Last 22 quarters of trend data · Financial Services · Closed-End Funds
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '17 | Q2 '17 | Q4 '16 | Q2 '16 | Q4 '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 13.22 | 4.48 | 6.11 | 8.67 | 5.03 | 5.36 | 4.43 | 3.89 | 4.81 | 156.38 | 3.01 | 2.93 | 2.48 | — | 5.52 | 4.29 | 4.70 | 3.23 | 7.10 | 5.94 | 84.67 |
| — | -16.5% | +37.9% | +122.9% | +4.4% | -96.6% | +47.3% | +32.6% | +94.4% | — | -45.5% | -31.7% | -47.3% | — | -22.2% | -27.7% | -94.4% | -17.4% | +22.4% | — | — | |
| P/S Ratio | 11.47 | 7.70 | 4.73 | 6.69 | 4.42 | 2.29 | 4.29 | 3.71 | 4.44 | 5.72 | 6.09 | 6.95 | 4.73 | 5.71 | 7.15 | 6.45 | 5.70 | 5.21 | 5.78 | 6.57 | 6.37 |
| — | +235.7% | +10.2% | +80.4% | -0.5% | -59.9% | -29.6% | -46.6% | -6.1% | +0.2% | -14.8% | +7.7% | -17.0% | +9.5% | +23.6% | -1.9% | -10.7% | +2.7% | +11.3% | — | — | |
| P/B Ratio | 1.07 | 1.07 | 1.04 | 1.28 | 1.11 | 1.04 | 1.01 | 0.83 | 0.82 | 0.82 | 0.97 | 0.94 | 0.87 | 0.98 | 1.17 | 1.18 | 1.02 | 1.00 | 1.08 | 1.09 | 1.05 |
| — | +2.0% | +3.0% | +54.4% | +35.0% | +27.9% | +3.9% | -11.8% | -5.9% | -16.8% | -16.9% | -19.9% | -14.2% | -1.7% | +8.3% | +7.4% | -3.1% | +12.1% | +9.0% | — | — | |
| P/FCF | 16.44 | 1.40 | 8.47 | 12.67 | 362.52 | 3.44 | 8.92 | 3.05 | 9.93 | — | — | 22.70 | 6.24 | 9.75 | 9.06 | 17.77 | 8.37 | 4.92 | — | 3.21 | 5.48 |
| — | -59.2% | -5.0% | +315.5% | +3551.4% | — | — | -86.6% | +59.0% | — | — | +27.7% | -25.4% | +98.2% | — | +454.2% | +52.9% | -30.5% | — | — | — | |
| EV / EBITDA | 12.94 | 4.73 | 6.25 | 7.77 | 5.13 | 5.32 | 4.33 | 3.73 | 5.60 | 6.16 | 6.50 | 2.67 | — | — | — | 3.79 | — | — | — | — | — |
| — | -11.1% | +44.1% | +108.4% | -8.5% | -13.7% | -33.4% | +39.7% | — | — | — | -29.6% | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 12.94 | 4.73 | 6.25 | 7.77 | 5.13 | 5.32 | 4.33 | 3.73 | 5.60 | 6.16 | 6.50 | 7.57 | 4.62 | 6.02 | 7.49 | 6.71 | 6.93 | 6.12 | 6.79 | 7.57 | 7.94 |
| — | -11.1% | +44.1% | +108.4% | -8.5% | -13.7% | -33.4% | -50.7% | +21.2% | +2.3% | -13.1% | +12.8% | -33.3% | -1.6% | +10.3% | -11.4% | -12.7% | +0.9% | +12.9% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '17 | Q2 '17 | Q4 '16 | Q2 '16 | Q4 '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 98.5% | 103.7% | 92.4% | 110.5% | 106.9% | 52.1% | 106.6% | 106.6% | 107.7% | 107.9% | 104.9% | 105.9% | 104.6% | 105.2% | 105.1% | 104.6% | 104.7% | 104.4% | 104.8% | 105.3% | 105.5% |
| — | +99.1% | -13.3% | +3.7% | -0.7% | -51.7% | +1.6% | +0.7% | +2.9% | +2.6% | -0.2% | +1.2% | -0.1% | +0.7% | +0.3% | -0.7% | -0.7% | -0.5% | +0.1% | — | — | |
| Operating Margin | 100.5% | 192.3% | 86.1% | 94.3% | 93.9% | 45.5% | 92.9% | 93.2% | 90.5% | 88.7% | 86.7% | 85.5% | 92.0% | 86.4% | 88.1% | 88.5% | 87.3% | 90.1% | 91.4% | 87.8% | 85.0% |
| — | +322.6% | -7.4% | +1.1% | +3.7% | -48.7% | +7.2% | +9.1% | -1.6% | +2.6% | -1.6% | -3.4% | +5.4% | -4.1% | -3.5% | +0.8% | +2.7% | +0.4% | -0.4% | — | — | |
| Net Margin | 86.4% | 172.7% | 77.3% | 77.5% | 87.3% | 42.8% | 96.3% | 95.7% | 91.8% | 3.6% | 201.8% | 236.6% | 191.4% | -108.1% | 129.3% | 150.7% | 121.4% | 161.4% | 81.2% | 111.2% | 7.5% |
