efficiency ratio 0.1% vs SAJ's 0.1% |
SAJ vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTPVGLAGGINGSAJ
SAJSaratoga Investment C…
2leads
TPVGTriplePoint Venture G…
3leads
6 Total Categories
CATEGORYLEADERvs SAJMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
TPVG3/5
Valuation MetricsMultiples, price ratios, and targets
TPVG5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TPVG5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
SAJ4/6
Risk & VolatilityBeta, volatility, and downside exposure
SAJ2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
TPVG leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
TPVG and SAJ operate at a comparable scale, with $97M and $94M in trailing revenue. TPVG is the more profitable business, keeping 50.6% of every revenue dollar as net income compared to SAJ's 29.8%.
| Metric | SAJSaratoga Investme… | TPVGTriplePoint Ventu… |
|---|---|---|
| RevenueTrailing 12 months | $94M | $97M |
| EBITDAEarnings before interest/tax | $1.3B | -$22M |
| Net IncomeAfter-tax profit | $39M | -$12M |
| Free Cash FlowCash after capex | $23M | $35M |
| Gross MarginGross profit ÷ Revenue | +44.7% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +33.9% | +77.9% |
| Net MarginNet income ÷ Revenue | +29.8% | +50.6% |
| FCF MarginFCF ÷ Revenue | +2.1% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +15.6% | -2.3% |
TPVG leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
TPVG leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 4.9x trailing earnings, TPVG trades at a 61% valuation discount to SAJ's 12.7x P/E. On an enterprise value basis, TPVG's 9.1x EV/EBITDA is more attractive than SAJ's 32.8x.
| Metric | SAJSaratoga Investme… | TPVGTriplePoint Ventu… |
|---|---|---|
| Market CapShares × price | $414M | $243M |
| Enterprise ValueMkt cap + debt − cash | $1.0B | $691M |
| Trailing P/EPrice ÷ TTM EPS | 12.70x | 4.91x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.36x | 6.23x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.84x |
| EV / EBITDAEnterprise value multiple | 32.78x | 9.13x |
| Price / SalesMarket cap ÷ Revenue | 4.40x | 2.50x |
| Price / BookPrice ÷ Book value/share | 0.91x | 0.68x |
| Price / FCFMarket cap ÷ FCF | 2.10x | — |
TPVG leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
TPVG leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
SAJ delivers a 9.3% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $-3 for TPVG. TPVG carries lower financial leverage with a 1.33x debt-to-equity ratio, signaling a more conservative balance sheet compared to SAJ's 1.99x. On the Piotroski fundamental quality scale (0–9), SAJ scores 8/9 vs TPVG's 5/9, reflecting strong financial health.
| Metric | SAJSaratoga Investme… | TPVGTriplePoint Ventu… |
|---|---|---|
| ROE (TTM)Return on equity | +9.3% | -3.4% |
| ROA (TTM)Return on assets | +3.2% | -1.5% |
| ROICReturn on invested capital | +2.0% | +7.2% |
| ROCEReturn on capital employed | +2.7% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 |
| Debt / EquityFinancial leverage | 1.99x | 1.33x |
| Net DebtTotal debt minus cash | $634M | $449M |
| Cash & Equiv.Liquid assets | $148M | $20M |
| Total DebtShort + long-term debt | $782M | $469M |
| Interest CoverageEBIT ÷ Interest expense | 0.83x | -1.02x |
TPVG leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
SAJ leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SAJ five years ago would be worth $13,040 today (with dividends reinvested), compared to $8,649 for TPVG. Over the past 12 months, TPVG leads with a +19.3% total return vs SAJ's +7.9%. The 3-year compound annual growth rate (CAGR) favors SAJ at 8.1% vs TPVG's -1.2% — a key indicator of consistent wealth creation.
| Metric | SAJSaratoga Investme… | TPVGTriplePoint Ventu… |
|---|---|---|
| YTD ReturnYear-to-date | +2.3% | -6.3% |
| 1-Year ReturnPast 12 months | +7.9% | +19.3% |
| 3-Year ReturnCumulative with dividends | +26.3% | -3.4% |
| 5-Year ReturnCumulative with dividends | +30.4% | -13.5% |
| 10-Year ReturnCumulative with dividends | +30.4% | +93.3% |
| CAGR (3Y)Annualised 3-year return | +8.1% | -1.2% |
SAJ leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
SAJ leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
SAJ is the less volatile stock with a 0.73 beta — it tends to amplify market swings less than TPVG's 0.83 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SAJ currently trades 95.3% from its 52-week high vs TPVG's 79.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | SAJSaratoga Investme… | TPVGTriplePoint Ventu… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | 0.77x |
| 52-Week HighHighest price in past year | $26.92 | $7.53 |
| 52-Week LowLowest price in past year | $7.05 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +95.3% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 59.9 | 58.3 |
| Avg Volume (50D)Average daily shares traded | 2K | 504K |
SAJ leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — SAJ and TPVG each lead in 1 of 2 comparable metrics.
