BlackRock TCP Capital Corp. (TCPC) P/E Ratio History
Historical price-to-earnings valuation from 2013 to 2024
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TCPC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, BlackRock TCP Capital Corp. (TCPC) trades at a price-to-earnings ratio of -4.2x, with a stock price of $4.36 and trailing twelve-month earnings per share of $-1.30.
The current P/E is 105% below its 5-year average of 90.8x. Over the past five years, TCPC's P/E has ranged from a low of 4.3x to a high of 1320.5x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.1x, TCPC trades at a 132% discount to its sector peers. The sector includes 775 companies with P/E ratios ranging from 0.0x to 195.8x.
Relative to the broader market, TCPC 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 TCPC 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.
TCPC P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $14B | 10.2 | 0.99 | -24% | |
| $3B | 9.3 | 0.30 | +4% | |
| $243M | 4.9Lowest | 4.84 | +49%Best | |
| $859M | 7.5 | 0.82 | -4% | |
| $745M | 8.0 | 0.23 | -3% | |
| $888M | 12.4 | 1.40 | -49% | |
| $3B | 278.4 | - | -98% | |
| $6B | 9.2 | 2.09 | -19% | |
| $3B | 8.9 | - | +15% | |
| $5B | 10.3 | 0.16Best | -6% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
TCPC Historical P/E Data (2013–2024)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $10.43 | $0.35 | 29.8x | -40% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $11.54 | $0.66 | 17.5x | -65% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $11.74 | $0.06 | 195.7x | +296% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $10.91 | $0.29 | 37.6x | -24% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $10.30 | $0.01 | 1320.5x | +2574% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $10.93 | $1.23 | 8.9x | -82% |
| FY2022 Q2 | $12.53 | $0.97 | 12.9x | -74% | |
| FY2022 Q1 | $14.30 | $1.92 | 7.4x | -85% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $13.51 | $2.31 | 5.8x | -88% |
| FY2021 Q3 | $13.57 | $2.58 | 5.3x | -89% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $13.82 | $3.20 | 4.3x | -91% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $13.83 | $3.05 | 4.5x | -91% |
Average P/E for displayed period: 49.4x
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Start ComparisonTCPC — Frequently Asked Questions
Quick answers to the most common questions about buying TCPC stock.
Is TCPC stock overvalued or undervalued?
TCPC trades at -4.2x P/E, below its 5-year average of 90.8x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does TCPC's valuation compare to peers?
BlackRock TCP Capital Corp. P/E of -4.2x compares to sector median of 13.1x. The discount suggests lower growth expectations or higher risk.
What is TCPC's PEG ratio?
TCPC PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2013-2024.