Latest Ratios: P/E Ratio -2.2x · EV/EBITDA N/A · ROE -25.5%. (2010–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $64M | $87M | $108M | $81M | $52M | $75M | $48M | $80M | $84M | $115M | $205M |
| Enterprise Value | $251M | $275M | $298M | $220M | $204M | $208M | $111M | $195M | $156M | $143M | $138M |
| P/E Ratio → | -2.15 | — | 30.53 | 3.20 | — | — | — | — | — | — | — |
| P/S Ratio | 1.43 | 1.96 | 2.75 | 2.26 | 2.12 | 2.98 | 2.09 | 2.95 | 3.01 | 3.86 | 23.42 |
| P/B Ratio | 0.61 | 0.77 | 0.79 | 0.82 | 0.61 | 1.01 | 0.60 | 0.92 | 0.80 | 1.21 | 1.00 |
| P/FCF | — | — | — | 5.26 | — | — | 1.75 | — | — | — | 23.47 |
| P/OCF | — | — | — | 5.26 | — | — | 1.75 | — | — | — | 23.47 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.17 | 7.58 | 6.15 | 8.37 | 8.24 | 4.85 | 7.21 | 5.61 | 4.81 | 15.80 |
| EV / EBITDA | — | — | 83.84 | 8.69 | — | — | — | — | — | — | 5.49 |
| EV / EBIT | — | — | 83.84 | 8.69 | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | 14.31 | — | — | 4.05 | — | — | — | 15.84 |
Margins and return-on-capital ratios measuring operating efficiency
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.4% | 76.4% | 25.4% | 88.8% | -60.4% | -20.2% | -121.0% | -14.6% | -17.3% | -0.7% | -0.0% |
| Operating Margin | -28.8% | -28.8% | 9.0% | 70.7% | -63.8% | -40.7% | -139.6% | -27.9% | -32.4% | -9.3% | 68.3% |
| Net Profit Margin | -71.5% | -71.5% | 9.0% | 70.7% | -63.8% | -40.7% | -139.6% | -27.9% | -32.4% | -9.3% | -203.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -25.5% | -25.5% | 3.0% | 27.6% | -19.6% | -13.3% | -38.4% | -7.9% | -9.1% | -1.8% | -12.5% |
| ROA | -9.3% | -9.3% | 1.2% | 9.1% | -4.2% | -2.9% | -11.1% | -2.6% | -3.5% | -1.2% | -10.1% |
| ROIC | -3.1% | -3.1% | 0.9% | 8.0% | -5.1% | -3.7% | -11.9% | -2.9% | -4.4% | -1.3% | 2.8% |
| ROCE | -4.0% | -4.0% | 1.2% | 10.5% | -6.7% | -4.8% | -15.1% | -3.7% | -4.9% | -1.5% | 3.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.68 | 1.68 | 1.39 | 1.42 | 1.81 | 1.90 | 1.45 | 1.38 | 0.73 | 0.33 | 0.00 |
| Debt / EBITDA | — | — | 53.39 | 5.53 | — | — | — | — | — | — | 0.01 |
| Net Debt / Equity | — | 1.66 | 1.39 | 1.41 | 1.80 | 1.78 | 0.79 | 1.33 | 0.69 | 0.30 | -0.33 |
| Net Debt / EBITDA | — | — | 53.39 | 5.50 | — | — | — | — | — | — | -2.65 |
| Debt / FCF | — | — | — | 9.05 | — | — | 2.30 | — | — | — | -7.63 |
| Interest Coverage | -0.70 | -0.70 | 0.24 | 2.50 | -1.66 | -1.15 | -4.01 | -1.11 | -1.77 | -0.97 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.05 | 0.05 | 0.76 | 1.20 | 0.13 | 0.07 | 0.72 | 0.10 | 1.10 | 0.13 | 2.82 |
| Quick Ratio | 0.05 | 0.05 | 0.76 | 1.20 | 0.13 | 0.07 | 0.72 | 0.10 | 1.10 | 0.13 | 2.82 |
| Cash Ratio | 0.05 | 0.05 | — | 0.23 | 0.01 | 0.04 | 0.68 | 0.06 | 0.05 | 0.04 | 2.30 |
| Asset Turnover | — | 0.13 | 0.11 | 0.15 | 0.08 | 0.06 | 0.08 | 0.09 | 0.10 | 0.12 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 28.1% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 424.3% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.3% | 31.3% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 19.0% | — | — | 57.2% | — | — | — | 4.3% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 28.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $12M | $10M | $8M | $6M | $4M | $2M | $2M | $2M | $2M | $3M |
Portfolio credit impairment risk
Based on reported financial data, GECC trades at a price-to-book ratio of 0.61, which suggests that the market is applying a significant discount to the firm's net asset value due to persistent concerns regarding the quality and liquidity of its underlying lower middle market debt portfolio.
The current P/B multiple indicates that investors are pricing in potential future write-downs of Level 3 assets rather than trusting the stated NAV. This valuation gap appears structural, as the market remains skeptical of the firm's ability to generate consistent earnings power relative to its peers.
As reported in recent financial statements, GECC's net margin has plummeted to -71.47%, a figure that highlights the severe impact of unrealized asset depreciation and high fixed costs on the company's ability to maintain core profitability in the current high-interest rate environment.
The extreme volatility in gross margins, which swung from 123.7% in 2025Q4 to -72.1% in 2026Q1, suggests that the firm's earnings are currently driven by non-recurring valuation adjustments. This instability makes traditional profitability metrics unreliable for assessing the underlying health of the investment book.
According to historical performance data, GECC's ROE has deteriorated to -0.7% as of 2026Q1, reflecting a consistent decay in the firm's ability to compound capital effectively while navigating the idiosyncratic risks inherent in its specialized media and telecommunications debt investments.
The decline in ROIC suggests that the firm is struggling to deploy capital into assets that generate returns exceeding the cost of its own leverage. This trend warrants further investigation into whether the current underwriting standards are sufficient to offset the inherent risks of the micro-cap segment.
Based on the reported debt-to-equity ratio of 1.57, GECC's leverage appears moderate on the surface, yet the negative interest coverage ratio of -0.20 suggests that the firm is facing significant challenges in servicing its debt obligations from core operational cash flows.
The reliance on balance sheet liquidity to fund operations and dividends, rather than interest income, indicates a precarious financial position. Investors should monitor the firm's ability to refinance existing debt facilities, as any restriction in credit access could exacerbate the current liquidity crunch.
As evidenced by the reported 28.1% dividend yield, investors frequently misapply this metric to GECC, failing to recognize that such high yields often signal a market-priced expectation of dividend cuts rather than a sustainable return on investment for long-term shareholders.
The dividend yield obscures the underlying erosion of the NAV and the firm's inability to cover distributions through net investment income. A more appropriate metric for this business model would be the 'Net Investment Income per share' adjusted for non-cash PIK income, which provides a clearer view of cash-pay sustainability.
Includes 30+ ratios · 16 years · Updated daily
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Quick answers to the most common questions about buying GECC stock.
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