PennantPark Investment Corporation (PNNT) P/E Ratio History
ExpensiveTrading at 21.1x vs 5Y avg 10.9x · 85th percentile · Material premium to history · Data 2009–2026
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P/E Ratio Analysis
As of November 8, 2026, PennantPark Investment Corporation (PNNT) trades at a price-to-earnings ratio of 21.1x, with a stock price of $3.34 and trailing twelve-month earnings per share of $0.16.
The current P/E is 93% above its 5-year average of 10.9x. Over the past five years, PNNT's P/E has ranged from a low of 2.6x to a high of 27.3x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Financial Services sector median P/E of 12.1x, PNNT trades at a 75% premium to its sector peers. The sector includes 763 companies with P/E ratios ranging from 0.0x to 190.1x.
Relative to the broader market, PNNT trades roughly in line with the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PNNT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PNNT Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PNNT P/E vs Peers
Small-Cap BDCs peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $14B | 15.7 | 1.53 | -24% | |
| $1B | 6.8 | - | -20% | |
| $3B | 22.6 | 0.73 | +4% | |
| $177M | 8.2 | 8.05 | +49% | |
| $683M | 13.6 | 1.53 | -49% | |
| $644M | 11.1 | 0.31 | -3% | |
| $776M | 11.1 | 0.17 | -36% | |
| $905M | 10.0 | 0.24 | -7% | |
| $3B | 9.1 | - | +15% | |
| $592M | 3.6Lowest | 0.12Best | +168%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PNNT Historical P/E Data (2009–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | - | $3.47 | $0.16 | 22.0x | +32% |
| FY2026 Q2 | - | $4.49 | $0.21 | 21.4x | +28% |
| FY2026 Q1 | Dec 31 2025 | $5.96 | $0.39 | 15.5x | -7% |
| FY2025 Q4 | - | $6.71 | $0.50 | 13.6x | -19% |
| FY2025 Q3 | Jun 30 2025 | $6.84 | $0.79 | 8.7x | -48% |
| FY2025 Q2 | Mar 31 2025 | $7.03 | $0.73 | 9.7x | -42% |
| FY2025 Q1 | - | $7.08 | $0.84 | 8.5x | -49% |
| FY2024 Q4 | Sep 30 2024 | $6.99 | $0.75 | 9.4x | -44% |
| FY2024 Q3 | Jun 30 2024 | $7.55 | $0.66 | 11.5x | -31% |
| FY2024 Q2 | Mar 31 2024 | $6.88 | $0.92 | 7.5x | -55% |
| FY2024 Q1 | Dec 31 2023 | $6.91 | $0.74 | 9.3x | -44% |
| FY2022 Q3 | - | $6.18 | $0.52 | 11.9x | -28% |
| FY2022 Q2 | - | $7.78 | $1.28 | 6.1x | -64% |
| FY2022 Q1 | Dec 31 2021 | $6.93 | $1.80 | 3.9x | -77% |
| FY2021 Q4 | - | $6.49 | $2.48 | 2.6x | -84% |
| FY2021 Q3 | Jun 30 2021 | $6.68 | $2.25 | 3.0x | -82% |
| FY2021 Q2 | Mar 31 2021 | $5.65 | $2.00 | 2.8x | -83% |
| FY2021 Q1 | - | $4.61 | $0.53 | 8.7x | -48% |
| FY2020 Q1 | - | $6.53 | $0.42 | 15.5x | -7% |
| FY2019 Q4 | Sep 30 2019 | $6.27 | $0.23 | 27.3x | +63% |
| FY2019 Q3 | Jun 30 2019 | $6.32 | $0.29 | 21.8x | +31% |
| FY2019 Q2 | Mar 31 2019 | $6.91 | $0.45 | 15.4x | -8% |
| FY2019 Q1 | Dec 31 2018 | $6.37 | $0.60 | 10.6x | -36% |
| FY2018 Q4 | Sep 30 2018 | $7.46 | $0.68 | 11.0x | -34% |
| FY2018 Q3 | Jun 30 2018 | $7.01 | $0.60 | 11.7x | -30% |
| FY2018 Q2 | Mar 31 2018 | $6.68 | $0.62 | 10.8x | -35% |
| FY2018 Q1 | Dec 31 2017 | $6.91 | $0.70 | 9.9x | -41% |
| FY2017 Q4 | Sep 30 2017 | $7.51 | $0.86 | 8.7x | -48% |
| FY2017 Q3 | Jun 30 2017 | $7.39 | $1.15 | 6.4x | -62% |
| FY2017 Q2 | Mar 31 2017 | $8.14 | $1.28 | 6.4x | -62% |
| FY2017 Q1 | Dec 31 2016 | $7.66 | $1.18 | 6.5x | -61% |
