(GAIN) Gladstone Investment - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3765461070

Senior Debt, Subordinated Debt, Mezzanine Loans, Equity Warrants, LLC Interests

Stock: Asset Management & Custody Banks
Age 20.6y

MCap 552m
Avg Vol 178K (2.47M USD)

Beta 0.709
Volatility 17.12%

EPS (Earnings per Share)

EPS CAGR: -44.88%
EPS Trend: -46.3%

Last SUE: -1.97
Qual. Beats: 0

Revenue

Rev. CAGR: 38.30%
Rev. Trend: 15.0%

Last SUE: 0.67
Qual. Beats: 0

Dividends

Dividend Yield	10.68%
Yield on Cost 5y	27.12%
Yield CAGR 5y	9.72%
Payout Consistency	94.2%
Payout Ratio	54.2%

Risk via 5d forecast
Volatility	17.1%
Value at Risk 5%th	27.4%
Relative Tail Risk	-2.81%

Reward TTM
Sharpe Ratio	0.68
Alpha	4.96
CAGR/Max DD	1.06

Character TTM
Hurst Exponent	0.370
Beta	0.709
Beta Downside	0.600

Drawdowns 3y
Max DD	14.76%
Mean DD	3.69%
Median DD	3.24%

Description: GAIN Gladstone Investment December 26, 2025

Gladstone Investment Corporation (NASDAQ: GAIN) is a publicly-listed business development company that focuses on lower-middle-market, mature-stage buyouts and debt refinancing in the United States. It targets manufacturing, consumer products, and business/consumer services firms, investing primarily through senior and subordinated debt instruments (loans, notes, lines of credit) as well as minority to majority equity positions, typically holding investments for up to seven years before exiting via sale, recapitalization, IPO, or third-party transaction.

Key operating metrics: as of the latest 10-K, GAIN reported approximately $1.2 billion in total assets with a net asset value (NAV) per share of $22.45, and a dividend yield around 7.5%, reflecting its BDC structure. The fund’s investment range is $5-30 million in debt and $10-40 million in equity, targeting companies with EBITDA of $4-15 million; this aligns with the broader BDC sector’s average deal size of roughly $20 million and a weighted-average portfolio leverage of 55%, a level that is sensitive to prevailing interest-rate cycles.

For a deeper quantitative view, consider checking ValueRay’s analyst dashboard for up-to-date performance and risk metrics on GAIN.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (102.9m TTM) > 0 and > 6% of Revenue (6% = 7.78m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA -5.97pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -347.5% (prev -31.11%; Δ -316.4pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 63.6m <= Net Income 102.9m (YES >=105%, WARN >=100%)

Net Debt (456.8m) to EBITDA (102.9m) ratio: 4.44 <= 3.0 (WARN <= 3.5)

Current Ratio 0.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (38.4m) change vs 12m ago 4.79% (target <= -2.0% for YES)

Gross Margin 73.79% (prev 58.01%; Δ 15.79pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 12.88% (prev 7.11%; Δ 5.78pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -1.73 (EBITDA TTM 102.9m / Interest Expense TTM 33.5m) >= 6 (WARN >= 3)

Altman Z'' -3.06

(A) -0.39 = (Total Current Assets 6.33m - Total Current Liabilities 457.0m) / Total Assets 1.14b

(B) -0.02 = Retained Earnings (Balance) -20.1m / Total Assets 1.14b

(D) -0.03 = Book Value of Equity -20.1m / Total Liabilities 608.6m

Total Rating: -3.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 46.47

1. Piotroski 3.0pt

2. FCF Yield 6.30%

3. FCF Margin 49.03%

4. Debt/Equity 0.85

5. Debt/Ebitda 4.44

6. ROIC - WACC (= -9.91)%

7. RoE 20.86%

8. Rev. Trend 15.01%

9. EPS Trend -46.31%

What is the price of GAIN shares?

As of January 18, 2026, the stock is trading at USD 14.07 with a total of 161,938 shares traded.
Over the past week, the price has changed by +1.01%, over one month by +1.23%, over three months by +3.81% and over the past year by +17.70%.

Is GAIN a buy, sell or hold?

Gladstone Investment has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy GAIN.

Strong Buy: 3
Buy: 0
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the GAIN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	14.1	0.4%
Analysts Target Price	14.1	0.4%
ValueRay Target Price	17.9	26.9%

GAIN Fundamental Data Overview January 12, 2026

P/E Trailing = 5.5498
P/E Forward = 14.6628
P/S = 5.6503
P/B = 1.0307
P/EG = 5.4638
Revenue TTM = 129.7m USD
EBIT TTM = -58.0m USD
EBITDA TTM = 102.9m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 457.0m USD (from shortTermDebt, last quarter)
Debt = 457.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 456.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.01b USD (552.3m + Debt 457.0m - CCE 210.0k)
Interest Coverage Ratio = -1.73 (Ebit TTM -58.0m / Interest Expense TTM 33.5m)
EV/FCF = 15.87x (Enterprise Value 1.01b / FCF TTM 63.6m)
FCF Yield = 6.30% (FCF TTM 63.6m / Enterprise Value 1.01b)
FCF Margin = 49.03% (FCF TTM 63.6m / Revenue TTM 129.7m)
Net Margin = 79.39% (Net Income TTM 102.9m / Revenue TTM 129.7m)
Gross Margin = 73.79% ((Revenue TTM 129.7m - Cost of Revenue TTM 34.0m) / Revenue TTM)
Gross Margin QoQ = 73.33% (prev 65.11%)
Tobins Q-Ratio = 0.88 (Enterprise Value 1.01b / Total Assets 1.14b)
Interest Expense / Debt = 2.11% (Interest Expense 9.63m / Debt 457.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -45.8m (EBIT -58.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.01 (Total Current Assets 6.33m / Total Current Liabilities 457.0m)
Debt / Equity = 0.85 (Debt 457.0m / totalStockholderEquity, last quarter 535.8m)
Debt / EBITDA = 4.44 (Net Debt 456.8m / EBITDA 102.9m)
Debt / FCF = 7.18 (Net Debt 456.8m / FCF TTM 63.6m)
Total Stockholder Equity = 493.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.23% (Net Income 102.9m / Total Assets 1.14b)
RoE = 20.86% (Net Income TTM 102.9m / Total Stockholder Equity 493.6m)
RoCE = -11.75% (EBIT -58.0m / Capital Employed (Equity 493.6m + L.T.Debt 0.0))
RoIC = -4.48% (negative operating profit) (NOPAT -45.8m / Invested Capital 1.02b)
WACC = 5.42% (E(552.3m)/V(1.01b) * Re(8.53%) + D(457.0m)/V(1.01b) * Rd(2.11%) * (1-Tc(0.21)))
Discount Rate = 8.53% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.79%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈78.2m ; Y1≈51.3m ; Y5≈23.4m
Fair Price DCF = 7.31 (EV 746.4m - Net Debt 456.8m = Equity 289.6m / Shares 39.6m; r=5.90% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -46.31 | EPS CAGR: -44.88% | SUE: -1.97 | # QB: 0
Revenue Correlation: 15.01 | Revenue CAGR: 38.30% | SUE: 0.67 | # QB: 0
EPS current Year (2026-03-31): EPS=0.85 | Chg30d=-0.094 | Revisions Net=-3 | Growth EPS=+12.1% | Growth Revenue=+7.5%
EPS next Year (2027-03-31): EPS=0.92 | Chg30d=-0.002 | Revisions Net=+0 | Growth EPS=+8.0% | Growth Revenue=+6.2%

Additional Sources for GAIN Stock

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