PennantPark Investment Corporation (PNNT) Financial Ratios
19 years of historical data (2007–2025) · Financial Services · Asset Management
EV/EBITDA
↑
25.84
↑+28% vs avg
5yr avg: 20.23
30Y Low4.4·High61.2
P/FCF
↓
3.40
↓-84% vs avg
5yr avg: 21.19
30Y Low1.9·High160.3
P/B Ratio
↑
0.48
↓-39% vs avg
5yr avg: 0.80
30Y Low0.4·High1.1
ROE
↓
6.8%
-1% vs avg
5yr avg: 6.9%
30Y Low-17%·High28%
Debt/EBITDA
↑
20.94
↑+59% vs avg
5yr avg: 13.14
30Y Low1.4·High39.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PNNT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PennantPark Investment Corporation trades at 6.9x earnings, 19% below its 5-year average of 8.4x, sitting at the 23rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 49%. On a free-cash-flow basis, the stock trades at 3.4x P/FCF, 84% below the 5-year average of 21.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $225M | $438M | $456M | $429M | $356M | $435M | $214M | $425M | $527M | $534M | $539M |
| Enterprise Value | $912M | $1.1B | $1.2B | $907M | $1.0B | $1.0B | $756M | $1.0B | $1.0B | $1.0B | $1.0B |
| P/E Ratio → | 6.88 | 13.42 | 9.32 | — | — | 2.61 | — | 26.13 | 10.97 | 8.63 | 28.92 |
| P/S Ratio | 2.70 | 5.27 | 4.40 | 22.31 | 14.96 | 2.24 | 9.59 | 7.07 | 7.16 | 5.65 | 10.92 |
| P/B Ratio | 0.48 | 0.94 | 0.92 | 0.85 | 0.61 | 0.66 | 0.41 | 0.73 | 0.84 | 0.83 | 0.84 |
| P/FCF | 3.40 | 6.63 | — | 1.93 | — | 55.02 | — | — | 7.88 | 7.71 | 3.42 |
| P/OCF | 3.40 | 6.63 | — | 1.93 | — | 55.02 | — | — | 7.88 | 7.71 | 3.42 |
P/E links to full P/E history page with 30-year chart
PNNT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PennantPark Investment Corporation's enterprise value stands at 25.8x EBITDA, 28% above its 5-year average of 20.2x. The Financial Services sector median is 11.4x, placing the stock at a 127% premium 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 | — | 13.54 | 11.36 | 47.15 | 42.26 | 5.27 | 33.90 | 17.46 | 13.73 | 10.81 | 20.73 |
| EV / EBITDA | 25.84 | 31.89 | 22.68 | — | — | 6.11 | — | 61.24 | 21.21 | 16.11 | 48.49 |
| EV / EBIT | 25.84 | 31.89 | 22.68 | — | — | 6.11 | — | 61.24 | 21.21 | 16.11 | 48.49 |
| EV / FCF | — | 17.02 | — | 4.07 | — | 129.25 | — | — | 15.12 | 14.75 | 6.48 |
PNNT Profitability
Margins and return-on-capital ratios measuring operating efficiency
PennantPark Investment Corporation earns an operating margin of 42.5%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from -135.8% to 42.5% over the past 3 years, signaling improving operational efficiency. ROE of 6.8% is modest, trailing the sector median of 9.0%. ROIC of 2.1% represents below-average 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 | 50.3% | 50.3% | 56.4% | -104.8% | -20.8% | 88.4% | -44.2% | 48.2% | 69.0% | 71.8% | 44.0% |
| Operating Margin | 42.5% | 42.5% | 50.1% | -135.8% | -70.8% | 86.3% | -66.2% | 28.5% | 64.7% | 67.1% | 42.8% |
| Net Profit Margin | 39.4% | 39.4% | 47.1% | -175.7% | -103.9% | 86.0% | -71.6% | 26.5% | 64.7% | 65.3% | 38.0% |
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 | 6.8% | 6.8% | 9.8% | -6.2% | -4.0% | 28.1% | -2.9% | 2.6% | 7.5% | 9.6% | 2.8% |
| ROA | 2.4% | 2.4% | 3.8% | -2.7% | -1.9% | 13.8% | -1.3% | 1.3% | 4.0% | 5.1% | 1.4% |
| ROIC | 2.1% | 2.1% | 3.4% | -1.7% | -1.0% | 10.6% | -0.9% | 1.1% | 3.1% | 4.0% | 1.3% |
| ROCE | 2.9% | 2.9% | 4.5% | -2.2% | -1.3% | 14.1% | -1.2% | 1.4% | 4.1% | 5.3% | 1.7% |
PNNT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PennantPark Investment Corporation carries a Debt/EBITDA ratio of 20.9x, which is highly leveraged (391% above the sector average of 4.3x). Net debt stands at $687M ($739M total debt minus $52M cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.59 | 1.59 | 1.56 | 1.03 | 1.20 | 0.92 | 1.08 | 1.18 | 0.80 | 0.81 | 0.87 |
| Debt / EBITDA | 20.94 | 20.94 | 14.86 | — | — | 3.63 | — | 39.93 | 10.57 | 8.30 | 26.54 |