| — | +303.6% | -19.8% | -19.1% | -4.9% | +1073.5% | -52.3% | -59.5% | -52.0% | +103.4% | +56.1% | +57.0% | +57.7% | -167.0% | +59.3% | +35.6% | +1513.0% | +24.5% | -8.6% | — | — |
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '17 | Q2 '17 | Q4 '16 | Q2 '16 | Q4 '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 6.1% | 4.2% | 3.7% | 5.4% | 4.9% | 5.7% | 5.5% | 4.2% | 0.1% | 8.2% | 8.3% | 9.0% | -4.5% | 5.3% | 6.9% | 5.4% | 8.0% | 3.8% | 4.7% | 0.3% |
| — | +23.3% | -25.7% | -31.3% | +27.8% | +3716.7% | -31.3% | -34.2% | -53.1% | +102.9% | +55.6% | +20.3% | +66.6% | -156.6% | +40.8% | +46.8% | +1700.1% | +37.4% | -10.7% | — | — | |
| ROA | 6.5% | 4.9% | 3.5% | 3.2% | 4.8% | 4.4% | 4.9% | 4.7% | 3.7% | 0.1% | 7.3% | 7.4% | 8.1% | -4.0% | 4.7% | 6.1% | 4.8% | 7.1% | 3.3% | 4.1% | 0.3% |
| — | +11.5% | -29.3% | -32.3% | +30.1% | +3807.2% | -32.4% | -36.2% | -54.6% | +102.8% | +53.4% | +21.1% | +67.2% | -156.8% | +42.5% | +47.7% | +1702.8% | +38.1% | -10.5% | — | — | |
| ROIC | 5.9% | 4.2% | 3.0% | 3.0% | 3.9% | 3.5% | 3.6% | 3.5% | 2.7% | 2.1% | 2.5% | 2.2% | 3.3% | 2.7% | 2.7% | 2.9% | 2.7% | 3.0% | 2.9% | 2.5% | 2.3% |
| — | +17.2% | -18.2% | -14.6% | +43.4% | +71.1% | +45.5% | +55.7% | -16.0% | -23.3% | -8.1% | -22.2% | +22.9% | -10.4% | -5.5% | +15.2% | +15.1% | +10.8% | -2.8% | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '17 | Q2 '17 | Q4 '16 | Q2 '16 | Q4 '15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.22 | 0.23 | 0.15 | 0.14 | 0.09 | 0.13 | 0.13 | 0.15 | 0.15 | 0.13 | — | — | — | — | — | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 |
| — | +145.7% | +72.6% | +12.1% | -4.3% | -38.9% | +1.3% | — | — | — | — | — | — | — | — | — | -7.0% | -1.7% | +0.7% | — | — | |
| Debt / EBITDA | 2.43 | 3.29 | 4.80 | 3.24 | 2.40 | 1.72 | 2.07 | 2.50 | 3.53 | 4.60 | 3.76 | — | — | — | — | — | — | — | — | — | — |
| — | +91.3% | +131.5% | +29.5% | -32.0% | -62.6% | -44.9% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 2.39 | 5.40 | 2.39 | 48.25 | 1.83 | 230.82 | 2.46 | 20.99 | 2.89 | 19.07 | 2.91 | — | — | — | — | — | 1.37 | 15.19 | 1.60 | 11.73 | 2.15 |
| — | -97.7% | -2.8% | +129.8% | -36.7% | +1110.4% | -15.5% | — | — | — | — | — | — | — | — | — | -36.2% | +83.0% | -3.0% | — | — | |
| Quick Ratio | 2.39 | 5.40 | 2.39 | 48.25 | 1.83 | 230.82 | 2.46 | 20.99 | 2.89 | 19.07 | 2.91 | — | — | — | — | — | 1.37 | 15.19 | 1.60 | 11.73 | 2.15 |
| — | -97.7% | -2.8% | +129.8% | -36.7% | +1110.4% | -15.5% | — | — | — | — | — | — | — | — | — | -36.2% | +83.0% | -3.0% | — | — | |
| Interest Coverage | 8.56 | 9.19 | 9.18 | 8.96 | 13.54 | 10.83 | 16.37 | 14.11 | 11.81 | 11.23 | 17.66 | 14.59 | 19.97 | 16.68 | 17.21 | 19.27 | 18.49 | 20.45 | 19.04 | 16.59 | 15.44 |
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Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying MPV stock.
Barings Participation Investors's current P/E is 13.2x. The average P/E over the last 4 quarters is 6.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Barings Participation Investors's current operating margin is 100.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Barings Participation Investors's business trajectory between earnings reports.