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Arphra AIPlain-English read on Gladstone Investment Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Valuation multiples
| In USD | FY 2026 | 2027E | 2028E |
|---|---|---|---|
| Headline | |||
| Market cap | $549.72M | — | — |
| Enterprise value | $1.11B | — | — |
| Multiples | |||
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 15.57 | — | — |
| EV / FCF | -10.95 | — | — |
| Yields | |||
| Earnings yield | +33.61% | — | — |
| Free cash flow yield | -18.48% | — | — |
| Dividend yield | — | — | — |
Profitability
| In USD | FY 2026 | 2027E | 2028E |
|---|---|---|---|
| Margins | |||
| Gross margin | +19.38% | +19.07% | +19.56% |
| Operating margin | +315.85% | +19.83% | +19.49% |
| EBITDA margin | +315.85% | +307.57% | +315.16% |
| EBIT margin | +315.85% | +319.38% | +319.00% |
| Pre-tax margin | +258.46% | +261.65% | +252.24% |
| Net margin | +258.46% | +18.96% | +19.53% |
| Cost structure | |||
| Cost of revenue / sales | +80.62% | +80.32% | +82.73% |
| R&D intensity | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +8.59% | +8.66% | +8.65% |
| Effective tax rate | 0.00% | 0.00% | 0.00% |
Returns on capital
| In USD | FY 2026 | 2027E | 2028E |
|---|---|---|---|
| Returns | |||
| Return on equity (ROE) | +27.65% | +2.02% | +2.04% |
| Return on assets (ROA) | +13.97% | +1.02% | +1.07% |
| Return on capital (ROC) | +18.32% | +1.16% | +1.11% |
| Return on invested capital (ROIC) | +14.99% | +1.11% | +1.12% |
| Asset turnover | +5.40% | +5.40% | +5.47% |
| DuPont · ROE decomposition | |||
| Net margin | +258.46% | +18.96% | +19.53% |
| Asset turnover (× revenue / assets) | +5.40% | +5.40% | +5.47% |
| Equity multiplier (× assets / equity) | +197.96% | +197.15% | +191.35% |
Activity & efficiency
| In USD | FY 2026 | 2027E | 2028E |
|---|---|---|---|
| Turnover | |||
| Asset turnover | 0.05 | 0.05 | 0.05 |
| Fixed-asset turnover | — | — | — |
| Inventory turnover | — | — | — |
| Receivables turnover | 10.48 | — | — |
| Payables turnover | 7.55 | — | — |
| Days outstanding | |||
| Days sales outstanding (DSO) | 34.84 | — | — |
| Days inventory outstanding (DIO) | — | — | — |
| Days payables outstanding (DPO) | 48.36 | — | — |
| Cash conversion cycle | -13.52 | — | — |
Cash flow quality
| In USD | FY 2026 | 2027E | 2028E |
|---|---|---|---|
| Operating CF / Net income | 0.23 | 3.11 | 3.03 |
| FCF / Net income | -0.55 | 3.17 | 3.09 |
| FCF margin | -142.14% | +60.19% | +60.37% |
| OCF margin | +58.91% | +58.92% | +59.27% |
| CapEx / Revenue | 0.00% | 0.00% | 0.00% |
| CapEx / D&A | 0.00 | — | — |
| Stock-based comp / Revenue | 0.00% | — | — |
Per-share & shareholder yield
| In USD | FY 2026 | 2027E | 2028E |
|---|---|---|---|
| EPS · diluted | 4.77 | 0.87 | 0.93 |
| EPS · basic | 4.77 | 0.88 | 0.94 |
| Book value / share | 17.26 | 25.84 | 27.77 |
| Tangible BV / share | 17.26 | 25.84 | 27.77 |
| Sales / share | 1.85 | 2.75 | 2.90 |
| Operating CF / share | 1.09 | 1.62 | 1.72 |
| Free cash flow / share | -2.62 | 1.66 | 1.75 |
| Dividends / share | 1.48 | 2.21 | 2.38 |
| Payout ratio | +30.94% | +423.79% | +418.90% |
| Retention ratio | +69.06% | -323.79% | -318.90% |
Growth
| In USD | FY 2026 | 2027E | 2028E | 2y CAGR |
|---|---|---|---|---|
| Top-line | ||||
| Revenue · YoY | — | +47.73% | +7.37% | +25.94% |
| Gross profit · YoY | — | +45.36% | +10.16% | +26.54% |
| Profit | ||||
| Operating income · YoY | — | -90.73% | +5.54% | -68.72% |
| EBITDA · YoY | — | +43.86% | +10.02% | +25.81% |
| Net income · YoY | — | -89.16% | +10.62% | -65.38% |
| Operating | ||||
| EBIT · YoY | — | +49.39% | +7.24% | +26.57% |
| R&D · YoY | — | — | — | — |
| Per-share | ||||
| EPS · diluted · YoY | — | -81.76% | +6.61% | -55.90% |
| EPS · basic · YoY | — | -81.59% | +6.98% | -55.62% |
Credit & leverage
| In USD | FY 2026 | 2027E | 2028E |
|---|---|---|---|
| Leverage | |||
| Total debt | $564.47M | $813.45M | $902.12M |
| Net debt | $563.34M | $811.75M | $900.34M |
| Net debt / EBITDA | 2.50 | 2.50 | 2.52 |
| Debt / equity | 0.84 | 0.82 | 0.83 |
| Debt / assets | +42.67% | +41.61% | +43.49% |
| Equity / assets | +50.51% | +50.72% | +52.26% |
| Coverage | |||
| EBITDA / interest expense | 5.50 | 5.28 | 5.65 |
| Operating income / interest | 5.50 | 0.34 | 0.35 |
| Interest expense | $41.02M | $61.56M | $63.28M |
| Liquidity | |||
| Current ratio | 0.01 | — | — |
| Quick ratio | 0.01 | — | — |
| Cash ratio | 0.00 | — | — |
| Working capital | -$532.57M | — | — |
| Working capital / revenue | -745.04% | — | — |
Historical multiples · μ ± σ bands
3 fiscal-year-end observations from key_metrics. Mean is dashed; light-green band is ±1σ, light-red band ±2σ. The dot marks the most recent value; the cheap / fair / rich verdict uses z-score against the issuer's own history (yields inverted — a high yield is cheap).
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 15.57x | 10.37x | 8.52x |
| Earnings yield | 33.6% | 13.3% | 17.6% |
| FCF yield | -18.5% | 23.2% | 17.8% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| ROE | 27.6% | 13.1% | 17.3% |
| ROA | 14.0% | 6.5% | 9.1% |
| ROIC | 24.8% | 6.5% | 9.1% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / equity | — | — | — |
| Net debt / EBITDA | 2.50 | 6.76 | 4.64 |
| Interest coverage | — | — | — |
| Current ratio | 0.01x | 3.69x | 3.22x |
| Quick ratio | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).