Saratoga Investment Corp 8.125% (SAY) P/E Ratio History
Historical price-to-earnings valuation from 2023 to 2026
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SAY Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Saratoga Investment Corp 8.125% (SAY) trades at a price-to-earnings ratio of 11.1x, with a stock price of $25.55 and trailing twelve-month earnings per share of $2.47.
The current P/E is 17% below its 5-year average of 13.4x. Over the past five years, SAY's P/E has ranged from a low of 2.6x to a high of 35.4x, placing the current valuation at the 46th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.1x, SAY trades at a 16% discount to its sector peers. The sector includes 775 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 0.93 (P/E divided by 14% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, SAY trades at a notable discount to the S&P 500 median P/E of 25.1x. 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 SAY 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.
SAY P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $363M | 9.7 | 0.82 | +14% | |
| $3B | 9.3 | 0.30 | +4% | |
| $14B | 10.2 | 0.99 | -24% | |
| $1B | 5.4 | - | -23% | |
| $243M | 4.9Lowest | 4.84 | +49%Best | |
| $888M | 12.4 | 1.40 | -49% | |
| $6B | 9.2 | 2.09 | -19% | |
| $3B | 8.9 | - | +15% | |
| $745M | 8.0 | 0.23Best | -3% | |
| $859M | 7.5 | 0.82 | -4% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
SAY Historical P/E Data (2023–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | Sat Feb 28 2026 00:00:00 GM | $7.81 | $3.05 | 2.6x | -81% |
| FY2026 Q3 | Sun Nov 30 2025 00:00:00 GM | $25.27 | $2.44 | 10.3x | -23% |
| FY2026 Q2 | Sun Aug 31 2025 00:00:00 GM | $25.50 | $2.34 | 10.9x | -19% |
| FY2026 Q1 | Sat May 31 2025 00:00:00 GM | $25.16 | $2.47 | 10.2x | -24% |
| FY2025 Q4 | Fri Feb 28 2025 00:00:00 GM | $25.25 | $2.04 | 12.4x | -8% |
| FY2025 Q3 | Sat Nov 30 2024 00:00:00 GM | $25.29 | $2.48 | 10.2x | -24% |
| FY2025 Q2 | Sat Aug 31 2024 00:00:00 GM | $25.16 | $1.53 | 16.4x | +23% |
| FY2025 Q1 | Fri May 31 2024 00:00:00 GM | $25.10 | $1.21 | 20.7x | +55% |
| FY2024 Q4 | Wed Feb 28 2024 00:00:00 GM | $25.19 | $0.71 | 35.4x | +164% |
| FY2024 Q3 | $25.00 | $1.94 | 12.9x | -4% | |
| FY2024 Q2 | $25.00 | $2.76 | 9.1x | -32% | |
| FY2024 Q1 | Wed May 31 2023 00:00:00 GM | $24.41 | $2.19 | 11.1x | -17% |
Average P/E for displayed period: 13.4x
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Start ComparisonSAY — Frequently Asked Questions
Quick answers to the most common questions about buying SAY stock.
Is SAY stock overvalued or undervalued?
SAY trades at 11.1x P/E, near its 5-year average of 13.4x. The 46th percentile ranking places valuation within normal historical bounds.
How does SAY's valuation compare to peers?
Saratoga Investment Corp 8.125% P/E of 11.1x compares to sector median of 13.1x. The discount suggests lower growth expectations or higher risk.
What is SAY's PEG ratio?
SAY PEG ratio is 0.93. Below 1.0 indicates valuation is supported by earnings growth rate. Historical P/E data spans 2023-2026.