(GLAD) Gladstone Capital - Ratings and Ratios
Debt Instruments, Equity Stakes, Mezzanine Financing
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 20.5% |
| Value at Risk 5%th | 34.8% |
| Relative Tail Risk | 3.27% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.63 |
| Alpha | -26.71 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.471 |
| Beta | 0.735 |
| Beta Downside | 0.919 |
| Drawdowns 3y | |
|---|---|
| Max DD | 33.56% |
| Mean DD | 7.43% |
| Median DD | 6.24% |
Description: GLAD Gladstone Capital October 23, 2025
Gladstone Capital Corporation (NASDAQ:GLAD) is a Business Development Company (BDC) that focuses on providing growth-capital and structured-finance solutions to lower-middle-market U.S. companies. Its investment scope includes senior and subordinated term loans, unitranche facilities, mezzanine debt, and equity-linked instruments such as common stock, preferred stock, LLC interests, and warrants. The firm typically deploys $7 million–$30 million into businesses with $20 million–$150 million of revenue and $3 million–$25 million of EBITDA, favoring minority-stake positions and “buy-and-build” or add-on acquisition strategies.
GLAD’s portfolio is sector-agnostic but concentrates on business services, light and specialty manufacturing, niche industrial products, specialty consumer goods, energy services, transportation & logistics, healthcare & education, specialty chemicals, media & communications, and aerospace & defense. Recent quarterly filings show an average portfolio leverage ratio of ~5.2× EBITDA, with a weighted-average loan yield of roughly 9.5% and a net asset value (NAV) per share of $13.20, reflecting a modest premium to its current market price of $12.80.
Key macro drivers for GLAD’s target market include the U.S. small-business credit environment (the Federal Reserve’s policy rate influences the cost of senior debt) and the ongoing demand for operational scaling in fragmented industries, where “buy-and-build” models can capture efficiency gains. The firm’s exit horizon typically spans 4–7 years, relying on strategic sales, secondary buyouts, or IPOs.
For a deeper, data-driven view of GLAD’s valuation metrics and scenario analysis, you might explore the ValueRay platform, which aggregates real-time financials and peer comparisons to help you assess the investment’s risk-adjusted upside.
GLAD Stock Overview
| Market Cap in USD | 450m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2002-08-02 |
| Return 12m vs S&P 500 | -26.6% |
| Analyst Rating | 3.33 of 5 |
GLAD Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 12.80% |
| Yield on Cost 5y | 24.07% |
| Yield CAGR 5y | 28.00% |
| Payout Consistency | 94.5% |
| Payout Ratio | 28.0% |
GLAD Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 9.72% |
| CAGR/Max DD Calmar Ratio | 0.29 |
| CAGR/Mean DD Pain Ratio | 1.31 |
| Current Volume | 218.2k |
| Average Volume | 211.2k |
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income (58.1m TTM) > 0 and > 6% of Revenue (6% = 4.66m TTM) |
| FCFTA -0.02 (>2.0%) and ΔFCFTA -0.51pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 49.64% (prev 5.65%; Δ 43.99pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.02 (>3.0%) and CFO -13.8m <= Net Income 58.1m (YES >=105%, WARN >=100%) |
| Net Debt (365.5m) to EBITDA (58.1m) ratio: 6.29 <= 3.0 (WARN <= 3.5) |
| Current Ratio 9.90 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (23.8m) change vs 12m ago 9.23% (target <= -2.0% for YES) |
| Gross Margin 74.25% (prev 81.84%; Δ -7.59pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 9.03% (prev 14.72%; Δ -5.69pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.91 (EBITDA TTM 58.1m / Interest Expense TTM 20.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.76
| (A) 0.04 = (Total Current Assets 42.9m - Total Current Liabilities 4.33m) / Total Assets 907.6m |
| (B) 0.01 = Retained Earnings (Balance) 5.20m / Total Assets 907.6m |
| (C) 0.07 = EBIT TTM 58.1m / Avg Total Assets 860.0m |
| (D) 0.01 = Book Value of Equity 5.24m / Total Liabilities 425.6m |
| Total Rating: 0.76 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 46.17
| 1. Piotroski 1.0pt |
| 2. FCF Yield -1.69% |
| 3. FCF Margin -17.71% |
| 4. Debt/Equity 0.83 |
| 5. Debt/Ebitda 6.29 |
| 6. ROIC - WACC (= 0.59)% |
| 7. RoE 11.91% |
| 8. Rev. Trend 26.79% |
| 9. EPS Trend 84.82% |
What is the price of GLAD shares?