| FY2016 Q4 | Sep 30 2016 | $7.52 | $0.28 | 26.9x | +61% |
| FY2015 Q2 | - | $9.05 | $0.25 | 36.9x | +121% |
| FY2015 Q1 | Dec 31 2014 | $9.53 | $0.76 | 12.6x | -24% |
| FY2014 Q4 | - | $10.91 | $1.67 | 6.6x | -61% |
| FY2014 Q3 | Jun 30 2014 | $11.46 | $2.02 | 5.7x | -66% |
| FY2014 Q2 | Mar 31 2014 | $11.05 | $1.75 | 6.3x | -62% |
| FY2014 Q1 | - | $11.60 | $1.55 | 7.5x | -55% |
| FY2013 Q4 | Sep 30 2013 | $11.28 | $1.40 | 8.1x | -52% |
| FY2013 Q3 | Jun 30 2013 | $11.05 | $1.33 | 8.3x | -50% |
| FY2013 Q2 | Mar 31 2013 | $11.30 | $1.18 | 9.6x | -43% |
| FY2013 Q1 | Dec 31 2012 | $11.00 | $1.27 | 8.7x | -48% |
| FY2012 Q4 | Sep 30 2012 | $10.61 | $1.17 | 9.1x | -46% |
| FY2012 Q3 | Jun 30 2012 | $10.35 | $0.22 | 47.0x | +182% |
| FY2012 Q2 | Mar 31 2012 | $10.40 | $0.21 | 49.5x | +197% |
| FY2012 Q1 | Dec 31 2011 | $10.09 | $0.04 | 252.3x | +1411% |
| FY2011 Q4 | Sep 30 2011 | $8.92 | $0.40 | 22.3x | +34% |
| FY2011 Q3 | - | $11.21 | $1.26 | 8.9x | -47% |
| FY2011 Q2 | - | $11.92 | $1.34 | 8.9x | -47% |
| FY2011 Q1 | Dec 31 2010 | $12.25 | $0.90 | 13.6x | -18% |
| FY2010 Q4 | - | $10.61 | $0.54 | 19.6x | +18% |
| FY2010 Q3 | Jun 30 2010 | $9.55 | $1.38 | 6.9x | -59% |
| FY2010 Q2 | Mar 31 2010 | $10.37 | $1.21 | 8.6x | -49% |
| FY2010 Q1 | - | $8.92 | $3.32 | 2.7x | -84% |
| FY2009 Q4 | Sep 30 2009 | $8.11 | $1.47 | 5.5x | -67% |
| FY2009 Q2 | - | $3.75 | $0.69 | 5.4x | -67% |
Average P/E for displayed period: 16.7x
PNNT Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
PNNT — Frequently Asked Questions
Quick answers to the most common questions about buying PNNT stock.
What is PNNT's P/E ratio?
PennantPark Investment Corporation (PNNT) trailing twelve-month P/E ratio is 21.1x, based on TTM diluted EPS of $0.16. The 5-year average P/E is 10.9x and the historical range spans 2.6x to 27.3x.
Is PNNT stock overvalued or undervalued?
PNNT trades at 21.1x P/E, above its 5-year average of 10.9x. The 85th percentile ranking within the 2.6x–27.3x historical range indicates a premium to historical valuation.
Is PNNT stock expensive?
Yes, PNNT is expensive relative to its own history. The current P/E of 21.1x is above the 5-year average of 10.9x and also above the Financial Services sector median of 12.1x. The stock sits at the 85th percentile of its 5-year valuation range.
What is PNNT's historical P/E range?
Over the past 5 years, PNNT's P/E ratio has ranged from 2.6x to 27.3x, with a median of 9.4x and an average of 10.9x. The current P/E of 21.1x places the stock at the 85th percentile of this range. Full historical data spans 2009–2026.
How does PNNT's P/E compare to the S&P 500?
PNNT trades at 21.1x P/E versus the S&P 500 median of 21.8x. The 3% discount to the market suggests lower growth expectations or perceived higher risk.
How does PNNT's valuation compare to Financial Services peers?
PennantPark Investment Corporation P/E of 21.1x compares to the Financial Services sector median of 12.1x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PNNT's PEG ratio?
PNNT PEG ratio is N/A, based on a P/E of 21.1x and EPS growth of -33.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is PNNT's earnings yield?
PNNT earnings yield is 4.74%, the inverse of its 21.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.