Analyst Outlook
For income investors, TPVG offers the higher dividend yield at 17.11% vs SAJ's 11.42%.
| Metric | SAJSaratoga Investme… | TPVGTriplePoint Ventu… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | $8.95 |
| # AnalystsCovering analysts | — | 12 |
| Dividend YieldAnnual dividend ÷ price | +11.4% | +17.1% |
| Dividend StreakConsecutive years of raises | 4 | 0 |
| Dividend / ShareAnnual DPS | $2.93 | $1.02 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Evenly matched — SAJ and TPVG each lead in 1 of 2 comparable metrics.
Key Takeaway
TPVG leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). SAJ leads in 2 (Total Returns, Risk & Volatility). 1 tied.
Best OverallTriplePoint Venture Growth … (TPVG)Leads 3 of 6 categories
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SAJ vs TPVG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SAJ or TPVG a better buy right now?
For growth investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger pick with 36. 6% revenue growth year-over-year, versus 35. 4% for Saratoga Investment Corp 8. 00% (SAJ). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 9x trailing P/E (6. 2x forward), making it the more compelling value choice. Analysts rate TriplePoint Venture Growth BDC Corp. (TPVG) a "Hold" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SAJ or TPVG?
On trailing P/E, TriplePoint Venture Growth BDC Corp.
(TPVG) is the cheapest at 4. 9x versus Saratoga Investment Corp 8. 00% at 12. 7x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 2x.
03Which is the better long-term investment — SAJ or TPVG?
Over the past 5 years, Saratoga Investment Corp 8.
00% (SAJ) delivered a total return of +30. 4%, compared to -13. 5% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: TPVG returned +91. 2% versus SAJ's +30. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SAJ or TPVG?
By beta (market sensitivity over 5 years), Saratoga Investment Corp 8.
00% (SAJ) is the lower-risk stock at 0. 74β versus TriplePoint Venture Growth BDC Corp. 's 0. 77β — meaning TPVG is approximately 3% more volatile than SAJ relative to the S&P 500. On balance sheet safety, TriplePoint Venture Growth BDC Corp. (TPVG) carries a lower debt/equity ratio of 133% versus 199% for Saratoga Investment Corp 8. 00% — giving it more financial flexibility in a downturn.
05Which is growing faster — SAJ or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus 35. 4% for Saratoga Investment Corp 8. 00% (SAJ). On earnings-per-share growth, the picture is similar: Saratoga Investment Corp 8. 00% grew EPS 184. 5% year-over-year, compared to 48. 8% for TriplePoint Venture Growth BDC Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SAJ or TPVG?
TriplePoint Venture Growth BDC Corp.
(TPVG) is the more profitable company, earning 50. 6% net margin versus 29. 8% for Saratoga Investment Corp 8. 00% — meaning it keeps 50. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 33. 9% for SAJ. At the gross margin level — before operating expenses — TPVG leads at 83. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SAJ or TPVG more undervalued right now?
On forward earnings alone, TriplePoint Venture Growth BDC Corp.
(TPVG) trades at 6. 2x forward P/E versus 10. 4x for Saratoga Investment Corp 8. 00% — 4. 1x cheaper on a one-year earnings basis.
08Which pays a better dividend — SAJ or TPVG?
All stocks in this comparison pay dividends.
TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 11. 4% for Saratoga Investment Corp 8. 00% (SAJ).
09Is SAJ or TPVG better for a retirement portfolio?
For long-horizon retirement investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 77), 17. 1% yield). Both have compounded well over 10 years (TPVG: +91. 2%, SAJ: +30. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SAJ and TPVG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(SAJ: 35.4% · TPVG: 36.6%)Net Margin>
%
(SAJ: 29.8% · TPVG: 50.6%)P/E Ratio<
x
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