| Net Debt / Equity | — | 1.48 | 1.46 | 0.95 | 1.11 | 0.89 | 1.03 | 1.07 | 0.77 | 0.75 | 0.75 |
| Net Debt / EBITDA | 19.47 | 19.47 | 13.90 | — | — | 3.51 | — | 36.45 | 10.16 | 7.69 | 22.95 |
| Debt / FCF | — | 10.39 | — | 2.14 | — | 74.23 | — | — | 7.24 | 7.05 | 3.07 |
| Interest Coverage | 0.85 | 0.85 | 1.15 | -0.66 | -0.59 | 7.43 | -0.46 | 0.55 | 2.09 | 2.38 | 0.76 |
PNNT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.39x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.52x to 0.39x 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 | 0.39 | 0.39 | 0.53 | 0.52 | 4.16 | 1.86 | 2.10 | 4.44 | 1.47 | 2.35 | 3.11 |
| Quick Ratio | 0.39 | 0.39 | 0.53 | 0.52 | 4.16 | 1.86 | 2.10 | 4.44 | 1.47 | 2.35 | 3.11 |
| Cash Ratio | 0.35 | 0.35 | 0.43 | 0.36 | 2.41 | 0.95 | 1.66 | 3.98 | 1.03 | 1.85 | 2.76 |
| Asset Turnover | — | 0.06 | 0.07 | 0.02 | 0.02 | 0.15 | 0.02 | 0.05 | 0.06 | 0.08 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
PNNT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PennantPark Investment Corporation returns 30.2% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 207.5%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 14.5% (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 | 30.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 207.5% | 207.5% | 134.9% | — | — | 19.3% | — | 306.5% | 106.8% | 105.9% | 428.6% |
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 | 14.5% | 7.5% | 10.7% | — | — | 38.4% | — | 3.8% | 9.1% | 11.6% | 3.5% |
| FCF Yield | 29.4% | 15.1% | — | 51.9% | — | 1.8% | — | — | 12.7% | 13.0% | 29.3% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 30.2% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $65M | $65M | $65M | $65M | $67M | $67M | $68M | $71M | $71M | $72M |
Peer Comparison
Compare PNNT 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 |
|---|---|---|---|---|---|---|---|---|---|
 PNNTYou | $225M | 6.9 | 25.8 | 3.4 | 50.3% | 42.5% | 6.8% | 2.1% | 20.9 |
 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 |
 PFLT | $742M | 10.4 | 35.5 | 7.8 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
 SLRC | $678M | 7.3 | 11.1 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 CGBD | $761M | 10.8 | 12.8 | — | 70.9% | 86.2% | 6.8% | 5.6% | 8.7 |
 BBDC | $868M | 8.5 | 11.7 | 5.4 | 74.0% | 85.2% | 8.7% | 6.1% | 7.5 |
 HTGC | $3B | 8.4 | 14.1 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
 GAIN | $589M | 3.1 | 5.1 | — | 19.4% | 315.8% | 31.7% | 15.5% | 2.5 |
| 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 →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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PNNT — Frequently Asked Questions
Quick answers to the most common questions about buying PNNT stock.
What is PennantPark Investment Corporation's P/E ratio?
PennantPark Investment Corporation's current P/E ratio is 6.9x. The historical average is 14.2x. This places it at the 23th percentile of its historical range.
What is PennantPark Investment Corporation's EV/EBITDA?
PennantPark Investment Corporation's current EV/EBITDA is 25.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.6x.
What is PennantPark Investment Corporation's ROE?
PennantPark Investment Corporation's return on equity (ROE) is 6.8%. The historical average is 4.7%.
Is PNNT stock overvalued?
Based on historical data, PennantPark Investment Corporation is trading at a P/E of 6.9x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is PennantPark Investment Corporation's dividend yield?
PennantPark Investment Corporation's current dividend yield is 30.23% with a payout ratio of 207.5%.
What are PennantPark Investment Corporation's profit margins?
PennantPark Investment Corporation has 50.3% gross margin and 42.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does PennantPark Investment Corporation have?
PennantPark Investment Corporation's Debt/EBITDA ratio is 20.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.