(GLAD) Gladstone Capital - Ratings and Ratios
Debt Instruments, Equity Stakes, Mezzanine Financing
GLAD EPS (Earnings per Share)
GLAD Revenue
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 | 428m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2002-08-02 |
GLAD Stock Ratings
| Growth Rating | 18.9% |
| Fundamental | 75.9% |
| Dividend Rating | 88.0% |
| Return 12m vs S&P 500 | -25.3% |
| Analyst Rating | 3.33 of 5 |
GLAD Dividends
| Dividend Yield 12m | 14.45% |
| Yield on Cost 5y | 27.73% |
| Annual Growth 5y | 10.64% |
| Payout Consistency | 94.5% |
| Payout Ratio | 37.7% |
GLAD Growth Ratios
| Growth Correlation 3m | -96.8% |
| Growth Correlation 12m | -31.6% |
| Growth Correlation 5y | 83.2% |
| CAGR 5y | 8.61% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.26 |
| CAGR/Mean DD 3y (Pain Ratio) | 1.20 |
| Sharpe Ratio 12m | 0.69 |
| Alpha | -31.27 |
| Beta | 0.988 |
| Volatility | 17.84% |
| Current Volume | 143.7k |
| Average Volume 20d | 248.9k |
| Stop Loss | 18.5 (-3.3%) |
| Signal | -0.41 |
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (75.8m TTM) > 0 and > 6% of Revenue (6% = 5.85m TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA 7.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -239.2% (prev -245.6%; Δ 6.38pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 77.2m > Net Income 75.8m (YES >=105%, WARN >=100%) |
| Net Debt (239.4m) to EBITDA (80.8m) ratio: 2.96 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.08 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (22.3m) change vs 12m ago 2.64% (target <= -2.0% for YES) |
| Gross Margin 79.68% (prev 77.25%; Δ 2.43pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 12.55% (prev 12.68%; Δ -0.13pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.11 (EBITDA TTM 80.8m / Interest Expense TTM 19.7m) >= 6 (WARN >= 3) |
Altman Z'' -1.22
| (A) -0.30 = (Total Current Assets 21.4m - Total Current Liabilities 254.8m) / Total Assets 780.2m |
| (B) 0.01 = Retained Earnings (Balance) 5.20m / Total Assets 780.2m |
| (C) 0.10 = EBIT TTM 80.8m / Avg Total Assets 777.6m |
| (D) 0.02 = Book Value of Equity 5.24m / Total Liabilities 291.2m |
| Total Rating: -1.22 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 75.88
| 1. Piotroski 5.0pt = 0.0 |
| 2. FCF Yield 11.56% = 5.0 |
| 3. FCF Margin 79.10% = 7.50 |
| 4. Debt/Equity 0.52 = 2.37 |
| 5. Debt/Ebitda 2.96 = -1.72 |
| 6. ROIC - WACC (= 1.65)% = 2.06 |
| 7. RoE 15.56% = 1.30 |
| 8. Rev. Trend 65.93% = 4.94 |
| 9. EPS Trend 88.42% = 4.42 |
What is the price of GLAD shares?
Over the past week, the price has changed by -0.10%, over one month by -8.03%, over three months by -28.27% and over the past year by -14.27%.
Is Gladstone Capital a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of GLAD is around 19.41 USD . This means that GLAD is currently overvalued and has a potential downside of 1.46%.
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 | 26.8 | 40.1% |
| Analysts Target Price | 26.8 | 40.1% |
| ValueRay Target Price | 21.3 | 11.1% |
GLAD Fundamental Data Overview October 31, 2025
P/E Trailing = 5.649
P/E Forward = 10.4167
P/S = 4.815
P/B = 1.0251
P/EG = 2.3116
Beta = 0.988
Revenue TTM = 97.6m USD
EBIT TTM = 80.8m USD
EBITDA TTM = 80.8m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 254.8m USD (from shortTermDebt, last quarter)
Debt = 254.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 239.4m USD (from netDebt column, last quarter)
Enterprise Value = 667.5m USD (428.1m + Debt 254.8m - CCE 15.3m)
Interest Coverage Ratio = 4.11 (Ebit TTM 80.8m / Interest Expense TTM 19.7m)
FCF Yield = 11.56% (FCF TTM 77.2m / Enterprise Value 667.5m)
FCF Margin = 79.10% (FCF TTM 77.2m / Revenue TTM 97.6m)
Net Margin = 77.64% (Net Income TTM 75.8m / Revenue TTM 97.6m)
Gross Margin = 79.68% ((Revenue TTM 97.6m - Cost of Revenue TTM 19.8m) / Revenue TTM)
Gross Margin QoQ = 74.36% (prev 75.44%)
Tobins Q-Ratio = 0.86 (Enterprise Value 667.5m / Total Assets 780.2m)
Interest Expense / Debt = 1.75% (Interest Expense 4.45m / Debt 254.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = 63.8m (EBIT 80.8m * (1 - 21.00%))
Current Ratio = 0.08 (Total Current Assets 21.4m / Total Current Liabilities 254.8m)
Debt / Equity = 0.52 (Debt 254.8m / totalStockholderEquity, last quarter 489.0m)
Debt / EBITDA = 2.96 (Net Debt 239.4m / EBITDA 80.8m)
Debt / FCF = 3.10 (Net Debt 239.4m / FCF TTM 77.2m)
Total Stockholder Equity = 487.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.71% (Net Income 75.8m / Total Assets 780.2m)
RoE = 15.56% (Net Income TTM 75.8m / Total Stockholder Equity 487.0m)
RoCE = 16.60% (EBIT 80.8m / Capital Employed (Equity 487.0m + L.T.Debt 0.0))
RoIC = 8.22% (NOPAT 63.8m / Invested Capital 776.5m)
WACC = 6.57% (E(428.1m)/V(682.8m) * Re(9.66%) + D(254.8m)/V(682.8m) * Rd(1.75%) * (1-Tc(0.21)))
Discount Rate = 9.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.32%
[DCF Debug] Terminal Value 63.51% ; FCFE base≈54.5m ; Y1≈35.8m ; Y5≈16.4m
Fair Price DCF = 11.24 (DCF Value 251.1m / Shares Outstanding 22.3m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 88.42 | EPS CAGR: 34.79% | SUE: 0.0 | # QB: 0
Revenue Correlation: 65.93 | Revenue CAGR: 32.98% | SUE: -0.26 | # QB: 0
Additional Sources for GLAD Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle