Gladstone Investment Corporation (GAINI) Financial Ratios
6 years of historical data (2020–2025) · Financial Services · Asset Management
EV/EBITDA
12.67
+7% vs avg
5yr avg: 11.89
30Y Low11.9·High11.9
P/FCF
11.87
+9% vs avg
5yr avg: 10.85
30Y Low10.9·High10.9
P/B Ratio
1.91
+1% vs avg
5yr avg: 1.89
30Y Low1.9·High1.9
ROE
↑
17.3%
↓+53% vs avg
5yr avg: 11.3%
30Y Low-2%·High23%
Debt/EBITDA
↓
3.57
↓-45% vs avg
5yr avg: 6.51
30Y Low2.4·High14.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GAINI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Gladstone Investment Corporation trades at 14.4x earnings, roughly in line with its 5-year average of 14.3x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 10%. On a free-cash-flow basis, the stock trades at 11.9x P/FCF, 9% above the 5-year average of 10.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $1.0B | $933M | — | — | — | — | — |
| Enterprise Value | $1.4B | $1.3B | — | — | — | — | — |
| P/E Ratio → | 14.40 | 14.27 | — | — | — | — | — |
| P/S Ratio | 8.69 | 7.94 | — | — | — | — | — |
| P/B Ratio | 1.91 | 1.89 | — | — | — | — | — |
| P/FCF | 11.87 | 10.85 | — | — | — | — | — |
| P/OCF | 11.87 | 10.85 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
GAINI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Gladstone Investment Corporation's enterprise value stands at 12.7x EBITDA, 7% above its 5-year average of 11.9x. The Financial Services sector median is 11.5x, placing the stock at a 11% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.30 | — | — | — | — | — |
| EV / EBITDA | 12.67 | 11.89 | — | — | — | — | — |
| EV / EBIT | 12.67 | 11.89 | — | — | — | — | — |
| EV / FCF | — | 15.45 | — | — | — | — | — |
GAINI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Gladstone Investment Corporation earns an operating margin of 95.0%, significantly above the Financial Services sector average of 21.6%. Operating margins have compressed from 140.6% to 95.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.3% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 9.4% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 109.4% | 109.4% | 89.7% | 83.1% | 73.2% | 44.7% | 70.9% |
| Operating Margin | 95.0% | 95.0% | 57.7% | 140.6% | 85.3% | 15.8% | 85.3% |
| Net Profit Margin | 72.6% | 72.6% | 38.5% | 120.4% | 63.2% | -6.8% | 63.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 17.3% | 17.3% | 7.6% | 23.1% | 10.3% | -1.9% | 11.1% |
| ROA | 9.1% | 9.1% | 4.2% | 13.6% | 6.1% | -1.1% | 6.6% |
| ROIC | 9.4% | 9.4% | 4.9% | 12.5% | 6.4% | 2.0% | — |
| ROCE | 11.9% | 11.9% | 6.2% | 15.9% | 8.3% | — | — |
GAINI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Gladstone Investment Corporation carries a Debt/EBITDA ratio of 3.6x, which is moderately leveraged (14% below the sector average of 4.1x). Net debt stands at $395M ($398M total debt minus $3M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.81 | 0.81 | 0.81 | 0.67 | 0.59 | 0.64 | 0.64 |
| Debt / EBITDA | 3.57 | 3.57 | 7.48 | 2.45 | 4.56 | 14.47 | 4.25 |
| Net Debt / Equity | — | 0.80 | 0.80 | 0.66 | 0.55 | 0.63 | 0.63 |
| Net Debt / EBITDA | 3.54 | 3.54 | 7.42 | 2.42 | 4.31 | 14.33 | 4.21 |
| Debt / FCF | — | 4.60 | 4.60 | 3.76 | 3.17 | 5.38 | 5.38 |
| Interest Coverage | — | — | — | — | — | — | — |
GAINI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — | — | — |
| Cash Ratio | — | — | — | — | — | — | — |
| Asset Turnover | — | 0.13 | 0.10 | 0.11 | 0.09 | 0.17 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
GAINI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Gladstone Investment Corporation returns 8.1% to shareholders annually primarily through dividends. The earnings yield of 6.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 8.1% | 8.2% | — | — | — | — | — |
| Payout Ratio | — | — | 214.0% | 46.0% | 91.5% | — | 72.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 7.0% | — | — | — | — | — |
| FCF Yield | 8.4% | 9.2% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 8.1% | 8.2% | — | — | — | — | — |
| Shares Outstanding | — | $37M | $34M | $33M | $33M | $33M | $33M |
Peer Comparison
Compare GAINI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GAINIYou | $1B | 14.4 | 12.7 | 11.9 | 109.4% | 95.0% | 17.3% | 9.4% | 3.6 |
 GAIN | $657M | 9.3 | 16.8 | 5.8 | 68.6% | 72.7% | 13.2% | 5.3% | 7.0 |
 TPVG | $243M | 4.9 | 9.1 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 CSWC | $1B | 16.3 | 27.4 | — | 66.5% | 48.5% | 8.6% | 3.5% | 11.2 |
 MRCC | $110M | 9.6 | — | 0.9 | 60.8% | 51.7% | 6.4% | 2.0% | 17.4 |
 PFLT | $888M | 12.4 | 37.7 | 9.3 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
 SLRC | $745M | 8.0 | 11.5 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 HRZN | $199M | 4.3 | — | 3.5 | 18.0% | -4.0% | -0.8% | -0.2% | — |
 ARCC | $14B | 10.2 | 13.1 | 11.9 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 FSCO | $1B | 5.4 | 6.5 | 15.2 | 81.3% | 77.5% | 13.5% | 8.1% | 2.3 |
 GBDC | $3B | 9.3 | 12.1 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonGAINI — Frequently Asked Questions
Quick answers to the most common questions about buying GAINI stock.
What is Gladstone Investment Corporation's P/E ratio?
Gladstone Investment Corporation's current P/E ratio is 14.4x. The historical average is 14.3x. This places it at the 100th percentile of its historical range.
What is Gladstone Investment Corporation's EV/EBITDA?
Gladstone Investment Corporation's current EV/EBITDA is 12.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
What is Gladstone Investment Corporation's ROE?
Gladstone Investment Corporation's return on equity (ROE) is 17.3%. The historical average is 11.3%.
Is GAINI stock overvalued?
Based on historical data, Gladstone Investment Corporation is trading at a P/E of 14.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Gladstone Investment Corporation's dividend yield?
Gladstone Investment Corporation's current dividend yield is 8.08%.
What are Gladstone Investment Corporation's profit margins?
Gladstone Investment Corporation has 109.4% gross margin and 95.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Gladstone Investment Corporation have?
Gladstone Investment Corporation's Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.