Over the past week, the price has changed by +8.20%, over one month by +4.59%, over three months by -20.22% and over the past year by -18.09%.
Is GLAD a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 5
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the GLAD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 22.2 | 9.3% |
| Analysts Target Price | 22.2 | 9.3% |
| ValueRay Target Price | 22.8 | 12.4% |
GLAD Fundamental Data Overview November 22, 2025
P/E Trailing = 7.902
P/E Forward = 9.7182
P/S = 5.0487
P/B = 0.9408
P/EG = 2.3116
Beta = 0.943
Revenue TTM = 77.6m USD
EBIT TTM = 58.1m USD
EBITDA TTM = 58.1m USD
Long Term Debt = unknown (none)
Short Term Debt = 397.9m USD (from shortTermDebt, last fiscal year)
Debt = 397.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 365.5m USD (from netDebt column, last quarter)
Enterprise Value = 815.4m USD (449.9m + Debt 397.9m - CCE 32.4m)
Interest Coverage Ratio = 2.91 (Ebit TTM 58.1m / Interest Expense TTM 20.0m)
FCF Yield = -1.69% (FCF TTM -13.8m / Enterprise Value 815.4m)
FCF Margin = -17.71% (FCF TTM -13.8m / Revenue TTM 77.6m)
Net Margin = 74.86% (Net Income TTM 58.1m / Revenue TTM 77.6m)
Gross Margin = 74.25% ((Revenue TTM 77.6m - Cost of Revenue TTM 20.0m) / Revenue TTM)
Gross Margin QoQ = 71.74% (prev 63.25%)
Tobins Q-Ratio = 0.90 (Enterprise Value 815.4m / Total Assets 907.6m)
Interest Expense / Debt = 1.45% (Interest Expense 5.77m / Debt 397.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = 45.9m (EBIT 58.1m * (1 - 21.00%))
Current Ratio = 9.90 (Total Current Assets 42.9m / Total Current Liabilities 4.33m)
Debt / Equity = 0.83 (Debt 397.9m / totalStockholderEquity, last quarter 482.0m)
Debt / EBITDA = 6.29 (Net Debt 365.5m / EBITDA 58.1m)
Debt / FCF = -26.58 (negative FCF - burning cash) (Net Debt 365.5m / FCF TTM -13.8m)
Total Stockholder Equity = 487.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.40% (Net Income 58.1m / Total Assets 907.6m)
RoE = 11.91% (Net Income TTM 58.1m / Total Stockholder Equity 487.8m)
RoCE = 6.43% (EBIT 58.1m / Capital Employed (Total Assets 907.6m - Current Liab 4.33m))
RoIC = 5.76% (NOPAT 45.9m / Invested Capital 797.6m)
WACC = 5.17% (E(449.9m)/V(847.8m) * Re(8.72%) + D(397.9m)/V(847.8m) * Rd(1.45%) * (1-Tc(0.21)))
Discount Rate = 8.72% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.55%
Fair Price DCF = unknown (Cash Flow -13.8m)
EPS Correlation: 84.82 | EPS CAGR: 30.51% | SUE: 0.69 | # QB: 0
Revenue Correlation: 26.79 | Revenue CAGR: 33.41% | SUE: 3.11 | # QB: 1
Additional Sources for GLAD Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle