Gladstone Capital Corporation (GLAD) Financial Ratios
25 years of historical data (2001–2025) · Financial Services · Asset Management
EV/EBITDA
↓
6.44
↓-54% vs avg
5yr avg: 14.06
30Y Low7.0·High69.3
P/FCF
↓
9.68
↓-89% vs avg
5yr avg: 86.52
30Y Low3.1·High161.7
P/B Ratio
↓
0.88
↓-14% vs avg
5yr avg: 1.02
30Y Low0.9·High3.5
ROE
↓
12.1%
↑-26% vs avg
5yr avg: 16.4%
30Y Low-9%·High31%
Debt/EBITDA
↑
3.25
↓-52% vs avg
5yr avg: 6.72
30Y Low1.0·High30.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GLAD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Gladstone Capital Corporation trades at 7.3x earnings, 12% below its 5-year average of 8.3x, sitting at the 15th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 46%. On a free-cash-flow basis, the stock trades at 9.7x P/FCF, 89% below the 5-year average of 86.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $422M | $496M | $524M | $360M | $292M | $376M | $230M | $285M | $257M | $242M | $189M |
| Enterprise Value | $788M | $861M | $846M | $659M | $629M | $612M | $449M | $392M | $476M | $423M | $325M |
| P/E Ratio → | 7.33 | 8.58 | 5.54 | 8.42 | 14.64 | 4.46 | — | 14.34 | 13.77 | 14.07 | 16.59 |
| P/S Ratio | 2.92 | 3.42 | 4.36 | 5.46 | 8.83 | 3.85 | 28.38 | 8.83 | 8.95 | 9.92 | 9.07 |
| P/B Ratio | 0.88 | 1.03 | 1.09 | 0.88 | 0.92 | 1.18 | 0.98 | 1.14 | 1.09 | 1.10 | 0.94 |
| P/FCF | 9.68 | 11.36 | 161.68 | — | — | — | — | 30.84 | — | — | 3.14 |
| P/OCF | 9.68 | 11.36 | 161.68 | — | — | — | — | 30.84 | — | — | 3.14 |
P/E links to full P/E history page with 30-year chart
GLAD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Gladstone Capital Corporation's enterprise value stands at 6.4x EBITDA, 54% below its 5-year average of 14.1x. The Financial Services sector median is 11.4x, placing the stock at a 43% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.95 | 7.04 | 10.02 | 19.05 | 6.27 | 55.42 | 12.14 | 16.53 | 17.34 | 15.63 |
| EV / EBITDA | 6.44 | 7.04 | 8.93 | 15.45 | 31.59 | 7.26 | — | 19.75 | 25.50 | 24.65 | 28.60 |
| EV / EBIT | 9.80 | 10.71 | 8.93 | 15.45 | 31.59 | 7.26 | — | 19.75 | 25.50 | 24.65 | 28.60 |
| EV / FCF | — | 19.74 | 261.19 | — | — | — | — | 42.41 | — | — | 5.42 |
GLAD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Gladstone Capital Corporation earns an operating margin of 55.5%, significantly above the Financial Services sector average of 20.3%. Operating margins have compressed from 64.8% to 55.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.1% is modest. ROIC of 7.2% represents adequate returns on invested capital versus a sector median of 5.5%.
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.3% | 87.3% | 81.9% | 68.3% | 60.7% | 88.2% | -23.3% | 75.1% | 79.6% | 87.4% | 86.1% |
| Operating Margin | 55.5% | 55.5% | 78.8% | 64.8% | 60.3% | 86.4% | -23.1% | 61.5% | 64.8% | 70.4% | 54.7% |
| Net Profit Margin | 40.1% | 40.1% | 78.8% | 64.8% | 60.3% | 86.4% | -23.1% | 61.5% | 64.8% | 70.4% | 54.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.1% | 12.1% | 21.3% | 11.8% | 6.3% | 30.5% | -0.8% | 8.2% | 8.2% | 8.2% | 5.8% |
| ROA | 6.8% | 6.8% | 12.4% | 6.2% | 3.2% | 16.4% | -0.4% | 4.8% | 4.9% | 4.9% | 3.2% |
| ROIC | 7.2% | 7.2% | 9.4% | 4.7% | 2.5% | 12.5% | -0.3% | 3.6% | 3.2% | 3.4% | 2.2% |
| ROCE | 9.4% | 9.4% | 12.8% | 7.2% | 3.9% | 20.0% | -0.5% | 6.1% | 6.6% | 6.4% | 4.4% |
GLAD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Gladstone Capital Corporation carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (24% below the sector average of 4.3x). Net debt stands at $365M ($398M total debt minus $32M cash). Interest coverage of 4.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.83 | 0.83 | 0.68 | 0.74 | 1.08 | 0.74 | 0.95 | 0.49 | 0.93 | 0.85 | 0.71 |
| Debt / EBITDA | 3.25 | 3.25 | 3.43 | 7.05 | 17.04 | 2.81 | — | 6.18 | 11.80 | 10.84 | 12.55 |
| Net Debt / Equity | — | 0.76 | 0.67 | 0.73 | 1.07 | 0.74 | 0.94 | 0.43 | 0.92 | 0.83 | 0.68 |
| Net Debt / EBITDA | 2.99 | 2.99 | 3.40 | 7.02 | 16.94 | 2.80 | — | 5.39 | 11.69 | 10.55 | 12.00 |
