Latest Ratios: P/E Ratio -4.1x · EV/EBITDA N/A · ROE -39.2%. (2011–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.4B | $2.4B | $11.2B | — | — | — | — | — | — | — | — |
| Enterprise Value | $3.1B | $3.1B | $11.4B | — | — | — | — | — | — | — | — |
| P/E Ratio → | -4.14 | — | 230.59 | — | — | — | — | — | — | — | — |
| P/S Ratio | 6.15 | 7.13 | 194.93 | — | — | — | — | — | — | — | — |
| P/B Ratio | 2.35 | 2.33 | 5.71 | — | — | — | — | — | — | — | — |
| P/FCF | 3.46 | 3.45 | — | — | — | — | — | — | — | — | — |
| P/OCF | 3.46 | 3.45 | — | — | — | — | — | — | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.14 | 198.27 | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | 234.48 | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | 234.48 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 4.43 | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.2% | 68.2% | 59.8% | 73.3% | 72.9% | 72.9% | 44.9% | 72.7% | 72.7% | 74.3% | 72.1% |
| Operating Margin | -135.4% | -135.4% | 50.6% | 92.2% | -57.7% | 73.7% | 525.6% | -237.6% | -24.3% | 52.6% | 201.1% |
| Net Profit Margin | -149.4% | -149.4% | 50.6% | 80.9% | -70.8% | 62.7% | 497.7% | -251.0% | -24.3% | 50.4% | 201.1% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -39.2% | -39.2% | 3.1% | 23.9% | -19.7% | 16.3% | 67.0% | -93.5% | -6.5% | 14.6% | 57.8% |
| ROA | -25.1% | -25.1% | 2.1% | 15.2% | -12.5% | 10.7% | 39.5% | -52.7% | -3.9% | 8.5% | 32.4% |
| ROIC | -18.7% | -18.7% | 1.9% | 17.1% | -9.8% | 12.1% | 45.9% | -58.6% | -4.3% | 8.5% | 24.9% |
| ROCE | -22.7% | -22.7% | 2.1% | 17.4% | -10.2% | 12.6% | 41.8% | -49.9% | -3.9% | 8.9% | 32.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.75 | 0.75 | 0.25 | 0.17 | 0.25 | 0.20 | 0.16 | 0.15 | 0.12 | 0.15 | 0.57 |
| Debt / EBITDA | — | — | 10.05 | 0.73 | — | 1.31 | 0.32 | — | — | 1.07 | 1.27 |
| Net Debt / Equity | — | 0.66 | 0.10 | -0.04 | 0.22 | 0.17 | 0.01 | 0.11 | 0.06 | 0.08 | 0.51 |
| Net Debt / EBITDA | — | — | 3.95 | -0.16 | — | 1.07 | 0.02 | — | — | 0.56 | 1.13 |
| Debt / FCF | — | 0.97 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -9.74 | -9.74 | 1.26 | — | — | — | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 220.69 | — | 1406.80 | 1858.47 | 360.41 | 1673.50 | 48.18 | 48.43 | 10.91 |
| Quick Ratio | — | — | 220.69 | — | 1406.80 | 1858.47 | 360.41 | 1673.50 | 48.18 | 48.43 | 10.91 |
| Cash Ratio | — | — | 203.69 | — | 666.08 | 1062.31 | 302.89 | 855.59 | 34.37 | 38.37 | 7.68 |
| Asset Turnover | — | 0.21 | 0.03 | 0.17 | 0.18 | 0.14 | 0.06 | 0.22 | 0.15 | 0.15 | 0.14 |
| 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 18.6% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 636.7% | 70.9% | — | 68.0% | 25.9% | — | — | 109.2% | 46.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.4% | — | — | — | — | — | — | — | — |
| FCF Yield | 28.9% | 28.9% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.8% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 19.5% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $98M | $453M | $210M | $150M | $105M | $92M | $70M | $41M | $26M | $23M |
Includes 30+ ratios · 16 years · Updated daily
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Quick answers to the most common questions about buying OXLCG stock.
Oxford Lane Capital Corp. 7.95% Notes due 2032's current P/E ratio is -4.1x. This places it at the 50th percentile of its historical range.
Oxford Lane Capital Corp. 7.95% Notes due 2032's return on equity (ROE) is -39.2%. The historical average is 1.9%.
Based on historical data, Oxford Lane Capital Corp. 7.95% Notes due 2032 is trading at a P/E of -4.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Oxford Lane Capital Corp. 7.95% Notes due 2032's current dividend yield is 18.63%.
Oxford Lane Capital Corp. 7.95% Notes due 2032 has 68.2% gross margin and -135.4% operating margin.
Key Metrics
Top Statement Risk
CLO Equity Valuation Volatility
Metrics are mathematically derived from official filings.
Market Pricing Reflects Credit Uncertainty
Based on recent financial data, the fund trades at a P/B ratio of 2.37, which appears elevated relative to peers like ECC, suggesting that investors are pricing in a significant premium for the fund's specific CLO equity exposure despite the underlying volatility in net asset values.
The forward P/E of 7.42 implies that the market expects a stabilization in earnings, yet the negative TTM P/E highlights the severe impact of GAAP mark-to-market adjustments. Investors should monitor whether this valuation premium is supported by sustainable cash distributions or if it represents an over-optimistic outlook on credit spreads.
Capital Efficiency Impaired by Write-downs
As reported in financial statements, the ROIC has deteriorated to -19.8% in 2026Q4, a sharp decline from the 14.5% peak observed in 2022Q2, which indicates that the fund's ability to generate returns on its invested capital is currently compromised by significant unrealized portfolio devaluations.
The volatility in ROE and ROIC suggests that the fund's performance is highly sensitive to the secondary market pricing of CLO tranches rather than just the underlying loan performance. This trend warrants further investigation into whether the current capital allocation strategy is effectively compounding value or merely recycling capital through high-cost leverage.
Leverage Profile Masks Structural Risk
According to recent quarterly filings, the reported D/E ratio of 0.75 in 2026Q4 appears to understate the fund's true economic leverage, as it does not fully account for the non-recourse debt embedded within the CLO structures that the fund holds as its primary assets.
The interest coverage ratio of -21.17 in the most recent quarter suggests that the fund's ability to service its obligations is heavily dependent on cash inflows from CLO distributions rather than operating income. Investors should be cautious, as this leverage structure may become increasingly fragile if the underlying collateral pools experience higher-than-expected default rates.
Misapplication of Traditional Equity Metrics
The most commonly misapplied metric for this business model is the P/E ratio, which fails to account for the non-cash mark-to-market accounting required for CLO equity, thereby obscuring the fund's actual cash-generating capacity and leading to potentially erroneous conclusions regarding its true earning power.
Analysts should instead prioritize Core Net Investment Income (Core NII) and cash-basis distribution metrics to evaluate the fund's performance. Relying on GAAP-based valuation multiples in this context may lead to a fundamental misunderstanding of the fund's ability to sustain its dividend yield through varying credit cycles.