| Debt / FCF | — | 8.38 | 99.52 | — | — | — | — | 11.57 | — | — | 2.27 |
| Interest Coverage | 4.02 | 4.02 | 4.36 | 2.05 | 1.54 | 7.32 | -0.19 | 2.47 | 3.18 | 5.59 | 3.92 |
GLAD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Gladstone Capital Corporation's current ratio of 9.90x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.20x to 9.90x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 9.90 | 9.90 | 2.63 | 0.20 | 0.05 | 0.11 | 0.06 | 0.31 | 0.07 | 0.10 | 0.15 |
| Quick Ratio | 9.90 | 9.90 | 2.63 | 0.20 | 0.05 | 0.11 | 0.06 | 0.31 | 0.07 | 0.10 | 0.15 |
| Cash Ratio | 7.48 | 7.48 | 0.52 | 0.03 | 0.01 | 0.01 | 0.02 | 0.23 | 0.02 | 0.05 | 0.08 |
| Asset Turnover | — | 0.16 | 0.15 | 0.09 | 0.05 | 0.17 | 0.02 | 0.08 | 0.07 | 0.07 | 0.06 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
GLAD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Gladstone Capital Corporation returns 13.1% to shareholders annually primarily through dividends. The payout ratio of 95.5% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 13.6% (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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 13.1% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 95.5% | 95.5% | 45.5% | 83.0% | 137.2% | 30.8% | — | 123.7% | 122.3% | 124.8% | 171.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.6% | 11.7% | 18.0% | 11.9% | 6.8% | 22.4% | — | 7.0% | 7.3% | 7.1% | 6.0% |
| FCF Yield | 10.3% | 8.8% | 0.6% | — | — | — | — | 3.2% | — | — | 31.8% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 13.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $23M | $22M | $19M | $17M | $17M | $16M | $15M | $14M | $13M | $12M |
Peer Comparison
Compare GLAD 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 |
|---|---|---|---|---|---|---|---|---|---|
 GLADYou | $422M | 7.3 | 6.4 | 9.7 | 87.3% | 55.5% | 12.1% | 7.2% | 3.3 |
 ARCC | $13B | 9.7 | 12.8 | 11.3 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 FSCO | $997M | 6.5 | 5.7 | 1.9 | 79.3% | 74.5% | 10.5% | 6.4% | 1.9 |
 GBDC | $3B | 8.7 | 11.8 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 CSWC | $1B | 12.1 | 12.9 | — | 94.3% | 76.9% | 11.9% | 7.1% | 5.8 |
 SLRC | $678M | 7.3 | 11.1 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 PFLT | $742M | 10.4 | 35.5 | 7.8 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
 MAIN | $5B | 9.2 | 13.6 | 13.6 | 100.0% | 80.7% | 17.0% | 7.5% | 4.7 |
 HTGC | $3B | 8.4 | 14.1 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
 OBDC | $5B | 8.8 | 11.8 | 3.1 | 75.3% | 73.2% | 9.4% | 6.1% | 7.5 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 25 years · Updated daily
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GLAD — Frequently Asked Questions
Quick answers to the most common questions about buying GLAD stock.
What is Gladstone Capital Corporation's P/E ratio?
Gladstone Capital Corporation's current P/E ratio is 7.3x. The historical average is 24.3x. This places it at the 15th percentile of its historical range.
What is Gladstone Capital Corporation's EV/EBITDA?
Gladstone Capital Corporation's current EV/EBITDA is 6.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.2x.
What is Gladstone Capital Corporation's ROE?
Gladstone Capital Corporation's return on equity (ROE) is 12.1%. The historical average is 7.1%.
Is GLAD stock overvalued?
Based on historical data, Gladstone Capital Corporation is trading at a P/E of 7.3x. This is at the 15th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Gladstone Capital Corporation's dividend yield?
Gladstone Capital Corporation's current dividend yield is 13.10% with a payout ratio of 95.5%.
What are Gladstone Capital Corporation's profit margins?
Gladstone Capital Corporation has 87.3% gross margin and 55.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Gladstone Capital Corporation have?
Gladstone Capital Corporation's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.